King County Continues to Struggle with Financial Statements

By The 9th Order

King County and the City of Camas were found lacking as the State Auditor’s Office released its weekly batch of audits. For King County, “Our audit identified significant deficiencies in controls that adversely affect the County’s ability to produce reliable financial statements. We reported similar findings for the County during prior audits…The deficiencies in internal controls make it reasonably possible that more serious misstatements could occur and not be prevented or detected by the County in the future.”

Meanwhile, “The City of Camas does not have adequate support for its allocation of shared costs, resulting in a shift of general government costs to restricted funds…The City could not provide documentation to support the allocation of costs for central service functions to all departments or funds, including those with restricted resources.”

The weekly batch of 21 audits also included two other entities with significant deficiencies, the Naches Valley School District No. Jt3 in Yakima County and Vashon Island School District No. 402 in King County. Both had problems in their Alternative Learning Experience individualized study programs.

For additional details go to http://portal.sao.wa.gov/SubscriptionServices/RecentAuditReportSubscriptions.aspx?CID=8247 .

 

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