The City of Kenmore has received a clean audit opinion from the Washington State Auditor’s Office for the 15th year in a row. The annual audit covered the city’s 2015 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 accountability from April 16, 2012 (inception of the TBD) through Dec. 31, 2015. The TBD collects 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.
To view the audit reports, visit the city’s website, www.kenmorewa.gov.
This was taken from a City of Kenmore press release.