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2025-06-10 City Council Special PacketAgenda Edmonds City Council SPECIAL MEETING - AUDIT EXIT CONFERENCE BRACKETT ROOM 121 5TH AVE N, CITY HALL - 3RD FLOOR, EDMONDS, WA 98020 JUNE 10, 2025, 3:00 PM Edmonds City Council Agenda June 10, 2025 Page 1 PERSONS WISHING TO JOIN THIS MEETING VIRTUALLY IN LIEU OF IN-PERSON ATTENDANCE CAN CLICK ON OR PASTE THE FOLLOWING ZOOM MEETING LINK INTO A WEB BROWSER USING A COMPUTER OR SMART PHONE: HTTPS://ZOOM.US/J/95798484261 OR JOIN BY PHONE: US: +1 253 215 8782 WEBINAR ID: 957 9848 4261 1. CALL TO ORDER 2. AUDIT EXIT CONFERENCE 1. 2023 City of Edmonds Audit Exit Report - State Auditor's Office (60 min) ADJOURNMENT 4:00 PM City Council Agenda Item Meeting Date: 06/10/2025 2023 City of Edmonds Audit Exit Report - State Auditor's Office Staff Lead: Finance Department: Administrative Services Preparer: Scott Passey Background/History Each year the City of Edmonds is audited by the State Auditor's Office (SAO). This is their report for the 2023 calendar year. Staff Recommendation N/A Narrative N/A Attachments: City of Edmonds Exit Conference Packet Exit Conference Powerpoint - City of Edmonds 2.1 Packet Pg. 2 Exit Conference: City of Edmonds The Office of the Washington State Auditor’s vision is increased trust in government. Our mission is to provide citizens with independent and transparent examinations of how state and local governments use public funds, and develop strategies that make government more efficient and effective. The purpose of this meeting is to share the results of your audit and our draft reporting. We value and appreciate your participation. Audit Reports We will publish the following reports: • Financial statement and federal grant compliance audits for January 1, 2023 through December 31, 2023 – see draft report. Audit Highlights We would like to thank the City’s management and staff for their assistance throughout the audit. Specifically, we would like to thank Kim Dunscombe, Acting Finance Director for provide the information requested throughout the audit. We would also like to thank Richard Gould, Finance Director, for the professionalism, timely responses and effort put into getting the audit to the finish line. We would also like to extend our appreciation to the accountants, including Debra Sharp, Sarah Mager and Marissa Cain for their assistance and collaborative attitude throughout the audit. Recommendations not included in the Audit Reports Exit Items We have provided exit recommendations for management’s consideration. Exit items address control deficiencies or noncompliance with laws or regulations that have an insignificant or immaterial effect on the entity, or errors with an immaterial effect on the financial statements. Exit items are not referenced in the audit report. Status of Prior Management Letter items Brief Description Resolved Unresolved Subrecipient monitoring X Payroll – leave balances* * We will follow up on this management letter issue during our next accountability audit, scheduled to occur later this year. Financial Statement Audit Communication We would like to bring the following to your attention: 1 2.1.a Packet Pg. 3 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) • We didn’t identify any material misstatements during the audit. • Uncorrected misstatements in the audited financial statements are summarized on the attached schedule. We agree with management’s representation that these misstatements are immaterial to the fair presentation of the financial statements. However, the conditions that led to these misstatements may result in more significant misstatements if not corrected. • The audit addressed the following risks, which required special consideration: o Due to the possibility that management may be able to circumvent certain controls, standards require the auditor to assess the risk of management override. Finalizing Your Audit Report Publication Audit reports are published on our website and distributed via email in a .pdf file. We also offer a subscription service that notifies you by email when audit reports are released or posted to our website. You can sign up for this convenient service at Sign Up for News & Alerts | Office of the Washington State Auditor. Management Representation Letter We have included a copy of representations requested of management. Audit Cost At the entrance conference, we estimated the cost of the audit to be $89,000. During the audit, the City experienced turnover with key finance employees that we were directly working with. We also identified issues in the federal Single Audit that required additional work. In March 2025, we worked with the City to revise our estimate by $4,500. Actual audit costs will approximate our revised estimate. Your Next Scheduled Audit Your next audit is scheduled to be conducted in summer of 2025 and will cover the following general areas: • Accountability for public resources for fiscal years 2023 and 2024 • Financial statement audit for fiscal year 2024 • Federal programs for fiscal year 2024 The estimated cost for the next audit based on current rates is $130,000 including travel and other expenses as needed. This preliminary estimate is provided as a budgeting tool and not a guarantee of final cost. Working Together to Improve Government Audit Survey When your report is released, you will receive an audit survey from us. We value your opinions on our audit services and hope you provide feedback. Local Government Support Team This team provides support services to local governments through technical assistance, comparative statistics, training, and tools to help prevent and detect a loss of public funds. Our website and client portal offers many 2 2.1.a Packet Pg. 4 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) resources, including a client Help Desk that answers auditing and accounting questions. Additionally, this team assists with the online filing of your financial statements. The Center for Government Innovation The Center for Government Innovation at the Office of the Washington State Auditor offers services specifically to help you help the residents you serve at no additional cost to your government. What does this mean? We provide expert advice in areas like Lean process improvement, peer-to-peer networking, and culture-building to help local governments find ways to be more efficient, effective and transparent. The Center can help you by providing assistance in financial management, cybersecurity and more. Check out our best practices and other resources that help local governments act on accounting standard changes, comply with regulations, and respond to recommendations in your audit. The Center understands that time is your most precious commodity as a public servant, and we are here to help you do more with the limited hours you have. If you are interested in learning how we can help you maximize your effect in government, call us at (564) 999-0818 or email us at Center@sao.wa.gov. Questions? Please contact us with any questions about information in this document or related audit reports. Tina Watkins, CPA, Director of Local Audit, (360) 260-6411, Tina.Watkins@sao.wa.gov Kristina Baylor, Assistant Director of Local Audit, (425) 951-0290 Kristina.Baylor@sao.wa.gov Courtney Amonsen, Audit Manager, (425) 510-0478, Courtney.Amonsen@sao.wa.gov Erika Davies, Assistant Audit Manager, (425) 510-0476, Erika.Davies@sao.wa.gov Irina Frolova, Audit Lead, (425) 510-0495, Irina.Frolova@sao.wa.gov 3 2.1.a Packet Pg. 5 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Attachment: Schedule of Uncorrected Misstatements Description Statement / Schedule Opinion Unit Full Accrual (Governmental Activities) The variance for Lease Payable Ending is $43,522 which is above the floor of $14,000. The calculation of Active Network includes the fixed payment through 2027, though the terms are through 2024. Per City's calculation: Active Network equals $53,771 and it should be $13,659. Per city's calculation IAPRO equals $3,410. It should be 0.IAPRO is not a SBITA. Statement of Net Position