The Oregon Municipal Audit Law (ORS 297.405 ~ 297.555) requires a financial audit and examination be made of the accounts and financial affairs of every municipal corporation at least once a year.
The City has received an unqualified opinion on its annual financial audit from its independent auditors for over twenty-five years. These audits have found that the City's financial statements present fairly the City's financial condition and are in conformance with generally accepted accounting principles applied on a consistent basis. The annual audit also includes favorable Compliance and Internal Control reports as required by Government Auditing Standards.
Comprehensive Annual Financial Report (CAFR)
The City's complete audited financial statements are presented in a Comprehensive Annual Financial Report (CAFR) that encompasses all funds and component units.
Complete Comprehensive Annual Financial Reports (Download below):
- FY12 Complete Audit Document (3.5MB in size)
- FY11 Complete Audit Document (2MB in size)
- FY10 Complete Audit Document (2MB in size)
Any citizen who is interested in receiving a hard copy of the CAFR may contact the Finance Department at City Hall - first floor. Copies will also be on file at the public library.
To view the urban renewal audit reports for the Lake Oswego Redevelopment Agency (LORA) click here.