The audit recommended that Solid Waste request vendors to bid on all purchases on a total cost basis, and that bid documents include a repair option. Lease vs. purchase analysis not performed or included in bid proposals. Although lease vs. purchase analysis is required by the King County Code only whenever leasing is contemplated, it is audit staff opinion that leasing should be considered as an option to purchasing equipment as well. The audit recommended that Solid Waste consider equipment leasing as an alternative to purchasing Finding 4. Equipment maintenance records for surplused equipment not kept.
Records are also important for accountability and economic analysis.
However, Solid Waste did not maintain records of surplused equipment. Solid Waste equipment inventory appears to be accurate. The audit did not verify the accuracy of the equipment inventory. However, it was audit opinion that sufficient accounting controls and visibility were employed to provide reasonable assurance of accuracy. Economic life estimate not based on economic analysis which reflects actual use and local conditions.