New Kent County’s eighth Popular Annual Financial Report (PAFR), prepared by the Department of Financial Services, is now online. This document provides a better understanding of our County government, local economic factors and financial position through an easily understandable explanation of our annual financial statement.
A PAFR is an unaudited summary report of the financial activities and position of the County with the purpose of providing the citizens of New Kent County a better understanding of the financial position of the County. The PAFR was prepared using the audited financial statements included in the June 30, 2022 Annual Comprehensive Financial Report (ACFR) which was prepared in accordance with Generally Accepted Accounting Principles (GAAP) of the United States of America. The ACFR was audited by Brown Edwards Certified Public Accountants and received an unmodified opinion. An unmodified opinion means that the financial statements were fair and true in all material aspects. Because the PAFR only includes certain funds and does not include transfers to and from other funds, the following financial statements do not comply with GAAP and generally accepted reporting requirements for government entities. More details on information referred to in this report can be found in the fiscal year 2022 ACFR.
Questions or comments concerning any of the information provided in the PAFR should be addressed to the Director of Financial Services, at the County of New Kent, P.O. Box 150, New Kent, VA 23124 or via email.