Collegeville Borough Police Pension Plan – Montgomery County – Reduced Period Engagement – Period Ended December 31, 2025

The compliance audit of the Collegeville Borough Police Pension Plan, conducted in alignment with the Municipal Pension Plan Funding Standard and Recovery Act, aimed to assess corrective actions and ensure administration compliance with laws, regulations, and policies. The audit covered 2024-2025 and evaluated state aid deposits, employer and employee contributions, retirement benefits, actuarial reports, and the Deferred Retirement Option Plan (DROP). The audit concluded that the pension plan largely complied with legal and regulatory requirements, except for an unresolved issue: incorrect data on Certification Form AG 385, repeating a prior finding. This error involved overstating payroll and correctly certifying a DROP participant, resulting in an overpayment of state aid. Despite receiving reimbursement for a prior underpayment, the borough needs to address these inaccuracies. This is an automated summary. Please rely on the contents included in the released audit report.