Statement of Activities Governmental Activities Full Accrual (Governmental Activities) Active Network - Net Right-to-Use (Capital) Asset per City's calculation is $53,967 and it should be $13,514. The variance of $40,453 is above the floor of $14,000 for Governmental Activities. The calculation of Active Network includes the fixed payment through 2027, though the terms are through 2024. Per City's calculation, Active Network equals $53,96 and it should be $13,514. Per City's calculation IAPRO equals $3,547. It should be 0. IAPRO is not a SBITA. Statement of Net Position Statement of Activities Governmental Activities Note 15 Subscription Payable Note 15 needs to be revised to reflect the changes above. The total remaining liability should equal $17,687. Per City, it is $61,175 Subscription Asset Value minus Accumulated Amortization should equal $30,963. Per City, it is $75,178 Notes to Financial Statement N/A 4 2.1.a Packet Pg. 6 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Scan to see another great way we’re helping advance #GoodGovernment Financial Statements and Federal Single Audit Report City of Edmonds For the period January 1, 2023 through December 31, 2023 Published June 12, 2025 Report No. 1037488 5 2.1.a Packet Pg. 7 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Insurance Building, P.O. Box 40021  Olympia, Washington 98504-0021  (564) 999-0950  Pat.McCarthy@sao.wa.gov Office of the Washington State Auditor Pat McCarthy June 12, 2025 Mayor and City Council City of Edmonds Edmonds, Washington Report on Financial Statements and Federal Single Audit Please find attached our report on the City of Edmonds financial statements and compliance with federal laws and regulations. We are issuing this report in order to provide information on the City’s financial activities and condition. Sincerely, Pat McCarthy, State Auditor Olympia, WA Americans with Disabilities In accordance with the Americans with Disabilities Act, we will make this document available in alternative formats. For more information, please contact our Office at (564) 999-0950, TDD Relay at (800) 833-6388, or email our webmaster at webmaster@sao.wa.gov. 6 2.1.a Packet Pg. 8 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov TABLE OF CONTENTS Schedule of Findings and Questioned Costs ................................................................................... 4 Schedule of Federal Award Findings and Questioned Costs .......................................................... 6 Summary Schedule of Prior Audit Findings .................................................................................. 14 Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards ................................................................................................... 16 Independent Auditor's Report on Compliance for Each Major Federal Program and Report on Internal Control Over Compliance in Accordance With the Uniform Guidance ......................... 18 Independent Auditor's Report on the Financial Statements .......................................................... 22 Financial Section ........................................................................................................................... 26 Corrective Action Plan for Findings Reported Under Uniform Guidance ................................... 28 About the State Auditor's Office ................................................................................................... 32 7 2.1.a Packet Pg. 9 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov SCHEDULE OF FINDINGS AND QUESTIONED COSTS City of Edmonds January 1, 2023 through December 31, 2023 SECTION I – SUMMARY OF AUDITOR’S RESULTS The results of our audit of the City of Edmonds are summarized below in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Financial Statements We issued an unmodified opinion on the fair presentation of the basic financial statements of the governmental activities, the business-type activities, each major fund and the aggregate discretely presented component units and remaining fund information in accordance with accounting principles generally accepted in the United States of America (GAAP). Internal Control over Financial Reporting: • Significant Deficiencies: We reported no deficiencies in the design or operation of internal control over financial reporting that we consider to be significant deficiencies. • Material Weaknesses: We identified no deficiencies that we consider to be material weaknesses. We noted no instances of noncompliance that were material to the financial statements of the City. Federal Awards Internal Control over Major Programs: • Significant Deficiencies: We identified deficiencies in the design or operation of internal control over major federal programs that we consider to be significant deficiencies. • Material Weaknesses: We identified deficiencies that we consider to be material weaknesses. We issued an unmodified opinion on the City’s compliance with requirements applicable to its major federal program. We reported findings that are required to be disclosed in accordance with 2 CFR 200.516(a). 8 2.1.a Packet Pg. 10 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov Identification of Major Federal Programs The following program was selected as a major program in our audit of compliance in accordance with the Uniform Guidance. ALN Program or Cluster Title 21.027 COVID-19 – Coronavirus State and Local Fiscal Recovery Funds The dollar threshold used to distinguish between Type A and Type B programs, as prescribed by the Uniform Guidance, was $750,000. The City did not qualify as a low-risk auditee under the Uniform Guidance. SECTION II – FINANCIAL STATEMENT FINDINGS None reported. SECTION III – FEDERAL AWARD FINDINGS AND QUESTIONED COSTS See Finding 2023-001. 9 2.1.a Packet Pg. 11 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov SCHEDULE OF FEDERAL AWARD FINDINGS AND QUESTIONED COSTS City of Edmonds January 1, 2023 through December 31, 2023 2023-001 The City did not have adequate internal controls for ensuring compliance with federal requirements for procurement and subrecipient monitoring and it did not comply with federal procurement requirements. Assistance Listing Number and Title: 21.027 – COVID-19 – Coronavirus State and Local Fiscal Recovery Funds Federal Grantor Name: U.S. Department of the Treasury Federal Award/Contract Number: N/A Pass-through Entity Name: Washington Department of Commerce Pass-through Award/Contract Number: 22-96720-210 Known Questioned Cost Amount: $0 Prior Year Audit Finding: N/A Background The purpose of the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program is to respond to the COVID-19 pandemic’s negative effects on public health and the economy, provide premium pay to essential workers during the pandemic, provide government services to the extent COVID-19 caused a reduction in revenues collected, and make necessary investments in water, sewer or broadband infrastructure. During 2023, the City spent $3,622,519 in program funds to cover additional costs it had incurred during the pandemic, including expenditures supporting public health, household utility relief, and direct assistance payments to local businesses and nonprofit organizations financially affected by COVID-19. The program funds also included $886,240 passed through to two subrecipients to fulfill components of the program’s objectives. The portion of program funds the City passed through 10 2.1.a Packet Pg. 12 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov to the subrecipients provided emergency assistance to households and college students financially affected by COVID-19. Federal regulations require recipients to establish and maintain internal controls that ensure compliance with program requirements. These controls include understanding program requirements and monitoring the effectiveness of established controls. Procurement Federal regulations require recipients to follow their own documented procurement procedures, which must conform to the Uniform Guidance procurement standards found in 2 