Public Utility District No. 1 of Whatcom County is pleased to announce that another clean Accountability and Financial Statement Audit has been issued by the Washington State Auditor’s Office.
This is the 13th year in a row of “clean” audits for the District. Calendar years 2017 and 2018 were covered in the recent audit. These were two years of operations and facility maintenance, and capital infrastructure activity for the District.
Every two years, State Auditors carefully review the PUD’s financial records in a Financial Audit and the compliance and adequate safeguarding of public resources from fraud, loss or abuse in an Accountability Audit. The Accountability Audit focused on self-insurance for unemployment compensation, procurement of professional services, and payroll, including commissioner compensation, leave balances and accruals, and hiring procedures. The audit underscores the dedication by District staff of performing ever-challenging tasks while adhering to state and District policies and procedures. Overall, the PUD received no audit findings and no management letter items.
Finance Director Annette Smith said, “It takes a team effort to successfully pass an audit. By continuing to follow policies in place and being vigilant, we are well placed to continue our history of providing service to our community and customers with transparent processes and integrity.”
The Washington State Auditor has published Whatcom PUD’s audit on its website www.sao.org or is available on this website under Washington State Auditor’s Reports by clicking on the link here: Financial Documents