Portage Borough Police Pension Plan – Cambria County – Reduced Period Engagement – Period Ended December 31, 2025

The compliance audit of the Portage Borough Police Pension Plan, conducted by the Auditor General, reviewed compliance with state laws, regulations, and local policies as per Act 205 requirements. The audit covered the period from January 1 to December 31, 2025. It confirmed proper state aid deposits and adherence to employer contribution calculations. No employee contributions or benefit calculations were required for this period. The audit concluded that the plan was administered in compliance with relevant standards, supporting its continued eligibility for state aid. The plan, controlled locally by Ordinance No. 11-2007 and influenced by collective bargaining, reported one active member and four retirees. Despite no financial audits by the Auditor General, the audit confirmed compliance through transaction testing and interviews. The audit indicated that the pension plan maintained effective internal controls and fulfilled its financial obligations, demonstrating a strong financial position with a funded ratio of over 190%. This is an automated summary. Please rely on the contents included in the released audit report.