Avondale Borough Non-Uniformed Pension Plan – Chester County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit was conducted on Avondale Borough’s Non-Uniformed Pension Plan under the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The audit aimed to verify if appropriate corrective actions were taken for prior findings and whether the pension plan followed state laws, regulations, and ordinances. Key findings include partial compliance with recommendations regarding excess state aid receipts and municipal over-contributions, noncompliance with professional services contract provisions, and eligible employees not participating in the plan. Prior issues of overpayment have been partially addressed; however, some remain unresolved, and the borough has begun reimbursing excess state aid. This is an automated summary. Please rely on the contents included in the released audit report.