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

An audit of the Franklin Township Non-Uniformed Pension Plan in Butler County, Pennsylvania, was conducted to ensure compliance with Act 205 and other applicable laws. The audit’s goals were to determine if past corrective actions were implemented and if the pension plan adhered to legal requirements. The audit focused on state aid allocation, employer contributions, and compliance with municipal ordinances. Despite general compliance, two findings were noted: excess state aid was received, and an ordinance was improperly amended. The township partially corrected a prior finding by reimbursing an overpayment but failed to reconcile state aid allocation properly. The pension plan’s administration must address these issues to align with regulatory requirements and ensure proper financial management. This is an automated summary. Please rely on the contents included in the released audit report.