Cochranton Borough Non-Uniformed Pension Plan – Crawford County – Audit Period January 1, 2021 to December 31, 2024

An audit was performed on the Cochranton Borough Non-Uniformed Pension Plan for the period from January 1, 2021, to December 31, 2024, to ensure compliance with state laws and regulations. Conducted under the Municipal Pension Plan Funding Standard and Recovery Act, the audit aimed to check if corrective actions for previous findings were implemented and if the plan complied with applicable legal guidelines. The methodology included verifying state aid deposits within required timeframes and ensuring proper calculation and deposit of employer and employee contributions. While compliance was generally observed, the audit identified two main issues: the failure to deposit the full amount of state aid into an eligible pension plan and the incorrect determination and payment of the minimum municipal obligation. These findings necessitate corrective measures to prevent recurrence. Overall, the audit provided a comprehensive assessment of the plan’s administration, revealing areas needing improvement. This is an automated summary. Please rely on the contents included in the released audit report.