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
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.