News archive
| 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. |
| 05/30/2025 |
Workday Statewide Supplier Registration Process OFM has released WAAM Chapter 90 – Statewide Customers and Suppliers which provides more details about the process to register Statewide Customers and Suppliers. Suppliers are required in Workday to process payments using a Supplier Invoice. Like statewide vendors today, Suppliers are set up and governed by the Office of Financial Management Statewide Registration Desk. |
| 05/28/2025 |
May economic report: Job cuts ahead in transportation, telecom, health care, and distribution industries The May economic snapshot is now available: May 2025 Washington Monthly Economic ReportThis is a report produced by the Office of Financial Management’s Forecasting and Research Division. Here are some key highlights from this month's report: |
| 05/27/2025 | SAAM Directive 25A-02 issued May 27, 2025 |
| 05/16/2025 |
Introducing “News from Statewide Accounting” In an effort to provide more timely communication, Statewide Accounting is excited to announce a new format for our newsletter, News from Statewide Accounting. Statewide Accounting has been providing information to agencies via The Connection Newsletter for many, many years. Times have changed, and it’s time for our beloved newsletter to change as well. |
| 05/16/2025 |
WAAM Chapter 80 – Foundation Data Model is now available We are excited to announce that a draft version of Chapter 80 - Foundation Data Model (FDM) is available for review in WAAM (Washington Administrative and Accounting Manual, which will replace SAAM when the state moves to Workday). |
| 05/06/2025 |
State report highlights opportunities to strengthen maternal health care in Washington As May marks Women’s Health Month, maternal health care in Washington is at a pivotal moment. A recent report published by the Washington State Office of Financial Management reveals a new overall decline in the state’s birth rate, a rise in the costs of giving birth, and continued disparities in costs and access to maternal care depending on race and socioeconomic background. The findings serve as a call to action to address disparities and improve care for every mother and child in the state. |
| 04/30/2025 | 2024 Single Audit Report issued April 30, 2025 |
| 04/29/2025 |
April economic report: Potential suspension of aircraft exports to China could result in 19,000 fewer jobs in WA April's economic snapshot is now available: April 2025 Washington Monthly Economic Report [PDF]This month we have added trends on Washington imports and exports. We have also highlighted the possible impacts of a potential suspension of Boeing deliveries to China (p. 12). |
| 04/22/2025 | Celebrate public employees at events in Olympia, Spokane and Tri-Cities, May 7–8 |
| 03/25/2025 |
March economic report highlights strong trade relationship with Canada March's economic snapshot is now available: March 2025 Washington Monthly Economic Report [PDF]This month we have added data on Washington's trade relationship with Canada - see page 12. Here are some key highlights from this month's report: |
| 03/18/2025 |
Projected state revenue through 2029 down by $845 million Washington’s projected Near General Fund revenue collections through 2029 decreased by $845 million overall from the November 2024 forecast, according to estimates released today by the Washington State Economic and Revenue Forecast Council. The forecast is comprised of revenue estimates for the current biennium (2023–25) which ends June 30, 2025, the next biennium (2025–27), and the subsequent biennium (2027–29). Biennium |
| 02/27/2025 |
Gov. Ferguson presents plan to save $4 billion to address historic budget shortfall Work to identify potential savings and efficiencies continues OLYMPIA — On Day 43 of his administration, Governor Bob Ferguson proposed a plan to save approximately $4 billion. Ferguson’s proposals: |
| 02/27/2025 | Budget reductions |
| 02/25/2025 |
February 2025 Washington Monthly Economic Report The February 2025 Washington Monthly Economic Report is now available. Here are some key highlights from this month's report: |
| 01/31/2025 |
January 2025 Washington Monthly Economic Report The January 2025 Washington Monthly Economic Report is now available. Here are some key highlights from this month's report: |
| 01/24/2025 | Memo to agencies: Direction to agencies on 2025-27 budget reduction proposals |
| 01/23/2025 |
Nominate a state employee or team for a Public Service Recognition Award in 2025 If you know a state employee who consistently excels beyond expectations, you have until February 14 to nominate them for either the Extra Mile Award or the Leadership Award. They could be a coworker, your employee, your supervisor, or a whole team (section, division or department) - anyone who you think has made a meaningful impact and deserves recognition for their dedication to public service. |
| 01/08/2025 | SAAM Directive 25A-01 issued January 8, 2025 |
