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Media contact

Hayden Mackley, deputy communications director
hayden.mackley@ofm.wa.gov
Phone: 360-628-2780

Latest news from OFM

Publication Date Title
06/27/2025

WAAM Chapter 160 – Accounts Receivable is now available

We are excited to announce the draft version of Chapter 160 – Accounts Receivable is available for review in WAAM (Washington Administrative and Accounting Manual, which will replace SAAM when the state moves to Workday).

Many of the state’s policies regarding accounts receivable remain unchanged, and therefore WAAM Chapter 160 – Accounts Receivable includes several sections previously included in SAAM such as agencies’ responsibilities, required documentation, and the collection process. These sections of WAAM apply to ALL state agencies.

06/27/2025

Lease & SBITA Year-End Reminders

It’s hard to believe it’s already been three years since we implemented GASB 87 for leases and two years since we implemented GASB 96 for SBITAs! This will be our second year utilizing DebtBook and we are hopeful the process will be much smoother for agencies.

As a reminder, annually agencies need to make sure they accomplish the following:

06/27/2025

Washington population growth slowing

OLYMPIA – Washington state’s total population grew by an estimated 79,400 — to 8,115,100 as of April 1, 2025, according to annual estimates prepared by the Office of Financial Management.

Washington is growing, though it is doing so much slower than the annual average from last decade (79,400 in 2025 compared to 98,200 from 2010–20). The population is growing slower than last year, with an unadjusted growth rate of 1%. Looking at the current decade as a whole, the population has increased by 408,790 since April 1, 2020, which represents an increase of 5.3%.

06/25/2025

Transportation revenue forecast shows modest increase since budget was signed

OLYMPIA – Washington’s projected transportation revenue collections through 2029 increased by around $6.8 billion from the March 2025 forecast, according to estimates released today by the Washington State Transportation Economic and Revenue Forecast Council.

Of the increase, $280 million is due to economic changes since the March forecast. This represents a modest growth in expected revenue from when the Legislature passed the 2025-27 transportation budget in April.

06/24/2025

Legislative changes boost state revenue forecast despite economic headwinds

OLYMPIA – Washington’s projected Near General Fund revenue collections through 2029 increased by around $8 billion from the March 2025 forecast, according to estimates released today by the Washington State Economic and Revenue Forecast Council.

06/02/2025

2025 WA State Employee DEI Empowerment Conference held June 4, 5, 11, 12

Reserve your spot today - registration for the 2025 DEI Empowerment Conference is now live!

Visit our website for details, then explore the schedule and sign up for sessions.

 

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