Sharon Hill Borough Non-Uniformed Pension Plan – Delaware County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit was performed on the Sharon Hill Borough Non-Uniformed Pension Plan to ensure adherence to regulations outlined in the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The audit, spanning January 1, 2022, to December 31, 2024, assessed the proper deposit of state aid, accurate calculation and deposition of employer and employee contributions, and the compliance of retirement benefits. The January 1, 2023 actuarial report’s timely preparation was also evaluated. The audit confirmed that the pension plan was administered in compliance with relevant state laws, regulations, policies, and contracts. This is an automated summary. Please rely on the contents included in the released audit report.