The Annual Comprehensive Financial Report is a thorough and detailed presentation of the state's financial condition. It reports on the state's activities and balances for each fiscal year.
The primary role of Statewide Accounting is to issue statewide financial and administrative policies, provide financial consulting, monitoring, training services, and produce statewide reports. Statewide Accounting is responsible for fiscal year closing and supplemental reporting disclosures.
The Financial Management Advisory Council (FMAC) serves in an advisory and consultative role to the Office of Financial Management, the state legislature, and other appropriate parties concerned with state government fiscal administration.
In October 2011, the State Auditor’s Office (SAO) released their audit report on state grants. Based on the results of the audit, SAO recommended that the Office of Financial Management (OFM) develop a clear definition of state grants and provide guidance on grants management to help ensure consistency across state agencies.
Transparency is fundamental to accountability. Most states, including Washington, have transparency websites. Washington's transparency website (fiscal.wa.gov) is a collaborative effort between the Office of Financial Management and the Legislative Evaluation and Accountability Program Committee.
Use the box below to search for policies in the State Administrative & Accounting Manual (SAAM) containing specific words or combinations of words.
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Open the PDF version of the SAAM to search SAAM policies using a keyword or phrase. In the file, activate the "Search" tool using the keyboard shortcut Ctrl+Shift+F.