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Washington State auditors issue clean opinion for Ocean Shores, clarify GAAP disclosure
Summary
The Washington State Auditor's Office told Ocean Shores officials that it is issuing an unmodified, clean opinion on the city’s 2024 financial statements and found compliance with applicable laws and adequate controls; auditors explained required GAAP disclosure for cash-basis reporting.
The Washington State Auditor's Office reported to Ocean Shores officials that it will issue an unmodified, clean opinion on the city’s 2024 financial statements and found the city’s operations complied in all material respects with applicable state laws, regulations and its own policies, auditors said at a public meeting.
Auditors from the office’s Olympia team said they conducted an accountability audit (01/01/2024–12/31/2024) and a financial-statement audit covering the same period. Jade Chamberlain, a member of the audit team, said the review tested cash receipting in municipal court and utility billing, procurement for professional services and public-works projects, tracking of theft-sensitive assets, compliance with budget-adoption and amendment rules, and required…
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