East Bangor Borough Police Pension Plan – Northampton County – Audit Period January 1, 2020 to December 31, 2023

A compliance audit of the East Bangor Borough Police Pension Plan was conducted for January 1, 2020, to December 31, 2023, under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. The audit, not aligned with Government Auditing Standards, aimed to ensure corrective actions were taken for prior findings and to verify compliance with state laws and regulations. Key deficiencies identified include failure to deposit state aid, failure to pay the Minimum Municipal Obligation (MMO), and failure to file an actuarial valuation report. East Bangor Borough failed to deposit the 2020 state aid into the pension fund, risking fund misapplication. They also failed to meet MMO obligations for the same year. Recommendations include rectifying these financial missteps and implementing effective procedures for future compliance. Despite these issues, the pension plan was largely compliant with relevant state laws and guidelines, aside from the noted findings.