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

A compliance audit was conducted on the Franklin Park Borough Non-Uniformed Pension Plan, in accordance with the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The audit aimed to verify compliance with relevant state laws, regulations, and local ordinances for the period of January 1, 2023, to December 31, 2023. The audit found that, overall, the pension plan adhered to statutory requirements, but identified incorrect data on Certification Form AG 385, leading to a net overpayment of state aid. The borough incorrectly reported a retired police officer and overlooked eligible non-uniformed employees, affecting their state aid allocation. This oversight resulted in a net overpayment of state aid for the police plan and an underpayment for the non-uniformed plan. The report concludes with recommendations for corrective measures to ensure accurate future reporting and internal control improvements.