News
Media contact
Hayden Mackley, deputy communications director
hayden.mackley@ofm.wa.gov
Phone: 360-628-2780
Latest news from OFM
| Publication Date | Title |
|---|---|
| 07/31/2025 |
Monthly FDM Update Submissions Begin August 1 Sharing news from One WA. What’s Changing Starting Friday, August 1, agencies are invited to submit Foundation Data Model (FDM) updates by the first of each month. The monthly cadence is expected to continue through December 2025 and will help prepare for FY26 Chart of Accounts changes and new federal grant awards ahead of the next tenant build. Why This Change |
| 07/31/2025 |
WAAM Chapter 100 – Budgets is now available The draft version of Chapter 100 – Budgets is available for review in WAAM (Washington Administrative and Accounting Manual), which will replace SAAM when the state moves to Workday. After Workday go-live, much of the budget process will remain the same as today, but some things will change, such as: |
| 07/31/2025 |
Fiscal Year-End: Compensated Absences GASB Statement No. 101, Compensated Absences updates the recognition and measurement guidance for compensated absences by: |
| 07/31/2025 |
July economic report: slight decline in home prices and auto sales The July economic snapshot is now available: July 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: |
| 07/23/2025 |
Climate Commitment Act funding dashboard gets a makeover OFM published a Climate Commitment Act dashboard for fiscal year 2024 in November 2024. The dashboard allows users to find where CCA revenue is being spent around the state, and for what kind of projects. |
| 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. |
