Nazareth Borough Non-Uniformed Pension Plan – Northampton County – Audit Period Ended December 31, 2023

The compliance audit of the Nazareth Borough Non-Uniformed Pension Plan, conducted under Act 205, focused on compliance with state laws and regulations regarding pension plan administration for the period from January 1, 2019, to December 31, 2023. The objectives were to assess if prior audit recommendations were implemented and if the plan adhered to legal requirements. While the audit confirmed compliance in significant areas, it identified issues like receipt of excess state aid and discrepancies in financial documentation, similar to previous findings. Specifically, the borough received more state aid than needed for pension costs in 2021 and 2023 and made contributions exceeding requirements. The audit suggests timely implementation of corrective actions. The audit findings were discussed with local officials, and their responses were incorporated. The report expresses gratitude for the cooperation received from Nazareth Borough during the audit process.