A collection of reviews found nothing negative regarding the county's financial practices, according to the county Auditor-Controller's office, which presented the reports this week to the Solano County Board of Supervisors.

A summary of the Comprehensive Annual Financial Report was the highlight of the presentation Tuesday, which also outlined a report to management, a single-audit report and a report on agreed-upon procedures.

The Auditor-Controller's office prepares the financial documents, including the CAFR - the largest and most inclusive of the reports - in order to make the information available to officials and residents.

The county received an unqualified "clean" opinion in the CAFR, the highest mark that can be earned in an audit, according to county Auditor-Controller Simona Padilla-Scholtens.

"We work with the departments year-round to make the report the quality that it is," she said. "We're very proud of our accomplishments in Solano County."

The other reviews also found no reportable conditions regarding the county's financial practices, but included some recommendations to improve certain internal and administrative controls. These recommendations are not considered to indicate material weaknesses, according to the presentation.

The county's CAFR is of such high quality that it has won the Government Finance Officers Association Award for the fifth year in a row.

The award is given based on quality, content and completeness of the documents within the CAFR, Padilla-Scholtens said.

The government-wide financial statement seeks to report the extent to which the government has met its operating objectives.

In other action, the supervisors approved the refinancing of a series of bonds, which officials estimate will save the county an estimated $3.2 million.

In 2002 a series of bonds financed the new county government center, said Charles Lomeli, the county's treasurer, tax collector and clerk.

"What we're doing is refinancing some of those bonds," he said.

"Over the life of the bonds, we'll save about $3.2 million with annualized savings of about $150,000 a year."

The refinance is part of an ongoing philosophy and strategy to improve the county's business practices, Lomeli explained.

Erin Pursell can be reached at county@thereporter.com.