S-1404               _______________________________________________

                                         SUBSTITUTE SENATE BILL NO. 5142

                        _______________________________________________

State of Washington                               51st Legislature                              1989 Regular Session

By Senate Committee on Governmental Operations (originally sponsored by Senators McCaslin, Thorsness, DeJarnatt and Rasmussen; by request of State Auditor)

Read first time 1/30/89.

AN ACT Relating to local government financial reports; and amending RCW 43.09.230.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

        Sec. 1.  Section 43.09.230, chapter 8, Laws of 1965 as amended by section 41, chapter 75, Laws of 1977 and RCW 43.09.230 are each amended to read as follows:

          The state auditor shall require from every taxing district and other political subdivisions financial reports covering the full period of each fiscal year, in accordance with the forms and methods prescribed by ((him)) the state auditor, which shall be uniform for all accounts of the same class.

          Such reports shall be prepared, certified, and filed with the division within ((thirty)) one hundred fifty days after the close of each fiscal year.

          The reports shall contain accurate statements, in summarized form, of all collections made, or receipts received, by the officers from all sources; all accounts due the public treasury, but not collected; and all expenditures for every purpose, and by what authority authorized; and also:  (1) A statement of all costs of ownership and operation, and of all income, of each and every public service industry owned and operated by a municipality; (2) a statement of the entire public debt of every taxing district, to which power has been delegated by the state to create a public debt, showing the purpose for which each item of the debt was created, and the provisions made for the payment thereof; (3) a classified statement of all receipts and expenditures by any public institution; together with such other information as may be required by the state auditor.

          The reports shall be certified as to their correctness by the state auditor, ((his)) the state auditor's deputies, or other person legally authorized to make such certificate.

          Their substance shall be published in an annual volume of comparative statistics at the expense of the state as a public document.