HomeMy WebLinkAboutFY 2025 Annual Comprehensive Financial ReportAnnual Comprehensive
Financial Report
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
DESCHUTES COUNTY,
OREGON
Deschutes County, Oregon
1300 NW Wall Street, Suite 200
Bend, Oregon 97703
https://www.deschutes.org
Annual Comprehensive
Financial Report
For the Fiscal Year Ended June 30, 2025
Prepared by:
Deschutes County Finance Department
Robert Tintle, MPA
Chief Financial Officer
Jana Cain, CPA
Controller
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 3
DESCHUTES COUNTY, OREGON
TABLE OF CONTENTS
INTRODUCTORY SECTION
Letter of Transmittal .......................................................................................................................................................8
Listing of Principal Officials ..........................................................................................................................................16
GFOA Certification of Achievement ............................................................................................................................17
FINANCIAL SECTION
Report of Independent Auditors .................................................................................................................................20
Management’s Discussion and Analysis ....................................................................................................................24
Basic Financial Statements
Government-Wide Financial Statements
■Statement of Net Position ....................................................................................................................39
■Statement of Activities ..........................................................................................................................41
Fund Financial Statements: Governmental Funds
■Balance Sheet .........................................................................................................................................43
■Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position .....46
■Statement of Revenues, Expenditures, and Changes in Fund Balances ........................................47
■Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund
Balances of Governmental Funds to the Statement of Activities ....................................................50
Fund Financial Statements: Proprietary Funds
■Statement of Net Position ....................................................................................................................52
■Statement of Revenues, Expenses, and Changes in Net Position ...................................................54
■Statement of Cash Flows ......................................................................................................................55
Fund Financial Statements: Fiduciary Funds
■Statement of Fiduciary Net Position ...................................................................................................57
■Statement of Changes in Fiduciary Net Position ...............................................................................58
Notes to Financial Statements .................................................................................................................60
Required Supplementary Information
Schedule of Proportionate Share of the Net Pension Liability ............................................................110
Schedule of Net Pension Liability Employer Contributions .................................................................112
Schedule of Changes in the County’s Total OPEB Liability ...................................................................114
Schedule of the Proportionate Share of the Net OPEB Liability (Asset) ..............................................116
Schedule of Net OPEB Liability (Asset) Employer Contributions .........................................................118
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
■General Fund .......................................................................................................................................120
■Sheriff’s Office .....................................................................................................................................122
■Countywide Law Enforcement County District ...............................................................................123
■Rural Law Enforcement County District ...........................................................................................124
■Road .....................................................................................................................................................125
■Health Services ...................................................................................................................................126
Notes to Required Supplementary Information ...................................................................................127
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DESCHUTES COUNTY, OREGON
TABLE OF CONTENTS
Other Supplementary Information
Individual Fund Schedules - Major Funds
Major Governmental Funds - Capital Project Funds
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
■Campus Improvement .......................................................................................................................130
■Road Capital Improvement Plan .......................................................................................................131
Major Proprietary Funds - Enterprise Funds
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
■Solid Waste ..........................................................................................................................................133
■Fair and Expo Center/RV Park ...........................................................................................................134
Individual Fund Schedules - Internal Service Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual
■Internal Service Fund .........................................................................................................................136
Combining and Individual Fund Statements and Schedules – Nonmajor Funds
Nonmajor Governmental Funds
■Combining Balance Sheet ..................................................................................................................139
■Combining Statement of Revenues, Expenditures, and Changes in Fund Balances .................140
Nonmajor Special Revenue Funds
■Combining Balance Sheet ..................................................................................................................142
■Combining Statement of Revenues, Expenditures, and Changes in Fund Balances .................147
Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual
■Justice Court ........................................................................................................................................155
■Park Acquisition and Development ..................................................................................................156
■County School Fund ...........................................................................................................................157
■Special Transportation Fund .............................................................................................................158
■Taylor Grazing .....................................................................................................................................159
■Transient Room Tax ...........................................................................................................................160
■Video Lottery .......................................................................................................................................161
■Foreclosed Land Sales ........................................................................................................................162
■Victims’ Assistance ..............................................................................................................................163
■Law Library ..........................................................................................................................................164
■County Clerk Records .........................................................................................................................165
■Court Facilities .....................................................................................................................................166
■Deschutes County Communication System Reserve .....................................................................167
■Community Development .................................................................................................................168
■GIS Dedicated ......................................................................................................................................169
■Natural Resource Protection .............................................................................................................170
■Federal Forest Title III .........................................................................................................................171
■Surveyor ...............................................................................................................................................172
■Public Land Corner Preservation ......................................................................................................173
■Countywide Transportation SDC Improvement Fee ......................................................................174
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DESCHUTES COUNTY, OREGON
TABLE OF CONTENTS
■Dog Control .........................................................................................................................................175
■Adult Parole and Probation ...............................................................................................................176
■American Rescue Plan Act .................................................................................................................177
■PERS Reserve .......................................................................................................................................178
■Coordinated Houseless Response Office ........................................................................................179
■Deschutes County 9-1-1 County Service District (9-1-1 C.S.D.) .....................................................180
■Extension and 4-H ..............................................................................................................................181
■Deschutes County Road Agency .......................................................................................................182
Nonmajor Debt Service Fund
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
■Debt Service Fund...............................................................................................................................184
Fiduciary Funds
■Combining Statement of Fiduciary Net Position ............................................................................186
■Combining Statement of Changes in Fiduciary Net Position ........................................................187
Other Financial Schedules
Schedule of Property Tax Transactions – All County Taxes .................................................................190
Schedule of Long-Term Debt Principal Transactions ...........................................................................191
Schedule of Long-Term Debt Interest Transactions .............................................................................192
Schedule of Future Debt Service Requirements of Pension Obligation Bonds ..................................193
Schedule of Future Debt Service Requirements of Full Faith and Credit Bonds
and Direct Borrowings – Governmental Activities .........................................................................194
Schedule of Future Debt Service Requirements of Full Faith and Credit Bonds
and Direct Borrowings – Business-Type Activities .........................................................................195
Schedule of Accountability .....................................................................................................................196
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DESCHUTES COUNTY, OREGON
TABLE OF CONTENTS
STATISTICAL SECTION
Statistical Section Contents ....................................................................................................................199
Financial Trends
Net Position by Component – Last Ten Fiscal Years .............................................................................200
Changes in Net Position – Last Ten Fiscal Years ...................................................................................202
Fund Balances - Governmental Funds – Last Ten Fiscal Years ............................................................206
Changes in Fund Balances - Governmental Funds – Last Ten Fiscal Years .........................................208
Revenue Capacity
Assessed Value and Estimated Actual Value of Taxable Property – Last Ten Fiscal Years ................211
Direct and Overlapping Property Tax Rates – Last Ten Fiscal Years ...................................................213
Principal Property Taxpayers – Current Fiscal Year and Nine Years Ago ............................................215
Property Taxes, Levies, and Collections – Last Ten Fiscal Years ..........................................................216
Debt Capacity
Ratios of Outstanding Debt by Type – Last Ten Fiscal Years................................................................217
Ratios of General Bonded Debt Outstanding – Last Ten Fiscal Years .................................................219
Direct and Overlapping Governmental Activities Debt ........................................................................221
Legal Debt Margin Information – Last Ten Fiscal Years .......................................................................222
Demographic and Economic Information
Demographic and Economic Statistics – Last Ten Calendar Years ......................................................225
Principal Employers – Current Year and Nine Years Ago .....................................................................226
Operating Information
Full-Time Equivalent County Government Employees by Function/Program –
Last Ten Fiscal Years ........................................................................................................................227
Operating Indicators by Function/Program – Last Ten Fiscal Years ....................................................228
Capital Asset Statistics by Function / Program – Last Ten Fiscal Years ...............................................230
AUDIT COMMENTS AND DISCLOSURES
Audit Comments and Disclosures Required by State Regulations ......................................................233
Report of Independent Auditors Required by Oregon State Regulations ...........................................234
Report of Independent Auditors on Internal Control over Financial Reporting
and on Compliance and Other Matters Based on an Audit of Financial
Statements Performed in Accordance with Government Auditing Standards ............................236
INTRODUCTORYINTRODUCTORYSECTION
ANNUAL COMPREHENSIVE FINANCIAL REPORT
DESCHUTES COUNTY, OREGON
8 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
INTRODUCTORY SECTION Deschutes County, Oregon
December 1, 2025
To the Board of County Commissioners and Citizens of Deschutes County, Oregon:
We are pleased to submit the Annual Comprehensive Financial Report of Deschutes County, Oregon (County) for
the fiscal year ended June 30, 2025, together with the opinion of our independent certified public accountants,
Baker Tilly US, LLP. This report, required by Oregon Revised Statutes (ORS 297.425), is prepared by the Deschutes
County Finance Department. This report is published to provide the Board of County Commissioners, citizens,
County staff, and other readers with detailed information about the financial position and results of operations
of the County, and to demonstrate fiscal and operational accountability in the use of County resources. Also
included are Audit Comments and Disclosures required under the Minimum Standards for Audits of Oregon
Municipal Corporations Section of the Oregon Administrative Rules (OAR).
The report is prepared in conformance with the guidelines for financial reporting developed by the Government
Finance Officers Association of the United States and Canada and the principles established by the Governmental
Accounting Standards Board (GASB), including all effective GASB pronouncements. It presents fairly the financial
position of the various funds of the County as of June 30, 2025, and the results of operations for the year then
ended in conformity with accounting principles generally accepted in the United States of America (US GAAP).
The report consists of management’s representations concerning the finances of the County. Consequently,
management assumes full responsibility for the completeness and reliability of all information presented in this
report. To provide a reasonable basis for making these representations, County management has established
a comprehensive internal control framework that is designed both to protect the County’s assets from loss,
theft, or misuse and to compile sufficient reliable information for the preparation of the County’s financial
statements. Because the cost of internal control should not outweigh its benefits, the County’s comprehensive
framework of internal controls has been designed to provide reasonable assurance that the financial statements
will be free from material misstatement. As management, we assert that, to the best of our knowledge and
belief, this financial report is complete and reliable in all material respects.
In addition, the County is required to have a comprehensive single audit of its Federal Assistance Programs
in accordance with the Single Audit Act, Office of Management and Budget (OMB) Compliance Supplement
and the provisions of Government Auditing Standards promulgated by the U.S. Comptroller General as they
pertain to the financial and compliance audits.
Accounting principles generally accepted in the United States of America require that management provide
a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of
Management Discussion and Analysis (MD&A).
This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it.
Deschutes County’s MD&A can be found immediately following the independent auditors’ report.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 9
Deschutes County, Oregon INTRODUCTORY SECTION
Profile of the County
Deschutes County, formed in 1916, is in the
heart of Central Oregon, between the towering
Cascade Mountain Range to the west and the
high desert plateau to the east, and is the
outdoor recreation capital of Oregon. The
county encompasses 3,055 square miles of
scenic beauty, mild climate, diverse recreational
opportunities, and a growing economy. From
humble beginnings, Deschutes County now
experiences the most rapid population growth
of any county in Oregon. It has developed into
a bustling, exciting destination where progress,
growth and unique beauty intertwine.
The County has three full-time commissioners, who are elected at-large to serve four-year terms. Daily administrative
duties are overseen by an appointed County Administrator, while the Board of County Commissioners sets policy,
adopts the annual budget, and passes ordinances in accordance with state law. The County provides a full range
of services including sheriff’s patrol, investigative and correction services, construction and maintenance of roads
and bridges, property assessment, tax collection, public and behavioral health services, land use planning, building
permitting and inspections, prosecution of criminals, veterans services, justice court, parole and probation, election
services, records maintenance, and operation of a landfill, a fair and expo center, and RV park.
Blended component units, although legally separate entities, are, in substance, part of Deschutes County’s operations
and are included as part of Deschutes County. Accordingly, the Countywide Law Enforcement County District, Rural
Law Enforcement County District, Deschutes County 9-1-1 County Service District, Extension and 4-H County Service
District, and Deschutes County Road Agency are reported as special revenue funds of Deschutes County.
The County utilizes a budget committee, consisting of the three elected commissioners and an equal number of
citizens-at-large, to review and approve the proposed budget for each fiscal year. The annual budget serves as
the foundation for Deschutes County’s financial planning and control. The appropriated budget is prepared and
adopted for all County funds as required by Oregon Local Budget Law (ORS Chapters 294.305-294.565). The board
order adopting the budget establishes appropriations for expenditures within each fund, which cannot legally
be exceeded. Budget-to-actual comparisons are provided in this report for each individual governmental and
proprietary fund for which an appropriated annual budget has been adopted. For the General Fund and the major
special revenue funds, this comparison is presented as part of the required supplementary information. All other
funds are presented in a subsection of this report “Combining and Individual Fund Statements and Schedules”.
Local Economy
Deschutes County is the outdoor recreation capital of Oregon. With snow-capped peaks dominating the skyline to
the west and the wide-open high desert extending to the east, the beauty and uniqueness of Deschutes County
captures the awe of locals and visitors alike. Deschutes County is a bustling, exciting place where progress and
growth are hallmarks.
Beginning in the early 1990s, Deschutes County experienced rapid population growth. This growth is believed to be
largely due to the area’s invigorating climate and year-round recreation activities. According to the Portland State
University Population Research Center, the population was estimated to be 212,141, as of July 1, 2025, an increase
of approximately 34% since 2010, and is projected to exceed 300,000 before 2050. Recreational activities include
downhill and cross-country skiing, snowboarding, fishing, hunting, hiking, trail running, rock-climbing, road and
mountain biking, mountain climbing, river floating, whitewater rafting and golfing. Deschutes County is the host of
diverse annual events including the Bend Venture Conference, Sunriver Music Festival, Sisters Outdoor Quilt Show,
Cascade Children’s Festival/Balloons over Bend, Sisters Rodeo, WinterFest and Bend Film Festival.
10 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
INTRODUCTORY SECTION Deschutes County, Oregon
Historically, Deschutes County was dominated by wood product manufacturing. However, the local economy has
undergone significant changes in the last three decades. Now dominated by retail trade, healthcare and tourism,
Deschutes County attracts visitors and consumers from neighboring counties and around the state. The top ten
largest employers in Deschutes County are listed in the table below.
