The Accounting and Fiscal Services Division maintains the internal controls, policies, and procedures that ensure accurate reporting and integrity of accounting transactions. The Treasurer’s Office is responsible for receiving, maintaining, disbursing, and transferring all public monies of the state unless required by law to be handled by other state agencies.
The division accounts for all monies received, disbursed, and transferred. It maintains accounting document records and treasury bank transactions (though we do not control the volume of transactions and money received, disbursed, and transferred).
It is responsible for analyzing and implementing policy changes promulgated by Governmental Accounting Standards Board (GASB), Financial Accounting Standards Board (FASB), the Office of Financial Management, the state legislature, and other authoritative sources so that needed changes can be made in a timely and appropriate manner.
The Division includes:
The Agency Financial Reporting System (AFRS) is Washington state’s central accounting system. This system uses general ledgers (GL) to record detail data within AFRS, and In-Process reports to reconcile these entries.