Phoenixville Borough Non-Uniformed Pension Plan – Chester County – Reduced Period Engagement – Period Ended December 31, 2025

A compliance audit was conducted on the Phoenixville Borough Non-Uniformed Pension Plan under the Municipal Pension Plan Funding Standard and Recovery Act (Act 205). The Auditor General reviewed the plan for the period from January 1, 2024, to December 31, 2025, to ensure proper corrective actions on prior findings and compliance with state laws, regulations, contracts, and local policies. The audit focused on whether state aid was correctly determined and deposited, whether employer and employee contributions were properly calculated and deposited, and whether retirement benefits were accurately determined and disbursed. It was confirmed that the pension plan was largely in compliance with applicable regulations. Additionally, the borough complied with previous recommendations regarding reporting accurate pension data. The audit does not express an opinion on the financial statements audited by an independent CPA firm. We appreciate the cooperation of the Phoenixville Borough officials during the audit process. This is an automated summary. Please rely on the contents included in the released audit report.