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

The compliance audit of the Mercersburg Borough Non-Uniformed Pension Plan assessed whether corrective actions to previous findings were implemented and if the plan was managed in compliance with state laws, regulations, and local ordinances for January 2023 to December 2024. The audit found that the plan was largely compliant, except for an incorrect payroll data submission on Certification Form AG 385, leading to a state aid underpayment of $3,118. The borough understated non-uniformed employee payroll by $14,545 due to a misinterpretation of compensation rules, which affected the aid calculation. It’s recommended that Mercersburg Borough implements stronger internal controls to ensure accurate data reporting. The audit did not evaluate the borough’s general financial statements, which are audited separately. This is an automated summary. Please rely on the contents included in the released audit report.