Freeland Borough Non-Uniformed Pension Plan – Luzerne County – Audit Period January 1, 2020 to December 31, 2023

A compliance audit was conducted on the Freeland Borough Non-Uniformed Pension Plan for the period from January 1, 2020, to December 31, 2023. The audit aimed to verify if the plan was managed in compliance with applicable state laws, regulations, and policies, and if corrective actions from prior findings were implemented. The audit revealed that, in most respects, the pension plan complied with relevant regulations, except for the misallocation of state aid in 2020 and 2021, where $23,104 was incorrectly deposited into the non-uniformed pension plan instead of the police pension plan. The cause was attributed to inadequate controls and staff changes. Municipal officials agreed with the findings and were recommended to transfer the funds to the correct account with accrued interest. The audit was authorized under the Municipal Pension Plan Funding Standard and Recovery Act but did not express an opinion on PMRS’s financial statements. The audit emphasized the need for effective internal controls.