Spokane Conservation District

Washington State Auditor’s Office

Financial Statements Audit Report

Spokane Conservation District Spokane County

Audit Period January 1, 2011 through December 31, 2011

Report No. 1009199

Issue Date February 25, 2013

February 25, 2013 Board of Supervisors Spokane Conservation District Spokane, Washington Report on Financial Statements Please find attached our report on the Spokane Conservation District’s financial statements. We are issuing this report in order to provide information on the District’s financial condition. Sincerely,

TROY KELLEY STATE AUDITOR

Washington State Auditor Troy Kelley

Insurance Building, P.O. Box 40021 Olympia, Washington 98504-0021 (360) 902-0370 TDD Relay (800) 833-6388

Table of Contents

Spokane Conservation District

Spokane County January 1, 2011 through December 31, 2011

Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters in Accordance with Government Auditing Standards ................. 1

Independent Auditor’s Report on Financial Statements .............................................................. 3

Financial Section ........................................................................................................................ 5

Independent Auditor’s Report on Internal

Control over Financial Reporting and on

Compliance and Other Matters in Accordance

with Government Auditing Standards



Board of Supervisors Spokane Conservation District Spokane, Washington We have audited the financial statements of the Spokane Conservation District, Spokane County, Washington, as of and for the year ended December 31, 2011, and have issued our report thereon dated February 6, 2013. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. INTERNAL CONTROL OVER FINANCIAL REPORTING In planning and performing our audit, we considered the District’s internal control over financial reporting as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control over financial reporting. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the District's financial statements will not be prevented, or detected and corrected on a timely basis. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and would not necessarily identify all deficiencies in internal control that might be deficiencies, significant deficiencies or material weaknesses. We did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses, as defined above.

___________________________________________________________________________________________________ Washington State Auditor's Office

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COMPLIANCE AND OTHER MATTERS As part of obtaining reasonable assurance about whether the District’s financial statements are free of material misstatement, we performed tests of the District’s compliance with certain provisions of laws, regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. This report is intended for the information and use of management and the Board of Supervisors. However, this report is a matter of public record and its distribution is not limited. It also serves to disseminate information to the public as a reporting tool to help citizens assess government operations.

TROY KELLEY STATE AUDITOR February 6, 2013


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Independent Auditor’s Report on Financial

Statements

Spokane Conservation District Spokane County

January 1, 2011 through December 31, 2011 Board of Supervisors Spokane Conservation District Spokane, Washington We have audited the accompanying financial statements of the Spokane Conservation District, Spokane County, Washington, for the year ended December 31, 2011. These financial statements are the responsibility of the District’s management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. As described in Note 1 to the financial statements, the District prepares its financial statements on the basis of accounting that demonstrates compliance with Washington State statutes and the Budgeting, Accounting and Reporting System (BARS) manual prescribed by the State Auditor, which is a comprehensive basis of accounting other than generally accepted accounting principles. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position and results of operations of the Spokane Conservation District, for the year ended December 31, 2011, on the basis of accounting described in Note 1. In accordance with Government Auditing Standards, we have also issued our report on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit. Our audit was performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying Schedule of Liabilities is presented for purposes of additional


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analysis as required by the prescribed BARS manual. This schedule is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements taken as a whole. The report is intended for the information and use of the management and the Board of Supervisors of the District. However, this report is a matter of public record and its distribution is not limited. It also serves to disseminate information to the public as a reporting tool to help citizens assess government operations.

TROY KELLEY STATE AUDITOR February 6, 2013


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Financial Section



FINANCIAL STATEMENTS

Fund Resources and Uses Arising from Cash Transactions – 2011 Notes to Financial Statements – 2011

SUPPLEMENTARY INFORMATION

Schedule of Liabilities – 2011


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Spokane Conservation DistrictMCAG #: 0669 STATEMENT C-4

FUND RESOURCES AND USES ARISING FROM CASH TRANSACTIONSFor Year Ending: December 31, 2011 1 Of 1

Total For All Funds

001 - GENERAL FUNDBARS

CODETotal Amount Actual Amount Actual Amount

Beginning Cash and Investments:308.10 Reserved 0.00 0.00 0.00308.80 Unreserved 2,768,089.63 2,768,089.63 0.00

Prior Period Adjustments (388.80 or 588.80) 0.00 0.00 0.00Revenues and Other Sources:

310 Taxes 0.00 0.00 0.00320 Licenses and Permits 0.00 0.00 0.00330 Intergovernmental 857,627.27 857,627.27 0.00340 Charges for Goods and Services 115,267.72 115,267.72 0.00350 Fines and Penalties 0.00 0.00 0.00360 Miscellaneous 1,354,544.00 1,354,544.00 0.00370 Capital Contributions 0.00 0.00 0.00390 Other Financing Sources 7,653.96 7,653.96 0.00

Total Revenues and Other Financing Sources 2,335,092.95 2,335,092.95 0.00

Total Resources 5,103,182.58 5,103,182.58 0.00

Operating Expenditures510 General Government 0.00 0.00 0.00520 Public Safety 0.00 0.00 0.00530 Physical Environment 2,306,952.64 2,306,952.64 0.00540 Transportation 0.00 0.00 0.00550 Economic Environment 0.00 0.00 0.00560 Mental and Physical Health 0.00 0.00 0.00570 Culture and Recreational 0.00 0.00 0.00

Total Operating Expenditures 2,306,952.64 2,306,952.64 0.00591-593 Debt Service 720,008.35 720,008.35 0.00594-595 Capital Outlay 9,864.09 9,864.09 0.00

Total Expenditures 3,036,825.08 3,036,825.08 0.00597-599 Other Financing Uses 0.00 0.00 0.00

Total Expenditures and Other Financing Uses 3,036,825.08 3,036,825.08 0.00

Excess (Deficit) of Resources Over Uses 2,066,357.50 2,066,357.50 0.00380 Nonrevenues (Except 384) 2,474,796.07 2,474,796.07 0.00580 Nonexpenditures (Except 584) 1,789,190.20 1,789,190.20 0.00

Ending Cash and Investments:508.10 Reserved 0.00 0.00 0.00

508.80 Unreserved 2,751,963.37 2,751,963.37 0.00

The accompanying notes are an integral part of this Statement


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Spokane Conservation District Notes to Financial Statements

For Year Ending December 31, 2011 NOTE 1 SUMMARY OF ACCOUNTING POLICIES The Spokane County Conservation District (SCD) reports financial activity using the revenue and expenditure classifications, statements, and schedules contained in the Cash Basis Budgeting, Accounting and Reporting System (BARS) manual. This basis of accounting and reporting is another comprehensive basis of accounting (OCBOA) that is prescribed by the State Auditor’s Office under the authority of Washington State law, Chapter 43.09 RCW.

a. Reporting Entity The Spokane Conservation District was established on 11/11/73 and operates under the laws of the state of Washington applicable to a Conservation District. Spokane Conservation District is a special purpose government and provides conservation assistance to the general public and is supported primarily through user charges, grant funds, and a county assessment authorized under RCW 89.08. b. Basis of Accounting The Spokane Conservation District (SCD) reports financial activity using the renevue and expenditure classifications, statements, and schedules contained in the Cash Basis Budgeting, Accounting and Reporting System (BARS) manual. This basis of accounting and reporting is another comprehensive basis of accounting (OCBOA) that is prescribed by the State Auditor’s Office under the authority of Washington State Law, Chapter 43.09 RCW. The accounts of the District are maintained on the basis of Funds. For reporting purposes, the activities of all the District’s funds are combined. Spokane Conservation District uses cash basis accounting where revenues are received are recognized only when received, and expenses are recognized when paid. Purchases of capital assets are expensed during the year of acquisition. There is no capitalization of capital assets, nor allocation of depreciation expense. Inventory is expensed when purchased. This method of accounting represents a comprehensive basis of accounting other than those generally accepted in the United States of America. The WA State Auditor’s office (RCW 43.09.20) prescribes a chart of accounts and procedures for all conservation districts. Conservation districts, including SCD, follow single-entry accounting and cash-basis reporting procedures which is a departure from Generally Accepted Accounting Principles (GAAP). However, single-entry accounting requires full compliance with all legal requirements. Fund accounting is used internally as a management tool but subsequently rolled into one General Fund which accounts for all financial resources of SCD. The activity of the General Fund is reported annually to the WA State Auditor’s Office. No proprietary or fiduciary funds are authorized for use by conservation districts as this time. c. Cash

