The Oregon Trail School District maintains detail accounting records for all revenues, expenditures, assets, liabilities and equities in conformance with General Accepted Accounting Principals (GAAP) for municipal organizations as established by the American Institute of Certified Public Accountants and as otherwise required by the State of Oregon and the Federal Office of Management and Budget.
The district submits itself to an annual audit of its financial records by an independent accounting firm. The purpose of this audit is to express an opinion on the fair presentation of the financial statements and district compliance with:
- GAAP and auditing standards
- Oregon Municipal audit law and administrative rules, and
- Federal, state and other agency rules and regulations related to grants and other financial assistance
The district also submits annual financial data to the Oregon Department of Education (ODE). The ODE provides a reporting tool available to the public at http://www.ode.state.or.us/data/reports/toc.aspx
As an additional source, an independent group known as the Chalkboard Project has acquired financial data as reported to ODE and developed an additional reporting tool for evaluative and comparative purposes. This reporting tool is available to the public at http://cascadecs.com/openbooks/index.aspx
Click on any link below to review the financial report listed: