posted on Sunday, May 03, 2009
The Waccamaw Regional Transportation Authority (Coast RTA) Board
of Directors has approved the Agency's 2008 A-133 Annual
Independent Audit Report. The annual report includes an unqualified
opinion of the Coast RTA financial statements from the independent
accounting firm of McGregor & Company, LLP.
The financial statements cover the period from July 1 2007 to
June 30, 2008 and represent the third consecutive year of an
An unqualified opinion is the highest possible independent audit
standard and means that an independent auditor has determined an
organization has appropriate procedures and control objectives
placed in operation and they were effective during the review
"This unqualified opinion is a very significant achievement for
Coast RTA," stated General Manager Myers Rollins Jr." "The report
also notes that we must continue to work on strengthening a few
internal controls and steps are being taken to address those
issues," Rollins continued.
"As we look at 2009 and beyond, I am confident we now have in
place a management structure and the internal financial controls
that will position us to make a case for a dedicated recurring
source of revenue," Rollins concluded.
Copies of the Coast RTA annual audit opinion are available under
the Freedom of Information Act and can be purchased for $5.00.
Requests should be in writing to Finance, Coast RTA 1418 Third
Avenue, Conway, SC 29526 or e-mail firstname.lastname@example.org.