Audited reports are available 6 months after the June 30 fiscal year end. Prior year reports are available, however, quantities are limited. We hope to have the most current year's report available on-line in the near-future.
CERTIFICATE OF ACHIEVEMENT FOR EXCELLENCE IN FINANCIAL REPORTING
The Oregon Municipal Audit Law (ORS 297.405 - 297.555) requires that every municipal corporation order an audit of its accounts and financial affairs at least once a year.
Talbot, Korvola , and Warwick, LLP, CPAs are the independent auditors for the City. They have completed Hillsboro's annual financial audits and issued unqualified or "clean" opinions every year since 1994. Prior to 1994, Price Waterhouse, CPAs performed the annual audit. These audits 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. Additionally, these annual financial audits have included favorable Compliance and Internal Control reports as required by Government Auditing Standards.
The City of Hillsboro has received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) of the United States and Canada every year since its 1995-96 audit report. The Certificate Program, which was established in 1945, is designed to recognize and encourage excellence in financial reporting by state and local governments. The certificate is presented to governments whose comprehensive annual financial reports (CAFRs) achieve the highest standards in government accounting and financial reporting.
Comprehensive Annual Financial Report (CAFR):