The Washington State Auditors Office has released the findings of its most recent audit of City of Mountlake Terrace finances, and — similar to last year — auditors found a material weakness in the city’s internal controls related to personnel turnover.
Washington law requires the State Auditor to audit all levels of local government on a regular basis. The Mountlake Terrace audit issued March 29 covered the time period from Jan. 1-Dec. 31, 2016.
State law requires the city to submit its annual report to auditor’s office within 150 days of fiscal year’s end. The annual report includes financial statements, supporting schedules and notes to the financial statements.
Auditors noted that their last report — issued in mid-2017 –– had identified material weaknesses in the…
