Hooversville Borough Non-Uniformed Pension Plan – Somerset County – Reduced Period Engagement – Period Ended December 31, 2025

The compliance audit of Hooversville Borough’s Non-Uniformed Pension Plan, conducted under the authority of Pennsylvania’s Municipal Pension Plan Funding Standard and Recovery Act, evaluated compliance with state laws, regulations, and policies. The audit, covering January to December 2025, verified state aid deposits, employer contribution calculations, and actuarial report submission compliance. Findings showed the plan was operated in line with legal and regulatory requirements. Additionally, the plan is a single-employer defined benefit pension locally governed by Ordinance No. 119 and various agreements, reflecting a healthy funding status. A schedule of the annual required contributions was presented, showing a consistent 100% contribution level from 2020 to 2025. The audit report, acknowledged by Hooversville officials, is accessible for public review. In all significant aspects, the pension plan operates in compliance with applicable laws and standards, ensuring continued participation in state aid programs. This is an automated summary. Please rely on the contents included in the released audit report.