Franklintown Borough Non-Uniformed Pension Plan – York County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit of the Franklintown Borough Non-Uniformed Pension Plan was conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to assess whether corrective actions were taken based on previous findings and if the pension plan complied with relevant laws and policies. The audit evaluated state aid compliance, employer contributions, and actuarial reporting. While compliance was broadly achieved, an error was noted in the Certification Form AG 385, leading to an underpayment of state aid due to the omission of eligible employee data. The borough had addressed previous issues, such as record-keeping and professional services procurement. The pension plan, governed by local ordinances and the Pennsylvania Municipal Retirement System, reflects local financial management practices. This is an automated summary. Please rely on the contents included in the released audit report.