New Hope Borough Non-Uniformed Pension Plan – Bucks County – Reduced Period Engagement – Period Ended December 31, 2025

A compliance audit of the New Hope Borough Non-Uniformed Pension Plan for the year 2025 was conducted in accordance with the Municipal Pension Plan Funding Standard and Recovery Act. The audit focused on verifying that the pension plan was administered in compliance with applicable state laws, regulations, contracts, administrative procedures, and local ordinances. The audit included verifying the proper deposit and calculation of state aid, employer, and employee contributions, examining retirement benefits eligibility, and ensuring actuarial valuation reports were submitted timely. Results indicated compliance in all significant respects. As of December 31, 2025, the plan had nine active members. The audit report, which was discussed with borough officials and their responses included where appropriate, confirmed that the New Hope Borough non-uniformed pension plan met its funding requirements, as evidenced by the deposited employer contributions and terminated employee forfeitures. This is an automated summary. Please rely on the contents included in the released audit report.