Chadds Ford Township Non-Uniformed Pension Plan – Delaware County – Audit Period January 1, 2022 to December 31, 2023

The compliance audit of the Chadds Ford Township Non-Uniformed Pension Plan, covering January 1, 2022, to December 31, 2023, was conducted to assess compliance with state laws, regulations, and local policies under Act 205. The audit aimed to verify correct state aid deposits, employer contributions, retirement benefits distributions, and the accuracy of actuarial reports. The audit found that the pension plan was generally compliant but identified two issues: Chadds Ford Township received more state aid than entitled in 2023 and reported inaccurate data on Certification Form AG 385, resulting in underpayment. The audit recommended returning excess state aid and ensuring future reconciliations with actual costs. Township officials agreed with the findings, and their response has been incorporated into the report. Compliance will be monitored further.