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Port of Kennewick receives another clean audit
State Auditor issues 18th consecutive report with no findings
Kennewick, Wash.—The Port of Kennewick financial, accountability and legal compliance audits for January 1, 2010 through December 31, 2012 were conducted by the Washington State Auditor’s Office (SAO). According to Tammy Fine, a Certified Public Accountant (CPA), Certified Fraud Examiner (CFE) and the port’s chief financial officer, this marks the 18th consecutive year the Port of Kennewick has received no audit findings (a finding indicates material deficiencies within the organization). Ms. Fine stated, “Eighteen years of consecutively clean audits is an outstanding record. And it’s evidence that the Port of Kennewick works hard to be diligent and transparent in our operations.”
The Port is responsible for ensuring that its financial data, completeness of information, and public disclosures are accurate and in compliance with the Washington State Auditor’s Office Regulatory Budget & Accounting Reporting Manual standards. The State Auditor’s office reviews the Port of Kennewick’s annual financial records and procedures to ensure complete and accurate reporting; that tax dollars are spent properly; there is no misuse of public funds; and that the organization follows state, local, and federal laws, along with its own policies and procedures.
“Here at Port of Kennewick we recognize that we are stewards of the public’s trust and resources, and we strive to uphold the highest level of integrity in all of our operations,” stated Tim Arntzen, Port of Kennewick executive director. “A clean audit is the key to assuring taxpayers that we take these responsibilities seriously, and that taxpayer’ funds are being used to benefit the community.”
In the latest inspection, the State Auditor’s Office reviewed internal controls and performed a detailed audit of selected transactions related to leasing operations; payroll; petty cash; credit cards; travel; general disbursements; employee reimbursements; conflicts of interest; and bid law compliance; procurements; compensation of public officials; gifting of public funds; Open Public Meetings Act; Airport Cost Allocations; and overall presentation of the financial statements. In addition, the audit reviewed the general accounting department revenues and expenditures. And this year, in response to a constituent referral, auditors specifically researched and reviewed port financials related to Vista Field airport including the operations count, cost allocation methodology, operations financing and related costs. Each of the above areas was thoroughly reviewed and was deemed to be properly supported, materially correct, consistent and fair with Federal and State regulatory guidance, policies and methodologies.
According to the SAO, the Port of Kennewick’s records were clean, free from errors, and in compliance with the Washington State Auditor’s Office Regulatory Budget & Accounting Reporting Manual standards. Also, the SAO reported the port’s internal controls were adequate to safeguard public assets; and that the port complied with state laws and regulations and its own policies and procedures in the areas examined.
“The reality is that these days, there seems to be an increasing amount of public distrust in government; thus, these consistently clean audits demonstrate that Port of Kennewick is operating with high ethical standards and being good stewards of public funds and resources,” stated, Ms. Fine.
The SAO’s full report is available online at the Washington State Auditor’s Office.
For More Information Contact:
Tana Bader Inglima
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Telephone (509) 586-8140