RD403 - Virginia Commercial Space Flight Authority Report on Audit for the Year Ended June 30, 2008


Executive Summary:
Our audit of the Virginia Commercial Space Flight Authority for the year ended June 30, 2008, found:

• the accompanying financial statements present fairly, in all material respects, the Authority’s financial position as of June 30, 2008, and the results of operations and cash flows for the year then ended, in conformity with generally accepted accounting principles;
• no material weaknesses in internal control over financial reporting; and
• no instances of noncompliance with laws and regulations or other matters that are required to be reported.