Atlantic County passed it's latest audit, for fiscal year 2012, with no problems cited.
This is the 14th consecutive "perfect audit" according to county executive Dennis Levinson.
Financial transactions of the treasurer's office and financial records at the county's offices and institutions, revenues and receipts, along with cash on hand and cash balances were audited.
"The audit cited the county's extraordinarily strong borrowing power as a result of its low debt rations of .287 percent of the equalized valuation," according to a statement by the county today. "Standard & Poor’s Financial Services assigned the county an AA rating and Moody’s Investors Services rated the county Aa2. Additionally the county’s nursing home was found deficiency-free during its annual state audit."
The audit was conducted by Ford, Scott and Associates, of Ocean City, after it was selected through a competitive bidding process. County police mandates a change of firms every three years.