CFR § 200.318-327. These procedures must reflect the most restrictive of applicable federal, state or local laws. When using federal funds to procure goods and services, governments must apply the more restrictive requirements of federal, state or local laws by either obtaining quotes or following a competitive procurement process, depending on the estimated cost of the procurement activity. Competitive bidding may be waived in certain circumstances, including via a sole source exemption when the purchase is only available from a single vendor. Governments must document the process and ensure they comply with applicable laws for waiving competitive bidding. Additionally, state and federal requirements allow it to bypass normal procurement laws through a process commonly referred to as “piggybacking.” This process allows entities to purchase goods and services using contracts awarded by another government or group of governments via an interlocal agreement or cooperative. When piggybacking, the entity must enter into an agreement before it purchases services or goods from another entity’s contract. If the City uses such an agreement, federal regulations require it to confirm the awarding entity followed all procurement laws and regulations applicable to the entity when selecting the contractor. Subrecipient Monitoring Whenever the City passes on federal funding to subrecipients, federal regulations require it to monitor subrecipients to ensure they comply with the terms and conditions of the federal award. For these subawards, monitoring would include verifying the subrecipients only provided assistance to participants who met the program eligibility requirements. Subrecipient requirements also require the City to verify whether prior year awardees received an audit if they expended more than $750,000 in federal awards, and to follow up on any findings issued. 11 2.1.a Packet Pg. 13 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov Description of Condition Procurement The City’s internal controls were ineffective for ensuring it complied with federal procurement requirements. Although the City has written procurement policies, they do not address requirements for piggybacking and purchasing through a cooperative. Additionally, City’s policy establishes the micro purchase threshold as $20,000, which is less restrictive than the federal threshold of $10,000. Further, the City piggybacked onto another agency’s contract to purchase vehicles and did not retain supporting documentation showing it verified the awarding agency followed applicable procurement requirements before purchasing. It also determined the purchase of a software system to be sole source but did not have documentation showing its rationale and justification for this non-competitive procurement. We consider this internal control deficiency to be a material weakness that led to material noncompliance. Subrecipient Monitoring Our audit found the City did not have internal controls in place to adequately monitor its subrecipients, as federal regulations require. The City awarded program funds to two subrecipients during the audit period and was required to monitor four subrecipients with awards from previous fiscal years in the current audit period. The City did not obtain any documentation from one subrecipient and did not obtain documentation for the final quarter of its agreement with another subrecipient to ensure program participants were eligible for assistance. Further, the City did not determine whether four subrecipients expended more than $750,000 in federal awards and received an audit when required. We consider this deficiency in internal controls to be a significant deficiency. Cause of Condition Procurement Procurement activity is decentralized and performed at the department level. The City experienced turnover in positions responsible for updating procurement policies and procuring transactions. City employees involved in these purchases were not provided adequate training to update policies and ensure they understood procurement requirements. As such, City employees were not aware of all federal 12 2.1.a Packet Pg. 14 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov requirements involved when piggybacking onto another agency’s contract or using exemptions to competitive procurement for sole source purchases. Subrecipient Monitoring The City received a recommendation in the prior audit related to this issue and began changing its procedures. However, due to timing and staff turnover, it was unable to perform and document all portions of subrecipient monitoring requirements for the period under audit. Effect of Condition Procurement Without updated written policies and procedures, the City is at an increased risk of not complying with the most restrictive of federal, state or local procurement methods when using federal funds to procure goods and services. The City did not provide supporting documentation showing the procurement methods used followed all applicable requirements for the purchase of vehicles and a software system totaling $719,217. Without effective internal controls, the City cannot demonstrate it complied with federal procurement requirements, allowed for full and open competition and received the best price. Subrecipient Monitoring The City did not monitor $290,647 expenditures for two subrecipients to ensure they complied with the terms and conditions of the subaward and appropriately used federal program funds. Therefore, the City was unable to confirm only eligible participants received assistance. Further, the City did not adequately monitor four of its subrecipients to verify they received single audits when required. Although the City sent letters to three of these subrecipients to inquire about single audits, it did not follow up with them and it also did not have evidence that it monitored for audits for the other subrecipient. Without verifying the subrecipients received single audits when required, the City would be unaware if any findings were issued relating to program requirements that would require follow-up action. 13 2.1.a Packet Pg. 15 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov Recommendation We recommend the City strengthen its internal controls to ensure compliance with federal requirements. Specifically, we recommend the City: • Provide training to employees responsible for updating policies and procurement transactions paid all or in part with federal funds • Update its written procurement policy to conform to Uniform Guidance requirements (2 CFR § 200.318-327) for all procurement activities • Ensure all goods and services charged to federal programs are procured in accordance with federal regulations and its own policy • Verify all subrecipients receive single audits when required and retain sufficient documentation of this verification • Perform and document sufficient monitoring procedures in accordance with subrecipients’ risk to verify they are complying with the terms of the award including providing funding to eligible participants, when applicable City’s Response The City acknowledges the audit findings and recognizes the importance of strengthening internal monitoring practices to ensure full alignment with federal requirements. While there may be additional context to consider regarding the specific circumstances, we appreciate the opportunity to clarify those details and outline the corrective actions that have been taken and are planned. Subrecipient No.1 – Edmonds College One of the subrecipients noted in the finding is a public higher education institution operating under the State Board for Community and Technical Colleges (SBCTC). The subrecipient administered the Student Emergency Assistance Grant (SEAG) in accordance with state guidelines that emphasize low-barrier, equity-focused access to emergency aid. These guidelines intentionally discourage requiring extensive documentation from students and instead rely on: • Written applications and student interviews • Internal verification using the college's ctclink student system • Program-level data