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Warren BoS Goes Forward with 2018 Audit

18 October 2019 Front Royal/Warren County News


October 18, 2019

FRONT ROYAL – The Warren County Board of Supervisors recently approved an audit of the 2018 fiscal year.

The audit has been up in the air for 10 months because of ties to the Front Royal/Warren County Economic Development Authority. The EDA cannot currently perform an audit of its own 2018 fiscal year due to the Jennifer McDonald scandal and the tie-up of EDA funds related to it. The EDA budget is not a part of Warren County’s budget, but the county does fund a part of the EDA’s operations.

Normally, the Board would continue to wait to approve the audit until the EDA situation was resolved. Due to the constantly expanding investigation into the Authorities practices and alleged infractions the EDA has committed financially, the Board pushed through with their own audit.

The county has received awards for excellence in financial presentations the past four years. That changed this year due to the 10 month delay.

The audit was completed by the firm Robinson, Farmer, Cox Associates. No material weaknesses were detected within the 2018 FY audit. The county’s bond rating was certified as AA+, which is one rating below the highest possible of AAA.

County Administrator Doug Stanley explained during the last BoS meeting that the EDA would be included in next year’s county audit once their own audit is completed.

 

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