Financial & Audit Reports
The Revised Code of Washington (RCW) 43.09 RCW requires that the State Auditor’s Office examine the financial affairs of local governments. The timing and scope of audits are based on risk analyses that consider such factors as size, analytical procedures and prior audit history. The State Auditor’s Office is also required to issue accounting and reporting requirements for local governments and to collect and report their revenues and expenditures (RCW 43.09.200). This is done through the Budget, Accounting, and Reporting System (BARS), which requires interpretation of governmental accounting and reporting standards and financial related statutes.
As with all municipal entities, Clark County Fire & Rescue (CCF&R) is regularly audited by the Washington State Auditor. Accountability audits examine the District’s fiscal processes to determine if there are appropriate internal controls in place to comply with state laws and regulations. In the 2013 federal single audit, the District received its first finding ever as staff was unable to present paper documentation detailing the District’s compliance with federal procurement, suspension and debarment documentation requirements on one project. Following the audit, the District further defined the existing standard operating guidelines and necessary work practices to address the auditor’s recommendations.
Local governments are required to receive a financial audit when they receive over $2,000,000 in annual revenues; or spend more than $500,000 in federal financial assistance in a single budget year; or if specified in financing arrangements, such as bonds, loans or grant agreements. CCF&R’s next scheduled accountability and financial audit will occur in 2017. The accountability audit will cover years 2014 through 2016 and the financial audit will cover years 2015 and 2016. The financial audit will render an opinion on whether the District’s financial statements are presented in conformity with cash basis accounting as an Other Comprehensive Basis of Accounting (OCBA) as prescribed by the State Auditor.