Homer City Borough Non-Uniformed Pension Plan – Indiana County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the Homer City Borough Non-Uniformed Pension Plan, conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act, evaluated whether municipal officials took corrective actions from the prior report and assessed the plan’s compliance with relevant state laws from January 1, 2023, to December 31, 2024. Key findings indicate that municipal obligations were correctly determined, and contributions were properly managed according to plan documents. The audit confirmed the administration’s alignment with laws and policies, though it was not conducted per Government Auditing Standards. The pension plan participates in the Pennsylvania Municipal Retirement System, providing a defined benefit to members since its establishment in 1967. The supplementary information aims to help assess the plan’s funding progress. The audit outcomes reflected favorable compliance, and borough officials cooperated during the audit process, ensuring effective operation and control over pension assets. This is an automated summary. Please rely on the contents included in the released audit report.