Borough of Mill Hall Employees’ Pension Plan – Clinton County – Audit Period January 1, 2022 to December 31, 2023

The compliance audit of the Borough of Mill Hall Employees’ Pension Plan, spanning January 1, 2022, to December 31, 2023, reveals adherence to applicable state laws, contracts, and regulations. Conducted under the Municipal Pension Plan Funding Standard and Recovery Act, the audit confirms proper administration of state aid, employer contributions, and retirement benefits. The plan, established in 2019, requires no employee contributions and mandates an annual $4,000 employer contribution per member, with adjustments made for terminated employee forfeitures and state aid allocations. The audit found that state aid was correctly deposited, and employer contributions met legal requirements. Borough officials are responsible for maintaining effective internal controls. The audit results indicate compliance with pertinent legal and regulatory standards. Officials were cooperative, and responses were included in the report. This audit, not bound by Government Auditing Standards, provides a reasonable assurance of compliance. The audit confirms the pension plan’s sound management and compliance.