Sugarcreek Borough Maintenance Employees Pension Plan – Venango County – Reduced Period Engagement – Period Ended December 31, 2025

A compliance audit of the Sugarcreek Borough Maintenance Employees Pension Plan in Venango County, Pennsylvania, was conducted under the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The audit, covering January 1, 2025, to December 31, 2025, assessed if the pension plan was managed according to state laws, regulations, and local policies. The audit verified proper state aid deposition, employer and employee contributions, and the preparation of actuarial valuation reports. The evidence provided reasonable assurance of compliance with legal requirements. The plan’s funding history indicates a slight decrease in the funded ratio, from 103.5% in 2021 to 95.3% in 2025. The audit’s results indicated compliance, and borough officials were thanked for their cooperation. This is an automated summary. Please rely on the contents included in the released audit report.