News
Media contact
Hayden Mackley, deputy communications director
hayden.mackley@ofm.wa.gov
Phone: 360-628-2780
Latest news from OFM
| Publication Date | Title |
|---|---|
| 07/11/2025 |
Sub-subobjects added to match FDM Spend Category In the Workday Foundation Data Model (FDM), the Spend Category (SC) worktag is analogous to the AFRS sub-subobject codes. Most have a one-to-one relationship. However, the One Washington team has added more detailed SC codes to support reporting at a more granular level. Many, but not all, are in object J – Capital Outlays. Some agencies would like to use the more detailed coding in BI27 so that (a) the transition from AFRS to Workday will be easier, and (b) reporting over the biennium will be more uniform even though expenditures will be in both AFRS and Workday. |
| 07/11/2025 |
Disclosure Form Application is Open The Disclosure Form application is open for agency entry from July 8 until September 5. The key due dates are below. |
| 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. |
