City of Farrell Firemen’s Pension Plan – Mercer County – Audit Period January 1, 2023 to December 31, 2024

A compliance audit of the City of Farrell Firemen’s Pension Plan, covering January 1, 2023, to December 31, 2024, revealed noncompliance with state laws and prior audit recommendations. The audit focused on whether proper corrective actions were taken and compliance was maintained with state laws. Key findings highlighted repeated errors in certification forms leading to incorrect state aid amounts, failure to determine and pay the Minimum Municipal Obligation, and untimely and incorrect deposits of state aid. Despite recommendations to address prior findings, the City has not fully corrected these issues, potentially risking the withholding of state aid. City officials are urged to implement corrective measures to ensure compliance and proper administration of the pension plan. This is an automated summary. Please rely on the contents included in the released audit report.