Largest Employers in Deschutes County (2025)
Employer
Number of
Employees Type of Business
St. Charles Health System 4,742 Healthcare
Bend - La Pine School District 2,385 Education
Deschutes County 1,334 Government
Mt. Bachelor 1,094 Accommodation & Recreation
BASX Solutions 1,060 Manufacturing
Sunriver Resort 975 Accommodation & Recreation
Redmond School District 901 Education
Central Oregon Community College 801 Education
City of Bend 783 Government
Safeway (includes Albertsons) 781 Supermarket Chain
Source: Econmic Development for Central Oregon
According to the State of Oregon Employment Department,
Deschutes County’s unemployment rate (seasonally
adjusted) in June 2025 was 4.5 percent, lower than
the statewide rate of 4.9 percent, and higher than the
county’s rate of 4.1 percent in June 2024. The county’s
unemployment rate dropped significantly from the
pandemic levels of 16.2 percent in April 2020.
Select industry gains and losses over-the-year for net
employment change in Deschutes County indicates private
education and health services jobs realized the largest
increase while leisure and hospitality experienced the
greatest job loss, followed by total nonfarm employment.
In Fiscal Year 2025, the County’s assessed valuation of
taxable property increased by 4.77%, approximately
$1.5 billion, to a total of $33.7 billion. Formerly a region
dependent on wood products, Deschutes County has
steadily diversified its employment and economic base.
For the past three decades, Deschutes County has
experienced growth in the technology sector and is home
to award winning craft breweries. Numerous companies
from Silicon Valley, Portland-Vancouver Metro and Puget
Sound have relocated or expanded here. Many of these
firms are small but extremely innovative, producing
niche-market products from semiconductors to software,
medical instruments to recreational equipment. Tourism in
Deschutes County contributes to the diversified economy
due to the abundance of year-round recreational activities.
The County is home to a major medical center, Central
Oregon’s largest employer, designated as a Level II Trauma
Center with over 350 active medical staff members.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 11
Deschutes County, Oregon INTRODUCTORY SECTION
Financial Policies
The County has established policies which are reviewed and adopted annually by the Board of County
Commissioners in conjunction with the budget process. The County recognizes the need to ensure that it is
capable of adequately funding and providing County services needed by the community on a sustainable basis.
The Board acknowledges that to maintain a prudent level of financial resources to protect against the need
to reduce service levels or raise taxes (voter-approved local option levy) and fees due to temporary revenue
shortfalls or unforeseeable one-time expenditures, the County strives to maintain a working capital balance
in each fund, based on the function of that fund. For most operating funds, the level is 8.3% (one month) of
the fund’s operating budget. For funds with property taxes as a significant portion of revenues, the level is
one-third (four months) of estimated annual property tax collections.
Long-Term Financial Planning
Deschutes County’s focus on long-term financial planning begins with policies to guide both current and future
decision making. The policies are intended to support the County’s goals and objectives, and provide guidance in
day-to-day operations to ensure overall long-term financial stability. Long-term strategic and financial planning
is an important part of ensuring excellent service and stewardship of taxpayer resources.
Each fiscal year, the County updates resource and requirement forecasts for major operating funds for the
next five years and annually develops a five-year Capital Improvement Program (CIP) for major projects related
to the acquisition, expansion or rehabilitation of the County’s buildings, equipment, parks, streets and other
public infrastructure.
These estimates are presented to the Budget Committee to facilitate budget decisions and strategic planning,
based on a multi-year perspective. Revenue estimates are established each year in a realistic and prudent
manner using objective and analytical approaches. Revenue forecasts assess the full spectrum of resources that
can be allocated for public services. The County will not respond to long-term revenue shortfalls with deficit
funding or borrowing to support ongoing operations. Once working capital balances have reached policy levels,
expenses are reduced to conform to long-term revenue forecasts and/or revenue increases are considered.
Overall, the County’s long-term financial planning efforts are focused on maintaining a structurally balanced
budget, ensuring that recurring expenditures are at or below recurring revenues which ultimately provides
that one-time revenues are available for one-time expenditures or projects.
Major Initiatives
The County continues to focus on implementing a five-year capital improvement plan. Capital spending of
$65.6 million, including County service districts, is included in the FY 2026 adopted budget. The capital budget
includes transportation system improvements, capital equipment additions and replacements for various
departments, technology improvements and other routine department level capital expenditures intended to
support the delivery of services. Major projects include $21 million for the courthouse expansion project, $18.9
million in transportation improvements, and $4.2 million in Solid Waste improvements. Total capital spending
for FY 2026 is a $8.2 million decrease, or 11.1% from the FY 2025 revised budget.
The Board of County Commissioners establishes the goals and objectives to guide department operations
each year. Through the following Fiscal Year 2026 Goals and Objectives, the County embraces its mission of
“enhancing the lives of citizens by delivering quality services in a cost-effective manner”:
SAFE COMMUNITIES: Protect the community through planning, preparedness and delivery of coordinated services.
■Provide safe and secure communities through coordinated public safety and crisis management services.
■Reduce crime and recidivism and support victim restoration and well-being through equitable engagement,
prevention, reparation of harm, intervention, supervision and enforcement.
■Collaborate with partners to prepare for and respond to emergencies, natural hazards and disasters.
HEALTHY PEOPLE: Enhance and protect the health and well-being of communities and their residents.
■Support and advance the health and safety of all Deschutes County’s residents.
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INTRODUCTORY SECTION Deschutes County, Oregon
■Promote well-being through behavioral health and community support programs.
■Ensure children, youth and families have equitable access to mental health services, housing, nutrition,
childcare, and education/prevention services.
■Help to sustain natural resources and air and water quality in balance with other community needs.
■Apply lessons learned from pandemic response, community recovery, and other emergency response
events to ensure we are prepared for future events.
A RESILIENT COUNTY: Promote policies and actions that sustain and stimulate economic resilience and a strong
regional workforce.
■Update County land use plans and policies to promote livability, economic opportunity, disaster
preparedness, and a healthy environment.
■Maintain a safe, efficient and economically sustainable transportation system.
■Manage County assets and enhance partnerships that grow and sustain businesses, tourism, and
recreation.
HOUSING STABILITY AND SUPPLY: Support actions to increase housing production and achieve stability.
■Expand opportunities for residential development on appropriate County-owned properties.
■Support actions to increase housing supply.
■Collaborate with partner organizations to provide an adequate supply of short-term and permanent
housing and services to address housing insecurity.
SERVICE DELIVERY: Provide solution-oriented service that is cost-effective and efficient.
■Ensure quality service delivery through the use of innovative technology and systems.
■Support and promote Deschutes County Customer Service “Every Time” standards.
■Continue to enhance community participation and proactively welcome residents to engage with County
programs, services and policy deliberations.
■Preserve, expand and enhance capital assets, to ensure sufficient space for operational needs.
■Maintain strong fiscal practices to support short and long-term county needs.
■Prioritize recruitment and retention initiatives to support, sustain, and enhance County operations.
In FY 2026, the County will continue to implement the Commissioners’ goals and priorities, and support strategic
investments, including the following activities:
■Solid Waste will reconvene the Solid Waste Advisory Committee to identify a location for a future county
landfill or solid waste solution.
■The BOCC will establish a citizen committee to create representative districts for commissioners and
introduce a ballot initiative for voters to decide.
■County Behavioral Health will seek funding to build a mental healthcare facility specifically for youth in
Central Oregon.
■Health Services programs will continue to serve populations directly impacted by homelessness, economic
and social disparities, climate changes, and increasingly troubling patterns in substance use disorders.
■Fair & Expo will complete its master plan and market analysis.
■Facilities will initiate and make significant progress on a Downtown Bend Campus Plan.
■A home in Redmond will become the first foster home in Central Oregon for adults with co-occurring
Intellectual Developmental Disabilities and Mental Health.
■The District Attorney’s Office will work to implement a victim’s portal to provide real-time case updates,
secure communication, access to resources, and more.
■The Sheriff’s Office will continue to develop the Deflection Program to prioritize initiatives that promote
drug education, addiction treatment, and recovery.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 13
Deschutes County, Oregon INTRODUCTORY SECTION
Tax Abatement Program
The five strategic goals in the Deschutes County 2026 Goals and Objectives support the tax abatement program.
The key goals include a resilient county and housing stability and supply. Tax abatement is an agreement
whereby a government agrees to forgo tax revenues to which it is otherwise entitled in exchange for a promise
by the counterparty to the agreement to take specific future actions that will contribute to the government’s
economic development, or which otherwise benefits the government or its citizens. Tax abatements are
intended to improve local conditions and spur economic development that otherwise would not occur, and an
important tool for redevelopment. Tax abatements are meant to encourage rehabilitation and redevelopment
of distressed areas. The potential benefits of abatements include additional short and long-term employment
for residents, attracting new businesses or improving existing businesses, luring new residents which in turn
can generate additional tax revenue, generating a tax-revenue stream on once vacant or under-developed
property, improving safety and commerce, and increasing adjacent property values. In the Notes to Financial
Statements, the County provides information related to its tax abatement programs authorized by Oregon
Revised Statutes.
Awards and Acknowledgements
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of
Achievement for Excellence in Financial Reporting to Deschutes County for its annual comprehensive financial
report for the fiscal year ended June 30, 2024. This was the 24th consecutive year that the County has received
this prestigious award. To be awarded a Certificate of Achievement, the County published an easily readable
and efficiently organized annual comprehensive financial report. This report must satisfy both accounting
principles generally accepted in the United States of America and applicable legal requirements.
A Certificate of Achievement for Excellence in Financial Reporting is valid for a period of one year only.
However, we believe that our current annual comprehensive financial report continues to meet the Certificate
of Achievement Program’s requirements, and we will submit it to the GFOA to determine its eligibility for
another certificate.
The County also received the GFOA’s Distinguished Budget Presentation Award for its annual budget document
for fiscal year beginning July 1, 2024. This was the 17th consecutive year that the County has received this
award. To qualify for this Distinguished Budget Presentation Award, the County’s budget document had to be
judged proficient as a policy document, a financial plan, an operations guide, and a communications device.
Finally, Deschutes County received GFOA’s Popular Annual Financial Report (PAFR) award for the 6th consecutive
year for the fiscal year ended June 30, 2024. The PAFR can be found on the County’s website, www.Deschutes.
org/pafr. Deschutes County received the Triple Crown designation from the GFOA as recognition for having
received all three GFOA awards.
The preparation of the annual comprehensive financial report on a timely basis was made possible by the skill,
effort, and dedicated service of the entire staff of the Finance Department. We wish to thank all the County’s
departments for their assistance in providing the data necessary to prepare this report.
Acknowledgement should also be given to the Board of County Commissioners for their interest and support
for maintaining the highest standards of professionalism in the management of the County’s finances.
Respectfully submitted,
Nick Lelack
County Administrator
Robert Tintle
Chief Financial Officer
14 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
INTRODUCTORY SECTION Deschutes County, Oregon
Deschutes County Organizational Chart
As of June 30, 2025
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 15
Deschutes County, Oregon INTRODUCTORY SECTION
Deschutes County Organizational Chart
As of June 30, 2025
16 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
INTRODUCTORY SECTION Deschutes County, Oregon
Listing of Principal Officials
As of June 30, 2025
ELECTED OFFICIALS
Board оf County Commissioners
Name Position Term Expiration
Anthony DeBone, Chair Position 1 January 2027
Patti Adair, Vice Chair Position 3 January 2027
Philip Chang Position 2 January 2029
Other Elected Officers
Name Position Term Expiration
Scot Langton County Assessor January 2027
Steve Dennison County Clerk January 2027
Steve Gunnels County District Attorney January 2027
Kent VanderKamp County Sheriff January 2029
William Kuhn County Treasurer January 2027
Charles Fadeley Justice of the Peace January 2029
APPOINTED OFFICIALS
Name Position
Nick Lelack County Administrator
David Doyle County Counsel
Robert Tintle Chief Financial Officer
Elizabeth Pape County Internal Auditor
Deschutes County Administrative Offices
1300 NW Wall Street, Suite 200
Bend, Oregon 97703
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 17
Deschutes County, Oregon INTRODUCTORY SECTION
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
Deschutes County
Oregon
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2024
Executive Director/CEO
18 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
T h e p a g e I n t e n t i o n a l l y l e f t b l a n k
ANNUAL COMPREHENSIVE FINANCIAL REPORT
DESCHUTES COUNTY, OREGON
FINANCIALFINANCIALSECTION
20 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
Report of Independent Auditors
Deschutes County Board of Commissioners
Deschutes County, Oregon
Bend, Oregon
Report on the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, the business-type activities,
each major fund, and the aggregate remaining fund information of Deschutes County, Oregon (the
County) as of and for the year ended June 30, 2025, and the related notes to the financial
statements, which collectively comprise the County’s basic financial statements as listed in the table
of contents.
In our opinion, the accompanying financial statements referred to above present fairly, in all material
respects, the respective financial position of the governmental activities, the business-type activities,
each major fund, and the aggregate remaining fund information of the County as of June 30, 2025,
and the respective changes in financial position and, where applicable, cash flows thereof for the year
then ended in accordance with accounting principles generally accepted in the United States of
America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United
States of America (GAAS) and the standards applicable to financial audits contained in Government
Auditing Standards, issued by the Comptroller General of the United States (Government Auditing
Standards). Our responsibilities under those standards are further described in the Auditor’s
Responsibilities for the Audit of the Financial Statements section of our report. We are required to be
independent of the County and to meet our other ethical responsibilities, in accordance with the
relevant ethical requirements relating to our audit. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our audit opinions.
