Collingdale Borough Non-Uniformed Pension Plan – Delaware County – Audit Period January 1, 2021 to December 31, 2024

A compliance audit was conducted on the Collingdale Borough Non-Uniformed Pension Plan for the period from January 1, 2021, to December 31, 2024, by the Auditor General’s office. The audit aimed to assess whether corrective actions were taken following previous reports and if the pension plan complied with state laws, regulations, contracts, and other requirements. The audit revealed that while the pension plan mostly complied with relevant regulations, there were significant exceptions. Primarily, it was found that the borough had not corrected a prior finding related to incorrect data on Certification Form AG 385, resulting in a net underpayment of state aid. Another issue was the borough’s failure to meet the minimum municipal obligation of the plan. The report makes recommendations for addressing these issues and emphasizes the need for timely corrective actions. The auditors thank borough officials for their cooperation during the audit process. This is an automated summary. Please rely on the contents included in the released audit report.