Old Forge Borough Non-Uniformed Union Pension Plan – Lackawanna County – Audit Period January 1, 2021 to December 31, 2024

An audit of the Old Forge Borough Non-Uniformed Union Pension Plan, spanning January 1, 2021, to December 31, 2024, was conducted to assess compliance with relevant state laws, regulations, contracts, and policies. The audit, mandated by Act 205, focused on the administration of state aid allocations, employer contributions, and adherence to actuarial report submissions. The audit found compliance in all significant areas except one: incorrect data on Certification Form AG 385 led to an underpayment of state aid. Specifically, the borough understated payroll figures in 2022 and 2023, resulting in an underpayment of $3,384 in state aid. The oversight was due to clerical errors and insufficient internal controls, such as the lack of a secondary review before certification submission. The audit recommends implementing better internal controls to ensure accurate data reporting in the future, accompanied by a management response from municipal officials. This is an automated summary. Please rely on the contents included in the released audit report.