Emphasis of Matter – Change in Accounting Principle
As discussed in Notes 1A, 4I, and 4J to the basic financial statements, the County adopted
Governmental Accounting Standards Board (GASB) Statement No. 101, Compensated Absences
during the year ended June 30, 2025. Our opinion is not modified with respect to this matter.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in
accordance with accounting principles generally accepted in the United States of America, and for the
design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or
error.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 21
In preparing the financial statements, management is required to evaluate whether there are
conditions or events, considered in the aggregate, that raise substantial doubt about the County’s
ability to continue as a going concern for twelve months beyond the financial statement date,
including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report
that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute
assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and
Government Auditing Standards will always detect a material misstatement when it exists. The risk of
not detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of
internal control. Misstatements are considered material if there is a substantial likelihood that,
individually or in the aggregate, they would influence the judgment made by a reasonable user based
on the financial statements.
In performing an audit in accordance with GAAS and Government Auditing Standards, we
• Exercise professional judgment and maintain professional skepticism throughout the audit.
• Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, and design and perform audit procedures responsive to those risks. Such
procedures include examining, on a test basis, evidence regarding the amounts and disclosures
in the financial statements.
• Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the County’s internal control. Accordingly, no such opinion is
expressed.
• Evaluate the appropriateness of accounting policies used and the reasonableness of significant
accounting estimates made by management, as well as evaluate the overall presentation of the
financial statements.
• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate,
that raise substantial doubt about the County’s ability to continue as a going concern for a
reasonable period of time.
We are required to communicate with those charged with governance regarding, among other
matters, the planned scope and timing of the audit, significant audit findings, and certain internal
control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
Management’s Discussion and Analysis, the Schedule of Proportionate Share of the Net Pension
Liability, the Schedule of Net Pension Plan Liability Employer Contributions, the Schedule of Changes
in the County’s Total OPEB Liability, the Schedule of Proportionate Share of the Net OPEB Liability
(Asset), the Schedule of Net OPEB Liability (Asset) Employer Contributions, and the Notes to
Required Supplementary Information, as listed in the table of contents, be presented to supplement
the basic financial statements. Such information is the responsibility of management and, although
not a part of the basic financial statements, is required by the Governmental Accounting Standards
Board who considers it to be an essential part of financial reporting for placing the basic financial
statements in an appropriate operational, economic, or historical context.
22 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
We have applied certain limited procedures to the required supplementary information in accordance
with GAAS, which consisted of inquiries of management about the methods of preparing the
information and comparing the information for consistency with management's responses to our
inquiries, the basic financial statements, and other knowledge we obtained during our audit of the
basic financial statements. We do not express an opinion or provide any assurance on the
information because the limited procedures do not provide us with sufficient evidence to express an
opinion or provide any assurance.
Accounting principles generally accepted in the United States of America require that the Schedule of
Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual for the General Fund,
Sheriff’s Office, Countywide Law Enforcement County District, Rural Law Enforcement County District,
Road and Health Services (collectively the budgetary comparison information), as listed in the table of
contents, be presented to supplement the basic financial statements. Such information, although not
part of the basic financial statements, is required by the Governmental Accounting Standards Board
who considers it to be an essential part of financial reporting for placing the basic financial statements in
an appropriate operational, economic, or historical context. The required budgetary comparison
information is the responsibility of management and was derived from and relates directly to the
underlying accounting and other records used to prepare the basic financial statements. Such
information has been subjected to the auditing procedures applied in the audit of the basic financial
statements and certain additional procedures, including comparing and reconciling such information
directly to the underlying accounting and other records used to prepare the financial statements or to
the basic financial statements themselves, and other additional procedures in accordance with GAAS.
In our opinion, the required budgetary comparison information is fairly stated, in all material respects, in
relation to the basic financial statements as whole.
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the County's basic financial statements. The other supplementary information,
as listed in the table of contents in the Other Supplementary Information section (collectively, the
supplementary information), are presented for purposes of additional analysis and are not a required
part of the basic financial statements. Such information is the responsibility of management and was
derived from and relates directly to the underlying accounting and other records used to prepare the
basic financial statements. The information has been subjected to the auditing procedures applied in
the audit of the basic financial statements and certain additional procedures, including comparing and
reconciling such information directly to the underlying accounting and other records used to prepare
the basic financial statements or to the basic financial statements themselves, and other additional
procedures in accordance with GAAS. In our opinion, the supplementary information is fairly stated,
in all material respects, in relation to the basic financial statements as a whole.
Other Information
Management is responsible for the other information included in the annual report. The other
information comprises the Introductory, Other Financial Schedules, and Statistical sections, but does
not include the basic financial statements and our auditor’s report thereon. Our opinions on the basic
financial statements do not cover the other information, and we do not express an opinion or any form
of assurance thereon.
In connection with our audit of the basic financial statements, our responsibility is to read the other
information and consider whether a material inconsistency exists between the other information and
the basic financial statements, or the other information otherwise appears to be materially misstated.
If, based on the work performed, we conclude that an uncorrected material misstatement of the other
information exists, we are required to describe it in our report.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 23
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated
December 1, 2025, on our consideration of the County's internal control over financial reporting and
on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant
agreements and other matters. The purpose of that report is solely to describe the scope of our
testing of internal control over financial reporting and compliance and the results of that testing, and
not to provide an opinion on the effectiveness of the County's internal control over financial reporting
or on compliance. That report is an integral part of an audit performed in accordance with
Government Auditing Standards in considering the County's internal control over financial reporting
and compliance.
Other Reporting Required by Minimum Standards for Audits of Oregon Municipal
Corporations
In accordance with the Minimum Standards for Audits of Oregon Municipal Corporations, we have
also issued our report dated December 1, 2025, on our consideration of the County’s compliance with
certain provisions of laws, regulations, contracts, and grant agreements, including the provisions of
Oregon Revised Statutes as specified in Oregon Administrative Rules 162-010-0000 through 162-
010-0330 of the Minimum Standards for Audits of Oregon Municipal Corporations. The purpose of
that report is to describe the scope of our testing of compliance and the results of that testing and not
to provide an opinion on compliance.
Amanda Moore, Principal, for
Baker Tilly US, LLP
Eugene, Oregon
December 1, 2025
24 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Management’s Discussion and Analysis
As management of Deschutes County, we offer readers of Deschutes County’s financial statements this narrative
overview and analysis of the financial activities of Deschutes County for the fiscal year (FY) ended June 30,
2025. We encourage readers to consider this information in conjunction with additional information that we
have furnished in our letter of transmittal.
Financial Highlights
■On a government-wide basis, total assets and deferred outflows of resources exceeded liabilities and
deferred inflows of resources by $333,544,504 as of June 30, 2025, an increase of $63,841,817 in net
position from June 30, 2024. The main reasons for the increase was due to:
○During budget planning for FY 2025, the County prioritized preserving the general fund balance by
establishing a goal to reserve 15% of anticipated property tax revenues. This strategic move underscored
the importance of cost-conscious departmental operations. Efficiencies and savings were realized across
the board, resulting in expenditures increasing by only $1.6 million, or 0.6%, from the previous year.
○County grants and contributions revenue rose by $20.4 million, or 22%, compared to the previous
year, primarily due to a $12.4 million grant from the State of Oregon and $4.6 million in federal Local
Assistance and Tribal Consistency funds for the County’s Courthouse remodel. Health Services also
received an additional $7.3 million in state grant funding for Certified Community Behavioral Health
Clinics (CCBHC).
○Solid Waste business-type activities net revenues and changes in net position increased to $2.1 million
during FY 2025, a $4.6 million increase from the prior year. This increase was driven by a combination
of factors. Revenue grew by $2.9 million due to increased waste volumes and slight fee increases.
Landfill closure and post-closure expenses decreased by approximately $3 million from the prior
year. Additionally with the completion of the new transfer station, funds previously allocated to its
construction are now being reserved for future capital projects.
The County continues to strategically manage its resources to support long-term infrastructure, handle
capital expenditures, and address rising personnel costs and pension obligations while adapting to financial
challenges, ensuring a stable and resilient fiscal position for the future.
■The County reported a combined fund balance at June 30, 2025, of $221,811,992 for its governmental
funds, an increase of $33,527,468 from June 30, 2024. Of this balance, $60,595,950 is available to meet
the County’s obligations. The remainder is either nonspendable or restricted.
■County General Fund
○The General Fund’s fund balance was $47,265,281 as of June 30, 2025, an increase of $11,958,743 from
the balance at June 30, 2024.
○Fund balance is 77% percent of the Fund’s combined revenues and transfers in. Fund balance is 95%
of the Fund’s combined expenditures and transfers out.
■The County’s Assessed Valuation of Taxable Property increased by 4.77% in FY 2025.
■Total debt was $59,092,900 as of June 30, 2025, compared to total debt of $64,314,800 as of June 30, 2024.
Overview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to Deschutes County’s basic financial
statements. These basic financial statements comprise three components: 1) government-wide financial
statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains
other supplementary information in addition to the basic financial statements.
Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of Deschutes
County’s finances, in a manner similar to a private-sector business.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 25
Deschutes County, Oregon FINANCIAL SECTION
The Statement of Net Position presents information on all of Deschutes County’s assets, deferred outflows of
resources, liabilities, and deferred inflows of resources with the difference reported as net position. Over
time, increases or decreases in net position may serve as a useful indicator of whether the financial position
of Deschutes County is improving or deteriorating.
The Statement of Activities presents information showing how Deschutes County’s net position changed during
the fiscal year. Changes in net position are reported when the underlying event giving rise to the change occurs,
regardless of the timing of the related cash flows. Thus, revenues and expenses are reported in this statement
for some items, for example, property taxes and accrued compensated leave that will result in cash flows in
future fiscal periods.
Each of these government-wide financial statements, Statement of Net Position and Statement of Activities,
distinguish functions of Deschutes County that are supported primarily by taxes and intergovernmental revenues
(governmental activities) from other functions that are intended to recover all, or a significant portion of, their
costs through user fees and charges (business-type activities). The governmental activities of Deschutes County
include general government, public safety, county roads and health & welfare. The business-type activities of
Deschutes County include Solid Waste and Fair and Expo Center/RV Park.
The government-wide financial statements include four county service districts and one county agency:
■Countywide Law Enforcement County District
■Rural Law Enforcement County District
■Deschutes County 9-1-1 County Service District
■Extension and 4-H County Service District
■Deschutes County Road Agency
These entities are legally separate but are included as blended component units based on the criteria described
in the Notes to Financial Statements (Note 1 – Summary of Significant Accounting Policies). Requests for copies
of the separately issued financial statements for the county service districts should be addressed to Deschutes
County Finance Department, 1300 NW Wall Street, Suite 200, Bend, OR 97703.
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been
segregated for specific activities or objectives. Deschutes County, like other state and local government entities,
uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Each of
the funds of Deschutes County is classified in one of three categories: governmental funds, proprietary funds,
or fiduciary funds.
Governmental Funds
Governmental funds are used to account for essentially the same functions as governmental activities in the
government-wide financial statements. However, unlike the government-wide financial statements, governmental
fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances
of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a
government’s near-term financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial statements,
it is useful to compare the information presented for governmental funds with similar information presented
for governmental activities in the government-wide financial statements. By doing so, readers may better
understand the long-term impact of the government’s near-term financing decisions. A reconciliation from the
Governmental Funds Balance Sheet to the Government-wide Statement of Net Position and a reconciliation
from the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the
Government-wide Statement of Activities have been included in this report.
26 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Both the governmental fund balance sheet and statements of revenues, expenditures, and changes in fund
balances provide a reconciliation to facilitate this comparison between governmental funds and governmental
activities. These reconciliations are presented in this report in subsection “Basic Financial Statements”.
Deschutes County reported activity in forty (40) individual governmental funds during FY 2025. Information is
presented separately in the governmental funds Balance Sheet and in the governmental funds Statement of
Revenues, Expenditures, and Changes in Fund Balances for the General Fund and the County’s major funds:
■General Fund ■Deschutes County Sheriff’s Office (Sheriff’s Office)
■Health Services ■Countywide Law Enforcement County District
■Campus Improvement ■Rural Law Enforcement County District
■Road ■Road Capital Improvement Plan (Road CIP)
Data from all other governmental funds are combined into a single, aggregated presentation. Individual data
for each of these non-major governmental funds is provided in the form of combining statements in the “Other
Supplementary Information” section of this report and in the budget to actual comparison schedules.
Deschutes County adopts an annual budget for each of its funds and a budgetary comparison statement has
been provided for each to demonstrate compliance with its annual budget.
Proprietary Funds
Deschutes County maintains two different types of proprietary funds. Enterprise funds are used to report the
same functions as business-type activities in the government-wide financial statements. Deschutes County uses
enterprise funds to account for its Solid Waste and Fair and Expo Center/RV Park. An internal service fund is an
accounting device used to accumulate and allocate costs internally among Deschutes County’s various functions.
Deschutes County uses an internal service fund to account for its facilities, administrative, commissioner, finance,
legal, personnel, information technology, insurance services, and health benefits functions. Because these
services predominately benefit governmental rather than business-type functions, they have been included
within governmental activities in the government-wide financial statements.
Proprietary funds financial statements provide similar, but more detailed, information compared to the
government-wide financial statements. The enterprise fund financial statements provide information separately
for Solid Waste and Fair and Expo Center/RV Park. All enterprise funds are reported as major funds of Deschutes
County. The internal service fund is presented in the proprietary funds’ financial statements.
Fiduciary Funds
Fiduciary funds, all of which are custodial funds, are used to account for resources held for the benefit of third
parties. Fiduciary funds are not reflected in the government-wide financial statements because the resources
of those funds are not available to support Deschutes County’s own programs.
Notes to Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the
government-wide and fund financial statements.
Other Information
In addition to the basic financial statements and accompanying notes, this report also presents as required
supplementary information, the budgetary comparisons for the General Fund and major special revenue funds.
The combining statements referred to above in connection with non-major governmental funds and internal
service funds are presented in the “Other Supplementary Information” section of this report.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 27
Deschutes County, Oregon FINANCIAL SECTION
Government-Wide Financial Analysis
Deschutes County Net Position
The County’s net position at June 30, 2025 was $333,544,504. Net position may serve as a useful indicator of an
entity’s financial strength as it measures the entity’s excess of assets and other resources over its obligations
on a long-term basis.
