|
Secretary of State, Audits Division
Municipal Audit Program
255 Capitol St. NE, Suite 500
Salem OR 97310
sos.oregon.gov/audits
News About Municipal Audits in Oregon
Fiscal Year 2017
Summary of Audit Reports
The Municipal Summary Report for fiscal year 2017 audits filed with the Secretary of State has been released.
Municipal Audit Law requires all Oregon municipal corporations to submit an annual financial report to the Secretary of State. Counties, school districts, and municipalities spending more than $500,000 during the year are required to file an audit. For fiscal year 2017, 1,159 municipal corporations were required to file an audit with the Secretary of State by December 31, 2017, unless an extension was granted.
The Municipal Summary Report is prescribed in statute and includes information about the timeliness of reports filed, deficiencies noted in audits, and other required communications including auditor communications about deficiencies and the municipality's plan of action to address those deficiencies. Municipal corporations include counties, cities, school districts, and special districts.
Based on our review of the audits filed for fiscal year 2017:
- 861 (74%) were filed timely;
- 758 municipalities filed audit reports with no deficiencies noted;
- 382 (33%) reported one or more audit deficiencies;
- Of those, 172 (45%) filed the required plan of action to address those deficiencies; and
- 19 municipalities have not yet filed and are now more than one year delinquent.
Overall, we found compliance with Municipal Audit Law is improving as familiarity with the changes to the law in 2015 become more familiar to municipalities and their auditors.
Read the full report on the Secretary of State website.
Find Municipal Reports and Forms https://sos.oregon.gov/audits/Pages/muniaudits.aspx
|
