We have audited the basic financial statements of the Virginia Community College System (System) as of and for the year ended June 30, 2022, and issued our report thereon, dated January 18, 2024. Our report, included in the System’s basic financial statements, is available at the Auditor of Public Accounts’ website at www.apa.virginia.gov and at the System’s website at www.vccs.edu. Our audit of the System found:

• the financial statements are presented fairly, in all material respects;

• internal control findings requiring management’s attention; however, we do not consider them to be material weaknesses; and

• instances of noncompliance or other matters required to be reported under Government Auditing Standards.

Our audit also included testing over the federal programs of the Education Stabilization Fund for the Commonwealth’s Single Audit and the Student Financial Assistance Program for accreditation purposes as described in the U.S. Office of Management and Budget Compliance Supplement at the following Colleges:

• Northern Virginia Community College – Education Stabilization Fund;
• Tidewater Community College – Education Stabilization Fund; 
• Lord Fairfax Community College – Student Financial Assistance; 
• Virginia Western Community College – Student Financial Assistance;
• Germanna Community College – Student Financial Assistance;
• Southside Virginia Community College – Student Financial Assistance;
• Patrick Henry Community College – Student Financial Assistance;
• New River Community College – Student Financial Assistance;
• Dabney S. Lancaster Community College – Student Financial Assistance;
• Central Virginia Community College – Student Financial Assistance; and
• Virginia Highlands Community College – Student Financial Assistance.

In relation to this testing, we found internal control findings requiring management’s attention and instances of noncompliance in relation to Student Financial Assistance. We found no internal control findings requiring management’s attention or instances of noncompliance in relation to the Education Stabilization Fund.