H-2181 _______________________________________________
SUBSTITUTE HOUSE BILL NO. 732
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C 165 L 87
State of Washington 50th Legislature 1987 Regular Session
By House Committee on State Government (originally sponsored by Representatives H. Sommers, B. Williams and Belcher; by request of Office of State Auditor)
Read first time 2/27/87 and passed to Committee on Rules.
AN ACT Relating to the audit services revolving fund; amending RCW 43.09.412 and 43.09.416; and repealing RCW 43.09.320.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. Section 2, chapter 336, Laws of 1981 and RCW 43.09.412 are each amended to read as follows:
The amounts
to be disbursed from the auditing services revolving fund ((from time to
time)) shall be transferred thereto by the state treasurer from funds
appropriated to any and all state departments for auditing services or
administrative expenses on a ((quarterly)) monthly basis. State
departments operating in whole or in part from nonappropriated funds shall pay
into the auditing services revolving fund such funds as will fully reimburse
funds appropriated to the state auditor for any auditing services provided
activities financed by nonappropriated funds.
The director of financial management shall allot all such funds to the state auditor for the operation of his office, pursuant to appropriation, in the same manner as appropriated funds are allocated to other state departments headed by elected officers under chapter 43.88 RCW.
Sec. 2. Section 4, chapter 336, Laws of 1981 and RCW 43.09.416 are each amended to read as follows:
The state
auditor shall keep such records as are necessary to facilitate proper
allocation of costs to funds and state departments served and the director of
financial management shall prescribe appropriate accounting procedures to
accurately allocate costs to funds and state departments served. ((Billings
shall be adjusted in line with actual costs incurred at intervals not to exceed
six months: PROVIDED, That the)) The billing rate shall be established
based on costs incurred in the prior biennium and anticipated costs in the new
biennium. Those expenses related to training, maintenance of working capital
including reserves for late and uncollectible accounts, and necessary
adjustments to billings, shall be considered as expenses of auditing public
accounts. Working capital shall not exceed five percent of the auditing
services revolving fund appropriation. The director of the office of
financial management shall establish a committee of at least three certified
public accountants with private sector audit experience to prepare general
guidelines governing procedures to be used in determining audit costs and
standards for measuring auditor productivity. These proposed procedures and
productivity standards shall be presented for review by the house and senate
committees on ways and means prior to the 1982 regular session of the
legislature.
NEW SECTION. Sec. 3. Section 43.09.320, chapter 8, Laws of 1965 and RCW 43.09.320 are each repealed.