Lake Whatcom Water and Sewer District earns a result of no findings for 2018-2019
This week, Lake Whatcom Water and Sewer District earned a clean audit from the Washington State Auditor’s office for the fiscal years 2018 and 2019. The Office of the Washington State Auditor examined payroll and accounts receivable records for the period from January 1, 2018 through December 31, 2019. These areas represent the highest risk of fraud, loss, abuse, or noncompliance.
Audits performed by the State Auditor’s Office aim to hold state and local governments accountable for the use of public resources and look at financial information and compliance with state, federal, and local laws. The purpose of the audit was to report on the District’s accountability over the use of public funds, financial statements, and internal controls.
On May 19, the Office of the Washington State Auditor informed the District’s Board of Commissioners and management that there were no findings or reportable recommendations. The Auditor’s opinion supports the Districts fair presentation of cash and investments in its financial reporting.
District Finance Manager Debi Denton noted that staff’s commitment to following District policy and State law played a large part in the findings.
“District staff take the responsibility for assuring compliance with regulations seriously, and work hard to meet their duty to the community in the course of handling public funds,” she said. “The knowledge and integrity our employees show on a daily basis provide the foundation for continued positive audit results.”
The 2018-19 audit results mark the District’s 14th consecutive year with no findings during the audit process.
To see the state audit reports and other financial information, click here.