Financial Reports | City of Mill Creek

State Auditor's Office

Each year, the State Auditor's Office (SAO) performs thousands of audits providing an objective examination of the finances and operations of state agencies and local governments, which include cities, counties, school districts, special purpose districts and more. Audit report types vary depending on program and purpose.

The following link redirects from the City of Mill Creek website to a third-party site. The third-party site has information relating to the information on the City of Mill Creek website. The City of Mill Creek is not responsible for the management or the availability of the third-party site.

State Auditor's Office Website

City Financial Reports

The City reports financial activity in accordance with the Cash Basis Budgeting, Accounting and Reporting System (BARS) Manual prescribed by the State Auditor’s Office under the authority of Washington State law, Chapter 43.09 RCW. This manual prescribes a financial reporting framework that differs from generally accepted accounting principles (GAAP) in the following manner:

Financial transactions are recognized on a cash basis of accounting as described below.
Component units are required to be disclosed, but are not included in the financial statements.
Government-wide statements, as defined in GAAP, are not presented.
All funds are presented, rather than a focus on major funds.
The Schedule of Liabilities is required to be presented with the financial statements as supplementary information.
Supplementary information required by GAAP is not presented.
Ending balances are presented using classifications that are similar to the ending balance classification in GAAP.

In accordance with RCW 43.09.230, the City's annual financial report shall be prepared, certified and filed with the state auditor within one hundred fifty days after the close of each fiscal year. The audit of the annual financial report is conducted by the Office of the Washington State Auditor in addition to other engagements defined below.

To access the audited reports, please click the link below:

Audit Reports

Audit Definitions

Accountability audits

Assess whether public funds and assets are protected and accounted for, and governments are following applicable laws, regulations and their own policies.

Financial audits

Provide an independent audit opinion on whether state and local government financial reports are accurate and complete.

Federal audits

Verify federal money is spent according to the laws that govern each federal program.

Performance audits

Evaluate the efficiency and effectiveness of government processes and programs with the goal of making them work better.

Assessment audits

Perform a limited-scope review of small local government finances.

Special engagements

Provide assurance about a government's compliance with specific laws or requirements.

Attestation engagements

Provide varying levels of assurance regarding a broad range of financial and nonfinancial subject matter. This category includes Energy Independence Act compliance examinations.

Annual Comprehensive Financial Reports (ACFRs)

Provide an independent audit opinion on the government's financial statements as well as assurance or disclaimers on additional supplementary and other information, for inclusion in financial reporting packages issued under a government's own cover. These reports are in addition to the regular financial audit reports published on the SAO website.

Fraud

Investigate the alleged loss of public funds or other potentially illegal activity.

Whistleblower

Investigate State employee allegations of improper governmental actions.

Contracted Certified Public Accountant (CPA)

Evaluate contracted CPA firms' qualifications and audit work to determine whether to accept their financial or federal audits of local governments in place of audits performed by SAO.

Unauditable government reports

Report on governments deemed “unauditable” because their financial records are not available for audit.