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Atlantic City
New Jersey
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Wednesday, June 4, 2003

Audit Finds County in Sound Financial Shape

The 2002 independent annual audit of Atlantic County government found that the county continues to be in sound financial condition, County Executive Dennis Levinson announced today. "It is my pleasure to report to our taxpayers that their county government remains fiscally sound. Our tax rate is the lowest in 46 years, our 2002 surplus was our highest ever, and our bond rating by Moody's and Standard and Poor's puts us in the top 25% of all counties in the country," Levinson said.

The county received its 2002 annual audit from the Alliance of Government Auditors who conducted the audit over a 6 to 8 week period. The auditors reported no findings. A synopsis and summary of the audit was published in The Press of Atlantic City on May 19, 2003. The Board of Chosen Freeholders reviewed and certified the audit at its regular meeting on June 3 in accordance with the requirements of the Local Finance Board.

Levinson stated that he was grateful to all county employees for their hard work and cooperation in ensuring the county's fiscal integrity. "I feel that we can all feel very proud. I encourage everyone to keep up the good work and let's continue to make Atlantic County government the finest run county government in the country."

For more information, contact Howard J. Kyle, Chief of Staff, at (609) 345-2223.

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