Accountability Audit
Exit Conference
Presented to Port of Seattle
Audit Committee
February 12, 2019

Office of the Washington State Auditor

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Executive Summary
Audit Scope
 Accountability audit for 2017 (see draft report).
Audit Results in Brief
 In most areas we audited, the Port operations complied with
applicable requirements and provided adequate safeguarding
of public resources.
 The Port also complied with state laws and regulations and its
own policies and procedures in most areas we examined.
 However, we noted certain matters we communicated to Port
management in a letter, relating to compensation increases.
Wa s h i n gto n S tate A u d i to r 's O ff i c e

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Accountability Areas Examined

Compensation increases for non-represented employees


Reviewed controls over the job evaluation process



Compliance with the Commission approved Salary and Benefits
Resolution



Audit results: management letter and exit recommendations

Wa s h i n gto n S tate A u d i to r 's O ff i c e

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Accountability Areas Examined

Salmon Bay Marina


Reviewed internal controls and selected revenue transactions to
ensure fees were calculated in compliance with established tariffs
and revenue was receipted, recorded, deposited, and timely.



Audit results: no issues

Audit highlight: we appreciate the Salmon Bay Marina's commitment to
safeguarding of public funds and developing control systems that ensure
compliance with laws and regulations.

Wa s h i n gto n S tate A u d i to r 's O ff i c e

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Accountability Areas Examined
Rooftop Plaza


Reviewed controls over charges and billing.



Audit results: no issues

Assets Susceptible to Loss and Theft


Reviewed controls over the safeguarding, tracking, and monitoring.



Performed physical inventory of selected assets.



Audit results: exit recommendation

Wa s h i n gto n S tate A u d i to r 's O ff i c e

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Concluding Remarks
 Audit cost


Total estimated cost: $98,100

 Next scheduled audit - September 2019


Accountability for Public Resources



Review of CPA work papers

 Report publication

Audit highlight: we appreciate the collaboration and assistance from
our Audit Liaison. She helped ensure a smooth audit process from
start to finish.
Wa s h i n gto n S tate A u d i to r 's O ff i c e

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