Johnsonburg Borough Police Pension Plan – Elk County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit was conducted for the Johnsonburg Borough Police Pension Plan, as mandated by Pennsylvania’s Act 205, which oversees municipal pension plans receiving state aid. The audit, spanning January 1, 2023, to December 31, 2024, aimed to ensure corrective actions from prior findings were addressed and verify compliance with state laws and regulations. The audit, while not following U.S. Government Auditing Standards, obtained evidence supporting the conclusions made. Most components were compliant, except a failure to fully determine and pay the Minimum Municipal Obligation (MMO) in 2024, understating payroll by $27,211 and leaving a $3,365 unpaid balance. The plan, part of the Pennsylvania Municipal Retirement System, previously failed to maintain adequate record-keeping but has since complied with that recommendation. Borough officials cooperated during the audit, and the report’s findings were discussed with them. The audit confirms compliance overall, but highlights the MMO underpayment issue. This is an automated summary. Please rely on the contents included in the released audit report.