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 2013 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, 2011 - June 30, 2012
Revenues:
Earned in FY 2011-2012 |
$10,826,475 |
Accrued from July 1, 2003 - June 30, 2011 |
$4,235,855 |
Total |
$15,062,230 |
Investments and Commitments |
|
Program Investments, FY 2011 - 2012 |
|
Early Childhood |
$4,371,510 |
After School |
$2,774,880 |
Child Abuse Prevention & Intervention |
$2,260,361 |
Foster Care |
$1,653,690 |
Mentoring |
$1,432,698 |
Leverage Fund |
$944,102 |
Administration, FY 2011 - 2012 |
$565,157 |
Encumbered Funds, FY 2012 - 2013 |
$1,059,662 |
Total
|
$15,062,030 |
