Audited Financial Statements
The Jackson County Library District is subject to Oregon Municipal Audit Law, ORS 297.405 to 297.555, which means that the District is audited at least once each fiscal year by an accountant licensed as a municipal auditor by the Oregon Board of Accountancy.
Purpose of the Audit
The auditor’s main purpose is to independently review the District's financial statements to attest to their fairness. In addition to this, the auditor will also:
- Comment on the compliance of the District’s financial affairs with applicable laws and budget requirements.
- Assist the District in revising its accounting system to increase efficiency and ease of function.
- Help the District institute procedures that will increase accuracy of record keeping and strengthen internal controls.
Included below are the District's audited financial statements since the District was formed in May 2014. Audit reports are due to the Oregon Secretary of State within six months after the close of the fiscal year under audit. For example, the Audited Financial Statement for the Fiscal Year ending June 30, 2019 must be filed with the State by or before December 31, 2019, unless an extension has been granted by the Secretary of State.