EXECUTIVE SUMMARY

 

The results of our financial statement audit of the Commonwealth of Virginia for the year ended June 30, 2025, are summarized as follows:

 

• • we issued an unmodified opinion on the basic financial statements;

 

• • we found certain matters that we consider to be material weaknesses or significant deficiencies in internal control over financial reporting; and

 

• • we identified instances of noncompliance or other matters required to be reported under Government Auditing Standards related to the basic financial statements.

 

The results of our single audit of the Commonwealth of Virginia for the year ended June 30, 2025, are summarized as follows:

 

• • we issued an unmodified opinion on the Commonwealth’s compliance with requirements applicable to each major federal program, except for Assistance Listing Number (ALN) 93.558 Temporary Assistance for Needy Families, which we modified for Reporting, and ALN 15.252 Abandoned Mine Land Reclamation, which we modified for Allowable Costs/Cost Principles;

 

• • we found certain matters and instances of noncompliance with selected provisions required to be reported in accordance with Uniform Guidance, Title 2 U.S. Code of Federal Regulations (CFR) Part 200;

 

• • we found certain matters that we consider to be material weaknesses or significant deficiencies in internal control over compliance; and

 

• • we issued an opinion that the Schedule of Expenditures of Federal Awards is fairly stated in all material respects in relation to the financial statements as a whole.

 

Our audit findings, along with a summary of the views of applicable responsible officials, are reported in the accompanying “Schedule of Findings and Questioned Costs.”  Consistent with prior years, we have included unabridged views of responsible officials concerning audit findings in the report related to their organization, which can be found at www.apa.virginia.gov.  Additionally, Management’s Corrective Action Plan will be available from the Federal Audit Clearinghouse website and the Virginia Department of Accounts’ website at www.doa.virginia.gov.