Clean State Fiscal Audit
District receives clean state fiscal audit
This week district officials received word the annual state financial and accountability audit for the 2021-22 fiscal year was again strong. Issued by the Office of the Washington State Auditor, who is required to review school district financial statements every year, the report noted that there were no significant deficiencies, no material weaknesses, and no instances of noncompliance in the district's internal controls over financial reporting.
The audit exit report noted, in all the selected areas that were audited, district operations complied, in all material respects, with applicable state laws, regulations, and its own policies, and provided adequate controls over the safeguarding of public resources.
Additionally, reviews of major Federal programs within the district's jurisdiction also noted the same. As a result, an unmodified opinion was issued with no findings identified. Auditors once again called this audit as good as it gets during the exit conference with the district's financial team and school board representatives. This year’s results mirror the findings from last year.
“It is critical that our taxpayers and community maintain trust in our financial controls and accountability,” said Superintendent Dr. Wade Smith. "This free and clear audit confirms our continued efforts around fiscal accountability and transparency under our school board’s oversight and administrative protocols. A history of strong audits like this has helped the district secure outstanding bond rates, helping save the taxpayers money over the life of school bonds through lower interest rates.”
Director of Fiscal Services, Nancy Taylor, who oversaw the business department for the district throughout the audit period, credits her staff for their tireless efforts, as well as the school board for their established policies and financial controls.