It is the policy of the Spokane Conservation District to invest all temporary cash surpluses. The amount is included on the statement of resources and uses arising from cash transactions as net cash and investments. The interest on these accounts is recorded in the General Fund. Market conditions over the last three years, including 2011, resulted in decreased interest revenue. d. Deposits The District’s deposits are covered by the Federal Deposit Insurance Corporation and/or the Washington Public Deposit Protection Commission. SCD continued to use American West Bank as their financial institution in 2011. Deposits were made into a general checking account up to $250,000, then transferred to a SWEEP account providing maximum financial protection at the highest possible interest rate. At the end of 2011, SCD closed the general checking and SWEEP


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account at AWB and moved to Bank of Fairfield. Two accounts were opened at Bank of Fairfield, a general checking, non-interest bearing and an MMA, interest bearing account. Additional funds were held at the Bank of Whitman in a separate money market account. In March of 2011, Columbia Bank took over Whitman Bank. e. Capital Assets Major expenditures for capital assets, including capital leases and major repairs that increase useful lives, are recorded as expenditures when purchased. There is no capitalization of capital assets, nor allocation of depreciation expense. Inventory is expensed when purchased. Maintenance, repairs, and minor renewals are accounted for as expenses when paid. Obligations under capital leases are disclosed on Schedule 09. f. Compensated Absences Annual leave is accrued on a monthly basis at a rate of 8 hours per month for full-time employees and 12 hours per month for employees with more than five years of service. Annual leave balances are payable upon resignation, retirement, or death. The District’s liability for accumulated unused annual leave on December 31, 2011, totaled 2,100 hours with a total buyout of $63,997.04. The balance of compensatory time was 159 hours adding $5,020.66 to the total buyout.

Employees accrue sick leave at the rate of 8 hours per month up to 640 hours. Sick leave can be used for paid time off for the illness of the employee or a dependent. Employees are authorized to donate sick leave to co-workers in hardship cases. Upon resignation, retirement, or death, unused sick leave will be paid at 25 percent of the employee’s final rate of pay. One-quarter of the total accumulated sick leave at year-end 2011 totaled 1268 hours which totals $42,788.12. The Spokane Conservation District’s liability for unused annual leave, compensatory time, and sick leave termination benefits as of December 31, 2011 totaled $111,805.82. SCD’s executive director retired in December 2011, requiring a payout of leave totaling $10,294.43. . g. Long-Term Debt - See note 5. h. Other Financing Sources and Uses The WA Department of Ecology has the sole responsibility for the management of the Washington State Water Pollution Revolving Fund (SRF). The WA DOE SRF program is nationally recognized for its integrated business practices and high degree of accountability and sound management. In 1997, Spokane Conservation District applied for its first loan under the SRF program for the purpose of offering low-interest loans to producers. Since then, eight additional loans have been negotiated between SCCD and WA Department of Ecology. The ninth contract was awarded in 2011, but contract terms were not finalized during the year. SCD’s SRF program was designed to minimize financial risk to the District. Funds borrowed from DOE are put on a repayment schedule from 15 to 20 years, and the funds loaned out by SCD are on five, seven or ten-year payback contracts. In 2011, there were five loans on repayments schedules with WA DOE and are considered long-term debt and are included on Schedule 09. Payments made to WA DOE coded in BARS as 591-XX-XX, indicating a redemption of long-term debt for governmental funds only. i. Risk Management Spokane Conservation District is a member of Enduris. Chapter 48.62 RCW authorizes the governing body of any one or more governmental entity to form together into or join a pool or organization for the joint purchasing of insurance, and/or joint self-insuring, and/or joint hiring or contracting for risk management services to the same extent that they may individually purchase insurance, self-insure, or hire or contract for risk management services. An agreement to form a pooling arrangement was made pursuant to the provisions of Chapter 39.34 RCW, the Interlocal Cooperation Act. Enduris was formed July 10, 1987, when two (2) counties and two (2) cities in the State of Washington joined together by signing an Interlocal Governmental Agreement to pool their self-insured losses and jointly purchase insurance and administrative services. As of August 31, 2011, there are 468 Enduris members representing a broad range of special purpose districts. Enduris allows members to jointly purchase excess insurance coverage, share in the self-insured retention, establish a plan for total self-insurance, and provide excellent risk management services and other related


