Audits of the city of Port Townsend’s financial statements and accountability recently showed the city is operating in compliance with auditing standards.
In the accountability audit, the city of Port Townsend — which employed approximately 130 people in 2019 and brought in $31.8 million in operating revenue — was found to be in compliance with all applicable state laws, regulations, and its own policies and provides adequate controls over the safeguarding of public resources.
Outside of the city’s finances, the accountability audit focused on several key areas:
• Compliance with the terms of the Fort Worden Public Development Authority interlocal agreement;
• Procurement;
• Accounts payable;
• Financial condition; and
• Self insurance for unemployment.
For more information on the city of Port Townsend’s audit reports, visit https://ift.tt/33a2tyJ.
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April 30, 2021 at 11:57PM
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Port Townsend receives clean audit results from State Auditor's Office - Port Townsend Leader
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