Versailles Borough Police Pension Plan – Allegheny County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the Versailles Borough Police Pension Plan assessed whether appropriate corrective actions were taken following previous findings and if the plan was managed according to relevant laws, regulations, and policies. The audit, covering a period ending December 31, 2024, found two significant compliance issues: the failure to deposit state aid into the pension plan and the failure to pay the minimum municipal obligation. Internal control weaknesses were identified as the cause for non-compliance with state aid deposits. Despite these issues, overall operations mostly complied with applicable requirements. This is an automated summary. Please rely on the contents included in the released audit report.