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The State has undertaken a number of different initiatives, including Civil Service Reform, Roadmap for Financial and Administrative Policies, Processes and Systems, and Priorities of Government to improve management systems, streamline business processes and policies, and strengthen service delivery and accountability both within state agencies and across state government. These initiatives have all indicated a need to reassess the State's current chart of accounts. The Chart of Accounts review project was chartered in October, 2004, to recommend a new statewide chart of accounts that will meet the financial accountability, decision support, and GAAP reporting needs of the State of Washington. This project focuses on understanding the strengths and weaknesses of the current chart of accounts and developing recommendations for a chart of accounts that satisfies GAAP, budgetary, and management decision support requirements. Emphasis will be placed on determining: who the users of the chart of accounts are, how they use the chart of accounts, what their current as well as future needs and expectations are, benefits and consequences of an enterprise chart of accounts, and how the chart of accounts can facilitate Priorities of Government accountability.
For more information about the Chart of Accounts Project, please contact Debbie Hoxit, OFM, at (360) 902-0582, or members of the Project Team. Team Members—
Virtual Project Team Members— NOTE: |