Published April 15, 2026
About This Audit
The compliance audit of the Renovo Borough Police Pension Plan from January 1, 2021, to December 31, 2024, confirmed the plan’s administration in accordance with state laws, regulations, and local ordinances. Conducted under the Municipal Pension Plan Funding Standard and Recovery Act (Act 205), the audit assessed whether state aid, employer contributions, and retirement benefits were properly managed, as well as verifying the timeliness and accuracy of actuarial valuation reports. It concluded that the pension plan complied significantly with all applicable requirements, although the audit did not follow Government Auditing Standards. The Renovo Borough plan, established in 1975 and governed by local ordinances, had one active member, a terminated member eligible for future benefits, and two retirees as of December 31, 2024. Thanking borough officials for their cooperation, Auditor General Timothy L. DeFoor reiterated that the plan was administered in compliance with relevant legal and regulatory guidelines. This is an automated summary. Please rely on the contents included in the released audit report.