Washington state auditors have given the Port of Bellingham’s 2012 finances a clean bill of health.
Port officials announced Sept. 12 that auditors have completed a recent review of the agency’s financial management of its $45 million budget, and found no problems or areas of concern.
Auditors look at the port’s records every year, focusing on different priorities each round. In this most recent review, auditors concentrated on the port’s bid and contract compliance, as well as internal controls on public-asset protection; the port’s record keeping, reporting and compliance with grants from the Federal Aviation Administration; and the port’s oversight and use of FAA “passenger facility charge” funds.
If auditors find problems during their review process, they have several options: issue a finding (for high-concern items), management letters or exit conference discussion items.
Copies of the Washington State Auditor’s report on the Port of Bellingham can be reviewed online at www.sao.wa.gov.