ACCOUNTABILITY & GOVERNANCE

The Portland Children’s Levy is annually audited and administrative expenses cannot exceed 5 percent of revenues; 95 cents of every dollar is invested in programs helping the city’s children. The most recent audit completed in June 2009 by independent auditor McDonald Jacobs, PC found that administrative expenses were less than 5 percent of revenues, were necessary and proper, and all grant disbursements were properly documented and in accordance with approved budgets.

USING TAX DOLLARS WISELY

Portland Children’s Levy July 1, 2008 - June 30, 2009

Revenues:

Earned in FY 2008-2009

$608,069

Accrued from July 1, 2003 - June 30, 2008

$15,769,663

 

$16,377,732

Investments and Commitments

 

Program Investments, FY 2008 - 2009

 

After School

$2,383,293

Mentoring

$1,339,891

Child Abuse Prevention & Intervention

$1,423,504

Early Childhood

$4,499,478

Leverage Fund

$744,756

Administration, FY 2008 - 2009

$524,427

Encumbered Funds  

$5,462,383