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Summary Rev & Exp 06/30/2008Bt~LDT, CARI.ISL H LLC CERTIFIED PUBIC ACCOUNTANTS PARTNERSHIP ^ ASSURANCE ^ INNOVATION December 26, 2008 Board of Directors WOODBURN URBAN RENEWAL AGENCY 270 Montgomery St. Woodburn, OR 97071 Enclosed are 10 copies of the audit report for the year ended June 30, 2008 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 $40.00 to cover the required filing fee. Very truly yours, ~4~, ~ & s~, .tee Certified Public Accountants Enclosures H:\CLIENT9 \98425\TRANSM[TALS - UR.DOC SALEM: 480 CHURCH STREET SE ^ SALEM, OR 97301 ^ PHONE: (503) 585-7751 ^ FAX: (503) 370-3781 STAYTON: 408 NORTH THIRD AVENUE ^ STAYTON, OR 97383 ^ PHONE: (503) 769-2186 ^ FAX: (503) 769-4312 ALBANY: 321 lit AVENUE E STE 2A ^ ALBANY, OR 97321 ^ PHONE: (541) 928-6500 ^ FAX: (541) 928-6501 C~Op17 OREGON AUDITS DIVISION SUMMARY OF REVENUES AND EXPENDITURES Name of Municipal Corporation WOODBURN URBAN RENEWAL AGENCY Address 270 MONTGOMERY STREET, WOODBURN, OR 97071 STREET / P O BOX CITY STATE ZIP Period Covered by Audit/Review Report From July 1, 2007 To June 30, 2008 Total Revenues and/or Receipts - (Government-wide + Fiduciary Funds) $ 594,981 Less: Revenues of Component Units included in report of primary government Taxes, assessments and other collections to be distributed to other governmental units Net Revenues and/or Receipts $ 594,981 Total Expenditures and/or Disbursements - (Government-wide + Fiduciary Funds) $ 227,732 Less: Expenditures of Component Units included in report of primary government Turnovers to other municipal corporations: Taxes and Assessments Other Distributions Net Expenditures and/or Disbursements $ 227,732 The above information is based upon the revenues and expenditures/expenses for government-wide and fiduciary activities of the municipal corporation on the basis of accounting used in the audited or reviewed financial statements. Auditor/Firm Signature ~O~Z`, ~~~ & .~`~tGtr~t, .LL'e 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 150,000 500,000 150 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