tracking through financial aid systems • Quarterly reporting to the City, which was submitted Due to FERPA protections, the college was limited in the level of personal data it could share externally without student consent. While this model limited the City's ability to independently audit eligibility at the individual level, it is consistent with 14 2.1.a Packet Pg. 16 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov the state's recognized approach to supporting systemically disadvantaged students and aligns with SEAG Program principles. The City accepted this structure as appropriate during the agreement period. Subrecipient No.2 – Washington Kids in Transition For the second subrecipient, the City followed its standard internal audit process, which includes a quarterly review of 10% of submitted invoices to validate eligibility and ensure federal program compliance. After completing the first- quarter audit, the City identified concerns related to the supporting documentation for certain grant disbursements. In response: • The City escalated oversight and required the subrecipient to submit documentation for 100% of invoices from May through July, encompassing both Q2 and Q3. • Concurrently, the City became aware that the subrecipient had not initiated or completed a Single Audit for FY2023. Upon learning that the audit would not be submitted by the federal deadline (September 30), the City immediately ceased all grant funding and closed the program. • Though additional invoices were received in August and September, the City determined that the heightened audit activity from May through July had addressed the prior concerns. Q3 was considered to have been appropriately audited, and no further audit was conducted for the final period. The City has not resumed any partnership with this entity since September 2024. • The subrecipient ultimately declined to obtain the required Single Audit for FY2023 and FY2024. Review of Prior Year Subrecipient Audit Requirements As part of the City's monitoring efforts for subrecipients from previous fiscal years, the Deputy Director of Finance at the time requested Single Audit reports directly from the two college subrecipients and was ultimately able to obtain the reports through the Federal Audit Clearinghouse (FAC). While the City does not have documentation to confirm this process, it was discussed during internal meetings that the reports had been reviewed, and this task was considered complete at the time. Of the four subrecipients referenced in the audit, the third was a nonprofit organization for which the Deputy Director reviewed publicly available financial records. Based on that review, it was determined the organization did not meet the $750,000 federal expenditure threshold and was therefore not subject to a Single 15 2.1.a Packet Pg. 17 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov Audit. The fourth subrecipient, the entity that did not complete the required audit, was addressed in the corrective actions outlined above. Planned and Ongoing Corrective Actions To strengthen subrecipient oversight moving forward, the City is implementing the following corrective actions: • Updated Subrecipient Agreements: All future contracts will include specific and detailed language regarding audit thresholds, access to documentation, and monitoring expectations, including reference to Uniform Guidance requirements. • Audit Verification Procedures: The City will implement a documented protocol for tracking and verifying Single Audits for any subrecipient receiving $750,000 or more in federal funds. • Monitoring Documentation: The City will maintain written records of all monitoring activities, including eligibility reviews, audit follow-up, and subrecipient communication. • Staff Training and Process Improvements: Staff responsible for subrecipient oversight will receive updated training on monitoring standards, documentation expectations, and federal compliance protocols. These actions will be implemented prior to any future program launches involving subawards of federal funds and will also apply to the monitoring of any current active grants. Although no additional funding of this type was issued in 2024, the City will be subject to audit for this period and will ensure compliance with all applicable requirements, including collecting the FY2024 Single Audit reports as required. Corrective Action Plan – Procurement The City's Purchasing Policy addresses requirements for "piggybacking" and purchasing through a Cooperative in section 13.0 lnterlocal Agreements. However, the City should update the Purchasing Policy section 11.0 Procurement Using Federal Funds to include the same language that specifies the process of Interlocal and Cooperative agreements, or “piggybacking”. • As stated in the auditor's draft notification, state and federal requirements allow it to bypass normal procurement laws through a process commonly referred to as "piggybacking". This process allows entities to purchase goods and services using contracts awarded by another government or group of governments via an interlocal agreement or cooperative. When piggybacking, 16 2.1.a Packet Pg. 18 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov the entity must enter into an agreement before it purchases services or goods from another entity's contract. If the City uses such an agreement, federal regulations require it to confirm the awarding entity followed all procurement laws and regulations applicable to the entity when selecting the contractor. To ensure compliance, although the City did confirm that the vendor followed their own bid law requirements, the City will do a better job documenting that verification in any future equipment purchases using federal funding. Auditor’s Remarks We thank the City for its commitment to resolving this issue. We will follow up on the status of this finding during our next audit. Applicable Laws and Regulations Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), section 516, Audit findings, establishes reporting requirements for audit findings. Title 2 CFR Part 200, Uniform Guidance, section 303, Internal controls, describes the requirements for auditees to maintain internal controls over federal programs and comply with federal program requirements. The American Institute of Certified Public Accountants defines significant deficiencies and material weaknesses in its Codification of Statements on Auditing Standards, section 935, Compliance Audits, paragraph 11. Title 2 CFR Part 200, Uniform Guidance, section 318, General procurement standards, establishes requirements for written procedures and requirements for maintaining records sufficient to detail the history of procurement. Title 2 CFR Part 200, Uniform Guidance, section 320, Methods of procurement to be followed, establishes requirements for procuring with Federal funds by nonfederal entities. Title 2 CFR Part 200, Uniform Guidance, section 332, Requirements for passthrough entities, establishes the requirements for subrecipient monitoring and management requirements for pass through entities. 17 2.1.a Packet Pg. 19 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS City of Edmonds January 1, 2023 through December 31, 2023 This schedule presents the status of findings reported in prior audit periods. Audit Period: 2022 Report Ref. No.: 1033990 Finding Ref. No.: 2022-001 Finding Caption: The Edmonds Public Facilities District, a component unit of the City of Edmonds did not have adequate internal controls ensuring accurate reporting of its financial statements. Background: Our audit found a significant internal control deficiency. Specifically, the District did not have a process in place to adequately research and implement new accounting standards. The District did not implement GASB Statement No. 87, Leases and as a result, the District underreported its lease receivable, deferred inflows balances and its lease interest revenue and it overstated its rent revenue. Status of Corrective Action: (check one) X Fully Corrected ☐ Partially Corrected ☐ Not Corrected ☐ Finding is considered no longer valid Corrective Action Taken: We acknowledge the audit finding regarding our component unit's failure to implement GASB 87 accounting for leases. Upon receiving the finding, I met with the Executive Director of the District to thoroughly discuss the issue, understand the reasons for non-compliance, and determine the necessary steps to rectify the situation. Cause of Non-Compliance: The primary cause of the non-compliance was a turnover in the district's accounting staff. This turnover led to a significant loss of institutional knowledge and the capacity to train new staff effectively in the implementation of GASB 87. 