Commonwealth of Virginia Single Audit Report for the Year ended June 30, 2005

COMMONWEALTH OF VIRGINIASINGLE AUDIT REPORTFOR THE YEAR ENDEDJUNE 30, 2005EXECUTIVE SUMMARY The results of our single audit of the Commonwealth of Virginia for the year ended June 30, 2005, are summarized below: • we issued an unqualified opinion on the basic financial statements; • we found certain matters that we consider reportable conditions; however, we do not consider these to be material weaknesses; • we did not identify instances of noncompliance with selected provisions of applicable laws and regulations which could have a material effect on the basic financial statements; • we did not identify material weaknesses in the internal control over major programs; however, we did find certain matters and instances of noncompliance with selected provisions of laws and regulations related to major programs required to be reported in accordance with OMB Circular A-133, Section .510(a); and • we issued an unqualified opinion on the Commonwealth’s compliance with requirements applicable to each major program. Our audit findings are reported in the accompanying, “Schedule of Findings and Questioned Costs.” - T A B L E O F C O N T E N T S - Page EXECUTIVE SUMMARY INTRODUCTION LETTER 1 INDEPENDENT AUDITOR’S REPORTS: Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 2- ...