Port of Olympia Receives a Clean Audit Report

Port of Olympia
The Port of Olympia's infrastructure, planning and coordination with local agencies ensures they are ready to help the community in the event of a catastrophic disaster event. Photo courtesy: Port of Olympia
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Submitted by the Port of Olympia

Port of Olympia recently received a clean audit report from the Washington State Auditor’s Office for the period Jan. 1, 2014 through Dec. 31, 2014.

The Audit’s Results in brief stated: “In the areas we audited, Port operations complied with applicable requirements and provided adequate safeguarding of public resources. The Port also complied with state laws and regulations and its own policies and procedures in the areas we examined.”

At the Exit Conference, the State Auditor’s Office identified the following Audit Highlights:

  • “The Port improved procedures over financial reporting of decentralized departments; therefore correcting issues over prior Statement on Auditing Standards finding.
  • “The Port welcomes insight from the State Auditor’s Office and therefore provides a comfortable environment to work in.
  • “Port Staff did an excellent job providing required documents in a timely manner.”

The scope of the audit for 2014 included an accountability audit, financial statement audit and federal grant compliance audit.

Commissioner Michelle Morris commented on the audit at the Commission meeting on Sept. 28, 2015, “I would like to congratulate the Port’s Finance Department for a clean Audit Report. I especially want to thank Director Jeff Smith, CPA, for the changes made and the systems implemented, ensuring the Port is in compliance with State Audit requirements.”

The State Auditor’s Office’s next scheduled audit of the Port of Olympia will be conducted in 2016 and will cover the following general areas for 2015:

Accountability for public resource

Financial statements

Federal programs.

 

 

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