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The Port has a fiscal-year end date of June 30. The accounting and reporting policies of the Port conform to generally accepted accounting principles as applicable to proprietary funds of local governments. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. Accordingly, the Port utilizes the accrual basis of accounting, whereby revenues are recognized when earned and expenses when incurred.
Until fiscal year 2004, the Port issued two annual reports on audited financial statements – one for Portland International Airport (PDX) as required by various bond covenants, and one for the Port of Portland as a whole. Beginning in fiscal year 2004, the Port began issuing one report for the organization as a whole including PDX. All of the relevant PDX information is presented separately as the airport activity in the basic statements or footnotes, or as supplementary information.
The following links will take you to the designated report for the indicated fiscal year:
Annual Audit Report 2007
Annual Audit Report 2006
Annual Audit Report 2005
Annual Audit Report 2004
Annual Audit Report 2003
Annual Audit Report 2002
Annual Audit Report 2001
Annual Audit Report 2003
Annual Audit Report 2002
Annual Audit Report 2001
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