Annual Comprehensive Financial Report
Prepared by the Business Office
NOTICE OF APPROVAL BY
WEST LINN WILSONVILLE SCHOOL DISTRICT
OF A CONTRACT-SPECIFIC SPECIAL PROCUREMENT TO AUTHORIZE THE SUPERINTENDENT TO NEGOTIATE AND EXECUTE A CONTRACT FOR AUDIT SERVICES.
Date of Notice: February 7, 2022
On February 7, at a duly noticed public meeting, the Board of Directors of West Linn-Wilsonville School District (“District”), acting as the District's Local Contract Review Board, approved a request by the Superintendent for contract-specific special procurement pursuant to ORS 279B.085. The contract-specific special procurement authorizes negotiation and execution of an audit services contract with Pauly Rogers & Co., CPA firm. Copies of the request and the minutes of the meeting approving the request are available for inspection at the above address or by calling Kelly Douglas at firstname.lastname@example.org or ph 503-673-7034 * fax 503-673-7001.
Any affected person may protest the approval of special procurement in accordance with ORS 279B.400 and OAR 137-047-0700 by delivering a written protest to the Local Contract Review Board at email@example.com or West Linn-Wilsonville School District, Administration Building, 22210 SW Stafford Road, Tualatin, OR 97062 not later than seven (7) days after the date of this notice.
This information will be published in the February 16 edition of the Wilsonville Spokesman and the February 17 edition of the West Linn Tidings.An Annual Comprehensive Financial Report is a set of government financial statements comprising the financial report of the School District that complies with the accounting requirements—generally accepted accounting principles (GAAP)—promulgated by the Financial Accounting Standards Board (FASB).
An Annual Comprehensive Financial Report is "compiled" by the District accounting staff and "audited" by an external (AICPA) certified accounting firm utilizing FASB requirements. It is composed of three sections: Introductory, Financial and Statistical.
The Annual Comprehensive Financial Report is presented to the Governmental Finance Officer’s Association (GFOA), which conducts each year a review of applicant local government Comprehensive Annual Financial Reports and upon review, awards their Certificate of Achievement Award for Excellence in Financial Reporting to those local governments that are in compliance with their Comprehensive Annual Financial Report accounting standards of preparation.