Tullytown Borough Non-Uniformed Pension Plan – Bucks County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit was conducted on the Tullytown Borough Non-Uniformed Pension Plan in Bucks County, Pennsylvania, in line with Act 205 of 1984. The audit aimed to verify if the pension plan adhered to relevant state laws, regulations, and local policies for the period from January 1, 2024, to December 31, 2024. The audit included assessments of state aid deposits, employer and employee contributions, retirement benefit calculations, actuarial valuation reports, and pension obligation notes. The audit concluded that the pension plan generally complied with applicable regulations, except for an issue where incorrect data on Certification Form AG 385 led to an underpayment of state aid. The borough failed to certify an eligible employee, resulting in an underpayment of $6,665 in 2025. Borough officials have acknowledged the finding, and recommendations have been made to improve internal controls to ensure accurate data certification in future audits. This is an automated summary. Please rely on the contents included in the released audit report.