Financial Statements and Annual State Audit

Comprehensive Annual Financial Report (CAFR)


The CAFR is the official annual financial report prepared

by the City. The report conforms to national accounting and reporting standards and is audited each year by the Washington State Auditors Office. The report includes all financial activities of the City.



Annual Audit


The City of Bainbridge Island is audited each year by the Washington State Auditor’s Office. According State Auditors Office, the purpose of this audit is to “assure users of governmental financial statements; that those statements are fairly presented," and to provide users with “an independent basis for relying upon management’s assertions concerning the government’s financial position, results of operations and cash flows.” The audit is a thorough process, in which a member of the auditor’s office spends six to eight weeks at city hall inspecting records, interviewing staff and observing and evaluating the city’s financial processes.


Reports


View the following financial statements and reports:

2015 Comprehensive Annual Financial Report (CAFR) 
2014 Comprehensive Annual Financial Report (CAFR)
2014 Accountability Report
2013 Audited Financial Statement 
2013 Accountability Audit Report
2012 Audited Financial Statements    
State Audits

The State Auditor's Office mission is to work in cooperation with their audit clients and citizens as an advocate for government accountability. As an elected agency, the State Auditor's Office has the independence necessary to objectively perform audits and investigations. Their audits are designed to comply with professional standards as well as to satisfy the requirements of federal, state, and local laws.