2011 Oregon Revised Statutes
ORS Volume 7, Chapters 261- 304
ORS Chapter 294
294.333 Basis of accounting used by municipal corporation; change of basis.
(1) A municipal corporation shall record its revenues and expenditures, on a fund by fund basis, using the cash basis, the modified accrual basis or the accrual basis of accounting, at the discretion of the municipal corporation.
(2) The basis of accounting used by a municipal corporation must be used in the current year or period and in each succeeding year or period until the basis is changed in a subsequent budget.
(3) A change in a municipal corporation s basis of accounting must be published as required under ORS 294.438. [Formerly 294.445]
Disclaimer: These codes may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
