Provided with limited information, the state's auditors still managed to unveil a few--okay, a lot--of big red flags within King County's financial system, including poor construction management (What's a statewide construction project and budget tracking system?), poor cash and inventory management (loose control of cash fares collected on buses, the tracking of ammunition inventory for the Sheriff's Office, and top-down oversight on cash receipts, expenditures, and assets), and many more potential opportunities for the County to abuse and misuse public resources.
City Slicker State Auditors Make Fun of "Good Ole Boy" King Co. Bookkeeping
Sound Transit's Nose Found To Be Clean
The great folks at Seattle Transit Blog tipped us to this month's yet another audit conducted on Sound Transit. Independent auditor KPMG LLP gave the agency high marks. Since the corrupt private sector is naturally suspect, we're glad that this week's audit comes on the heels of a previous one released in January by State Auditor Brian Sonntag.
New Port Of Seattle Rule: No More Tummy Rubs
Welcome back to the Port of Seattle Roast, already in progress. Yesterday the Port released its response to a hilariously detailed audit commissioned by State Auditor Brian Sonntag, which "agrees with 37 of the audit's 49 recommendations," reports the Seattle Times.
For instance, the Port will immediately cease informal ways of resolving disagreements with contractors, known as "tummy rubs."more ›
What Would You Do With $97.2 Million?
If you're the Port of Seattle, you spend it on all kinds of stuff! Woo hoo! It's a mad-money third runway!

