Washington state governments

Removing the mystery: How auditors select federal programs for audit

Governments that spend $750,000 or more in federal awards during their fiscal year must receive a Single Audit to determine their compliance with certain federal requirements. If your government has received a Single Audit—either annually or at some point in the past—you might have wondered how your auditor selected federal programs for audit.

Good news on pension funding might mean changes for government financial reporting. SAO has guidance on how to report it

The Department of Retirement Systems's (DRS) 2021 Participating Employer Financial Information (PEFI) report showed that six out of eight state-sponsored pension plans are fully funded. While this means that these plans are in a better position to provide pension benefits to employees who are enrolled in them, it also means that many more governments will be reporting a net pension asset this year instead of a net pension liability.

New Resources Are Available, with More on the Way

The Center for Government Innovation, a service of the Office of the Washington State Auditor, has been working hard to provide local governments the tools they need.

Just released: Payroll Guide and Internal Controls Checklist

This new Payroll Guide includes a suite of short, one-to-two-page resources for different roles and topics. This guide has something for you, whether you are: