Sharpsville Borough Non-Uniformed Pension Plan – Mercer County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the Sharpsville Borough Non-Uniformed Pension Plan, conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act, evaluated its administration. The audit focused on whether the borough had addressed previous findings and complied with applicable laws and regulations. Key objectives included verifying state aid deposition, employer contributions, benefit calculations, and actuarial report submissions. The plan met compliance standards, maintaining effective internal controls. The audit found that the pension plan was administered correctly according to legal requirements, with no significant issues to report. This is an automated summary. Please rely on the contents included in the released audit report.