Port of Everett Marks 26th Consecutive Year of Clean Financial Audits
The Washington State Auditor’s Office has presented another clean audit report to the Port of Everett, marking 26 consecutive years of financial audits with no findings.
Representatives from the State Auditor’s Office (SAO) conducted its annual audit this spring, reviewing the Port’s financial documents, federal reporting, and operational accountability over the period Jan. 1 – Dec. 31, 2022.
“I’m so proud of our Port team who continue to push major economic development initiatives forward fiscally responsibly,” Port of Everett CEO Lisa Lefeber said. “I want to especially thank and recognize our diligent finance team led by CFO Eric Russell and Finance Director Bob Marion whose leadership was instrumental in reaching these milestones.”
The scope of the audit focused on review of the Port’s financial statements to obtain reasonable assurance that they are free from material misstatement, as well as accountability in five primary areas – financial condition, self-insurance, Open Public Meetings Act compliance, cash receipting and the accounts payable process. Additionally, the Port’s federal grant reporting requirements were reviewed for compliance.
The SAO completes its audit review annually to ensure the Port is fiscally accountable and transparent, and that the Port is complying with applicable state and federal laws, regulations and its own policies, while also providing adequate controls in the safeguarding of public resources.
For more information, contact Catherine Soper, Port of Everett Communications & Marketing Director, at catherines@portofeverett.com.
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About the Port of Everett
The Port of Everett is a special-purpose district tasked with economic development. Through its international seaport, public marina and real estate development, the Port of Everett brings jobs, an increased tax base, business and tourism to our community and region. The Port is a committed steward of the environment and waterfront. Port activities support nearly 40,000 jobs in the region and contribute approximately $433 million in state and local taxes.