Exeter Township Non-Uniformed Pension Plan – Berks County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit was conducted on the Exeter Township Non-Uniformed Pension Plan under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to determine if previous corrective actions were implemented and if the plan was compliant with relevant laws and policies from January 1, 2022, to December 31, 2024. Key findings included incorrect data on Certification Form AG 385, leading to a $12,584 overpayment of state aid, and the failure to deposit the full amount of state aid into an eligible pension plan. Recommendations included returning the overpayment to the Commonwealth and improving internal controls. Despite these findings, the plan was generally compliant in other audited areas. Future state aid may be withheld until recommendations are addressed. The results were discussed with Exeter Township officials, who cooperated throughout the audit process. This is an automated summary. Please rely on the contents included in the released audit report.