Franklin Township Non-Uniformed Union Employees’ Pension Plan – Butler County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit of the Franklin Township Non-Uniformed Pension Plan was conducted under the Municipal Pension Plan Funding Standard and Recovery Act. The audit assessed if corrective actions were taken in response to previous findings and ensured compliance with state laws, regulations, and other relevant requirements. The audit reviewed transactions, interviewed officials, and analyzed supporting documentation, covering January 1, 2023, to December 31, 2024. The Township partially complied with prior recommendations but still received excess state aid and made contributions beyond the requirements. Two key findings were noted: poor reconciliation of state aid and an improperly amended ordinance. The audit encourages timely corrective actions and acknowledges township officials’ cooperation. In all significant respects, except noted issues, the pension plan was compliant with applicable regulations. This is an automated summary. Please rely on the contents included in the released audit report.