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

The compliance audit of the Greencastle Borough Non-Uniformed Pension Plan in Franklin County, Pennsylvania, through December 31, 2024, was conducted as necessitated by Act 205. The audit aimed to confirm corrective actions on prior findings and ensure compliance with state laws and regulations. The audit included verifying timely state aid deposits, employer contributions, and the preparation of the actuarial valuation report by required dates. It was found that the Greencastle Borough complied with prior recommendations regarding employee eligibility for plan entry and administered its pension plan in alignment with relevant laws and policies. The audit did not adhere to Government Auditing Standards, and financial statements provided by an independent firm were not evaluated. The audit affirmed that the pension plan was generally administered in compliance with applicable standards. The report included discussion with borough officials and appreciation for their cooperation. This is an automated summary. Please rely on the contents included in the released audit report.