The city of Tenino has received a clean audit on its financial condition, a first in several years, according to city officials.
During the Tenino City Council meeting last week, city clerk and treasurer Erika Stancil said the financial condition of the city has improved and things are moving in the right direction.
“We had no findings this time, which is a first in, like, three years. That’s a big deal,” she said. “The city has done a really good job at managing the budget and spending within our means while at the same time getting money into the reserves.”
According to the report completed by the state Auditor’s Office for the 2014 year, the city complied with requirements and provided adequate safeguarding of public resources. The audit did state, however, that the office communicated with city management on issues related to cost allocation and the police department.
Stancil said the city needs to come up with a better system for inventory and asset tracking. The auditor’s office also asked the city to put in place a cost-allocation plan.
In 2013, an audit showed one finding, stating “the city’s financial conditions puts it at risk of not being able to meet financial obligations and maintain current service levels.”
Stancil said if there are no findings for 2015, Tenino will have to undergo an audit only every two years, rather than on an annual basis.