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

A compliance audit was conducted on the Parkesburg Borough Non-Uniformed Pension Plan in Chester County, Pennsylvania, under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to assess whether the pension plan was administered in accordance with applicable state laws, regulations, contracts, procedures, and local ordinances for the year 2025. Key aspects reviewed included the proper calculation and timely deposition of state aid and employer contributions, compliance with state aid program requirements, and the accuracy of the actuarial valuation report. Findings revealed the pension plan was managed in compliance with all relevant regulations and mandates, demonstrating effective adherence to legal and procedural standards. This report was reviewed with Parkesburg Borough officials, who cooperated fully, and their responses were included where appropriate. This is an automated summary. Please rely on the contents included in the released audit report.