4 County Complex Court P.O. Box 2266 Woodbridge, VA 22195-2266 Phone (703) 335-7900 Fax (703) 335-7905 www.pwcsa.org K. Jack Kooyoomjian, Ph.D., Chairman Joyce P. Eagles, Vice Chairman Marlo Thomas Watson, Secretary-Treasurer Mark Allen, Member B. Paul O’Meara, Jr., Member Paul E. Ruecker, Member Kurt E. Voggenreiter II, Member Harry W. Wiggins, Member Dean E. Dickey, General Manager November 20, 2020 Board of Directors of the Prince William County Service Authority Woodbridge, Virginia Ladies and Gentlemen: The Comprehensive Annual Financial Report (CAFR) for the Prince William County Service Authority (the Authority) for the fiscal year ended June 30, 2020 is submitted herewith. Financial data, including all appropriate disclosures, have been prepared in accordance with the standards for financial reporting promulgated or permitted by the Governmental Accounting Standards Board (GASB). Management is responsible, in all material respects, for the accuracy of the data and the completeness and fairness of the presentations, including all disclosures. We believe the data presents fairly the financial position and results of operations of the Authority. This letter of transmittal is designed to complement the Management’s Discussion and Analysis (MD&A) found in the financial section of the CAFR, and should be read in conjunction with it. The Authority The Authority was created by a resolution of the Board of County Supervisors (BOCS) of Prince William County, Virginia (the County) on January 11, 1983. The Authority is chartered by the State Corporation Commission and is an independent public body responsible for providing a comprehensive county-wide water and sewer system. The management of the Authority is vested in a Board of eight members appointed by the County’s BOCS. The Authority’s Board appoints the General Manager, who is responsible for the daily management of the Authority. Economic Conditions and Outlook Prince William County is the second-largest county in the Commonwealth of Virginia with a population of nearly 468,000, as of June 30, 2020. The County is located approximately 35 miles southwest of Washington, D.C. and encompasses a total area of 348 square miles that includes independent cities and towns, state and federal park properties, and the Quantico Marine Corps Base. A highly-educated, racially and ethnically diverse population makes the county one of the most globally represented communities in the region. Steeped in rich history, surrounded by beautiful parks and open space, Prince William County is a community of choice where individuals, families and businesses choose to live, work and play. LETTER OF TRANSMITTAL INTRODUCTORY SECTION 1
Prince William County Service Authority | 4 County Complex Court Woodbridge, VA 22192
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