Mount Penn Borough Non-Uniformed Pension Plan – Berks County – Audit Period Ended December 31, 2023

The compliance audit of the Mount Penn Borough Non-Uniformed Pension Plan, as required by the Municipal Pension Plan Funding Standard and Recovery Act, evaluated the plan’s administration for adherence to state laws, regulations, contracts, administrative procedures, and local policies from January 1, 2020, to December 31, 2023. The audit found compliance in significant respects but identified two key issues. First, the borough failed to deposit the full 2022 state aid allocation into the pension plan, with a shortfall of $10,616 plus interest. Second, the borough did not meet the minimum municipal obligation (MMO) for 2022, leaving $16,306 unpaid by year-end. Recommendations include depositing the outstanding state aid and implementing procedures to ensure timely payments. Borough officials have acknowledged these findings, and compliance will be reassessed in the next audit. The pension plan, governed by Ordinance No. 751 and amended in 2018, is a single-employer defined