An independent audit of Atlantic County’s financial operations and procedures has found no problems or weaknesses for the 17th consecutive year.
The audit, conducted by Mercadien, P.C., looked at looked at the 2015 financial transactions of the treasurer’s office and the financial records of government offices and institutions, according to a statement from the county.
Mercadien P.C. is based out of Princeton and is an independent accounting company that assists clients with many things including financial reporting and tax compliance. The company was hired by the county to conduct the audit, which took place over several months.
“This audit affirms that Atlantic County government continues to consistently operate at the highest level of fiscal responsibility and integrity,” County Executive Dennis Levinson said in the statement. “Despite Atlantic City’s difficulties, Atlantic County government is extremely solvent with an extraordinary low debt-ratio far below the statutory limit. We have not spent beyond our means nor kicked the can down the road. We put the interests of our taxpayers first.”