Washington HB2058 mandates third-party audits for private entities receiving public grants, ensuring transparency and accountability.

Washington HB2058 requires private entities receiving public moneys through grants to hire a third-party auditor approved by the state auditor. The audit must detail the total public funds received, how they were spent, and verify proper allocation and use. It also assesses program effectiveness and community support. Audits must be published on the state auditor's website, with the audited entity bearing the cost. The bill defines "private entity" and limits administrative expenses to 15% of public funds.

Washington HB2058 mandates third-party audits for private entities receiving public grants, ensuring transparency and accountability.

Washington HB2058 requires private entities receiving public moneys through grants to hire a third-party auditor approved by the state auditor. The audit must detail the total public funds received, how they were spent, and verify proper allocation and use. It also assesses program effectiveness and community support. Audits must be published on the state auditor's website, with the audited entity bearing the cost. The bill defines "private entity" and limits administrative expenses to 15% of public funds.