Published June 6, 2025
About This Audit
The compliance audit of the Wheatfield Township Non-Uniformed Pension Plan, conducted under the Municipal Pension Plan Funding Standard and Recovery Act, aimed to determine compliance with relevant state laws, regulations, and policies for the year 2024. Key audit objectives included verifying the appropriate deposit of state aid, employer and employee contributions, and retirement benefits, as well as reviewing the timely submission and accuracy of the actuarial valuation report. Despite generally being in compliance, a finding noted an understatement of payroll on Certification Form AG 385, causing an underpayment of state aid. The report recommends improving internal controls for accurate data reporting. Township officials acknowledged the issue, promising future compliance. The audit highlighted the need for precise data to secure proper state aid allocations, ensuring the pension plan’s financial health and compliance.