RD308 - Annual Report of the Virginia Resources Authority


Executive Summary:
This report includes a complete operating and financial statement for the Authority as required by the Act. PBGH was hired as an independent certified public accountant by the Auditor of Public Accounts to perform the Fiscal Year 2007 audit and they issued an unqualified opinion on the Authority’s financial statements.

As noted in the Annual Report, in Fiscal Year 2007, VRA’s programs provided over $377.5 million of investment in 51 communities across the Commonwealth for vital public projects. With these strong results, VRA’s total investment in Virginia exceeds $3.1 billion for more than 750 local projects since 1984. VRA answered the call for service with innovative financing solutions that support restoring the Chesapeake Bay, meeting local transportation and public safety needs, ensuring reliable drinking water, and more.