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HomeMy WebLinkAboutFIN 2026-03-09 Item 1C - Discussion - 2023-2024 Accountability AuditCity of Tukwila Thomas McLeod, Mayor Marty Wine, City Administrator AGENDA BILL ITEM NO. 1.C. Agenda Item Sponsor Legislative History Recommended Motion 2023/2024 Accountability Audit Megan Marks, Fiscal Manager Finance Department March 9, 2026 ❑x Discussion Only Finance & Governance Committee ❑ Action Requested EXECUTIVE SUMMARY The Washington State Auditor's Office (SAO) recently completed the City's 2023-2024 Accountability Audit. This audit was conducted in addition to the City's Financial and Federal Grant audits and covered a two-year review period. The audit concluded with no findings, although SAO noted a couple of areas to strengthen internal controls in specific areas. DISCUSSION The Washington State Auditor's Office completed the City's Accountability Audit for fiscal years 2023 and 2024. While the Financial Audit and Federal Grant Audit are conducted each year, this Accountability Audit covered a two-year period. The following areas were reviewed: • Self -Insurance • Disbursement — Rental Assistance • Procurement • IT Controls • Disbursements • Payroll — Leave Accruals • Small & Attractive Assets • Financial Condition • Open Public Meetings & Minutes Compliance Overall, the audit results were positive and concluded with no findings. While the audit did not identify any compliance issues, SAO noted that some processes related to Small and Attractive Assets and Purchase Cards could benefit from strengthened internal controls. Finance staff will review these recommendations and consider potential improvements to further strengthen the City's internal controls. 32