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Auditor warns of municipal reporting delays; Tangier accepts review after missed payments and reporting gaps
Summary
Auditor of Public Accounts staff reported local reporting delays and highlighted the town of Tangier as under fiscal review after missed vendor payments and missed required federal reporting; APA said many small towns lack audits or timely reporting and encouraged voluntary assessment and technical assistance.
Stacy Henshaw, Auditor of Public Accounts, told the commission that many Virginia localities missed statutory reporting deadlines for the APA—s annual comparative local government report and that the office is actively monitoring local fiscal health.
Henshaw said the APA published a draft comparative report on Feb. 15 and the final in April, and that 30 localities remained missing as of the final draft. She described common reasons for late submissions including accounting vacancies and difficulty procuring auditors.
On fiscal distress monitoring, Henshaw explained APA—s two‑part process (financial ratio analysis and…
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