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Auditor OK’s city finances

November 24, 2009

By J.B. Wogan

By J.B. Wogan
The state Auditor’s Office says the city of Sammamish is meeting its standards for accountability and for managing its budget.
The auditor’s office released two reports, one on accountability and one on the city’s financial statements.
Lyman Howard, the city’s finance director, said the city received compliments from the auditor’s office during its exit interview this year.
Sammamish has had one negative finding in its 10-year existence; the finding came in 2006 after the state changed its reporting standards.
“We weren’t up to our game at that point,” Howard said. “Almost every city had a finding.”
The auditor’s office noted that Sammamish received a finding in 2006 but has since resolved the issue.
The 2009 financial reports focused on aspects of managing and reporting city finances that lead to significant misstatements. It also reviewed how the city notifies the public about public meetings and how the city reports financial action, such as paying personnel or awarding a contract, in public documents.
The auditor’s office reviewed every major city fund and the end-of-the-year fund balance for 2008.
Residents can read a detailed breakdown of the city’s financial statements at www.sao.wa.gov/AuditReports/AuditReportFiles/ar1002495.pdf.
Reporter J.B. Wogan can be reached at 392-6434, ext. 247, or jbwogan@isspress.com. To comment on this story, visit www.SammamishReview.com.

New: Nov. 24, 3:13 p.m.

The state Auditor’s Office says the city of Sammamish is meeting its standards for accountability and for managing its budget.

The auditor’s office released two reports, one on accountability and one on the city’s financial statements.

Lyman Howard, the city’s finance director, said the city received compliments from the auditor’s office during its exit interview this year.

Sammamish has had one negative finding in its 10-year existence; the finding came in 2006 after the state changed its reporting standards.

“We weren’t up to our game at that point,” Howard said. “Almost every city had a finding.”

The auditor’s office noted that Sammamish received a finding in 2006 but has since resolved the issue.

The 2009 financial reports focused on aspects of managing and reporting city finances that lead to significant misstatements. It also reviewed how the city notifies the public about public meetings and how the city reports financial action, such as paying personnel or awarding a contract, in public documents.

The auditor’s office reviewed every major city fund and the end-of-the-year fund balance for 2008.

Residents can read a detailed breakdown of the city’s financial statements at www.sao.wa.gov/AuditReports/AuditReportFiles/ar1002495.pdf.

Reporter J.B. Wogan can be reached at 392-6434, ext. 247, or jbwogan@isspress.com.

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Written by J.B. Wogan · Filed Under Local News 

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