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services. Enduris provides “occurrence” policies for all lines of liability coverage including Public Official’s Liability. The Property coverage is written on an “all risk” basis blanket form using current Statement of Values. The Property coverage includes mobile equipment, electronic data processing equipment, valuable papers, building ordinance coverage, property in transit, extra expense, consequential loss, accounts receivable, fine arts, inventory or appraisal cost, automobile physical damage to insured vehicles. Boiler and machinery coverage is included on a blanket limit of $100 million for all members. Enduris offers employee dishonesty coverage up to a liability limit of $1,000,000. Members make an annual contribution to fund Enduris. Enduris acquires insurance from unrelated insurance companies that is subject to a “per occurrence”: $1,000,000 deductible on liability loss - the member is responsible for the first $1,000 of the deductible amount of each claim, while Enduris is responsible for the remaining $999,000 on liability loss; $250,000 deductible on property loss - the member is responsible for the first $1,000 of the deductible amount of each claim, while Enduris is responsible for the remaining $249,000 on property loss. Enduris is responsible for the $4,000 deductible on boiler and machinery loss. Insurance carriers cover all losses over the deductibles as shown to the policy maximum limits. Since Enduris is a cooperative program, there is a joint liability among the participating members. The contract requires members to continue membership for a period of not less than one (1) year and must give notice 60 days before terminating participation. The Master Agreement (Intergovernmental Contract) is automatically renewed after the initial one (1) full fiscal year commitment. Even after termination, a member is still responsible for contribution to Enduris for any unresolved, unreported and in-process claims for the period they were a signatory to the Master Agreement. Enduris is fully funded by its member participants. Claims are filed by members with Enduris and are administered in house. A Board of Directors consisting of seven (7) board members governs Enduris. Its members elect the Board and the positions are filled on a rotating basis. The Board meets quarterly and is responsible for conducting the business affairs of Enduris.Vicki Carter, Operations Director for Spokane Conservation District currently serves as a member of the Board of Directors for Enduris. She has served on the Board since January 2001 and has submitted application for another 3-year term. j. Investments - See Note 3.

NOTE 2 COMPLIANCE AND ACCOUNTABILITY

The Spokane Conservation District participates in an annual audit by the WA SAO as well as an annual internal audit. Schedule 22 Audit Assessment was prepared for 2011 and included as part of this report. The 2010 Accountability Audit and Financial Statement Audit were completed in November 2011. Results were shared with the Board in an exit conference held in December 2011. There have been in no material violations of finance-related legal or contractual provisions. There were also no expenditures exceeding legal appropriations of the Spokane Conservation District.

NOTE 3 INVESTMENTS Spokane Conservation District’s investments are either insured, registered or held by the District or its agent in Spokane Conservation District’s name. As required by State law, all deposits and investments of the District’s funds are obligations of the U.S. Government. The Spokane Conservation District deposits and certificates of deposit are covered by the FDIC and/or the Washington Public Deposit Protection Commission. SCD funds were deposited into American West Bank or the Bank of Whitman/Columbia Bank. Reserves were moved into the AWB SWEEP account and the Bank of Whitman Money Market account. The SWEEP account works in conjunction with the SCD regular checking account in that it keeps a daily balance in the checking account of $250,000, which is protected. Deposits and withdrawals occur on an as needed basis to insure the account is adequately funded.


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In November 2011 by Board action, funds were deposited in the Bank of Fairfield establishing a new general checking account and MMA. The initial deposit was $650,000. The accounts will be used beginning in January 2012 as the SCD’s primary financial institution. The American West Bank checking and SWEEP account were closed in December 2011. Investments are reported at fair-market value. Investments by type on December 31, 2011 are as follows: Type of Investment Balance Regular Checking - 58119884 $ 168,873.00 FCAAP DRG – 1090 $ 21,974.00 Argonne Mitigation - 1087 $ 92,352.00 NW Pipeline - 1086 $ 61,224.00 SWEEP Acct – AWB -1091 $ 164,019.00 Bank of Fairfield Checking/MMA $ 650,282.00 Bank of Whitman – MMA - 1574086 $1,593,240.00 Total $2,751,964.00 NOTE 4 ASSESSMENTS Special assessments are authorized by RCW 89.08.400 to be imposed for conservation Districts. Activities and programs to conserve natural resources, including soil and water, are of special benefit to lands and may be used as the basis upon which special assessments are imposed.

