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Multnomah County receives clean FY2025 financial audit; pension liability rises about $90 million
Summary
The Multnomah County Board acknowledged the county's FY2025 comprehensive financial report and single audit, which returned an unmodified (clean) opinion. Auditors found no material compliance findings; staff highlighted a roughly $90 million increase in pension obligations and large capital and program spending.
The Multnomah County Board on Friday acknowledged the county's annual comprehensive financial report for the fiscal year ended June 30, 2025, and the accompanying external audit, which returned an unmodified opinion.
Chief Financial Officer Eric Arellano told commissioners the county received a clean opinion on its financial statements and no reportable compliance findings in the federal single audit. Arellano highlighted that the county had fully expended most ARPA funds in 2025 and reported federal expenditures of roughly $93 million for the year. He also…
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