Bedford Borough Non-Uniformed Cash Balance Pension Plan – Bedford County – Audit Period Ended December 31, 2023

A compliance audit of the Bedford Borough Non-Uniformed Cash Balance Pension Plan was conducted under Pennsylvania’s Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to ensure corrective actions from a previous report were addressed and the pension plan adhered to relevant state and local regulations. Covering the period from January 1, 2022, to December 31, 2023, the audit found significant compliance with applicable laws, except for an earlier issue not fully resolved. Specifically, the borough submitted incorrect data on Certification Form AG 385, leading to a $6,292 state aid underpayment for 2024. The audit report further provides recommendations for improving internal control procedures to prevent similar future errors. The audit’s findings were discussed with borough officials, who cooperated fully during the process. The report states that despite the error, Bedford Borough generally maintained compliance with the relevant legal and procedural requirements.