The City of Kenmore announced that for the 16th year in a row, the City has received a clean audit opinion from the Washington State Auditor’s Office.
The Annual Audit covered the City’s 2016 Financial Statements and Federal grant awards and no findings were issued. Audit procedures are performed to determine whether cities comply with applicable laws and regulations and their own policies and procedures. A finding is a deficiency, material weakness, or misstatement, discovered during an audit, which the auditor is required to report.
This year the City also received a clean audit for the Transportation Benefit District (TBD), which focused on financial accountability for 2016, the final year as a separate district. The TBD collected funds to help pay for the City’s arterial overlay program, road maintenance, and preservation efforts. The audit also found the TBD is compliant with applicable laws and requirements and provides adequate safeguarding of public resources.
The Washington State Auditor’s Office independently serves the citizens of Washington by promoting accountability, fiscal integrity, and openness in state and local government. Working with these governments and with citizens, the office strives to ensure the efficient and effective use of public resources.
To view the financial report from the State Auditor’s Office, visit www.kenmorewa.gov/