Title
2025 Financial Audit Update
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Receive a briefing on the results of the 2025 financial audit.
Report
Issue:
Whether to receive a briefing on the results of the 2025 financial audit.
Staff Contact:
Kensey Wang, General Accounting Manager, Finance, 360.75.8435
Presenter(s):
Kensey Wang, General Accounting Manager
Background and Analysis:
The Office of the Washington State Auditor recently completed its financial audit of the City’s Annual Comprehensive Financial Report (ACFR) and issued its audit report. The purpose of this agenda item is for Finance Department staff to brief the Finance Committee on the audit results, including the auditor’s findings and conclusions.
Climate Analysis:
This agenda item is expected to result in no impact to greenhouse gas emissions.
Equity Analysis:
This agenda item is not expected to further impact known disparities in our community.
Neighborhood/Community Interests (if known):
Members of the community may have an interest in this agenda item as it deals with City finances and fiscal governance.
Financial Impact:
There is no financial impact resulting from this briefing.
Options:
1. Receive a briefing on the results of the 2025 financial audit.
2. Do not receive a briefing on the results of the 2025 financial audit.
3. Receive a briefing on the results of the 2025 financial audit.
Attachments:
None