Annual Reports are filed with the City Council each January.

Oregon Revised Statues (ORS) 457.460 requires a financial impact statement from the Urban Renewal Agency be filed with the City Council by January 31st of each year. The annual reports are in addition to the Urban Renewal budgets which are adopted after a public budget process, a public hearing before the Urban Renewal Agency, and in addition to the annual Urban Renewal Agency Audit.

Components of the financial report include:

• The amount of money received during the preceding fiscal year and the indebtedness incurred.
• The purposes and amounts for which money received, including indebtedness, were expended during the previous fiscal year.
• An estimate of money received in the current fiscal year, including indebtedness.
• A budget identifying the purposes and estimated amounts to be received for the current fiscal year and how funds are to be expected.
• An analysis of impacts, if any, of carrying out the plan for all taxing authorities for the preceding year.