Parkesburg Borough Police Pension Plan – Chester County – Reduced Period Engagement – Period Ended December 31, 2025

A compliance audit of the Parkesburg Borough Police Pension Plan was conducted, following the authority of Act 205, to verify adherence to municipal pension fund standards and ensure compliance with state laws from January 1, 2024, to December 31, 2025. The audit’s objectives included determining corrective actions on past findings and verifying compliance with laws and ordinances. The audit procedures involved checking the proper determination of state aid, employer and employee contributions, retirement benefits, and the timely submission of actuarial reports. The audit confirmed that Parkesburg Borough managed the pension plan in compliance with applicable laws and regulations. Despite differences in historical funding trends, the plan’s financial status was evaluated using a funded ratio, reflecting its long-term financial health. The audit noted previous compliance by Parkesburg Borough in correcting an overpayment issue and highlighted the need for continued prudent financial management. This is an automated summary. Please rely on the contents included in the released audit report.