Franklin Borough Non-Uniformed Pension Plan – Cambria County – Audit Period Ended December 31, 2023

A compliance audit was conducted on the Franklin Borough Non-Uniformed Pension Plan in Cambria County, Pennsylvania, following the Municipal Pension Plan Funding Standard and Recovery Act (Act 205). The audit aimed to assess corrective actions taken by municipal officials and ensure the pension plan’s compliance with state laws and regulations from January 1, 2022, to December 31, 2023. The audit discovered that the borough adhered to relevant laws and procedures in all significant areas, except for failing to implement mandatory provisions under Act 205 for adopting professional services contract standards. This issue was noted in a previous report, yet it remains unaddressed by borough officials. The failure to adapt these provisions, which ensure transparent and fair procurement processes, is a recurrent compliance issue. The report underscores the importance of implementing these recommendations to improve plan administration. It appreciated the cooperation of borough officials during the audit process.