HomeMy Public PortalAboutTOL NR 2021-12-15 Leesburg Receives Clean Audit Report for Fiscal Year Ending on June 30, 2021
Town of Leesburg
News Release
For Immediate Release
December 15, 2021
Media Contact:
Leah Kosin, Assistant Public Information Officer
lkosin@leesburgva.gov 703-771-2781
Leesburg Receives Clean Audit Report for Fiscal Year Ending on
June 30, 2021
FY 2021 Annual Comprehensive Financial Report available on town website.
Leesburg, VA (December 15, 2021) – The Fiscal Year 2021 Annual Comprehensive Financial
Report and audit report was presented to the Leesburg Town Council on Tuesday, December
14, 2021. The audit was conducted by Brown, Edwards & Company, L.L.P., a public accounting
audit firm that specializes in audits of local governments in Virginia.
The Town received a clean audit opinion, which means there were no material misstatements
within the financial statements. The Town was found to be in compliance with regulations and
debt covenants.
“Fiscal Year 2021 was financially challenging due to the pandemic, but strong management
action to control expenditures, debt restructuring, and unexpected federal grants helped the
Town turn in a strong financial performance despite the difficulties,” said Clark Case the Town’s
Director of Finance and Administrative Services.
The Town remains fiscally sound, and is on track for funding its policy goals and long-term fiscal
sustainability plan. The FY 2021 Annual Comprehensive Financial Report and the audit
presentation are available on the Town’s website at www.leesburgva.gov/acfr.
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