A special assessment to finance conservation programs of the District was reauthorized for 2005–2014 under Resolution No. 4-1038. The assessment amount was set at $5.00 per parcel or $.10 per acre for agricultural land and $.05 per acre for undeveloped land. Collection of the 2011 City and County of Spokane assessment totaled $960,093.39. The Town of Millwood assessment totaled $4,355 for 2011. The State of Washington Department of Natural Resources is assessed $.05 per acre for undeveloped land including forested areas and was assessed $1,378 in 2011. NOTE 5 LONG-TERM DEBT Reference Schedule 09 for General Obligation Debt and Liabilities which provides a listing of the outstanding debt of the Spokane Conservation District. The table below describes Other Debt as it relates to the WA DOE SRF loans which are also disclosed on Schedule 16. This table shows the total amount owed, including principal and interest, on an annual basis and through the completion of the loan contract and includes loans L00-03, L02-25, L04-27, L06-17 and L07-20. Calculations were based off the bi-annual payments made or owed to WA DOE through the contract. In 2011, only one payment was due on the L07-20 loan, thus reducing the amount owed by $137,631.32. Years 2012-2015 indicate all five loans with bi-annual payments. Years 2016-20 show a culmination of all five loan payments over a five year period. This amount changes in 2021 due to L00-03 and L02-25 both terminating. Years 2027-30 indicate the culmination of payments for L04-27, L06-17 and L07-20. The total is the amount that will have been to WA Department of Ecology through year 2030 including principle and interest. Year End G.O.

DEBT

REVENUE

DEBT

OTHER DEBT

2011 $706,395.00 2012 $845,627.00 2013 $847,228.00 2014 $847,228.00 2015 $847,228.00 2016-20 $4,236,141.00 2021-25 $2,768,700.00 2026-30 $1,970,886.00 2031 3,202.00 TOTAL $0 $0 13,072,635.00


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The Schedule 09 summarizes the debt transactions for 2011 and includes the principle debt service payment for 2011 and the ending loan balance represents future payment obligations. The SCD compensated absences indicate an increase in debt obligation for the period ending December 31, 2011. A payout of $10,294.43 was made upon the retirement of the Executive Director. The Executive Director’s annual leave was paid out for 66.5 hours and 160 hours of sick leave which represents 25 percent of the available balance capped at 640 hours. The six loans are part of the SRF loan program and issued through the WA Department of Ecology. The beginning balance is the amount carried forward from 2010 after all payments were made. Loan 090005 did not have a payment obligation due in 2011, therefore, carrying the same balance to year-end. WA DOE SRF Loans

The WA DOE SRF loan activity for 2011 is reported on Schedule 16 State and Local Financial Assistance and represents funds that were loaned to producers. The amounts listed on the Schedule 09 represent the amount of the balance owed to WA Department of Ecology along with the payments made during the year. Typically, two payments are made during the calendar year and the balances do not include interest paid to WA DOE. The funds received by The WA Department of Ecology did not include any Federal funding through the Environmental Protection Agency. L070020 was completely loaned out in 2010 and an amortization schedule has been established with the first payment made in October 2011. In 2010, two loans were made against L090005 totaling $45,375, leaving the unused balance in the WA DOE loan of $4,954,625. The amortization schedule was issued on December 31, 2011 with an initial payment due December 31, 2012. It is likely this loan will be paid off prior to year end 2012 and the remaining balance of the loan will be cancelled. NOTE 6 PENSION PLANS

Substantially all SCD regular full-time and qualifying part-time employees participate in PERS 1, PERS 2, and PERS 3 plans administered by the Washington State Department of Retirement Systems, under cost-sharing multiple-employer public employee defined benefit and defined contribution retirement plans. Actuarial information is on a system -wide basis and is not considered pertinent to the financial statements. Contributions to the systems by both employee and employer are based upon gross wages covered by plan benefits.

