|| October 14, 2008
|| Steve Bauer, Chair
Board of KItsap County Commissioners
Kitsap County Receives Clean Audit Opinions from the
(Port Orchard, WA) – Kitsap County Commissioner Steve Bauer announced today that the County has received an unqualified (clean) opinion for both the presentation of the Comprehensive Annual Financial Report (CAFR) and for the Report on Financial Statements and Federal Single Audit Compliance from the Washington State Auditor.
Additionally, the State Auditor's Office did not identify any Significant Deficiencies or Material Weaknesses related to internal controls over financial reporting or federal awards. For 2007, Kitsap County was one of only eight counties (39 total) statewide to achieve this distinction.
“I applaud Walt Washington and his dedicated staff for their continued efforts to strengthen internal controls and produce high quality financial statements. With the new national auditing standards implemented over the past two years, it is much more difficult to receive these clean audit opinions with no weaknesses reported,” said Commissioner Bauer.
Kitsap also requests additional testing by the State Auditor’s office in order to provide the county with an audit opinion on its CAFR. This opinion is a critical part of the county’s CAFR Report, which is then submitted to the Government Finance Officers Association (GFOA) to be tested as part of GFOA’s Certificate of Achievement in Financial Reporting program.
“Given the current financial climate, it is more important than ever for the county to receive the Certificate of Achievement in Financial Reporting distinction. It enables us to receive the highest possible rating for the county’s general obligation bonds, and is a reflection of sound financial management,” added Bauer.
View the complete report at:
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