Accounting and Financial Reporting

Each year, the Finance Department drafts the City's Annual Comprehensive Financial Report (ACFR) in compliance with federal, state, and local laws. The ACFR is audited in accordance with Generally Accepted Auditing Standards by an independent accounting firm licensed to perform municipal audits in the State of Oregon. The ACFR is filed with several agencies, including the Secretary of State for the State of Oregon, at the conclusion of the annual audit.

Additionally, the department produces annual financial statements for the Medford Urban Renewal Agency (MURA). The MURA financial statements are audited by the City's independent auditor and filed with the Secretary of State, in accordance with ORS. All MURA financial data is also included in the City's ACFR as a component unit of the City.

Paper copies of both sets of financial statements are available at City Hall for citizens unable to download the reports from this site.

City Annual Comprehensive Financial Reports

The City's Annual Comprehensive Financial Reports can be found below.

MURA Financial Statements

The Medford Urban Renewal Agency's annual financial statements can be found below:

Contact Us

Phone

541-774-2030

Email

finance@cityofmedford.org

Location

City Hall - Third Floor

411 W 8th Street

97501

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GFOA Certificate of Achievement

The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Medford for its annual comprehensive financial report for the fiscal year ended June 30, 2024. This was the 40th consecutive year that the City has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized annual comprehensive financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements.

A Certificate of Achievement is valid for a period of one year only. We believe that our current annual comprehensive financial report continues to meet the Certificate of Achievement Program's requirements and we are submitting it to GFOA to determine its eligibility for another certificate.

More information about this award can be found at GFOA's website.