Carroll Valley Borough Non-Uniformed Pension Plan – Adams County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of Carroll Valley Borough’s Non-Uniformed Pension Plan, conducted under Act 205 of 1984, assessed whether prior audit corrections were implemented and whether plan administration complied with relevant laws. The audit examined state aid, employer contributions, employee contributions, and actuarial valuations for January 1, 2023, to December 31, 2024. The audit concluded that the pension plan was administered in compliance with applicable requirements but highlighted a concern regarding the plan’s funded status, which is at 68.7% as of January 1, 2023. Borough officials were urged to monitor the plan’s funding to ensure its financial stability. This is an automated summary. Please rely on the contents included in the released audit report.