Title
AN ORDINANCE amending budget management reporting requirements; and amending Ordinance 620, Section 4 (part), as amended, and K.C.C. 4A.100.100.
Body
STATEMENT OF FACTS:
K.C.C. Title 4 was last comprehensively revised in 2014 largely as K.C.C. Title 4A. The purpose of this ordinance is to update a section of the code concerning quarterly budget management reporting requirements.
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Ordinance 620, Section 4 (part), as amended, and K.C.C. 4A.100.100 are each hereby amended to read as follows:
The following reports shall be prepared:
A. A comprehensive annual financial report. The executive shall annually prepare and publish a comprehensive financial report covering all funds and financial transactions of the county during the preceding fiscal period;
B. Internal county audit reports. The county auditor shall periodically prepare and publish the results of examinations performed by the county auditor's office of the effectiveness and efficiency of the operation of county agencies. The examination report and any departmental response to the audit shall be made available by the county auditor, either electronically or in print formats, and by posting on the Internet;
C. State audit report. The examination report of the county's financial affairs and transactions issued annually by the Office of the State Auditor and the county response to the audit shall be made available they the State Auditor annually, either electronically or in print formats, and by posting on the Internet.
D. Quarterly budget management reports.
1. The executive shall submit to the council a report detailing the results of actual revenue collections and expenditures for each fund. The report shall:
a. present ((significant executive revisions to the)) current ((fiscal period)) financial plans ((by providing updated operating and capital fund financial plans)) for ((each revision)) operating and capital...
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