City of Coatesville Firefighters’ Pension Plan – Chester County – Audit Period January 1, 2021 to December 31, 2023

The compliance audit of the City of Coatesville Firefighters’ Pension Plan, covering January 1, 2021, to December 31, 2023, assessed adherence to state laws, regulations, and local policies. Conducted under Act 205, the audit checked the proper determination and deposit of state aid, employer, and employee contributions, and verified the accuracy of retirement benefit calculations. The methodology included examining supporting documents and interviewing officials. The audit confirmed that the pension plan was managed in compliance with all applicable requirements. The report also noted the pension plan’s actuarial valuation reports’ accuracy and timeliness, ensuring compliance with state aid participation programs. While the audit confirmed compliance in significant respects, it did not audit the city’s financial statements, nor did it express assurance on unaudited supplementary information. The plan’s funding status, presented as a percentage of the actuarial accrued liability, indicates financial strength over the audited years.