Indiana Borough Non-Uniformed Management Pension Plan – Indiana County – Audit Period Ended December 31, 2023

A compliance audit was conducted on the Indiana Borough Non-Uniformed Management Pension Plan in Indiana County, Pennsylvania, for the year 2023. The audit, led by the Auditor General under the authority of the Municipal Pension Plan Funding Standard and Recovery Act (Act 205), assessed whether the pension plan complied with relevant state laws, regulations, contracts, and policies. The approach included verifying whether state aid, employer, and employee contributions were accurately calculated, deposited, and administered according to legal requirements and plan directives. Furthermore, retirement benefits and actuarial valuations were also reviewed for compliance. The findings confirmed that the pension plan complied with all applicable statutes, rules, and guidelines for the reviewed period. Indiana Borough contracted an independent CPA firm for annual audits of their financial statements, but these were not evaluated in the compliance audit. Discussions with borough officials confirmed the accuracy of findings, and their cooperation during the audit was appreciated.