18 2.1.a Packet Pg. 20 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov Corrective Actions Taken: Since the audit finding, the district has taken several steps to ensure compliance moving Forward: 1. Training: The district has provided comprehensive training to its accounting staff on GASB 87, focusing specifically on lease accounting requirements. 2. Policy Implementation: New policies have been established to address and manage lease and subscription accounting in alignment with GASB 87 and related standards. Additional Support Offered: To further support the district's compliance efforts, I researched and proposed the creation of a subaccount within our Debt Book profile that could assist with the calculation and tracking of leases and subscriptions under GASB 87. This tool was intended as a backup measure to provide additional assurance in maintaining compliance. However, the District decided to utilize its own spreadsheets for this purpose, which they have integrated into their compliance processes. Plan for Year-End 2023: The District has expressed confidence in their revised processes and tools, which have been designed to ensure compliance with GASB 87 by the year-end 2023. We will continue to monitor their progress and offer support as needed to ensure full compliance and prevent future findings of this nature. Should you require any further information or documentation regarding the steps taken to address this finding, please do not hesitate to contact me. 19 2.1.a Packet Pg. 21 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov INDEPENDENT AUDITOR’S REPORT Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards City of Edmonds January 1, 2023 through December 31, 2023 Mayor and City Council City of Edmonds Edmonds, Washington We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, each major fund and the aggregate discretely presented component units and remaining fund information of the City of Edmonds, as of and for the year ended December 31, 2023, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated June 10, 2025. REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the City’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. 20 2.1.a Packet Pg. 22 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov Our consideration of internal control was for the limited purpose described above and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. REPORT ON COMPLIANCE AND OTHER MATTERS As part of obtaining reasonable assurance about whether the City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. PURPOSE OF THIS REPORT The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. However, this report is a matter of public record and its distribution is not limited. It also serves to disseminate information to the public as a reporting tool to help citizens assess government operations. Pat McCarthy, State Auditor Olympia, WA June 10, 2025 21 2.1.a Packet Pg. 23 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov INDEPENDENT AUDITOR’S REPORT Report on Compliance for Each Major Federal Program and Report on Internal Control over Compliance in Accordance with the Uniform Guidance City of Edmonds January 1, 2023 through December 31, 2023 Mayor and City Council City of Edmonds Edmonds, Washington REPORT ON COMPLIANCE FOR EACH MAJOR FEDERAL PROGRAM Opinion on Each Major Federal Program We have audited the compliance of the City of Edmonds, with the types of compliance requirements identified as subject to audit in the U.S. Office of Management and Budget (OMB) Compliance Supplement that could have a direct and material effect on each of the City’s major federal programs for the year ended December 31, 2023. The City’s major federal programs are identified in the auditor’s results section of the accompanying Schedule of Findings and Questioned Costs. In our opinion, the City complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended December 31, 2023. Basis for Opinion on Each Major Federal Program We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America (GAAS); the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) are further described in the Auditor’s Responsibilities for the Audit of Compliance section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on 22 2.1.a Packet Pg. 24 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov compliance for each major federal program. Our audit does not provide a legal determination on the City’s compliance with the compliance requirements referred to above. Responsibilities of Management for Compliance Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules and provisions of contracts or grant agreements applicable to the City’s federal programs. Auditor’s Responsibilities for the Audit of Compliance Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City’s compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS, Government Auditing Standards and the Uniform Guidance will always detect a material noncompliance when it exists. The risk of not detecting a material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material, if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgement made by a reasonable user of the report on compliance about the City’s compliance with the requirements of each major federal program as a whole. Performing an audit in accordance with GAAS, Government Auditing Standards and the Uniform Guidance includes the following responsibilities: • Exercise professional judgment and maintain professional skepticism throughout the audit; • Identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the City’s compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances; • Obtain an understanding of the City’s internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control over compliance. Accordingly, no such opinion is expressed; and 23 2.1.a Packet Pg. 25 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov • We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit. Other Matters The results of our auditing procedures disclosed an instance of noncompliance which is required to be reported in accordance with the Uniform Guidance and which is described in the accompanying Schedule of Federal Award Findings and Questioned Costs as Finding 2023-001. Our opinion on each major federal program is not modified with respect to these matters. City’s Response to Findings Government Auditing Standards requires the auditor to perform limited procedures on the City’s response to the noncompliance findings identified in our compliance audit described in the accompanying Schedule of Federal Award Findings and Questioned Costs. The City’s response was not subjected to the other auditing procedures applied in the audit of compliance and, accordingly, we express no opinion on the response. REPORT ON INTERNAL CONTROL OVER COMPLIANCE A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed. Our consideration of internal control over compliance was for the limited purpose described in the Auditor’s Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance and therefore, material weaknesses or significant deficiencies may exist that were not identified. 