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as of June 18, 2018:

$1 USD = $1.3229 CAD
$1 CAD = $0.7559 USD

Notifications: Notifications

Washington Financial Impact Report

Thursday, August 6, 2015  
Dear IRP Member Jurisdiction:

This letter is to inform you of the results of the inadequate assessment financial impact reports provided quarterly by the State of Washington to the IRP Dispute Resolution Committee (DRC) and reviewed by the DRC during the recent meeting held in Savannah, Georgia.  

The State of Washington was cited as out of compliance with Plan Section 1015 (Inadequate Records; Assessment) during the 2014 DRC meeting.  In the 2014 DRC ruling, Washington was required to track and provide to the DRC a list of accounts that were affected by them continuing to charge 100% Washington fees instead of the adopted 20% additional fees for every jurisdiction. At the DRC meeting in May 2015, Washington was still out of compliance and is required to provide the Peer Review Committee (PRC) a list of accounts for any audits performed resulting in an inadequate records assessment where they are charging 100% Washington fees.    

The State of Washington notified the DRC on July 22, 2015 that their legislation has passed effective July 1, 2015.  Any audits that result in an inadequate records assessment on July 1, 2015 or after, will be charged the 20% penalty for each jurisdiction.  Any audits started prior to July 1, 2015, resulting in an inadequate records assessment will follow the previous laws of charging 100% Washington fees. Washington also informed the DRC that they will be distributing fees/penalties collected to each jurisdiction.   

Washington was notified that the DRC would provide each IRP Member Jurisdiction a summary of the report on the financial impact to the jurisdictions. See the summary of this report.  

Please let me know if you have any questions or need additional information. 

Tim Adams
IRP, Inc.

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