Annual Financial Reports

Message from City Manager, Dan Huff

"The Government Finance Officers Association of the United States and Canada (GFOA) awarded the City of Molalla the Distinguished Budget Presentation Award for its annual budget document for the 2023-2024 budget year, as it has for the previous five years. To qualify for the Distinguished Budget Presentation Award, the government’s budget document had to be judged proficient as a policy document, a financial plan, an operations guide, and a communications device.

The GFOA also awarded the City the Certificate of Achievement for Excellence in Financial Reporting for the annual comprehensive financial report for the fiscal year ended June 30, 2023. The report was judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate the City’s financial story and motivate potential users to read the report.

We greatly appreciate the professionalism, commitment, and effort set forth by the Mayor, City Council, Budget Committee, and Department Directors whose leadership is integral to the health and success of the City of Molalla." Excerpt from the City of Molalla's Popular Annual Financial Report - Fiscal Year (FY) Ending June 30,2024, pages 3-4

The City of Molalla Popular Annual Financial Report (PAFR): This report provides an overview of where the City’s revenues come from and how those revenues are spent. The financial information is a summary obtain from the Annual Comprehensive Financial Report (ACFR).

The City of Molalla Annual Comprehensive Financial Report (ACFR): This report is consistent with Generally Accepted Accounting Principles, (GAAP) and all governmental funds are included. The ACFR provides more detailed information on the City’s finances, including an audit from an independent firm of licensed certified public accountants. The financial information in this document comes from the City’s