Annual Financial Reports

Oregon statutes require that all general purpose local governments publish a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) and are audited in accordance with generally accepted auditing standards by a firm of licensed certified public accountants under the direction of a licensed municipal auditor. The purpose is the for auditors to express an independent opinion on the finances and accounting of the government and document so that the financial position and results of the government entity can be publicly available to citizens, legislators, financial institutions, and others interested in such information.