Governmental activities Business-type activities Total
2025 2024 2025 2024 2025 2024
Assets other than capital assets $ 309,552,457 $ 284,001,979 $ 34,908,671 $ 30,511,529 $ 344,461,128 $ 314,513,508
Capital assets 237,442,442 216,342,510 62,283,899 65,122,129 299,726,341 281,464,639
Total assets 546,994,899 500,344,489 97,192,570 95,633,658 644,187,469 595,978,147
Deferred outflows of resources 78,282,211 61,081,594 2,982,130 1,944,027 81,264,341 63,025,621
Current liabilities 71,806,270 86,987,277 4,157,758 6,417,823 75,964,028 93,405,100
Non-current liabilities 239,436,214 215,762,014 47,344,980 46,100,206 286,781,194 261,862,220
Total liabilities 311,242,484 302,749,291 51,502,738 52,518,029 362,745,222 355,267,320
Deferred inflows of resources 28,159,080 31,014,508 1,003,004 869,099 29,162,084 31,883,607
Net position:
Net investment in capital assets 207,238,139 179,244,593 38,897,539 37,443,048 246,135,678 216,687,641
Restricted 125,412,153 102,213,751 18,567,429 17,778,135 143,979,582 119,991,886
Unrestricted (46,774,746) (53,796,060) (9,796,010) (11,030,626) (56,570,756) (64,826,686)
Net position $ 285,875,546 $ 227,662,284 $ 47,668,958 $ 44,190,557 $ 333,544,504 $ 271,852,841
The largest portion (approximately 74%) of Deschutes County’s net position represents its net investment in
capital assets including land, infrastructure, buildings, roads, equipment and subscriptions. These assets are
used to provide core services to Deschutes County citizens and are not available for future spending. The portion
of net position restricted for use in its long-term capital projects, landfill closure and post-closure costs, public
safety, county road, health & welfare, and OPEB RHIA totaled $143,979,582 or 43%. The unrestricted category
of net position is negative for governmental activities and business-type activities by a total of $56,570,756
due in part to the net pension liability and total Other Post-Employment Benefits’ (OPEB) liability’s impact on
net position.
28 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Changes in Net Position
The net position of the County increased by $63,841,817 during FY 2025. As of July 1, 2024, the County
implemented GASB Statement No. 101, Compensated Absences. GASB 101 requires recognition of a liability
for certain accumulated leave attributable to past service that is more likely than not to be used for time
off or paid, including salary-related payments. To conform to this guidance, the County recorded additional
compensated absences liabilities and restated beginning net position, resulting in a decreases of $2,142,089
for governmental activities beginning net position and $8,065 for business-type activities beginning net position
(total decrease in beginning net position of $2,150,154). This restatement impacted the government-wide
statements and proprietary statements.
Governmental activities Business-type activities Total
FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024
Program revenues:
Charges for services $ 69,255,866 $ 56,746,517 $ 26,588,195 $ 23,237,387 $ 95,844,061 $ 79,983,904
Operating grants and
contributions 100,553,549 92,606,334 66,622 53,167 100,620,171 92,659,501
Capital grants and contributions 12,490,351 - - - 12,490,351 -
General revenues:
Property taxes 110,569,139 105,685,127 - - 110,569,139 105,685,127
Other taxes 12,738,933 12,438,741 - - 12,738,933 12,438,741
Other 14,722,447 11,982,540 1,602,196 1,909,913 16,324,643 13,892,453
Total revenues 320,330,285 279,459,259 28,257,013 25,200,467 348,587,298 304,659,726
Expenses:
General government 57,251,250 34,521,844 - - 57,251,250 34,521,844
Public safety 85,676,598 107,768,750 - - 85,676,598 107,768,750
County roads 35,859,987 35,000,781 - - 35,859,987 35,000,781
Health and welfare 77,446,852 76,969,969 - - 77,446,852 76,969,969
Interest on long-term debt 1,867,608 1,547,824 - - 1,867,608 1,547,824
Solid Waste - - 18,175,536 19,875,561 18,175,536 19,875,561
Fair and Expo Center/RV Park - - 8,467,650 7,376,334 8,467,650 7,376,334
Total expenses 258,102,295 255,809,168 26,643,186 27,251,895 284,745,481 283,061,063
Excess (deficiency) before transfers 62,227,990 23,650,091 1,613,827 (2,051,428) 63,841,817 21,598,663
Transfers (1,872,639) (1,802,609) 1,872,639 1,802,609 - -
Change in net position 60,355,351 21,847,482 3,486,466 (248,819) 63,841,817 21,598,663
Net position, Beginning of year,
as previously reported 227,662,284 205,814,802 44,190,557 44,439,376 271,852,841 250,254,178
Change in accounting principle (2,142,089) - (8,065) - (2,150,154) -
Net position, Beginning of year,
as restated 225,520,195 205,814,802 44,182,492 44,439,376 269,702,687 250,254,178
Net position, End of year $ 285,875,546 $ 227,662,284 $ 47,668,958 $ 44,190,557 $ 333,544,504 $ 271,852,841
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 29
Deschutes County, Oregon FINANCIAL SECTION
Changes Due To Governmental Activities
Governmental activities increased net position by $60,355,351, or 27%. Program expenses increased by 1%,
program revenues increased by 22% and taxes increased by 4%.
Governmental activities rely on general revenues to support County functions. Property taxes make up the
largest share of this support at 35% and are levied for general purposes, law enforcement, 9-1-1 operations
and extension/4-H services. Total tax revenues for the year increased primarily due to increased property taxes
revenue. Tax assessed values increased by 4.77% which was driven by increased local real estate market values.
Federal and State operating grants and contributions provide significant resources that are used for public
safety, health services, and fiscal recovery. Operating grant and contribution revenue accounted for 31% of total
governmental activities revenue in FY 2025. A key reason for the increase in grant revenue from $92.6 million
in FY 2024 to $100.5 million in FY 2025 was due to a major increase in the CCBHC funding. CCBHC revenues
were budgeted at $4.7 million and the County received $12 million during FY 2025.
Fees, fines and charges for services, which account for 22% of governmental activities funding, include state
gas tax and registration fees, law enforcement related fees, and fees for services provided by the Clerk’s Office
and Community Development. The primary reason for the $1.3 million, or 16%, increase in charges for services
revenue for FY 2025 was the fee rate hike implemented by Community Development in November 2024.
Millions
Function/Program by Funding Type - Governmental Activities
Support from General Revenues Support from Program Revenues
General government
Public safety
County roads
Health and welfare
Interest and fiscal charges
0 20 40 60 80 100
Revenues by Source - Governmental Activities
Other taxes Charges for services
Investment revenues Operating grants and contributions
Capital grants and contributions Property taxes
0 50 100 150 200 250 300 350
30 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Changes Due to Business-Type Activities
Business-type activities remained stable and increased net position by $3,486,466.
Solid Waste
During FY 2025, the County’s solid waste operation experienced an increase in net position of $3,350,971.
Operating income during FY 2025 was $2,922,842. The full cost of operations includes depreciation, amortization,
and accrual of landfill closure and post-closure costs.
Fair and Expo Center/RV Park
The operating loss from the County’s Fair and Expo Center/RV Park during FY 2025 was $2,098,203; however,
as the Fair & Expo Center/RV Park is a large contributor to the County’s tourism industry, its losses are partially
offset by transfers from the Transient Room Tax Fund. FY 2025, the overall subsidy provided was $1,897,557.
Fair & Expo Center/RV Park revenues increased to $6,359,937, an increase of $502,605, or 9%, from the prior
fiscal year. All of the program revenues for business-type activities come from charges for services.
Millions
Function/Program by Funding Type - Business Activities
Support from Non-Program Revenues and Transfers Support from Program Revenues
Solid Waste
Fair and Expo Center/RV Park
0 5 10 15 20 25
Revenues by Source - Business Activities
Charges for services Operating grants and contributions Investment Revenues
0 5 10 15 20 25 30
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 31
Deschutes County, Oregon FINANCIAL SECTION
Financial Analysis of County’s Funds
Deschutes County uses fund accounting to ensure and demonstrate compliance with finance-related legal
requirements.
Governmental Funds
The focus of Deschutes County’s governmental funds is to provide information on near-term inflows, outflows
and balances of spendable resources. Such information is useful in assessing Deschutes County’s financing
requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net
resources available for spending as of the end of the fiscal year.
As of June 30, 2025, $221,811,992 is the reported combined ending fund balance for Deschutes County’s
governmental funds, an increase of $33,527,468 from June 30, 2024.
Changes, amounts and percentages, in the fund balances of the major governmental funds and of the other
governmental funds were:
Major Funds
■General Fund: increase of $11,958,743, 34%
■Sheriff, Countywide Law Enforcement District, and Rural Law Enforcement District (combined): increase
of $8,135,193, 53%
■Road: decrease of $1,626,088, -11%
■Road CIP: increase of $2,370,616, 15%
■Health Services: increase of $10,518,568, 32%
■Campus Improvements: increase of $3,133,999, 15%
Nonmajor Funds
■Nonmajor special revenue: decrease of $936,995, -2%
■Nonmajor debt service: decrease of $26,568, -73%
Significant Changes in Major Funds
General Fund
As of June 30, 2025, the fund balance of Deschutes County’s General Fund was $47,265,281. Of this fund balance,
$24,572,935 is nonspendable, committed, or assigned for specific use and $22,692,346 is unassigned. One
measure of the General Fund’s liquidity is the relationship of the fund balance to the Fund’s total expenditures.
The ending fund balance as of June 30, 2025, for the General Fund is 77% of total General Fund revenues and
transfers in, and 95% of total General Fund combined expenditures and transfers out.
Deschutes County’s General Fund balance increased by $11,958,743, or 34%, during FY 2025. Total revenues
increased $5.1 million, or 10%. This change is attributed to the following fluctuations in revenue sources:
■Increases to property tax revenues of $1.9 million, or 4.77%. During FY 2025, assessed valuation of
taxable property rose by 4.77% and the County levied the full permanent property tax rate of $1.2783
per $1,000 of assessed value.
■Increases to investment earnings of $797,060, or 41%, largely due to the high interest rate environment.
■Increases in charges for services revenue of $401,868, or 21%, as the Clerk’s Office operations resumed
normal recording levels following the prior year decrease in real estate activities.
■Increases in payments on contracts of sale of $973,734, or 751%, due to County property sales during
the fiscal year.
■Increases in other revenues of $582,163 over the prior year due the the County receiving $628,349 in
Opioid Settlement funding during FY 2025.
32 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
During FY 2025, expenditures increased by $5.2 million, or 15%, due to increases in personnel costs, related to
increased cost of living adjustments, union contract negotiations, and rising health benefits and retirement costs.
Sheriff’s Office, Countywide Law Enforcement County District and Rural Law Enforcement County District
Sheriff’s services are funded through two voter-approved county service district property tax levies. One district
levies a tax throughout the county to provide funding for countywide services and the other levies a tax in
the unincorporated area to provide funding for Sheriff’s services outside city boundaries. In the current fiscal
year, these two law enforcement districts collectively contributed $49,503,095 to the Sheriff’s fund, where all
expenditures related to Sheriff’s services are recorded. The combined fund balances of these three major
funds increased by $8,135,193. During FY 2025, assessed valuation of taxable property rose by 4.77% and both
districts maintained their tax levies at their full permanent rates. This growth in assessed valuation of taxable
property was primarily driven by the new construction throughout the County and an average increase of
approximately 3% in the taxable property values. Amidst uncertain economic conditions and rising inflation,
the Sheriff’s Office has continued to put forth efforts to reduce materials and supplies expenses to offset rising
personnel costs. This resulted in the Sheriff’s Office’s total expenditures increasing by only $858,755, or 1.4%,
over the previous year.
Road
The fund balance of the Road fund decreased by $1,626,088, or -11%, during FY 2025. During FY 2025, $8.6
million was transferred from the Road Fund to the Road CIP fund. The Road fund receives the majority of its
revenue from the State of Oregon gas tax, vehicle registrations, and the federal Secure Rural Schools Program.
The fund balance will be used in the future to maintain county road systems.
Road Capital Improvement Plan (Road CIP)
The Road CIP fund receives annual transfers from the Road Fund, a major fund, for significant capital
improvement projects. Transfers into this fund during FY 2025 were approximately $8.6 million from the Road
Fund and $385,000 million from non-major special revenue funds. Capital outlay expenditures for road projects
occurring during FY 2025 totaled $8,402,847, a 61% decrease over prior year capital outlay expenditures of
$21,543,735, resulting in an overall increase of $2,370,616 to fund balance.
Health Services
Fund balance for the Health Services Fund increased by $10,518,568, or 32%. Revenue within the Health Services
fund increased by $16,804,708, or 26%, from the prior year. State and federal grant revenues continued to
remain a stable revenue source for Health Services, increasing 31% to $74.3 million in FY 2025 from $56.9
million in FY 2024. The most significant increase in grant revenue was directly related to the CCHBC grant
which resulted in $7.3 million of additional funding for Health Services over original expectations of $4.7
million. Health Services expenditures increased by $5.5 million, or 8%, over the prior year, and is correlated
to increased services provided by acquiring new funding sources.
Campus Improvement
The Campus Improvement fund revenue for FY 2025 consisted of $12.4 million of state grant funds and $2
million of investment earnings dedicated to campus improvements, specifically the major renovation of the
County Courthouse. Transfers into this fund during FY 2025 were approximately $5.5 million, the majority
from the Local Assistance and Tribal Consistency funds held in the American Rescue Plan Act fund (ARPA).
Capital outlay expenditures for campus improvements occurring during FY 2025 totaled $15.5 million, a 68%
increase over prior year capital outlay expenditures of $9.2 million, resulting in an overall decrease to fund
balance of $3.1 million.
Nonmajor Funds
The combined fund balances of the County’s non-major special revenue funds decreased by $963,563, or 2%.
