An independent auditor said it found no problems with how Fairfax County reports its finances.
The state-mandated audit, conducted by KPMG, reviewed the massive county government’s $3.4 billion in revenue and $3.2 billion in expenditures for fiscal year 2006. For the first time, the firm had no comments related to internal control of the county’s financial reporting, according to information provided by Fairfax County. KPMG also found “no material weaknesses” in the county’s financial operations; none have been found in the past 13 years, according to the county.
“This is a significant milestone for Fairfax County,” said Board of Supervisors Chairman Gerald Connolly in a statement. “The county’s budget and financial reporting systems have received the highest recognition for transparency and accuracy awarded in the audit profession. Residents can take pride in this accomplishment.”
