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 December 2011 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, 2010 - June 30, 2011

Revenues:

Earned in FY 2010-2011

$12,910,732

Accrued from July 1, 2003 - June 30, 2010

$6,196,814

 Total

$19,107,546

Investments and Commitments

 

Program Investments, FY 2010 - 2011

 

Early Childhood

$4,927,306

After School

$2,901,679

Child Abuse Prevention & Intervention

$2,288,291

Foster Care

$1,694,290

Mentoring

$1,561,658

Leverage Fund

$564,627

Administration, FY 2010 - 2011

$559,743

Encumbered Funds, FY 2011 - 2013  

$4,609,952

 Total

$19,107,546