24 2.1.a Packet Pg. 26 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov However, we identified certain deficiencies in internal control over compliance that we consider to be material weaknesses and significant deficiencies. In the accompanying Schedule of Federal Award Findings and Questioned Costs, we consider the deficiencies described in Finding 2023- 001 to be a material weakness and the deficiencies described in Finding 2023-001 to be a significant deficiency. City’s Response to Findings Government Auditing Standards requires the auditor to perform limited procedures on the City’s response to the internal control over compliance findings identified in our audit described in the accompanying Schedule of Federal Award Findings and Questioned Costs. The City’s response was not subjected to the other auditing procedures applied in the audit of compliance and, accordingly, we express no opinion on the response. Purpose of this Report The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. However, this report is a matter of public record and its distribution is not limited. It also serves to disseminate information to the public as a reporting tool to help citizens assess government operations. Pat McCarthy, State Auditor Olympia, WA June 10, 2025 25 2.1.a Packet Pg. 27 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov INDEPENDENT AUDITOR’S REPORT Report on the Audit of the Financial Statements City of Edmonds January 1, 2023 through December 31, 2023 Mayor and City Council City of Edmonds Edmonds, Washington REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS Opinions We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund and the aggregate discretely presented component units and remaining fund information of the City of Edmonds, as of and for the year ended December 31, 2023, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the financial section of our report. In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund and the aggregate discretely presented component units and remaining fund information of the City of Edmonds, as of December 31, 2023, and the respective changes in financial position and, where applicable, cash flows thereof, and the respective budgetary comparison for the General, Street Construction and Edmonds Rescue Plan funds for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. 26 2.1.a Packet Pg. 28 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. Performing an audit in accordance with GAAS and Government Auditing Standards includes the following responsibilities: • Exercise professional judgment and maintain professional skepticism throughout the audit; • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements; • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed; • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements; 27 2.1.a Packet Pg. 29 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov • Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time; and • Communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit. Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and required supplementary information listed in the financial section of our report be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanying Schedule of Expenditures of Federal Awards is presented for purposes of additional analysis as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). This supplementary information is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated, in all material respects, in relation to the basic financial statements as a whole. 28 2.1.a Packet Pg. 30 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov OTHER REPORTING REQUIRED BY GOVERNMENT AUDITING STANDARDS In accordance with Government Auditing Standards, we have also issued our report dated June 10, 2025 on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance. Pat McCarthy, State Auditor Olympia, WA June 10, 2025 29 2.1.a Packet Pg. 31 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov FINANCIAL SECTION City of Edmonds January 1, 2023 through December 31, 2023 REQUIRED SUPPLEMENTARY INFORMATION Management’s Discussion and Analysis – 2023 BASIC FINANCIAL STATEMENTS Statement of Net Position – 2023 Statement of Activities – 2023 Governmental Funds Balance Sheet – 2023 Reconciliation of Governmental Funds Balance Sheet to the Statement of Net Position – 2023 Statement of Revenues, Expenditures and Changes in Fund Balance – Governmental Funds – 2023 Reconciliation of Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balance to the Statement of Activities – 2023 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – General Fund – 2023 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Street Construction Fund – 2023 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Edmonds Rescue Plan Fund – 2023 Statement of Net Position – Proprietary Funds – 2023 Statement of Revenues, Expenses and Changes in Fund Net Position – Proprietary Funds – 2023 Statement of Cash Flows – Proprietary Funds – 2023 Notes to Financial Statements – 2023 REQUIRED SUPPLEMENTARY INFORMATION Schedule of Changes in the Total OPEB Liability and Related Ratios – Firemen’s Pension Fund Other Post-Employment Benefits - 2023 Schedule of Changes in the City’s Net Pension Liability and Related Ratios – Firemen’s Pension Fund – 2023 Schedule of City Contributions – Firemen’s Pension Fund – 2023 30 2.1.a Packet Pg. 32 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov Schedule of Proportionate Share of Net Pension Liability – PERS 1, PERS 2/3, LEOFF 1, LEOFF 2 – 2023 Schedule of Employer Contributions – PERS 1, PERS 2/3, LEOFF 2 – 2023 SUPPLEMENTARY AND OTHER INFORMATION Schedule of Expenditures of Federal Awards – 2023 Notes to the Schedule of Expenditures of Federal Awards – 2023 31 2.1.a Packet Pg. 33 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov CORRECTIVE ACTION PLAN FOR FINDINGS REPORTED UNDER UNIFORM GUIDANCE City of Edmonds January 1, 2023 through December 31, 2023 This schedule presents the corrective action planned by the City for findings reported in this report in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Finding ref number: 2023-001 Finding caption: The City did not have adequate internal controls for ensuring compliance with federal requirements for procurement and subrecipient monitoring and it did not comply with federal procurement requirements. Name, address, and telephone of City contact person: Richard Gould, Finance Director 121 5th Ave N Edmonds, WA 98020 (425) 275-4688 ext. 1293 Corrective action the auditee plans to take in response to the finding: Corrective Action Plan - Subrecipient Monitoring Finding The City acknowledges the audit findings and recognizes the importance of strengthening internal monitoring practices to ensure full alignment with federal requirements. While there may be additional context to consider regarding the specific circumstances, we appreciate the opportunity to clarify those details and outline the corrective actions that have been taken and are planned. 32 2.1.a Packet Pg. 34 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov Subrecipient #1 – Edmonds College One of the subrecipients noted in the finding is a public higher education institution operating under the State Board for Community and Technical Colleges (SBCTC). The subrecipient administered the Student Emergency Assistance Grant (SEAG) in accordance with state guidelines that emphasize low-barrier, equity-focused access to emergency aid. These guidelines intentionally discourage requiring extensive documentation from students and instead rely on: • Written applications and student interviews • Internal verification using the college's ctclink student system • Program-level data tracking through financial aid systems • Quarterly reporting to the City, which was submitted Due to FERPA protections, the college was limited in the level of personal data it could share externally without student consent. While this model limited the City's ability to independently audit eligibility at the individual level, it is consistent with the state's recognized approach to supporting systemically disadvantaged students and aligns with SEAG Program principles. The City accepted this structure as appropriate during the agreement period. Subrecipient #2 – Washington Kids in Transition For the second subrecipient, the City followed its standard internal audit process, which includes