State audit prompts changes to city finances
October 16, 2012
State auditors chided Issaquah officials for inadequate financial oversight, but also praised the city for correcting problems, in a routine financial audit released Sept. 26.
Auditors examined municipal finances for 2011 and discovered officials lacked adequate internal controls in place to ensure accurate accounting and timely financial reporting.
The problem arose from staff turnover in key financial positions and, as a result, the city did not have sufficient controls in place and could not prepare financial statements on time.
City officials acknowledged the finding, and hired staffers for the positions affected by turnover, and changed policies to increase accountability and transparency.
The team from the state Auditor’s Office said the changes adequately addressed the concerns uncovered in the audit.