The Transient Room Tax fund revenues increased from approximately $12.4 million in FY 2024 to $12.7 million
in FY 2025, a small increase related to the mild fire season Central Oregon experienced compared to the prior
year. Community Development fund balance has increased by $934,522 due to the 16% increase in revenues, a
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 33
Deschutes County, Oregon FINANCIAL SECTION
direct result of increased fees imposed November 1, 2024. The County assesses fees for future transportation
requirements which resulted in revenues of $1,388,396 in the Countywide Transportation SDC Improvement
fund during FY 2025, resulting in an increase in fund balance of $1 million, or 49%.
The debt service fund ending fund balance decreased by $26,568 during the fiscal year. The County allocates
the exact amount of rent revenue to cover the debt service fund costs not covered by charges for services,
investment income or transfers in, then any remaining rent revenue is recorded in the General Fund. Rent
revenue and charges for services decreased from the prior year by $580,672, or 21%, corresponding with the
decreased expenses of $316,409, or 6%.
Proprietary Funds
The information presented in the proprietary funds statement is similar to that in the government-wide financial
statements but provides greater detail. At June 30, 2025, the net position of Solid Waste was $25,745,178, an
increase of $3,350,971 compared to the prior fiscal year. Charges for services increased by $2,914,825, or 17%,
as services available at transfer stations increased. Current year expenses for landfill closure and post-closure
costs decreased $3,033,868. The estimate for post closure liability at June 30, 2025, was $18,470,436. Projections
show Solid Waste revenues will continue to be adequate to cover the cost of current operations. The operation of
Solid Waste provides the resources to be used in future years for the closure and post-closure costs associated
with the landfills.
At June 30, 2025, the net position of the Fair and Expo Center/RV Park was $21,923,780, an increase of $135,495.
As the Fair and Expo Center/RV Park is a reason why many people visit Central Oregon, resources from the
County’s transient room tax are made available to support this activity. Transient room taxes of $1,897,557
were transferred to Fair and Expo Center/RV Park during FY 2025.
General Fund Budgetary Highlights
There were 17 budget adjustments to the General Fund’s original budget during FY 2025:
1. Recognized Criminal Justice Restorative grant revenue for the District Attorney’s Office and increased
program expense by $253,000.
2. Recognized the Organized Retail Theft grant revenue for the District Attorney’s Office and increased program
expense by $17,877.
3. Increased Oregon Department of Veteran’s Affairs grant revenue for Veterans’ Services and program
expense appropriations by $90,532.
4. Transferred $7,600 of appropriations from the Sheriff’s Office to the District Attorney’s Office for the
Deschutes County Illegal Marijuana Market Enforcement grant program.
5. Recognized $934,426 of beginning working capital resources and increased contingency appropriations
by the same amount.
6. Recognized non-departmental Wolf Depredation grant revenue and increased program expenses by $32,621.
7. Recognized transfers in from the American Rescue Plan Act revenue replacement category and increased
program expenses by $3,198,234.
8. Recognized transfers in from the American Rescue Plan Act for the District Attorney’s Office and Victim’s
Assistance Program and increased contingency by $420,878.
9. Recognized transfers in from the American Rescue Plan Act revenue replacement category and increased
program expenses by $300,000.
10. Recognized non-departmental grant revenue from the Oregon Judicial Department and increased program
expenses by $177,481.
11. Increased program expense appropriations and reduced contingency by $95,000 for contracted services
provided by Saving Grace.
34 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
12. Increased transfers in resources by $397,668, increased program expense by $34,998, and increased
contingency by $362,670. This budget adjustment was required to balance transfers in and transfers out
within the overall County budget.
13. Recognized non-departmental Wolf Depredation grant revenue and increased program expenses by $50,000.
14. Recognized non-departmental Community Development Block grant revenue and increased program
expenses by $54,000 for funds passed through to NeighborImpact.
15. Increased transfers out appropriations and decreased program expense by $37,645 for Swalley Canal
fortification work performed by Project Development.
16. Increased program expense and reduced contingency due to increased health insurance costs for the
following departments:
A. Property Value Appeal Board $2,200
B. Tax $23,400
C. Property Management $12,400
17. Recognized transfers in resources of $20,108 from the Road Building & Equipment Fund for the sale of a
vehicle, increased transfers out appropriations by $45,108 to the Vehicle Replacement Fund, and reduced
program expense appropriations by $25,000.
The General Fund’s actual revenues including transfers were $2,136,362 more than estimated. The increase is
mainly due to investment earnings exceeding projections by $1,017,069, unforeseen opioid settlement proceeds
of $628,349, and an additional $531,259 in property tax revenues over the budgeted amount. General Fund
expenditures, excluding transfers out, were $10,618,728 less than budgeted, nearly 21% of final appropriations.
Factors contributing to this variance include unfilled positions and lower than anticipated expenditures of
recategorized ARPA revenue and opioid settlement proceeds.
Capital Asset and Debt Administration
Capital Assets
Deschutes County’s capital assets for its governmental and business-type activities as of June 30, 2025, was
$299,726,341, net of accumulated depreciation and amortization. The book value of the depreciable assets is 46%
of historical cost. Capital assets include land, buildings, equipment, software subscriptions, and infrastructure
such as roads and bridges.
Major capital asset events during FY 2025 included the following:
■Road CIP significant road projects included the completion of Hamehook Road Bridge replacement, $1.8
million incurred in FY 2025 with total project costs of $2.2 million, and the completion of Powell Butte
Highway and Butler Market Road roundabout, $930,696 incurred in FY 2025 with total project costs of
$2.9 million.
■The Campus Improvement fund made substantial progress on the courthouse expansion project during
FY 2025. Construction began in May 2024, and the project is expected to be completed in August 2026.
The expansion includes new courtrooms, judges’ chambers, and updated security features such as a
sallyport and secure parking. Total cost of the courthouse expansion is estimated at $46.8 million; $23
million has been spent through June 30, 2025.
■In July 2024, Solid Waste completed the Negus Transfer Station in north county. The purpose of this
transfer station is to expand solid waste services for residents and businesses in north Deschutes County.
Total costs of the transfer station was $20.1 million.
■Deschutes County 911 county service district completed the radio system improvement projects. In 2017,
the District partnered with the Oregon Department of Transportation to replace its aging analog radio
systems with a system that addressed gaps in coverage and takes advantage of modern day technology.
Total project costs were $2.9 million.
Additional information on Deschutes County’s capital assets is included in Note 3E.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 35
Deschutes County, Oregon FINANCIAL SECTION
Long-Term Debt
As of June 30, 2025, Deschutes County’s outstanding debt was $73,182,712. Of this amount, $53.8 million
comprises debt backed by the full faith and credit of the County. The remainder of the County’s long-term
obligations is comprised of pension bonds, notes payable, unamortized premium/discount, leases payable
and subscription liabilities. Below if a summary of the County’s debt by type and activity.
Deschutes County’s Outstanding Debt
Governmental activities Business-type activities Total
2025 2024 2025 2024 2025 2024
Pension Bonds $ 3,960,000 $ 4,660,000 $ - $ - $ 3,960,000 $ 4,660,000
Notes Payable - 232,646 1,292,900 2,107,154 1,292,900 2,339,800
Full Faith & Credit 34,361,169 36,976,873 19,478,831 20,338,127 53,840,000 57,315,000
Unamortized premium
(discount), net 2,730,667 2,970,043 2,729,531 2,899,066 5,460,198 5,869,109
Lease Payable 7,424,417 7,721,892 12,877 4,853 7,437,294 7,726,745
Subscription Liabilities 1,192,320 1,232,706 - - 1,192,320 1,232,706
Total $ 49,668,573 $ 53,794,160 $ 23,514,139 $ 25,349,200 $ 73,182,712 $ 79,143,360
Deschutes County’s bonded debt decreased by $8,867,912 during the fiscal year by scheduled debt repayments.
Moody’s Investors Services upgraded the credit rating of Pension Bonds during June 2021 from Aa2 to Aa1. The
rating is based on the weighted average credit quality of the pension-bond participants. Deschutes County is
one participant of many in the limited tax bonds issued by the State of Oregon.
Moody’s Investors Services assigned a credit rating of Aa1 to Deschutes County’s Full Faith & Credit obligations. This
rating was upgraded in FY 2019 through refinancing of the County’s 2008 & 2009 Full Faith & Credit obligations and
was reaffirmed in November 2023 through the issuance of 2023 Full Faith & Credit Series Obligations. See Note 3G
in the Notes to Financial Statements.
State statutes limit the amount of general obligation debt a governmental entity may issue to 2% of its real market
value. With real market value over $82 billion, the current debt limitation for Deschutes County is $1,659,115,000.
The County has no general obligation debt as of June 30, 2025.
Additional information on Deschutes County’s long-term debt is included in Note 3G.
Key Economic Factors and Budget Information for the Future
The most recent actuarial valuation for the State of Oregon Public Employees Retirement System (PERS) was
received by employers in September 2025 and included employer rates to be in effect July 1, 2025 through
June 30, 2027. The County expects PERS costs to increase approximately 4.5% during FY 2026.
The County established a PERS Reserve fund in 2004. The purpose of the fund is to provide relief to departments
as PERS rates increase. The ending fund balance for the PERS Reserve is $5,003,218 as of June 30, 2025, of
which $5 million is being utilized to establish a PERS side account and receive a 25% match of $1.25 million
from the State of Oregon.
The County’s Assessed Value of Taxable Property increased from FY 2024 to FY 2025 by 4.77% to approximately
$33.7 billion and this growth in assessed value is expected to continue. The annual property tax levy is based on the
assessed value times the tax rate, not to exceed the permanent rate of $1.2783 per $1,000 of assessed valuation.
For FY 2026, the County’s general levy will remain at a rate of $1.2783 per $1,000 of assessed value.
As part of the ongoing efforts to ensure equitable compensation, Deschutes County is undertaking a
comprehensive wage equity analysis, in alignment with the Oregon Pay Equity laws (ORS 652.210-652.235).
This analysis will assess wage disparities across the County’s workforce to address any inequities effectively.
The project is slated for completion by April 2026. Due to the retrospective nature of the analysis, the County
36 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
anticipates executing retroactive payments to employees who may have been undercompensated. However, the
total liability associated with these adjustments is currently indeterminate. We are committed to maintaining
compliance with state laws and ensuring that our compensation practices are fair and equitable for all employees.
