Ford City Borough Police Pension Plan – Armstrong County – Audit Period January 1, 2021 to October 20, 2023

A compliance audit of the Ford City Borough Police Pension Plan in Armstrong County, Pennsylvania, was conducted for the period from January 1, 2021, to October 20, 2023. This audit was performed to evaluate if the pension plan was managed according to state laws, regulations, and local policies following a prior report’s findings. The audit was carried out under the Municipal Pension Plan Funding Standard and Recovery Act’s authority. The audit determined that, generally, the pension plan was managed in compliance with legal standards, except for a noted discrepancy involving incorrect data on Certification Form AG 385, leading to a net overpayment of state aid. Effective January 1, 2023, Ford City Borough’s police department merged into the Southern Armstrong Regional Police Department, transferring all assets and liabilities of the former pension plan by October 2023. This audit report marks the final review of the former pension plan. This is an automated summary. Please rely on the contents included in the released audit report.