Historical trend or other information regarding each plan is presented in the Washington State Department of Retirement Systems annual financial report. A copy of this report may be obtained by writing to:

Department of Retirement Systems Communications Unit

P O Box 48380 Olympia, WA 98504-8380

NOTE 7 OTHER DISCLOSURES In accordance with RCW 39.34, the Spokane Conservation District into agreement with Spokane County for the purpose of providing administration and facilitation to the WRIA 55/57 workgroup. Agreement #10-0569 was established for July 1, 2010 through June 30, 2011. All obligations were fulfilled and the project period was extended with a new contract from July 1, 2011 through June 30, 2012. In accordance with RCW 39.34, the Spokane Conservation District entered into agreement with WA Department of Natural Resources for the purpose of doing a tree inventory and related management plans. The agreement was signed in June 2010 and expired December 31, 2011. The SCD Executive Director retired on December 5, 2011, after 20 years of service. The buyout of unused annual and sick leave totaled $10,294 in gross wages. This transaction is included on the Schedule 09 under compensated absences.


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MCAG No. 0669 Schedule 09


Schedule of Liabilities

For the year ended December 31, 2011

ID No. Description Beginning

Balance

Additions Reductions BARS Code Ending

Balance

259.11 Compensated Absences

$90,091.00 $21,715.00 531-11-10-01 $111,806.00

263.5 Copier/Lease Agmt $2850.00 $2850.00 531-11-31-10 $0.00

263.81 WA SRF Loan#L0000003

$882,551.00 $0 $78,213.00 591-18-78-25 $804,338.00

263.81 WA SRF Loan #L02000025

$2,670,972.00 $0 $225,082.00 591-18-78-32 $2,445,890.00

263.81 WA SRF Loan #L0400027

$1,881,050.00 $0 $93,713.00 591-18-78-26 $1,787,337.00

263.81 WA SRF Loan #L0600017

$1,424,514.00 $0 $69,461.00 591-18-78-28 $1,355,053.00

263.81 WA SRF Loan #L0700020

$4,148,953.00 $0 $137,631.00 591-18-78-34 $4,011,322.00

263.81 WA SRF Loan #L090005

$45,375.00 $0 $0 Not Assigned $45,375.00

TOTAL $11,143,506.00 $21,715.00 $604,100.00 $10,561,121.00

The accompanying notes are an integral part of this schedule.


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ABOUT THE STATE AUDITOR'S OFFICE The State Auditor's Office is established in the state's Constitution and is part of the executive branch of state government. The State Auditor is elected by the citizens of Washington and serves four-year terms. Our mission is to work with our audit clients and citizens as an advocate for government accountability. As an elected agency, the State Auditor's Office has the independence necessary to objectively perform audits and investigations. Our audits are designed to comply with professional standards as well as to satisfy the requirements of federal, state, and local laws. The State Auditor's Office employees are located around the state to deliver services effectively and efficiently. Our audits look at financial information and compliance with state, federal and local laws on the part of all local governments, including schools, and all state agencies, including institutions of higher education. In addition, we conduct performance audits of state agencies and local governments and fraud, whistleblower and citizen hotline investigations. The results of our work are widely distributed through a variety of reports, which are available on our Web site and through our free, electronic subscription service. We take our role as partners in accountability seriously. We provide training and technical assistance to governments and have an extensive quality assurance program. State Auditor Troy Kelley Chief of Staff Doug Cochran Director of State and Local Audit Chuck Pfeil, CPA Director of Performance Audit Larisa Benson Deputy Director of State and Local Audit Kelly Collins, CPA Deputy Director of State and Local Audit Jan M. Jutte, CPA, CGFM Deputy Director of Quality Assurance Barb Hinton Local Government Liaison Mike Murphy Public Records Officer Mary Leider Main number (360) 902-0370 Toll-free Citizen Hotline (866) 902-3900 Website www.sao.wa.gov Subscription Service https://www.sao.wa.gov/EN/News/Subscriptions

Documents

Spokane Conservation District