Requests For Information
This financial report is designed to provide a general overview to those parties interested in Deschutes County’s
finances. Questions concerning any of the information provided in this report or requests for additional information
should be addressed to Deschutes County Finance Department, 1300 NW Wall Street, Suite 200, Bend, OR 97703.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 37
T h e p a g e I n t e n t i o n a l l y l e f t b l a n k
38 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
Basic Financial
Statements
Deschutes County, Oregon FINANCIAL SECTION
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 39
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Deschutes County, Oregon
Statement of Net Position
June 30, 2025
Governmental
Activities
Business-Type
Activities Total
ASSETS
Current assets:
Cash and cash equivalents $ 53,034,144 $ 6,272,369 $ 59,306,513
Investments, at fair value; plus accrued interest 225,186,030 26,583,781 251,769,811
Taxes receivable 3,665,658 - 3,665,658
Accounts receivable, net 19,384,977 1,602,970 20,987,947
Leases receivable, current portion 433,080 - 433,080
Inventory 3,342,082 24,466 3,366,548
Prepaid expenses 1,028,431 328,092 1,356,523
Total current assets 306,074,402 34,811,678 340,886,080
Noncurrent assets:
Leases receivable 437,805 - 437,805
Net OPEB RHIA asset 2,643,009 96,993 2,740,002
Capital assets not being depreciated 51,653,111 2,721,286 54,374,397
Capital assets, net of accumulated depreciation/
amortization 185,789,331 59,562,613 245,351,944
Notes, contracts, and assessments receivable, net of
allowance 397,241 - 397,241
Total noncurrent assets 240,920,497 62,380,892 303,301,389
Total assets 546,994,899 97,192,570 644,187,469
DEFERRED OUTFLOWS OF RESOURCES
Debt refunding 503,269 127,779 631,048
Pension plan 64,534,674 2,368,311 66,902,985
OPEB County plan 13,169,098 483,281 13,652,379
OPEB RHIA 75,170 2,759 77,929
Total deferred outflows of resources 78,282,211 2,982,130 81,264,341
Total assets and deferred outflows of resources 625,277,110 100,174,700 725,451,810
40 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Deschutes County, Oregon
Statement of Net Position
June 30, 2025
Governmental
Activities
Business-Type
Activities Total
LIABILITIES
Current liabilities:
Accounts payable and other current liabilities 18,867,990 1,291,147 20,159,137
Payroll liabilities 7,369,482 196,261 7,565,743
Accrued interest 136,103 74,625 210,728
Unearned revenues 19,125,885 331,681 19,457,566
Current portion of noncurrent liabilities 26,306,810 2,264,044 28,570,854
Total current liabilities 71,806,270 4,157,758 75,964,028
Noncurrent liabilities:
Compensated leave 16,481,988 606,658 17,088,646
Lease payable 7,424,417 12,877 7,437,294
Subscription liabilities 1,192,320 - 1,192,320
Total OPEB County plan liability 36,023,632 1,321,998 37,345,630
Net pension plan liability 155,206,875 5,695,793 160,902,668
Bonds and notes payable (net of premiums and
discounts) 41,051,836 23,501,262 64,553,098
Accrued claims payable 8,361,956 - 8,361,956
Accrued landfill closure and postclosure costs - 18,470,436 18,470,436
Less current portion of noncurrent liabilities (26,306,810) (2,264,044) (28,570,854)
Total noncurrent liabilities 239,436,214 47,344,980 286,781,194
Total liabilities 311,242,484 51,502,738 362,745,222
DEFERRED INFLOWS OF RESOURCES
Lease resources 827,846 - 827,846
Pension plan 12,825,501 470,672 13,296,173
OPEB County plan 14,166,651 519,888 14,686,539
OPEB RHIA 339,082 12,444 351,526
Total deferred inflows of resources 28,159,080 1,003,004 29,162,084
Total liabilities and deferred inflows of resources 339,401,564 52,505,742 391,907,306
NET POSITION
Net investment in capital assets 207,238,139 38,897,539 246,135,678
Restricted for:
Capital projects 42,146,232 - 42,146,232
Public safety 23,343,748 - 23,343,748
County road 13,801,875 - 13,801,875
Health and welfare 43,477,289 - 43,477,289
Landfill closure and postclosure liability - 18,470,436 18,470,436
Net OPEB RHIA asset 2,643,009 96,993 2,740,002
Unrestricted (46,774,746) (9,796,010) (56,570,756)
Total net position $ 285,875,546 $ 47,668,958 $ 333,544,504
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 41
Deschutes County, Oregon FINANCIAL SECTION
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Statement of Activities
For the Fiscal Year Ended June 30, 2025
Program Revenues
Net (Expense) Revenue and
Changes in Net Position
Function/Program Expenses
Fees, Fines
and
Charges for
Services
Operating
Grants and
Contributions
Capital
Grants and
Contributions
Governmental
Activities
Business-type
Activities Total
Governmental:
General government $ 57,251,250 $ 30,418,435 $ 6,162,889 $ 12,490,351 $ (8,179,575) $ - $ (8,179,575)
Public safety 85,676,598 5,128,619 12,808,818 - (67,739,161) - (67,739,161)
County roads 35,859,987 30,587,732 - - (5,272,255) - (5,272,255)
Health and welfare 77,446,852 3,121,080 81,581,842 - 7,256,070 - 7,256,070
Interest and fiscal
charges 1,867,608 - - - (1,867,608) - (1,867,608)
Total governmental
activities 258,102,295 69,255,866 100,553,549 12,490,351 (75,802,529) - (75,802,529)
Business-type:
Solid Waste 18,175,536 20,281,425 13,455 - - 2,119,344 2,119,344
Fair and Expo Center/
RV Park 8,467,650 6,306,770 53,167 - - (2,107,713) (2,107,713)
Total business-type
activities 26,643,186 26,588,195 66,622 - - 11,631 11,631
Total $ 284,745,481 $ 95,844,061 $ 100,620,171 $ 12,490,351 $ (75,802,529) $ 11,631 $ (75,790,898)
General revenues:
Property taxes, levied for general purposes $ 54,143,075 $ - $ 54,143,075
Property taxes, levied for sheriff services 56,426,064 - 56,426,064
Transient room tax 12,738,933 - 12,738,933
Investment earnings 14,722,447 1,602,196 16,324,643
Transfers (1,872,639) 1,872,639 -
Total general revenues and transfers 136,157,880 3,474,835 139,632,715
Change in net position 60,355,351 3,486,466 63,841,817
Net position - beginning of year, as previously reported 227,662,284 44,190,557 271,852,841
Change in accounting principle (2,142,089) (8,065) (2,150,154)
Net position - beginning of year, as restated 225,520,195 44,182,492 269,702,687
Net position - end of year $ 285,875,546 $ 47,668,958 $ 333,544,504
42 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
T h e p a g e I n t e n t i o n a l l y l e f t b l a n k
Deschutes County, Oregon FINANCIAL SECTION
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 43
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Governmental Funds
Balance Sheet
June 30, 2025
General
Fund
Sheriff’s
Office
Countywide
Law
Enforcement
District
Rural
Law
Enforcement
District Road
Assets
Cash and cash equivalents $ 9,926,821 $ 335,048 $ 3,062,830 $ 1,265,397 $ 2,874,020
Investments, at fair value; plus accrued
interest 42,142,575 1,594,522 12,884,321 5,323,099 12,203,698
Taxes receivable 737,424 - 689,707 278,973 -
Accounts receivable, net 1,091,800 335,639 - - 191,947
Notes, contracts, and assessments
receivable 166,105 - - - 219,601
Lease receivable 426,165 - - - -
Due from other funds 106,361 - - - -
Inventory - - 496,976 205,364 2,639,742
Total assets $ 54,597,251 $ 2,265,209 $ 17,133,834 $ 7,072,833 $ 18,129,008
Liabilities
Accounts payable and other current
liabilities $ 1,320,841 $ 727,432 $ - $ - $ 1,407,613
Due to other funds - - - - -
Payroll liabilities 3,317,065 1,248,194 - - 245,854
Deposits 17,377 - - - -
Unearned revenue 1,499,753 236,987 - - 2,445,843
Total liabilities 6,155,036 2,212,613 - - 4,099,310
Deferred inflows of resources
Unavailable revenue - property taxes 656,248 - 614,425 248,494 -
Unavailable revenue - special
assessments 7,070 - - - 88,214
Unavailable revenue - services provided 3,934 52,596 - - 139,609
Unavailable revenue - contracts of sale 110,170 - - - -
Unavailable revenue - leases 399,512 - - - -
Total deferred inflows of resources 1,176,934 52,596 614,425 248,494 227,823
Fund balances
Nonspendable 46,213 - 496,976 205,364 2,639,742
Restricted - - 16,022,433 6,618,975 11,162,133
Committed 13,017,246 - - - -
Assigned 11,509,476 - - - -
Unassigned 22,692,346 - - - -
Total fund balances 47,265,281 - 16,519,409 6,824,339 13,801,875
Total liabilities, deferred inflows of
resources and fund balances $ 54,597,251 $ 2,265,209 $ 17,133,834 $ 7,072,833 $ 18,129,008
44 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Road
Capital
Improvement
Plan
Health
Services
Campus
Improvement
Other
Governmental
Funds
Total
Governmental
Funds
$ 3,756,519 $ 9,536,719 $ 5,865,870 $ 10,889,954 $ 47,513,178
15,951,531 40,495,282 24,908,599 46,238,407 201,742,034
- - - 1,959,554 3,665,658
- 12,577,247 - 2,632,741 16,829,374
- - - 11,535 397,241
- - - 308,719 734,884
- - - - 106,361
- - - - 3,342,082
$ 19,708,050 $ 62,609,248 $ 30,774,469 $ 62,040,910 $ 274,330,812
$ 1,870,169 $ 3,043,399 $ 1,956,469 $ 5,950,806 $ 16,276,729
- - - 106,361 106,361
- 1,481,839 - 670,628 6,963,580
- 3,468 - - 20,845
- 8,059,430 4,509,649 2,353,051 19,104,713
1,870,169 12,588,136 6,466,118 9,080,846 42,472,228
- - - 194,423 1,713,590
- - - - 95,284
- 6,543,823 - 689,211 7,429,173
- - - - 110,170
- - - 298,863 698,375
- 6,543,823 - 1,182,497 10,046,592
- - - - 3,388,295
17,837,881 43,477,289 16,957,356 45,751,680 157,827,747
- - 7,350,995 6,025,887 26,394,128
- - - - 11,509,476
- - - - 22,692,346
17,837,881 43,477,289 24,308,351 51,777,567 221,811,992
$ 19,708,050 $ 62,609,248 $ 30,774,469 $ 62,040,910 $ 274,330,812
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 45
T h e p a g e I n t e n t i o n a l l y l e f t b l a n k
46 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position
June 30, 2025
Total fund balances for governmental funds $ 221,811,992
Amounts reported for governmental activities in the statement of net position are
different because:
Capital assets used in governmental activities are not financial resources and,
therefore, are not reported in the governmental funds:
Governmental capital assets 430,541,412 Less accumulated depreciation (194,192,472) 236,348,940
Prepaid expenses 770,428 OPEB RHIA Plan asset 2,474,814
Deferred outflows of resources related to debt refunding costs and pensions are
applicable to future periods and, therefore, are not reported in the governmental
funds:
Deferred outflows of resources - Debt refunding costs 503,269
Deferred outflows of resources - Pension plan 60,427,859
Deferred outflows of resources - OPEB County plan 12,331,047
Deferred outflows of resources - OPEB RHIA 70,386 73,332,561
Noncurrent liabilities applicable to the County’s governmental activities are not
due and payable in the current period and, accordingly, are not reported as fund
liabilities. Interest on bonds and notes payable is not accrued in governmental
funds, but rather is recognized as an expenditure when due. All liabilities, current
and noncurrent, are reported in the statement of net position:
Bonds and notes payable (38,321,169)
Accrued interest on bonds and notes payable (136,103)
Unamortized premium and discount on bonds (2,730,667)
Lease payable (7,395,912) Subscription liabilities (1,065,587)
Total OPEB County Plan liability (33,731,171)
Net pension liability (145,329,865) (228,710,474)
Accrued compensated absences are not due and payable in the current period and,
therefore, are not reported in the governmental funds. (14,821,716)
A portion of the County’s receivables will not be collected soon enough to pay for
the current year’s expenditures and, therefore, are reported as deferred inflows
of resources in the governmental funds. 9,348,217
Deferred inflows of resources are applicable to future periods and, therefore, are
not reported in the governmental funds: Deferred inflows of resources - OPEB County plan (13,265,118)
Deferred inflows of resources - OPEB RHIA (317,504)
Deferred inflows of resources - Pension plan (12,009,316) (25,591,938)
Internal service fund is used by the County to charge the cost of insurance, facilities,
administration, finance, legal, human resources and information technology
to County funds. The net position of the internal service fund is included in
governmental activities in the statement of net position. 10,912,722
Net position of governmental activities $ 285,875,546
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 47
Deschutes County, Oregon FINANCIAL SECTION
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Governmental Funds
Statement of Revenues, Expenditures, and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2025
General
Fund
Sheriff’s
Office
Countywide
Law
Enforcement
District
Rural
Law
Enforcement
District Road
Revenues
Taxes - property $ 41,724,259 $ - $ 40,254,633 $ 16,093,108 $ -
Taxes - other - - - - -
Licenses and permits 48,210 422,049 - - -
Fines, forfeitures and penalties 328,235 181,011 - - 12,873
Investment earnings 2,756,103 92,189 925,889 363,585 811,286
Rents 814,784 - - - 1,298
Intergovernmental 5,635,346 56,155,852 - - 25,484,408
Charges for services 2,273,579 332,626 - - 2,750,268
Payments on contracts of sale 1,103,349 - 767 306 1,270
Other 644,390 234,219 - - -
Total revenues 55,328,255 57,417,946 41,181,289 16,456,999 29,061,403
Expenditures
Current:
General government 15,112,755 - - - -
Public safety 21,266,416 59,431,092 35,845,323 13,657,772 -
County roads - - - - 15,533,016
Health and welfare 985,945 - - - -
Debt service:
Principal payments 85,530 383,832 - - 5,450
Interest 2,422 27,424 - - 80
Trustee fees - - - - -
Capital outlay 2,027,696 1,353,078 - - 6,517,612
Total expenditures 39,480,764 61,195,426 35,845,323 13,657,772 22,056,158
Excess (deficiency) of revenues over
expenditures 15,847,491 (3,777,480) 5,335,966 2,799,227 7,005,245
Other financing sources (uses)
Issuance of long-term debt - leases 31,314 77,203 - - -
Issuance of long-term debt - subscriptions 146,656 265,505 - - -
Transfers in 6,405,544 3,751,787 - - -
Transfers out (10,472,262) (317,015) - - (8,631,333)
Total other financing sources (uses) (3,888,748) 3,777,480 - - (8,631,333)
Net change in fund balances 11,958,743 - 5,335,966 2,799,227 (1,626,088)
Fund balances - beginning of year
As previously reported 37,885,862 - 11,183,443 4,025,112 15,427,963
Changes within the financial reporting
entity (2,579,324) - - - -
Fund balances - beginning of year, as
restated 35,306,538 - 11,183,443 4,025,112 15,427,963
Fund balances - end of year $ 47,265,281 $ - $ 16,519,409 $ 6,824,339 $ 13,801,875
48 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Road
Capital
Improvement
Plan
Health
Services
American
Rescue
Plan Act
Campus
Improvement
Other
Governmental
Funds
Total
Governmental
Funds
$ - $ - $ - $ 12,380,251 $ 110,452,251
- - - 12,738,931 12,738,931
- - - 1,725,442 2,195,701
- - - 626,361 1,148,480
