Five years after its inception, the latest and most advanced version of the Office of the Washington State Auditor’s Financial Intelligence Tool, which was initially designed to help local government officials analyze complex financial statements, is now available to the public.
FIT is an online, interactive program that displays historical financial information in a trend format, with graphs and charts that allow for easy analysis.
The new tool features the same financial data that local governments have been supplying to the auditor’s office for years. Now that data is available to the public. According to the Office of the Washington State Auditor, users can:
- View individual government profiles that includes information on revenues, expenditures, geographical location, and more.
- Explore government financial data through an interactive map interface.
- Easily see how a government’s financial health is doing.
- Compare governments against each other, as well as view their history of filing their annual report on time, and their overall financial trends throughout time.
Understanding a government’s financial health can be complex. To help officials regularly assess and monitor their government’s financial health, the Local Government Performance Center at the Washington State Auditor’s Office developed FIT.
Since its release in February 2015, more than 400 local government users from across Washington have accessed the tool, according to the Washington State Auditor’s Office.
Click here to access FIT.