City receives 11th consecutive clean audit from State Auditor’s Office

From the Office of the City Manager

On November 29, 2012, the City of Shoreline received its 11th consecutive clean audit from the Washington State Auditor’s Office. The audit examined the City’s internal controls and determined they were adequate to safeguard public assets. The audit also found that the City had complied with state laws and regulations and the City’s own policies and procedures.

Every year the Auditor’s Office audits the City concentrating on just a few areas for examination. This year’s audit examined the following areas: Council compensation; disbursements, fuel cards and agreements; parks and recreation cash receipting, stormwater utility fees; and interlocal contracts.

In addition to continuing to receive clean audit reports, the City’s strong financial policies, diligent financial management, and conservative budget planning, have enabled it to maintain its AA+ bond rating and S/P’s highest financial management rating of “strong.”