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Portland accepts 2024 annual financial report after clean audit
3620187 · March 18, 2025
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Summary
The city received an unmodified (clean) audit opinion for the fiscal year ended Sept. 30, 2024, showing about $9.2 million in unassigned general fund balance (roughly five months of reserves); the City Council voted to accept the report.
The Portland City Council voted on March 18 to accept the city’s annual comprehensive financial report for the fiscal year ended Sept. 30, 2024, after auditors delivered an unmodified (clean) opinion.
Kyle Loehr of ABIP, the independent audit firm engaged by the city, told the council the audit found the city’s financial statements are…
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