Shenango Township Non-Uniformed Pension Plan – Mercer County – Audit Period January 1, 2020 to December 31, 2023

A compliance audit was conducted on the Shenango Township Non-Uniformed Pension Plan for January 1, 2020, to December 31, 2023, in accordance with the Municipal Pension Plan Funding Standard and Recovery Act (Act 205). The audit aimed to assess corrective actions on prior findings and evaluate compliance with relevant laws and regulations. The plan followed Act 205 for state aid depositing timelines, actuarial report submissions, and accurately meeting financial obligations. Despite past issues such as overpayment of state aid and untimely deposit of municipal obligations, recent improvements have been made, including timely filing and internal control enhancements. The audit concluded that the plan was in compliance with applicable legal and regulatory requirements. Shenango Township officials cooperated with the audit process, and their corrective actions were evaluated and acknowledged in the audit report.