Vancouver port in compliance with state laws, audit finds
Monday, September 17, 2012
The Port of Vancouver's financial controls are "adequate to safeguard public assets" and the port has "no deficiencies" in its management of major federal programs, according to two reports released Monday by the Washington State Auditor's Office.
The auditor's accountability and financial audit reports, covering all of 2011, examined many areas, including the port's basic financial statements, how it makes purchases and obtains professional service contracts, its compliance with prevailing wage and contract rules, and its leasing activities.
The port "complied with state laws and regulations and its own policies and procedures in the areas we examined," according to the auditor's accountability report.