City of Edmonds financials breeze through state audit

In a report presented to the city last month, the Washington State Auditors Office gave the City of Edmonds high marks for its compliance with all regulations and standard auditing practices. The report and audit also found no incidences of noncompliance with internal control procedures.

The audit covered calendar year 2013. The state conducts audits every year to ensure government dollars are being managed properly.

On the financial statements themselves, the auditors found:

  • Under significant deficiencies: “We reported no deficiencies in the design or operation of internal control over financial reporting that we consider to be significant deficiencies.”
  • Under material weaknesses: “We identified no deficiencies that we consider to be material weaknesses.”
  • “We noted no instances of noncompliance that were material to the financial statements of the City.”

Regarding federal programs, auditors found:

  • Under significant deficiencies: “We reported no deficiencies in the design or operation of internal control over financial reporting that we consider to be significant deficiencies.”
  • Under material weaknesses: “We identified no deficiencies that we consider to be material weaknesses.”
  • “We noted no instances of noncompliance that were material to the financial statements of the City.”

Finally, on the independent accountability audit from Jan.1-Dec. 31, 2013, the auditors evaluated internal controls and performed audit procedures on city activities. The goal was to determine whether the City of Edmonds complied with state laws and regulations and its own policies and procedures.

“In keeping with general auditing practices, we do not examine every transaction, activity or area. Instead, the areas examined were those representing the highest risk of noncompliance, misappropriation or misuse,” auditors said. The following areas were examined during this audit period:

  • Utility billing
  • Parks cash receipting
  • Fuel monitoring

“In the areas we examined, the City’s internal controls were adequate to safeguard public assets,” the auditors said. “The City also complied with state laws and regulations and its own policies and procedures in the areas we examined.”

– By Harry Gatjens

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