Shippingport Borough Non-Uniformed Union Pension Plan – Beaver County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the Shippingport Borough Non-Uniformed Union Pension Plan, conducted under Act 205, assessed whether municipal officials addressed previous findings and ensured compliance with pertinent laws and policies. The audit confirmed that the plan was generally compliant but identified a recurring issue involving incorrect data on Certification Form AG 385, which caused state aid underpayments due to inaccuracies in certifying eligible employees and payroll amounts. Despite prior recommendations, insufficient internal controls led to an underpayment of state aid totaling $12,097 in 2024. Borough officials are advised to implement better controls to ensure future data accuracy and compliance, thereby preventing similar issues. This is an automated summary. Please rely on the contents included in the released audit report.