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West Haymarket JPA accepts clean audit; fund balance covers about two years of debt service
Summary
Auditors issued an unmodified opinion on the JPA’s fiscal year ending Aug. 31, 2024. The finance director and the auditor told the board the JPA’s fund balance assigned for debt service is about $46 million, roughly two years of debt service based on current obligations.
The West Haymarket Joint Public Agency on April 3, 2025, accepted the financial audit and management letter from Forvis Mazars for the fiscal year ending Aug. 31, 2024. City Finance Director Joe Downlinger presented the audit packet and said the JPA received a clean, unmodified opinion.
Auditor representative Chris Linner (Forvis Mazars) told the board the audit produced an unmodified opinion and that the audit and the government-auditing-standards review found no material weaknesses or reportable control findings. Linner said auditors did not require adjustments to management-prepared…
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