867,588 2,405,657 1,953,875 3,329,014 13,505,186
- 6,734 - 1,169,310 1,992,126
890,114 74,345,133 12,490,351 28,577,641 203,578,845
- 3,666,884 26,223 12,334,683 21,384,263
- - - 5,407 1,111,099
- 700,290 - 1,210 1,580,109
1,757,702 81,124,698 14,470,449 72,888,250 369,686,991
- - 1,360,009 21,310,221 37,782,985
- - - 19,244,916 149,445,519
- - - 9,688,552 25,221,568
- 75,805,612 - - 76,791,557
- 386,194 - 4,007,969 4,868,975
- 149,522 - 1,887,211 2,066,659
- - - 901 901
8,402,847 238,545 15,515,140 4,442,372 38,497,290
8,402,847 76,579,873 16,875,149 60,582,142 334,675,454
(6,645,145) 4,544,825 (2,404,700) 12,306,108 35,011,537
- 93,870 - 367,841 570,228
- - - 45,360 457,521
9,015,761 7,502,688 5,538,699 4,982,860 37,197,339
- (1,622,815) - (18,665,732) (39,709,157)
9,015,761 5,973,743 5,538,699 (13,269,671) (1,484,069)
2,370,616 10,518,568 3,133,999 (963,563) 33,527,468
15,467,265 32,958,721 $ 166,574 21,174,352 52,574,556 190,863,848
- - (166,574) - 166,574 (2,579,324)
15,467,265 32,958,721 21,174,352 52,741,130 188,284,524
$ 17,837,881 $ 43,477,289 $ 24,308,351 $ 51,777,567 $ 221,811,992
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 49
T h e p a g e I n t e n t i o n a l l y l e f t b l a n k
50 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances
of Governmental Funds to the Statement of Activities
For the Fiscal Year Ended June 30, 2025
Amounts reported for governmental activities in the statement of activities are different because:
Net change in fund balances - total governmental funds $ 33,527,468
Financial resources received that are not revenues in the statement of activities:
Payments on land sale contracts (111,883)
Issuance of long-term debt - leases and subscriptions (1,027,749)
Revenues in the statement of activities that do not provide current financial resources
are not reported as revenues in the funds:
Unavailable revenue - services provided 552,676
Unavailable revenue - property taxes 117,606
Repayment of bond and other debt principal is an expenditure in the governmental
funds, but repayment reduces long-term liabilities in the statement of net position:
Repayments on long-term debt 3,548,350
Governmental funds report capital outlays as expenditures. However, in the
statement of activities, the cost of these assets is allocated over their estimated
useful lives and reported as depreciation and amortization expense:
Acquisition of capital assets 37,407,550
Depreciation and amortization expense (15,854,939) 21,552,611
Net effect of miscellaneous transactions involving capital assets (disposals, sales,
trade-ins, transfers, and adjustments)
(222,752)
Payments of lease and subscription liabilities is an expenditure in the governmental
funds, but repayment reduces long-term liabilities in the statement of net position: 1,331,554
Some expenses reported in the statement of activities do not require the use of
current financial resources and, therefore, are not reported as expenditures in the
governmental funds:
Amortization of deferred debt refunding cost (61,441)
Amortization of bond premium / (discount), net 239,376
(Increase) / decrease in accrued interest 11,088
(Increase) / decrease in compensated leave 129,154
(Increase / (decrease) in prepaid expense (117,119)
(Increase) / decrease in net OPEB County plan liability (11,895,287)
(Increase) / decrease in deferred outflows - OPEB County plan 8,404,107
(Increase) / decrease in deferred inflows - OPEB County plan 2,476,733
Increase / (decrease) in net OPEB RHIA asset 654,527
Increase / (decrease) in deferred outflows - OPEB RHIA 31,750
(Increase) / decrease in deferred inflows - OPEB RHIA (111,776)
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 51
Deschutes County, Oregon FINANCIAL SECTION
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
(Increase) / decrease in net Pension plan liability (17,601,233)
Increase / (decrease) in deferred outflows - Pension plan 8,670,664
(Increase) / decrease in deferred inflows - Pension plan (1,056,320) (10,225,777)
Increase in internal service fund net position 11,313,247
Total net adjustments - year ended June 30, 2025 26,827,883
Change in net position of governmental activities - year ended June 30, 2025 $ 60,355,351
52 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Proprietary Funds
Statement of Net Position
June 30, 2025
Business-Type Activities - Enterprise Funds
Governmental
Activities
Solid Waste
Fair and Expo
Center/RV Park Total
Internal
Service Fund
ASSETS
Current assets:
Cash and cash equivalents $ 4,898,251 $ 1,374,118 $ 6,272,369 $ 5,520,966
Investments, at fair value, plus accrued
interest 20,778,507 5,805,274 26,583,781 23,443,996
Accounts receivable 1,473,312 129,658 1,602,970 2,555,603
Lease receivable, current portion - - - 69,030
Inventory - 24,466 24,466 -
Prepaid expenses - 328,092 328,092 258,003
Total current assets 27,150,070 7,661,608 34,811,678 31,847,598
Noncurrent assets:
Lease receivable - - - 66,971
Net OPEB RHIA asset 67,242 29,751 96,993 168,195
Capital assets:
Land 1,791,352 132,685 1,924,037 -
Construction in progress 391,146 406,103 797,249 -
Buildings and improvements 30,318,573 22,897,923 53,216,496 -
Land improvements 37,722,799 11,478,385 49,201,184 195,977
Equipment and vehicles 10,208,438 1,233,864 11,442,302 1,436,167
Lease equipment 12,224 5,982 18,206 50,612
Infrastructure 6,223,456 - 6,223,456 -
Intangible 123,595 - 123,595 1,350,098
Subscription assets - - - 378,848
Less accumulated depreciation and
amortization (41,444,778) (19,217,848) (60,662,626) (2,318,200)
Total noncurrent assets 45,414,047 16,966,845 62,380,892 1,328,668
Total assets 72,564,117 24,628,453 97,192,570 33,176,266
DEFERRED OUTFLOWS OF RESOURCES
Debt refunding 125,220 2,559 127,779 -
Pension plan 1,641,872 726,439 2,368,311 4,106,815
OPEB County plan 335,043 148,238 483,281 838,051
OPEB RHIA 1,913 846 2,759 4,784
Total deferred outflows of resources 2,104,048 878,082 2,982,130 4,949,650
Total assets and deferred outflows of
resources 74,668,165 25,506,535 100,174,700 38,125,916
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 53
Deschutes County, Oregon FINANCIAL SECTION
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Proprietary Funds
Statement of Net Position (Continued)
June 30, 2025
Business-Type Activities - Enterprise Funds
Governmental
Activities
Solid Waste
Fair and Expo
Center/RV Park Total
Internal
Service Fund
LIABILITIES
Current liabilities:
Accounts payable and retainage
payable 1,006,970 284,177 1,291,147 2,591,261
Payroll liabilities 144,874 51,387 196,261 405,902
Accrued interest 74,180 445 74,625 -
Unearned revenues 6,205 325,476 331,681 327
Current portion of noncurrent liabilities 1,980,678 283,366 2,264,044 7,005,018
Total current liabilities 3,212,907 944,851 4,157,758 10,002,508
Noncurrent liabilities:
Compensated leave 445,294 161,364 606,658 1,660,272
Lease payable 11,714 1,163 12,877 28,505
Subscription liabilities - - - 126,733
Net pension liability 3,948,712 1,747,081 5,695,793 9,877,010
Total OPEB County plan liability 916,499 405,499 1,321,998 2,292,461
Bonds and notes (net of unamortized
premiums and discounts) 23,202,752 298,510 23,501,262 -
Accrued claims payable - - - 8,361,956
Accrued landfill closure and
postclosure costs 18,470,436 - 18,470,436 -
Less current portion of non-current
liabilities (1,980,678) (283,366) (2,264,044) (7,005,018)
Total noncurrent liabilities 45,014,729 2,330,251 47,344,980 15,341,919
Total liabilities 48,227,636 3,275,102 51,502,738 25,344,427
DEFERRED INFLOWS OF RESOURCES
Lease resources - - - 129,471
Pension plan 326,302 144,370 470,672 816,185
OPEB County plan 360,422 159,466 519,888 901,533
OPEB RHIA 8,627 3,817 12,444 21,578
Total deferred inflows of resources 695,351 307,653 1,003,004 1,868,767
Total liabilities and deferred inflows of
resources 48,922,987 3,582,755 52,505,742 27,213,194
NET POSITION
Net investment in capital assets 22,257,559 16,639,980 38,897,539 938,264
Restricted for:
Landfill closure and postclosure liability 18,470,436 - 18,470,436 -
Net OPEB RHIA asset 67,242 29,751 96,993 168,195
Unrestricted (15,050,059) 5,254,049 (9,796,010) 9,806,263
Total net position $ 25,745,178 $ 21,923,780 $ 47,668,958 $ 10,912,722
54 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Proprietary Funds
Statement of Revenues, Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2025
Business-Type Activities - Enterprise Funds
Governmental
Activities
Solid Waste
Fair and Expo
Center/RV Park
Fair and Expo
Center RV Park Total
Internal
Service Fund
OPERATING REVENUES
Charges for services $ 20,294,880 $ 6,359,937 $ 26,654,817 $ 68,760,827
Total operating revenues 20,294,880 6,359,937 26,654,817 68,760,827
OPERATING EXPENSES
Personnel 6,380,450 2,164,570 8,545,020 14,178,730
Materials and services 6,914,682 5,452,830 12,367,512 44,715,600
Landfill closure/postclosure care costs 751,111 - 751,111 -
Depreciation and amortization 3,325,795 840,740 4,166,535 402,876
Total operating expenses 17,372,038 8,458,140 25,830,178 59,297,206
Operating income (loss) 2,922,842 (2,098,203) 824,639 9,463,621
NONOPERATING REVENUES (EXPENSES)
Investment earnings 1,245,768 356,428 1,602,196 1,217,261
Interest expense (787,059) (9,510) (796,569) (4,605)
Loss on sale of assets (16,439) - (16,439) (2,209)
Total nonoperating revenues (expenses) 442,270 346,918 789,188 1,210,447
Income (loss) before transfers 3,365,112 (1,751,285) 1,613,827 10,674,068
TRANSFERS
Transfers in - 1,897,557 1,897,557 639,179
Transfers out (14,141) (10,777) (24,918) -
Net other financing sources (uses) (14,141) 1,886,780 1,872,639 639,179
Change in net position 3,350,971 135,495 3,486,466 11,313,247
Net position - beginning of year,
As previously stated 22,397,785 - 18,676,126 3,116,646 44,190,557 (2,961,045)
Change within the financial reporting
entity - 21,792,772 (18,676,126) (3,116,646) - 2,579,324
Change in accounting principle (3,578) (4,487) (8,065) (18,804)
Net position - beginning of year, as
restated 22,394,207 21,788,285 44,182,492 (400,525)
Net position - end of year $ 25,745,178 $ 21,923,780 $ 47,668,958 $ 10,912,722
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 55
Deschutes County, Oregon FINANCIAL SECTION
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Proprietary Funds
Statement of Cash Flows
For the Fiscal Year Ended June 30, 2025
Business-Type Activities - Enterprise Funds
Governmental
Activities
Solid Waste
Fair and Expo
Center/RV Park Total
Internal
Service Fund
Cash Flows From Operating Activities
Receipts from customers $ 18,652,571 $ 5,927,295 $ 24,579,866 $ -
Receipts connected with interfund services
provided - - - 66,398,470
Payments to employees (5,235,241) (2,034,304) (7,269,545) (15,513,280)
Payments to suppliers (9,029,905) (5,460,644) (14,490,549) (45,194,989)
Net cash provided (used) by operating
activities 4,387,425 (1,567,653) 2,819,772 5,690,201
Cash Flows From Noncapital Financing
Activities
Transfers in - 1,897,557 1,897,557 639,179
Transfers out (14,141) (10,777) (24,918) -
Net cash provided (used) by noncapital
financing activities (14,141) 1,886,780 1,872,639 639,179
Cash Flows From Capital And Related
Financing Activities
Acquisition and construction of capital
assets (1,296,638) (35,882) (1,332,520) (92,489)
Principal paid on capital debt (1,360,758) (312,792) (1,673,550) -
Interest paid on capital debt (944,298) (9,715) (954,013) -
Payments for leases and subscriptions (2,680) (1,520) (4,200) (116,726)
Interest paid on leases and subscriptons (36) (48) (84) (4,605)
Proceeds from leases - - - 182,450
Net cash provided (used) by capital and
related financing activities (3,604,410) (359,957) (3,964,367) (31,370)
Cash Flows From Investing Activities
Sale (purchase) of investments 207,851 275,966 483,817 (4,386,918)
Interest 900,395 256,959 1,157,354 888,175
Net cash provided (used) by investing activities 1,108,246 532,925 1,641,171 (3,498,743)
Net increase (decrease) in cash and cash
equivalents 1,877,120 492,095 2,369,215 2,799,267
Balances - beginning of year 3,021,131 882,023 3,903,154 2,721,699
Balances - end of year $ 4,898,251 $ 1,374,118 $ 6,272,369 $ 5,520,966
56 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Proprietary Funds
Statement of Cash Flows (Continued)
For the Fiscal Year Ended June 30,
Business-Type Activities - Enterprise Funds
Governmental
Activities
Solid Waste
Fair and Expo
Center/RV Park Total
Internal
Service Fund
Reconciliation of operating income (loss)
to net cash provided (used) by operating
activities:
Operating income (loss) $ 2,922,842 $ (2,098,203) 824,639 $ 9,463,621
Adjustments to reconcile operating income
(loss) to net cash provided (used) by
operating activities:
Amortization of deferred lease resources - - - (174,731)
Depreciation and amortization expense 3,325,795 840,740 4,166,535 402,876
Change in operating accruals
Receivables (1,648,514) (353,794) (2,002,308) (2,607,029)
Prepaid expenses and inventory - (26,409) (26,409) 244,672
Accounts payable (2,115,223) (7,814) (2,123,037) (336,178)
Payroll liabilities 27,817 1,117 28,934 29,872
Claims payable - - - 31,520
Unearned revenues 6,205 (52,439) (46,234) -
Compensated leave 74,749 (55,543) 19,206 76,155
Net OPEB RHIA asset (26,165) (7,732) (33,897) (9,169)
Net OPEB liability 242,428 28,992 271,420 (539,212)
Net pension liability 826,380 163,432 989,812 (892,196)
Accrued closure / postclosure 751,111 - 751,111 -
Net cash provided (used) by operating
activities $ 4,387,425 $ (1,567,653) $ 2,819,772 $ 5,690,201
Noncash Investing, Capital, And Financing
Activities
Change in fair value of investments $ 345,373 $ 27,930 $ 373,303 $ 329,086
Subscription asset and liability $ - $ - $ - $ 66,882
Lease asset and liablity $ 12,224 $ - $ - $ 15,788
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 57
Deschutes County, Oregon FINANCIAL SECTION
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Fiduciary Funds
Statement of Fiduciary Net Position
June 30, 2025
Custodial
Funds
Assets
Cash and cash equivalents $ 1,771,789
Investments, at fair value; plus accrued interest 7,523,649
Taxes receivable for other governments 7,567,256
Accounts receivable 134,572
Prepaids 8,809
Notes receivable 446,220
Total assets 17,452,295
Liabilities
Accounts payable 161,652
Deposits 4,501,338
Due to other governments 8,646,109
Unearned revenue - land auction sales 446,220
Unearned revenue - services 123,299
Total liabilities 13,878,618
Net Position
Restricted for:
Individuals, organizations, and other governments 3,573,677
Total net position $ 3,573,677
58 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Basic Financial Statements
The notes to the financial statements are an integral part of this statement.
