Prepared by the Business Office
A Popular Annual Financial Report (PAFR) is intended to increase awareness of the financial operations of the West Linn-Wilsonville School District and provide the community with an understanding of the District's financial performance and fiscal health in a user-friendly manner.
It is important to note that each PAFR presents the WLWV School District's financial condition in a highly condensed format. The PAFR's financial data was taken from our Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30 of any given fiscal year. The CAFR is prepared in conformance with Generally Accepted Accounting Principles (GAAP). It includes audited financial statements, disclosures, an opinion statement from our independent external auditors, and other detailed financial information.
The PAFR is prepared on a non-GAAP basis and is unaudited. It focuses on the District's General Fund, Special Revenue Fund, Debt Services Fund, and Capital Projects. The PAFR should help stakeholders understand how their tax dollars are utilized for student education. Our goal is to provide financial transparency in an understandable manner.