Pennsburg Borough Non-Uniformed Pension Plan – Montgomery County – Audit Report January 1, 2021 to December 31, 2024

The compliance audit of the Pennsburg Borough Non-Uniformed Pension Plan covered the period from January 1, 2021, to December 31, 2024, and aimed to verify if corrective actions from previous reports were implemented and if the plan adhered to applicable laws and policies. The audit wasn’t conducted per U.S. Government Auditing Standards but was consistent with the Municipal Pension Plan Funding Standard and Recovery Act, focusing on state aid allocation, employer contributions, and internal controls. The audit revealed compliance with significant aspects, with exceptions noted in two findings: incorrect data on Certification Form AG 385, leading to a state aid underpayment, and inconsistency in awarding professional service contracts according to Act 205. The audit recommended improving internal controls and reviewing service contract procedures, with a follow-up evaluation planned for the next audit. The report’s content was discussed with Pennsburg officials, who cooperated during the audit process. This is an automated summary. Please rely on the contents included in the released audit report.