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

The Shenango Township Police Pension Plan underwent a compliance audit from January 1, 2020, to December 31, 2023, conducted by the Pennsylvania Auditor General. This audit, not aligned with U.S. Government Auditing Standards, was authorized under Act 205, assessing whether the pension plan met state legal, regulatory, and procedural standards. The objectives centered on verifying corrective actions from previous findings and compliance with applicable requirements. The audit found partial compliance in correcting prior inaccuracies on the Certification Form AG 385, resulting in a net underpayment of state aid. Additionally, the township failed to adopt its plan document in line with Act 600, a requirement also unmet in a previous audit. Despite these issues, the audit confirmed general compliance with pertinent legal standards. Shenango Township officials have been advised to implement recommendations promptly to address these findings. The audit findings, discussed with township officials, emphasize continued improvement efforts.