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

A compliance audit was conducted on the City of Beaver Falls Police Pension Plan for the period of January 1, 2023, to December 31, 2024. The audit aimed to determine if corrective actions were taken following past recommendations and if the pension plan was run according to state laws and regulations. The audit followed the Municipal Pension Plan Funding Standard and Recovery Act but not Government Auditing Standards. Key findings showed noncompliance with previous recommendations, particularly regarding the documentation and annual funding of the pension under Act 205. Additionally, state aid was not correctly deposited into an eligible pension plan, potentially risking the withholding of future state aid. City officials are urged to address these issues promptly. Despite the audit’s limitations, the findings suggest significant areas needing improvement. The audit report includes recommendations for corrective actions and appreciates the cooperation of city officials during the audit process. This is an automated summary. Please rely on the contents included in the released audit report.