City passes audit with flying colors
By Harry Gatjens
During an exit meeting with the State Auditors Office (SAO) Tuesday, the City of Edmonds’ accounting systems passed with no findings, nor major recommendations.
The SAO audited both the city’s financial system statements and those of the Transportation Benefit District. In both cases the statements were passed with unqualified positive opinions.
The city had even corrected all of the deficiencies from prior audits.
The audit was for the year 2011 And reflects positively on the work of both interim finance director Jim Tarte And current finance director Shawn Hunstock.
The city is due for another audit for the year 2012 and the TBD is scheduled for an audit every three years.
The auditors do research prior to commencing the audit to make sure that they catch most major issues. They look at disbursements, newspaper articles, minutes, citizen tips and major projects among other things to determine the direction of the audit.
While the city still has financial issues looming in the future, citizens can take heart knowing that the city’s financial systems appear to be working well. The issues are more about growing expenses and lack of revenue, and not mishandling of either funds or information.