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

The compliance audit of Yardley Borough’s Non-Uniformed Pension Plan was conducted as per the Municipal Pension Plan Funding Standard and Recovery Act to ensure adherence to state laws and regulations. The audit aimed to verify the implementation of corrective actions from prior findings and the compliance of the pension plan with applicable laws for the period January 1, 2023, to December 31, 2024. The audit found that the pension plan was managed in compliance with relevant regulations and policies. Yardley Borough participates in the Pennsylvania Municipal Retirement System, with the pension plan being a single-employer cash balance plan. The borough addressed previous record-keeping issues and provided necessary financial statements. The report acknowledged cooperation from Yardley Borough officials and was distributed to various local and state officials. Overall, the audit concluded that the plan was compliant in all significant respects, ensuring responsible management of public funds. This is an automated summary. Please rely on the contents included in the released audit report.