Perkasie Borough Non-Uniformed Pension Plan – Bucks County – Audit Period January 1, 2019 to December 31, 2022

A compliance audit was conducted on the Perkasie Borough Non-Uniformed Pension Plan for the period of January 1, 2019, to December 31, 2022. The audit aimed to determine if the pension plan adhered to applicable state laws, regulations, contracts, administrative procedures, local ordinances, and policies, in line with the Municipal Pension Plan Funding Standard and Recovery Act requirements. The audit findings revealed that the pension plan was managed in compliance with relevant regulations. The plan undergoes regular actuarial valuation, and its funding progress is monitored to assess financial strength. Overall, the audit confirmed compliance of the Perkasie Borough Non-Uniformed Pension Plan with applicable laws and policies. This is an automated summary. Please rely on the contents included in the released audit report.