The Washington Guardian Report, Accounting and Proposed Budget is a comprehensive budget process used by the state of Washington. It is used to review the state’s financial situation, create a plan to allocate available funds, and provide a detailed breakdown of the proposed budget. The process includes four components: the Washington Guardian Report, the Accounting Report, the Proposed Budget, and the Final Budget. The Washington Guardian Report is an annual assessment of the state’s financial health and provides an overview of the state’s financial position. This report is prepared by the Office of Financial Management and provides detailed information about the state’s income, expenses, and other financial data. The Accounting Report provides detailed information about the state’s income and expenses. This report is prepared by the Office of Financial Management and provides a comprehensive overview of the state’s financial transactions. The Proposed Budget is a detailed plan of how the state will allocate funds for the upcoming fiscal year. This report is prepared by the Office of Financial Management and includes an overview of the proposed budget, a breakdown of the proposed funding sources, and a detailed explanation of the proposed budget allocations. The Final Budget is the final version of the proposed budget. This report is approved by the legislature and becomes the state’s official budget for the upcoming fiscal year. The Washington Guardian Report, Accounting and Proposed Budget process is an important tool for state budgeting and provides an overview of the state’s financial situation and a detailed breakdown of the proposed budget.