Results Are in For Atlantic County, New Jersey Financial Audit

Atlantic County, New Jersey, Executive Dennis Levinson has announced the astonishing results of the annual financial review of Atlantic County government.

Levinson Is Proud Of Atlantic County Winning Streak

Atlantic County Executive Dennis Levinson photo.

We may be the only county in the state, if not the country, that is able to claim 27 consecutive years of perfect audits, said Levinson.

More From Levinson

And what makes this even more impressive, is that we change auditors every three years, not because it's mandated by the state but because when I first became county executive, we made it our policy to change auditors every three years to ensure complete independence. We are not marking our own papers or checking our own work to provide more favorable results, said Levinson.

Current Budget Features A Tax Rate Decrease

The current year Atlantic County budget is $ 283 million dollars and it features a 3 cent tax rate decrease.

Audit Details
no deficiencies.
no instances of reportable non-compliance.
expenses increased by 5 percent versus the prior year.
Yet, The County of Atlantic achieved an $18.5 million fund balance increase.
low debt ratio of only .5 percent.

Did You Know That Atlantic County Is The Second Poorest County In The State of New Jersey?

As the second poorest county in the state, it's important to find ways to save money for our taxpayers. Most municipalities had to raise their rates to keep up with inflation and rising costs. As a result of our conservative policies, effective long-term planning, and our ability to say no when necessary, we are in sound financial shape. Few local governments can match our record of performance, said Levinson.

Levinson Thanked The Following Atlantic County Employees For Their Efforts

Former County Administrator Jerry Del Rosso.
County Treasurer Bonnie Lindaw.
fiscal support staff.
budget staff .
strong support from Atlantic Board of County Commissioners.
Atlantic County Commissioner budget task force.

Levinson acknowledged that they have worked in cooperation with all county departments to develop manageable budgets that “are sensitive to county taxpayers,” said Levinson.