Washington state governments

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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.

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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.

Here is a printable version of the infographic.

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The State Auditor's Office received 410 reports of suspected or known loss in 2020. While some of these reports were from citizens and whistleblowers, more than 80 percent of reports came from management at state agencies and local governments.

That's because state law (RCW 43.09.185) requires all state agencies and local governments to immediately notify SAO of any known or suspected loss of public resources or other illegal activity, including cyberattacks and other activities that potentially affect financial records or systems.