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The Audit Connection Blog

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For 4th year in a row, more governments filing financial reports on time

June 6, 2017

Local governments are required to submit an annual financial report within 150 days after their fiscal year end under state law (RCW 43.09.230). Exhibit 1 illustrates that the number of governments meeting this requirement has increased for the fourth consecutive year. Exhibit 2 illustrates that 228 of the 302 governments that missed the filing deadline also missed the deadline in 2015.

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The State Auditor’s Office and MRSC expand financial policy guidance

April 27, 2017

Financial policies are an essential component of any local government’s financial health, but financial policy needs vary considerably from jurisdiction to jurisdiction. Different types of entities (cities, towns, counties, and special purpose districts) have different needs depending on size, scope of activities, organizational and staffing structures, contractual and program structures, and the governing body’s values and priorities.

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Filing workshops scheduled across Washington

February 2, 2017

The State Auditor’s Office is excited to bring back the popular annual report filing workshops. These workshops are designed to help local governments file their annual financial reports, and to meet the statutory requirement of submitting the report within 150 days of the close of their fiscal year.

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CAFR Summary

January 5, 2017

We issued our state CAFR summary report December 27, 2016. Each year, our Office audits the state of Washington’s financial statements and reports the results in the Comprehensive Annual Financial Report (CAFR). This is a very long, complex document that contains vital information about our state’s financial condition.

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