Budget & Audit Committee
Statement on fiscal integrity
The Budget and Audit Committee expresses a high-degree of confidence in WSBA’s financial integrity following another clean yearly audit opinion for Fiscal Year 2018. Committee members reviewed the independent auditor’s report in January that certified that WSBA finances are well managed and accurate in all material respects. WSBA has received similar clean “unmodified opinions” (no adjustments made, no material weaknesses, no management letter issued) from independent audit firms for at least the past 30 years. The positive opinion indicates that WSBA has strong internal financial controls.
The Board of Governors sets operational priorities and approves WSBA’s annual budget, and the Budget and Audit Committee meets monthly to oversee financial matters. Committee members are committed to being accountable to members and the public through a high level of transparency and active examination of fiscal operations. As such, the WSBA will continue to work with independent auditors to ensure robust and appropriate audits into the future.
Most financial information, including detailed financial statements, the current budget with revenues and expenditures by line item, Treasurer Reports, and audit reports, are on the Finance page.
Responsibilities of the Budget & Audit Committee
The committee reviews, recommends, and takes action as empowered by the Board of Governors, on WSBA financial matters regarding:
- Annual budget and long range financial planning
- Annual independent audit
- Financial reports
- Significant fiscal policies
- Designated expenditure approvals
Next Meeting: Feb. 24, 2020
NOTICE IS HEREBY GIVEN by the Washington State Bar Association Board of Governors, pursuant to RCW 42.30.080, that a Budget and Audit Committee meeting will be held on:
Date: Monday, Feb. 24
Time: 1–5 p.m.
Location: Washington State Bar Association, 1325 Fourth Ave., Suite 600, Seattle, in the Adams and Rainier conference rooms
Some board members may participate via conference call. A speaker phone will be available at the meeting location noted above for members of the public to attend and hear statements/discussion of those members participating by phone. In addition, call-in instructions are below for members of the public who would like to attend telephonically.
The purpose of the meeting is for the committee to discuss, deliberate, and take potential final action regarding the following agenda items.
- Approval of January 27th Meeting Minutes
- January 2020 Financial Statements discussion
- Update of ongoing projects
- Deep Dive Audit
- 2020 Reforecast
- Adaptive Insights update
- LLLT Update on Business Plan
- Discussion on potential increase to the facilities reserve
- Fast Case and Casemaker
- Audit Firm Selection Process (Discussion)
- Public Comment
- Review of Hours Tracking
Reasonable accommodations for people with disabilities will be provided upon request. Please contact Diane Plummer-Cranston at firstname.lastname@example.org or 206-727-8288.
Instructions for public call in: 1-866-577-9294, access code 528266
You are not required to state your name to join this meeting. If the conference call provider message asks that you state your name, you may press#, without stating your name, and you will be connected to the meeting. Committee members will be required to state their name in order to establish a quorum.
- FY 2020 WSBA Budget
- Financial Statements
- Sections' Financial Statements
- Lawyer License Fees
- Fiscal Policies, Procedures, and Reimbursement
- Washington Supreme Court Order Setting 2019 LLLT and LPO License Fees
WSBA Treasurer Reports
As published in NWLawyer
Contact the Committee
Interim Executive Director: Terra Nevitt, Terran@wsba.org
Treasurer: Dan Clark, DanClarkBOG@yahoo.com