Audit Ltr 11/28/2006
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AR I LE & SMITH LLC
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November 28, 2006
Board of Directors
WOODBURN URBAN RENEWAL AGENCY
270 Montgomery St.
W oodbum, OR 97071
Enclosed are 10 copies of the audit report for the year ended June 30, 2006 and one copy for your
records of the Summary of Revenues and Expenditures, which we are required to file with the
Secretary of State.
You should file, within 30 days, a copy of the audit report with the State of Oregon, Secretary of
State, Audits Division. You should remit a check to them in the amount of $200.00 to cover the
required filing fee.
Very truly yours,
'8oUt, ~ & Smitlt. LLe
Certified Public Accountants
Enclosures
H:CLIEl\T9 _\98425\TRAl\SMIT ALS - UR.DOC
Established - 1968
www.bcsllc.com
SALEM: 480 CHURCH STREET S.E. . SALEM, OR 97301 . PHONE: (503) 585-7751 . FAX: (503) 370-3781
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STAYTON: 408 NORTH THIRD AVENUE . STAYTON, OR 97383 . PHONE: (503) 769-2186 . FAX: (503) 769-4312
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ALBANY: 1205 9TH AVENUE S.E. . ALBANY. OR 97322 . PHONE: (541) 928-6500 . FAX: (541) 928-6501
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AR IS E & SMITH LLC
November 28, 2006
SECRETARY OF STATE
Audits Division
Salem, OR 97310
Enclosed is a copy of the Summary of Revenues and Expenditures for WOODBURN URBAN
RENEW AL AGENCY, Oregon for the year ended June 30, 2006.
Very truly yours,
'8oUt, ~ & SmitIt, LLe
Certified Public Accountants
Enclosure
I I '.cuE1\T9 _\98425\TRANS\1lT ALS - UR.DOC
Established - 1968
www.bcsllc.com
SALEM: 480 CHURCH STREET S.E. . SALEM. OR 97301 . PHONE: (503) 585-7751 . FAX: (503) 370-3781
.._____. . _. '_n "'~""._m ._...__._.,,_.._""_,____.___._ ~ ___
STAYTON: 408 NORTH THIRD AVENUE . STAYTON, OR 97383 . PHONE: (503) 769-2186 . FAX: (503) 769-4312
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ALBANY: 1205 9TH AVENUE S.E. . ALBANY, OR 97322 . PHONE: (541) 928-6500 . FAX: (541) 928-6501
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OREGON AUDITS DIVISION
SUMMARY OF REVENUES AND EXPENDITURES
Name of Municipal Corporation
WOODBURN URBAN RENEWAL AGENCY
Address
270 MONTGOMERY STREET, WOODBURN, OR 97071
STREET / POBOX CITY STATE
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Period Covered by Audit/Review Report
From July 1,2005
To June 30,2006
ZIP
Total Revenues and/or Receipts - All Funds
Less:
Revenues of Component Units included in report of primary government
Interfund loans and transfers
Receipts from short-term loans
Taxes, assessments and other collections to be distributed to other governmental units
Net Revenues and/or Receipts
Total Expenditures and/or Disbursements - All Funds
Less:
Expenditures of Component Units included in report of primary government
Interfund loans and transfers
Principal Payments - short-term loans
Principal Payments - bonded or other long-tenn debt
Principal Payments - warrants issued during prior years
Turnovers to other municipal corporations:
Taxes and Assessments
Other Distributions
Other Trust Moneys
Net Expenditures and/or Disbursements
The above information is based upon the revenues and expenditures/expenses for all funds of the municipal corporation on the
basis of accounting used in the audited or reviewed financial statements.
Auditor/Firm Signature '8o.edt, ~ & Smitk, ile
PLEASE ENCLOSE PAYMENT WITH SUMMARY
Over Not Over Fee ORS 297.485 (1)
0 $ 50,000 $ 20 ... The filing fee shall be determined by the total expenditures made by the
$ 50,000 150,000 40 municipal corporation for any and all purposes during the calendar or fiscal year
] 50,000 500,000 ISO audited, except that expenditures for principal of bonded debt, principal of short-
500,000 1,000,000 200 term loans, principal of warrants redeemed which were issued during prior audit
1,000,000 5,000,000 250 periods, transfers or loans between funds and turnovers of taxes or other trust
5,000,000 10,000,000 300 moneys to other municipal corporations shall not be included in the total
10,000,000 50.000,000 350 expenditures upon which the amount of the fee is based.
50,000,000 400 (Net Expenditures and/or Disbursements)
Within 30 days after delivering the audit report to the municipal corporation, one copy of this summary must be filed with the
Secretary of State, Division of Audits, Salem, Oregon 97310, and one copy must be delivered to the municipal corporation.
For Use by Audits Division
Account Code
Firm Code
Filing Fee
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