a quarterly review of 10% of submitted invoices to validate eligibility and ensure federal program compliance. After completing the first-quarter audit, the City identified concerns related to the supporting documentation for certain grant disbursements. In response: • The City escalated oversight and required the subrecipient to submit documentation for 100% of invoices from May through July, encompassing both Q2 and Q3. • Concurrently, the City became aware that the subrecipient had not initiated or completed a Single Audit for FY2023. Upon learning that the audit would not be submitted by the federal deadline (September 30), the City immediately ceased all grant funding and closed the program. • Though additional invoices were received in August and September, the City determined that the heightened audit activity from May through July had addressed the prior concerns. Q3 was considered to have been appropriately audited, and no further audit was conducted for the final period. The City has not resumed any partnership with this entity since September 2024. • The subrecipient ultimately declined to obtain the required Single Audit for FY2023 and FY2024. Review of Prior – Year Subrecipient Audit Requirements As part of the City's monitoring efforts for subrecipients from previous fiscal years, the Deputy Director of Finance at the time requested Single Audit reports directly from the two college subrecipients and was ultimately able to obtain the reports through the 33 2.1.a Packet Pg. 35 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov Federal Audit Clearinghouse (FAC). While the City does not have documentation to confirm this process, it was discussed during internal meetings that the reports had been reviewed, and this task was considered complete at the time. Of the four subrecipients referenced in the audit, the third was a nonprofit organization for which the Deputy Director reviewed publicly available financial records. Based on that review, it was determined the organization did not meet the $750,000 federal expenditure threshold and was therefore not subject to a Single Audit. The fourth subrecipient, the entity that did not complete the required audit, was addressed in the corrective actions outlined above. Planned and Ongoing Corrective Actions To strengthen subrecipient oversight moving forward, the City is implementing the following corrective actions: • Updated Subrecipient Agreements: All future contracts will include specific and detailed language regarding audit thresholds, access to documentation, and monitoring expectations, including reference to Uniform Guidance requirements. • Audit Verification Procedures: The City will implement a documented protocol for tracking and verifying Single Audits for any subrecipient receiving $750,000 or more in federal funds. • Monitoring Documentation: The City will maintain written records of all monitoring activities, including eligibility reviews, audit follow-up, and subrecipient communication. • Staff Training and Process Improvements: Staff responsible for subrecipient oversight will receive updated training on monitoring standards, documentation expectations, and federal compliance protocols. These actions will be implemented prior to any future program launches involving subawards of federal funds and will also apply to the monitoring of any current active grants. Although no additional funding of this type was issued in 2024, the City will be subject to audit for this period and will ensure compliance with all applicable requirements, including collecting the FY2024 Single Audit reports as required. Corrective Action Plan – Procurement "The City's internal controls were ineffective for ensuring it complied with federal procurement requirements. Although the City has written procurement policies, they do not address requirements for piggybacking and purchasing through a cooperative." Our response to the auditor's statements regarding the vehicles purchased with ARPA funds are as follows. "The City's internal controls were ineffective for ensuring it complied with federal procurement requirements. Although the City has written procurement policies, they do not address requirements for piggybacking and purchasing through a cooperative." 34 2.1.a Packet Pg. 36 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov • The City's Purchasing Policy addresses requirements for "piggybacking" and purchasing through a Cooperative in section 13.0 lnterlocal Agreements. However, the City should update the Purchasing Policy section 11.0 Procurement Using Federal Funds to include the same language that specifies the process of Interlocal and Cooperative agreements, or “piggybacking”. • As stated in the auditor's draft notification, state and federal requirements allow it to bypass normal procurement laws through a process commonly referred to as "piggybacking". This process allows entities to purchase goods and services using contracts awarded by another government or group of governments via an interlocal agreement or cooperative. When piggybacking, the entity must enter into an agreement before it purchases services or goods from another entity's contract. If the City uses such an agreement, federal regulations require it to confirm the awarding entity followed all procurement laws and regulations applicable to the entity when selecting the contractor. To ensure compliance, • Although the city did confirm that the vendor followed their own bid law requirements, the City will do a better job documenting that verification in any future equipment purchases using federal funding. Anticipated date to complete the corrective action: Completed 35 2.1.a Packet Pg. 37 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Office of the Washington State Auditor sao.wa.gov ABOUT THE STATE AUDITOR’S OFFICE The State Auditor’s Office is established in the Washington State Constitution and is part of the executive branch of state government. The State Auditor is elected by the people of Washington and serves four-year terms. We work with state agencies, local governments and the public to achieve our vision of increasing trust in government by helping governments work better and deliver higher value. In fulfilling our mission to provide citizens with independent and transparent examinations of how state and local governments use public funds, we hold ourselves to those same standards by continually improving our audit quality and operational efficiency, and by developing highly engaged and committed employees. As an agency, the State Auditor’s Office has the independence necessary to objectively perform audits, attestation engagements and investigations. Our work is designed to comply with professional standards as well as to satisfy the requirements of federal, state and local laws. The Office also has an extensive quality control program and undergoes regular external peer review to ensure our work meets the highest possible standards of accuracy, objectivity and clarity. Our audits look at financial information and compliance with federal, state and local laws for all local governments, including schools, and all state agencies, including institutions of higher education. In addition, we conduct performance audits and cybersecurity audits of state agencies and local governments, as well as state whistleblower, fraud and citizen hotline investigations. The results of our work are available to everyone through the more than 2,000 reports we publish each year on our website, www.sao.wa.gov. Additionally, we share regular news and other information via an email subscription service and social media channels. We take our role as partners in accountability seriously. The Office provides training and technical assistance to governments both directly and through partnerships with other governmental support organizations. Stay connected at sao.wa.gov • Find your audit team • Request public records • Search BARS Manuals (GAAP and cash), and find reporting templates • Learn about our training workshops and on-demand videos • Discover which governments serve you — enter an address on our map • Explore public financial data with the Financial Intelligence Tool Other ways to stay in touch • Main telephone: (564) 999-0950 • Toll-free Citizen Hotline: (866) 902-3900 • Email: webmaster@sao.wa.gov 36 2.1.a Packet Pg. 38 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) 37 2.1.a Packet Pg. 39 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) 38 2.1.a Packet Pg. 40 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) 39 2.1.a Packet Pg. 41 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) 40 2.1.a Packet Pg. 42 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) 41 2.1.a Packet Pg. 43 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) 42 2.1.a Packet Pg. 44 At t a c h m e n t : C i t y o f E d m o n d s E x i t C o n f e r e n c e P a c k e t ( 2 0 2 3 C i t y o f E d m o n d s A u d i t E x i t R e p o r t - S t a t e A u d i t o r ' s O f f i c e ) Exit Conference City of Edmonds June 10, 2025 1 Disclaimer: This presentation is intended to be viewed in conjunction with the complete packet of exit materials provided. A copy of those materials may be requested by contacting the presenters listed or by emailing PublicRecords@sao.wa.gov. Kristina Baylor, Assistant Director Courtney Amonsen, Audit Manager Erika Davies, Assistant Audit Manager Irina Frolova, Audit Lead 2.1.b Packet Pg. 45 At t a c h m e n t : E x i t C o n f e r e n c e P o w e r p o i n t - C i t y o f E d m o n d s ( 2 0 2 3 C i t y o f E d m o n d s A u d i t 2 Results that Matter Increased trust in government Independent, transparent examinations Improved efficiency and effectiveness of government Pat McCarthy State Auditor 2.1.b Packet Pg. 46 At t a c h m e n t : E x i t C o n f e r e n c e P o w e r p o i n t - C i t y o f E d m o n d s ( 2 0 2 3 C i t y o f E d m o n d s A u d i t Federal Grant Compliance Audit Results 3 •Opinion issued on the City’s compliance with requirements applicable to its major program •Audit conducted in accordance with Government Auditing Standards and the Uniform Guidance Unmodified Opinion Issued •We identified and reported significant deficiencies in internal control •We identified deficiencies that we consider to be material weaknesses •We noted no instances of noncompliance that are required to be reported Internal Control and Compliance over Major Programs January 1, 2023 through December 31, 2023 2.1.b Packet Pg. 47 At t a c h m e n t : E x i t C o n f e r e n c e P o w e r p o i n t - C i t y o f E d m o n d s ( 2 0 2 3 C i t y o f E d m o n d s A u d i t Major Programs Selected for Audit 4 ALN Program or Cluster Title Total Amount Expended 21.027 COVID-19 – Coronavirus State and Local Fiscal Recovery Funds $3,622,519 These costs amount to approximately 84 percent of the total federal expenditures for 2023 2.1.b Packet Pg. 48 At t a c h m e n t : E x i t C o n f e r e n c e P o w e r p o i n t - C i t y o f E d m o n d s ( 2 0 2 3 C i t y o f E d m o n d s A u d i t Coronavirus State and Local Fiscal Recovery Funds - Finding 2023-001: The City’s did not have adequate internal controls were inadequate for ensuring compliance with federal requirements for procurement and subrecipient monitoring and it did not comply with federal procurement requirements. 5 Please see page 10 of your exit packet to view the details of this recommendation 2.1.b Packet Pg. 49 At t a c h m e n t : E x i t C o n f e r e n c e P o w e r p o i n t - C i t y o f E d m o n d s ( 2 0 2 3 C i t y o f E d m o n d s A u d i t Financial Audit Results 6 •Opinion issued in accordance with U.S. GAAP •Audit conducted in accordance with Government Auditing Standards Unmodified Opinion Issued •We no significant deficiencies in internal control •We identified no deficiencies that we consider to be material weaknesses. •We noted no instances of noncompliance that were material to the financial statements of the City Internal Control and Compliance over Financial Reporting January 1, 2023 through December 31, 2023 2.1.b Packet Pg. 50 At t a c h m e n t : E x i t C o n f e r e n c e P o w e r p o i n t - C i t y o f E d m o n d s ( 2 0 2 3 C i t y o f E d m o n d s A u d i t Financial Audit Results 7 •We did not identify any material misstatements during the audit. •Uncorrected misstatements have been provided for review. Required Communications The audit addressed the following risks, which required special consideration: Management override of controls 2.1.b Packet Pg. 51 At t a c h m e n t : E x i t C o n f e r e n c e P o w e r p o i n t - C i t y o f E d m o n d s ( 2 0 2 3 C i t y o f E d m o n d s A u d i t Summary Schedule of Prior Audit Findings 8 •Status of City’s Corrective Action Taken: Fully Corrected •Specific corrective actions taken are described in schedule on page 18 of your packet 2.1.b Packet Pg. 52 At t a c h m e n t : E x i t C o n f e r e n c e P o w e r p o i n t - C i t y o f E d m o n d s ( 2 0 2 3 C i t y o f E d m o n d s A u d i t 9 Financial Intelligence Tool (FIT) •Unique profiles for Washington’s 2,200 local governments •Explore by dollars collected and spent •Easy comparisons and rankings Publicly accessible and user-friendly 2.1.b Packet Pg. 53 At t a c h m e n t : E x i t C o n f e r e n c e P o w e r p o i n t - C i t y o f E d m o n d s ( 2 0 2 3 C i t y o f E d m o n d s A u d i t 10 Financial Intelligence Tool (FIT)2.1.b Packet Pg. 54 At t a c h m e n t : E x i t C o n f e r e n c e P o w e r p o i n t - C i t y o f E d m o n d s ( 2 0 2 3 C i t y o f E d m o n d s A u d i t Related Audit Work •Use of public funds to maintain flow splitter in Perrinville Creek •Concerns unsubstantiated as Hearing Examiner has made further rulings on the matter Citizen Hotline Referrals •City was not compliant with the Open Public Meetings Act governing executive sessions •Concerns substantiated in part Citizen Hotline Referrals •City Council is not properly approving expenditures in accordance with state law or City Code. •Concerns unsubstantiated Citizen Hotline Referrals 11 2.1.b Packet Pg. 55 At t a c h m e n t : E x i t C o n f e r e n c e P o w e r p o i n t - C i t y o f E d m o n d s ( 2 0 2 3 C i t y o f E d m o n d s A u d i t Closing Remarks •Audit costs are in alignment with our revised estimate •Next audit: Summer 2025 •Accountability for public resources •Financial statement •Federal programs An estimated cost for the next audit has been provided in our exit packet 12 2.1.b Packet Pg. 56 At t a c h m e n t : E x i t C o n f e r e n c e P o w e r p o i n t - C i t y o f E d m o n d s ( 2 0 2 3 C i t y o f E d m o n d s A u d i t Report Publication Audit reports are published on our website. Sign up to be notified by email when audit reports are posted to our website: https://sao.wa.gov/about- sao/sign-up- for-news-alerts/ Audit Survey When your report is released, you will receive an audit survey from us. We value your opinions on our audit services and hope you provide feedback. 13 2.1.b Packet Pg. 57 At t a c h m e n t : E x i t C o n f e r e n c e P o w e r p o i n t - C i t y o f E d m o n d s ( 2 0 2 3 C i t y o f E d m o n d s A u d i t 14 Thank You! We would like to thank the City’s management and staff for their assistance throughout the audit. Specifically, we would like to thank Kim Dunscombe, Acting Finance Director for provide the information requested throughout the audit. We would also like to thank Richard Gould, Finance Director, for the professionalism, timely responses and effort put into getting the audit to the finish line. We would also like to extend our appreciation to the accountants, including Debra Sharp, Sarah Mager and Marissa Cain for their assistance and collaborative attitude throughout the audit. 2.1.b Packet Pg. 58 At t a c h m e n t : E x i t C o n f e r e n c e P o w e r p o i n t - C i t y o f E d m o n d s ( 2 0 2 3 C i t y o f E d m o n d s A u d i t 15 Questions? Contact Courtney Amonsen, Audit Manager Courtney.Amonsen@sao.wa.gov (425) 510-0477 1515 2.1.b Packet Pg. 59 At t a c h m e n t : E x i t C o n f e r e n c e P o w e r p o i n t - C i t y o f E d m o n d s ( 2 0 2 3 C i t y o f E d m o n d s A u d i t