Eliminating the office of financial management.

HB 1794 eliminates Washington State's Office of Financial Management (OFM) and redirects $27.8 million in misused funds from the 2023-2025 budget cycle. It transfers all OFM responsibilities - like budget preparation, financial analysis, and record-keeping - to the Department of Revenue, State Auditor's Office, and State Treasurer's Office. The bill repeals 30+ existing laws governing the OFM and requires all its assets, records, and ongoing contracts to be transferred to the new agencies. This change aims to consolidate financial oversight while recovering nearly all misallocated funds without creating new taxes or spending.