RD330 - Virginia Commercial Space Flight Authority Report on Audit for the Year Ended June 30, 2011


Executive Summary:
We have audited the basic financial statements of the Virginia Commercial Space Flight Authority as of and for the year ended June 30, 2011, and issued our report thereon, dated October 31, 2011. Our report is included in the Authority’s Annual Report that it anticipates releasing on or around November 10, 2011.

Our audit of the Virginia Commercial Space Flight Authority for the year ended June 30, 2011, found:

• the financial statements are presented fairly, in all material respects;

• no material weaknesses in internal control over financial reporting; and

•no instances of noncompliance or other matters required to be reported under Government Auditing Standards.