City of Beaver Falls Non-Uniformed Pension Plan – Beaver County – Audit Period January 1, 2023 to December 31, 2024

The compliance audit for the City of Beaver Falls Non-Uniformed Pension Plan covered the period from January 1, 2023, to December 31, 2024. Conducted under Act 205 authority, the audit assessed compliance with state laws and regulations regarding the pension plan’s administration. It specifically aimed to determine if the city had addressed previous findings and if the pension plan adhered to applicable laws. The audit identified two main issues: failure to maintain necessary documentation and to deposit state aid into an eligible pension plan as required. Despite being notified in prior audits, these shortcomings remained uncorrected, potentially risking the withholding of state aid. This emphasizes the need for city officials to implement recommended corrective measures promptly to comply with relevant regulations and avoid financial repercussions. This is an automated summary. Please rely on the contents included in the released audit report.