Monday, June 27, 2016

Atlantic County Remains Deficiency-Free in 17th Perfect Financial Audit

An independent audit of Atlantic County’s financial operations and procedures has found no deficiencies or weaknesses. This marks the 17th consecutive year that county government has received an error-free, perfect audit.

The 2015 audit of the financial transactions of the county’s treasurer’s office and the financial records of government offices and institutions was performed by Mercadien, P.C., Certified Public Accountants of Princeton, New Jersey.

“This audit affirms that Atlantic County government continues to consistently operate at the highest level of fiscal responsibility and integrity,” stated County Executive Dennis Levinson. “Despite Atlantic City’s difficulties, Atlantic County government is extremely solvent with an extraordinary low debt-ratio far below the statutory limit. We have not spent beyond our means nor kicked the can down the road. We put the interests of our taxpayers first.”

The audit was conducted over several months by Mercadien, one of four independent auditors to report no findings over the past 17 years. Atlantic County uses a competitive bidding process to select an auditor and changes firms every three years as per county policy that was initiated by Levinson.

“Having attained this achievement for 17 straight years is no easy feat. It is the result of hard work and a dedicated fiscal team,” added Levinson.

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