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

A compliance audit of the Quarryville Borough Non-Uniformed Pension Plan was conducted in accordance with the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The audit aimed to ensure the plan’s compliance with applicable state laws, regulations, contracts, administrative procedures, and local ordinances and policies. The audit covered various aspects, including the proper determination and timely depositing of state aid, employer contributions, and actuarial valuation reporting. Findings from January 1, 2025, to December 31, 2025, indicated that the plan was compliant with all relevant legal and regulatory requirements. The audit results were discussed with local officials, who cooperated throughout the process. The plan, a single-employer defined benefit pension established in 1983, was evaluated for funding progress, showing a stable financial status with a funded ratio of 110.9% as of January 1, 2025. This is an automated summary. Please rely on the contents included in the released audit report.