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City Hall
1812 Main St.
P.O. Box 257
Lake Stevens, WA 98258

Annual & Financial Reports
About
The Washington State Auditor's Office (SAO) prescribes the accounting and reporting of local governments in the State of Washington, under RCW 43.09.200. Cities have the choice of two accounting and reporting options: GAAP and Cash Basis.

The City of Lake Stevens is categorized as Cash Basis and follows single-entry accounting and cash basis reporting procedures which do not reflect financial condition and results of operations in conformance with GAAP.

The City has been audited by the SAO on a biennial basis, yet completes and files financial reports annually in accordance with state law. Beginning in 2016, the City will receive annual financial statement audits based on SAO policy. Accountability audits will continue to occur on a biennial basis.

In 2011, the City of Lake Stevens received a congratulatory letter from Washington State Auditor, Brian Sonntag, in recognition of eleven consecutive audits without significant audit exceptions.

In 2015, the City continued it's exemplary record, again receiving an audit with no significant audit exceptions.