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

The compliance audit of Milford Borough’s Non-Uniformed Pension Plan, covering the period from January 1, 2025, to December 31, 2025, was conducted to assess whether the plan adhered to relevant state laws, regulations, and policies. The audit, not required to follow Government Auditing Standards, aimed to verify compliance in several areas, such as state aid deposits, employer contributions, and retirement benefit calculations. It was confirmed that the pension plan operated in accordance with its governing document and state regulations. Borough officials were responsible for maintaining internal controls to ensure compliance, and evidence from the audit supports the conclusion that the plan was managed correctly. The audit results, supplementary information, and discussions with borough officials indicated compliance, and borough officials were cooperative throughout the audit process. The pension plan as of December 31, 2025, had three active members, no retirees, and was financially stable. This is an automated summary. Please rely on the contents included in the released audit report.