Dale Borough Employees Pension Plan – Cambria County – Audit Period Ended December 31, 2023

A compliance audit was conducted for the Dale Borough Employees Pension Plan in Cambria County, Pennsylvania. The audit, which was based on the Municipal Pension Plan Funding Standard and Recovery Act, aimed to verify corrective actions on previous findings and compliance with applicable laws and policies. The audit covered January 2022 to December 2023 and assessed the proper determination and deposition of state aid, compliance with employer contributions, and the preparation of actuarial reports. The plan did not require employee contributions or benefit calculations during this period. Audit results showed compliance with relevant state laws, regulations, administrative procedures, and policies. Previous issues such as the appointment of a chief administrative officer and deposit of state aid were resolved. Despite slight variations in funding progress, contributions were met at 100% from 2019 to 2023, ensuring the plan’s financial health. The audit was completed with cooperation from Dale Borough officials.