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Report of Independent Auditor on Internal Control over Financial Reporting and on
Compliance and Other Matters Based on an Audit of Financial Statements
Performed in Accordance with Government Auditing Standards
To the Board of Commissioners
Peninsula Airport Commission
We have audited, in accordance with the auditing standards generally accepted in the United States of America;
the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller
General of the United States; and the Specifications for Audits of Authorities, Boards, and Commissions issued
by the Auditor of Public Accounts of the Commonwealth of Virginia (the “Specifications”), the financial statements
of the Peninsula Airport Commission (the “Commission”), as of and for the year ended June 30, 2023, and the
related notes to the financial statements, which collectively comprise the Commission’s basic financial statements
and have issued our report thereon dated December 11, 2023.
Report on Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Commission’s internal control
over financial reporting (“internal control”) as a basis for designing audit procedures that are appropriate in the
circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of
expressing an opinion on the effectiveness of the Commission’s internal control. Accordingly, we do not express
an opinion on the effectiveness of the Commission’s internal control.
Our consideration of internal control was for the limited purpose described in the preceding paragraph and was
not designed to identify all deficiencies in internal control that might be material weaknesses or significant
deficiencies and, therefore, material weaknesses or significant deficiencies may exist that were not identified.
However, as described in the accompanying schedule of findings and questioned costs, we identified certain
deficiencies in internal control that we consider to be a material weakness and significant deficiency.
A deficiency in internal control exists when the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions, to prevent, or detect and correct,
misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal
control such that there is a reasonable possibility that a material misstatement of the entity’s financial statements
will not be prevented, or detected and corrected, on a timely basis. We consider the deficiency described in the
accompanying schedule of findings and responses as item 2023-01 to be a material weakness.
A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than
a material weakness, yet important enough to merit attention by those charged with governance. We consider the
deficiency described in the accompanying schedule of findings and responses as item 2023-02 to be a
significant deficiency.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Commission’s financial statements are free from
material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts,
and grant agreements, noncompliance with which could have a direct and material effect on the financial
statements. However, providing an opinion on compliance with those provisions was not an objective of our audit
and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of
noncompliance or other matters that are required to be reported under Government Auditing Standards or the
Specifications.
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