Published June 3, 2026
About This Audit
A compliance audit of the Phoenixville Borough Firefighters Pension Plan for 2025 confirmed that the plan was administered in adherence to applicable state laws, regulations, and local policies. Performed under the authority of Act 205, the audit aimed to verify proper determination and deposition of state and employer aid, as well as employee contributions. Borough officials are charged with maintaining effective internal controls to ensure compliance. The audit revealed no significant compliance issues, with employer contributions fulfilling 100% of the annual required amount. The plan, with six active members but no beneficiaries yet, began on January 1, 2025. As of this date, actuarial valuations stated the plan was fully funded. The results, shared with Phoenixville officials, showed the plan’s robust adherence to standards, demonstrating strong financial health. This is an automated summary. Please rely on the contents included in the released audit report.