Cranberry Township Non-Uniformed Pension Plan – Butler County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit was conducted on the Cranberry Township Non-Uniformed Pension Plan to ensure adherence to state laws and regulations under Act 205. The audit covered transactions from 2019 to 2024, focusing on proper allocation and deposit of state aid, correct calculation and deposit of employer contributions, ensuring no employee contributions were required, and the accurate distribution of retirement benefits. It also confirmed that the actuarial valuation report was submitted timely. Except for an overpayment due to incorrect data on Certification Form AG 385 resulting in excessive state aid, the plan was in compliance. The township certified an ineligible employee, resulting in a $6,775 state aid overpayment, which must be returned with interest. Plan officials are advised to establish internal controls to avoid future errors. This report and recommendations were communicated with the Cranberry Township officials, who agreed to comply with the findings. This is an automated summary. Please rely on the contents included in the released audit report.