Richland Public Facilities District receives audit finding
The public agency that runs the Reach center in Richland made some mistakes in financial reporting last year, the state auditor’s office said.
The errors included some missing information, incorrect amounts and wrong classifications. In one example, some transfers between funds were included as revenue and expenses, resulting in an overstatement of operating revenue by about $292,000 and an overstatement of non-operating expenses, according to the auditor’s finding.
Auditor’s officials recommended steps to correct the issues, including training.
In a response, the Richland Public Facilities District has taken the recommended steps and the audit report has been revised to show compliance.
When the audit happened, the district was entering its sixth month of operation and “had not fully completed the transition from a construction project to an operating facility,” and there was staff turnover. But it said work will continue to “assure future financial statement preparation is complete and accurate.”
This story was originally published September 11, 2015 at 7:13 PM with the headline "Richland Public Facilities District receives audit finding."