State law requires that cities with populations of 25,000 or more publish financial statements that conform to generally accepted accounting principles (GAAP) and are audited in accordance with generally accepted auditing standards by the Washington State Auditor’s Office (SAO) under the Revised Code of Washington (RCW) 43.09.020. Pursuant to that requirement, we issue the City of Vancouver Annual Comprehensive Financial Report (ACFR) for each fiscal year end.
Annual Comprehensive Financial Reports (ACFR)
- 2000 uses pre-GASB 34 implementation method
- 2001 and later follow GASB 34 requirements
The City of Vancouver undergoes annual audits of our financial records as well as our compliance with state laws and regulations, our own policies and procedures, and management’s accountability for public resources. We also undergo audits of certain federal funds received throughout the year, referred to as a Federal Single Audit. These audits are conducted pursuant to state law by the Washington State Auditor’s Office (SAO).
Additionally, the City is subject to performance audits. Washington voters approved Initiative 900 in November 2005, giving the SAO the funding and authority to conduct independent performance audits of state and local government entities on behalf of community members. The initiative directs SAO to address certain elements within each audit, with the underlying objectives being the promotion of accountability and cost-effective uses of public resources.
The City of Vancouver is committed to accountability and compliance with the laws and regulations surrounding the efficient and effective operation of the programs we administer. We’re proud of our performance throughout the various audits and committed to continued process improvements that will increase our effectiveness and efficiencies.
Audit reports issued after 2014 are available on the State Auditor’s website.