Other pages about the topic: Accounting
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).
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.
The Washington Administrative and Accounting Manual (WAAM) will replace the State Administrative and Accounting Manual (SAAM) at Workday go-live.
Statewide Accounting is currently drafting WAAM. This page will be updated periodically with draft chapters as they are completed. The draft chapters will change as we continue to receive feedback and review internally.
The following chapters are available for review.
Background
Direct Pay, also referred to as Elective Pay, was passed in the Inflation Reduction Act (IRA) in 2022 and allows tax-exempt entities such as states, local governments, and nonprofit organizations to access federal clean energy tax credits for the first time. Direct pay has finally given tax-exempt public and nonprofit entities a real opportunity to bring clean energy’s job-creating and energy cost- and pollution-cutting benefits directly to more communities.
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