10-15-2019 Audit Report
Presented by
Ade Ariwoola, Finance Director
October 15, 2019
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2018
AUDIT
REPORT
City Council Meeting
October 15, 2019
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Background
RCW 43.09.050
General duties of auditor.
The auditor shall:
“(2) In his or her discretion, inspect the books of any person charged with the receipt, safekeeping, and disbursement of public moneys;
(3) Investigate improper governmental activity under chapter 42.40 RCW;
(4) Inform the attorney general in writing of the necessity for the attorney general to direct prosecutions in the name of the state for all official delinquencies…”
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Background
Washington SAO-
“Audits are one way the people of Washington can see how their government is working. The audit process is thorough, independent and transparent. It’s a chance to see what’s being done
right, what might be wrong, and to note where improvements can be made.”
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Type of Audit Reports
Accountability – LAWS & POLICIES followed?
Single Audit-Grant & Financial rules followed and properly reported?
Comprehensive Annual Financial Report (CAFR)- Financial Transactions Properly reported?
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Audits Results for FY 2018
Accountability – No Finding
Single Audit – No Finding
Comprehensive Annual Financial Report (CAFR) – No Finding
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Find the Report
https://www.sao.wa.gov/reports-data/audit-reports/
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https://www.sao.wa.gov/reports-data/audit-reports/
Report date: 10/10/2019
Audit Report: Page 4
“..City operations complied with applicable state laws, regulations, and its own policies, and provided adequate controls over the safeguarding of public resources.”
Accountability
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https://www.sao.wa.gov/reports-data/audit-reports/
Report date: 9/23/2019
Summary of Audit Report: Page 4, 5, 9, and 12
Major Programs
Financial and Federal Single Audit
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https://www.sao.wa.gov/reports-data/audit-reports/
Report date: 6/14/2019
Summary of Audit: Page 2
“In our opinion, the financial statements referred to above present fairly, in all material respects, …”
Comprehensive Annual Financial Report
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Clean Audit
Thank you to the Mayor and Council members
Audit Reports available on SAO website
Conclusion
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Information Only
Council Action
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Questions?
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