Fiduciary Funds
Statement of Changes in Fiduciary Net Position
For the Fiscal Year Ended June 30, 2025
Custodial
Funds
Additions
Investment earnings
Interest on land sale loans $ 25,422
Net increase in fair value of investments 460,843
Property tax collections for other governments 549,037,623
Fines, forfeitures and penalties 1,618,302
Collections for services provided to other governments 145,806
Charges for services 3,089,408
Other 2,014
Total additions 554,379,418
Deductions
Payment of property taxes to other governments 547,958,424
Payment of services to other governments 835,097
Public safety 4,170,939
Total deductions 552,964,460
Change in Fiduciary net position 1,414,958
Net position - beginning of year 2,158,719
Net position - end of year $ 3,573,677
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 59
Notes to Financial
Statements
60 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
NOTES TO BASIC FINANCIAL STATEMENTS
June 30, 2025
Note 1 - Summary of Significant Accounting Policies 61
A. Reporting Entity 61
B. Government-wide and Fund Financial Statements 62
C. Measurement Focus, Basis of Accounting and Financial Statement Presentation 62
D. Budget Policy 64
E. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position/Fund Balance 65
Note 2 - Stewardship, Compliance, and Accountability 69
A. Budgetary Information 69
Note 3 - Detailed Notes on All Funds 69
A. Cash and Cash Equivalents 69
B. Investments 70
C. Receivables 73
D. Deferred Outflow of Resources 75
E. Capital Assets 76
F. Interfund Activity 78
G. Noncurrent Liabilities 79
H. Fund Balance Policies 85
I. Segment Information 86
Note 4 - Other Information 87
A. Risk Management 87
B. Contingent Liabilities and Commitments 87
C. Participation in Public Employees Retirement System 88
D. Other Post-Employment Benefits (OPEB) 95
E. Landfill Closure and Postclosure Care Costs 100
F. Public-Private Partnership 101
G. Tax Abatement 101
H. Fund Structure 103
I. Adoption of New Standards 105
J. Restatements of Beginning Balances 106
K. Subsequent Events 107
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 61
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Notes to Financial Statements
Note 1 - Summary of Significant Accounting Policies
A. Reporting Entity
Deschutes County is a municipal corporation governed by three Commissioners, elected at-large. The
accompanying financial statements present the activities of Deschutes County (the County), and its five
component units, entities for which the County is considered to be financially accountable and for which
a financial benefit or burden exists. Blended component units, although legally separate entities, are, in
substance, part of the County’s operations. The Board of County Commissioners is the governing body for
each component unit.
Following is a brief description of each blended component unit included within the reporting entity:
■Countywide Law Enforcement County District (District #1) – The district contracts with Deschutes County
for law enforcement services that are provided to all County residents.
■Rural Law Enforcement County District (District #2) – The district contracts with Deschutes County for patrol
services in those portions of Deschutes County not serviced by city or special district law enforcement
departments.
■Deschutes County 9-1-1 County Service District – The district operates the County 9-1-1 call center.
■Extension and 4-H County Service District – The district provides resources for support staff and a program
coordinator for Oregon State University Extension Service.
■Deschutes County Road Agency – The Agency contracts with Deschutes County to provide road construction
services in Deschutes County.
The component units described above have been included in these financial statements. Each component
unit’s individual audited financial statements are issued and are available in the Deschutes County Finance
Department.
There are other districts within the County that have not been included as component units of the County. The
Board of County Commissioners appoints the boards of special road districts and vector districts; however,
the County Commission does not exercise administrative or financial control and the County does not have a
financial benefit or burden due to these districts. These districts are autonomous Oregon municipal corporations
and are not considered component units of Deschutes County.
New Accounting Pronouncements
Governmental Accounting Standards Board (GASB) Statement No. 101, Compensated Absences (GASB 101) - The
objective of this Statement is to better meet the information needs of financial statement users by updating the
recognition and measurement guidance for compensated absences. That objective is achieved by aligning the
recognition and measurement guidance under a unified model and by amending certain previously required
disclosures. This Statement requires that liabilities for compensated absences be recognized for (1) leave
that has not been used, and (2) leave that has been used but not yet paid in cash or settled through noncash
means. A liability should be recognized for leave that has not been used if (a) the leave is attributable to services
already rendered, (b) the leave accumulates, and (c) the leave is more likely than not to be used for time off
or otherwise paid in cash or settled through noncash means. See Note 4I for more information related to the
implementation of GASB 101.
GASB Statement No. 102, Certain Risk Disclosures (GASB 102) - The objective of this Statement is to provide
users of government financial statements with essential information about risks related to a government’s
vulnerabilities due to certain concentrations or constraints. This Statement requires a government to assess
whether a concentration or constraint makes the primary government reporting unit or other reporting units
that report a liability for revenue debt vulnerable to the risk of a substantial impact. Additionally, this Statement
62 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 1 - Summary of Significant Accounting Policies (Continued)
requires a government to assess whether an event or events associated with a concentration or constraint
that could cause the substantial impact have occurred, have begun to occur, or are more likely than not to
begin to occur within 12 months of the date the financial statements are issued. There was no impact to the
current year financial statements with the implementation of GASB 102.
GASB has issued the following pronouncements that may affect future financial position, results of operations,
cash flows, or financial presentation of the County upon implementation. These pronouncements have not
yet been implemented by the County:
Note 1 - Summary of Significant Accounting Policies (Continued)
GASB
Statement No. GASB Accounting Standard
Fiscal Year
Effective
103 Financial Reporting Model Improvements 2026
104 Disclosure of Certain Capital Assets 2026
B. Government-wide and Fund Financial Statements
The government-wide financial statements, consisting of the Statement of Net Position and the Statement of
Activities, report information on all non-fiduciary activities of the County and its component units. The effect
of interfund activity has been removed from these statements, except where necessary to account for the
cost of a program. Governmental activities, which are supported primarily by taxes and intergovernmental
revenues, are reported separately from business-type activities, which rely to a significant extent on fees and
charges for support.
The Statement of Activities demonstrates the degree to which the direct expenses of a given function or segment
are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function
or segment. Indirect expenses, as charged by internal service funds, are included as part of the specific function
or segment expenses as shown on the Statement of Activities.
Program revenues include: 1) charges to customers or applicants who purchase, use, or directly benefit from
goods, services or privileges provided by a given function or segment, and 2) grants and contributions that are
restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and
other items not included among program revenues are reported instead as general revenues.
Separate financial statements are provided for governmental funds, proprietary funds and fiduciary funds.
Fiduciary funds are excluded from the government-wide financial statements. Major individual governmental
and enterprise funds are reported in separate columns in the fund financial statements.
C. Measurement Focus, Basis of Accounting and Financial Statement Presentation
The accounting and financial reporting treatment is determined by the applicable measurement focus and basis
of accounting. Measurement focus indicates the type of resources being measured such as current financial
resources or economic resources. The basis of accounting indicates the timing of transactions or events for
recognition in financial statements.
The government-wide and proprietary fund financial statements are reported using the economic resources
measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses
are recorded at the time the liabilities are incurred, regardless of when the related cash flows take place.
Property taxes are recognized in the year for which they are levied.
Non-exchange transactions, in which the County gives, or receives, value without directly receiving or giving
equal value in exchange, include property taxes, grants, entitlements and donations. Revenue from grants
and similar items are recognized in the fiscal year in which all eligibility requirements imposed by the provider
have been satisfied.
The governmental fund financial statements are reported using the current financial resources measurement
focus and the modified accrual basis of accounting. Revenues are recognized when both measurable and
available. Revenues are considered to be available when they are collectible within the fiscal year or soon enough
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 63
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 1 - Summary of Significant Accounting Policies (Continued)
after to pay liabilities of the current fiscal year. For this purpose, the County considers revenues to be available
if they are collected within 60 days of the end of the fiscal year. Expenditure-driven grants are recorded as
revenue when the qualifying expenditures have been incurred and all other grant requirements have been met.
Expenditures are generally recorded when a liability is incurred, as under accrual accounting. However, debt
service, compensated absences, certain post-employment benefits, and claims and judgments expenditures
are recorded at the time such payment is due. Capital asset transactions are reported as expenditures in
governmental funds. Proceeds of general long-term debt and financing from leases are reported as other
financing sources.
Property taxes, transient room taxes, licenses and interest associated with the current fiscal year are all
considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal year. Only
the portion of special assessments receivable, due within the current fiscal year, is considered to be susceptible
to accrual as revenue of the current fiscal year. All other revenue items are considered to be measurable and
available only when cash is received by the County.
Fiduciary funds, which are all custodial funds, utilize the accrual accounting method and the economic resources
measurement focus.
The accounts of the County are organized on a fund basis. A fund is an independent fiscal and accounting
entity with a self-balancing set of accounts recording assets, deferred outflows of resources, liabilities, deferred
inflows of resources, revenues and expenditures/expenses. Separate statements for each fund category,
governmental, proprietary, or fiduciary, are presented.
Major Funds
Governmental Funds – The County reports the following major governmental funds:
General Fund The financial resources of the general government are accounted for
in the General Fund, except those that are accounted for in another
fund. The General Fund’s primary revenue sources are property
taxes, Federal and State of Oregon payments and fees for services.
The major expenditure category is general government services.
Sheriff’s Office The revenues generated by Sheriff’s activities and payments received,
pursuant to intergovernmental agreements with the Countywide
Law Enforcement County District and Rural Law Enforcement
County District, are accounted for in the Deschutes County Sheriff’s
Fund. Activities of the Sheriff’s Office include corrections, patrol,
investigations, records, search and rescue activities, court security,
and administration.
Countywide Law Enforcement
County District (District #1)
Property taxes levied by the Countywide Law Enforcement County
District are accounted for in this fund. The expenditures are
limited to payments made to Deschutes County, pursuant to an
intergovernmental agreement, for countywide law enforcement
services.
Rural Law Enforcement County
District
(District #2)
Property taxes levied by the Rural Law Enforcement County
District are accounted for in this fund. The expenditures are
limited to payments made to Deschutes County, pursuant to an
intergovernmental agreement for patrol services in those portions
of Deschutes County not served by city or special service district law
enforcement departments.
64 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 1 - Summary of Significant Accounting Policies (Continued)
Road The financial resources, primarily Federal Forest Receipts, Federal
Payment in Lieu of Taxes and State Motor Vehicle revenue, of the
County’s Road Department are used for the building, repair and
maintenance of the County’s roads, bridges, culverts, street lighting
and drainage.
Road Capital Improvement Plan
(Road CIP)
The financial resources, primarily transfers from the Road fund, are
used for CIP projects on the County’s roads, bridges, culverts, street
lighting and drainage.
Health Services The financial resources, primarily fees for services and grants from
the State of Oregon and federal government, are used to provide
public and mental health services and counseling.
Campus Improvements The financial resources, primarily debt and grant revenues, are used
for CIP projects for campus improvements.
Enterprise Funds – The County operates two enterprise activities, both of which have been determined to be
major:
Solid Waste Accounts for the operations of the County’s landfill and transfer
station sites.
Fair and Expo Center/RV Park Accounts for the operations of the County’s Fair & Expo Center and
RV Park, including the annual county fair.
Additionally, the County reports the following fund types:
Internal service fund Accounts for the facilities, administrative, county commission, finance,
legal, personnel, information technology and insurance services
provided to other County departments on a cost reimbursement
basis.
Custodial fund Accounts for various activities including the accumulation and
distribution of property taxes, escrow for developers, funds prior to
adjudication, inter-governmental law enforcement activities, justice
court and various other collection and escrow activities.
Amounts reported as program revenues include: (1) charges to customers or applicants for goods, services or
privileges provided, (2) operating grants and contributions, and (3) capital grants and contributions. General
revenues include all taxes and investment earnings (losses).
Operating revenues and expenses are reported separately from non-operating items in the Proprietary Funds.
Operating revenues and expenses generally result from providing services in connection with a proprietary
fund’s principal ongoing operations. The principal operating revenues of Solid Waste and Fair and Expo Center/
RV Park are payments received from third parties for services. Operating expenses for the enterprise funds
and internal service funds include the cost of providing services, administrative expenses and depreciation
and amortization on capital assets. All revenues and expenses not meeting this definition are reported as
non-operating revenues and expenses.
D. Budget Policy
Budgets are prepared pursuant to Oregon Local Budget Law as adopted under Oregon Revised Statute Chapter
294. Any deviation between Oregon Local Budget Law and GAAP are treated as reconciling items on the budget
to actual schedules. The County adopts annual budgets for each of its funds, as required by State law. The
County does not prepare budgets for its fiduciary funds.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 65
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 1 - Summary of Significant Accounting Policies (Continued)
The resolution, authorizing appropriations for each fund, sets the level by which expenditures cannot lawfully
exceed appropriations. The levels of control established by the resolution are: program or organizational
unit, debt service, transfers out, special payments, contingency and reserve for future expenditure. The
County’s published budget contains more specific detailed information for the above-mentioned expenditure
categories. Unexpected additional resources may be appropriated through the use of a supplemental budget
and appropriation resolution.
Original and supplemental budgets may be modified by the use of appropriation transfers between the levels
of control. Such transfers require approval of the Board of County Commissioners. Appropriations lapse at
year-end.
E. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position/Fund Balance
1. Cash and Cash Equivalents
Cash and cash equivalents are considered to be cash on hand, demand deposits and short-term investments
with original maturities of three months or less from date of acquisition. The cash balances of all funds,
including the custodial funds, are pooled and invested by the County Treasurer for the purpose of increasing
earnings through investment activities. Investments are reported at fair value as of June 30, 2025, based on
market prices and include accrued interest. Earnings on the pooled monies are apportioned and credited
to each fund monthly, based on the average daily balances of each participating fund.
2. Receivables and Payables
All trade and property tax receivables are shown net of an allowance for uncollectible amounts. Notes
receivable reported in governmental funds include loans that are not expected, or scheduled, to be collected
in the subsequent year.
The County is responsible for the assessment, collection, and apportionment of property taxes for all
taxing jurisdictions within the County. Taxes are levied as of July 1 based on assessed values as of January
1. Property tax payments are due in three equal installments on November 15, February 15, and May 15.
A discount of 3% is available if taxes are paid in full by November 15, and a discount of 2% on the unpaid
balance is available if taxes are paid in full by February 15. Property taxes become a lien on the property
on July 1.
3. Lease Receivables
Lease receivables are recognized at the net present value of the lease payments expected to be received
at a borrowing rate either explicitly described in the agreement or implicitly determined by the County,
reduced by principal payments received.
4. Inventories
Inventories are valued at cost using the first in/first out (FIFO) method. For governmental funds, purchases
of inventory are recorded as expenditures when purchased. Inventories of governmental funds are reported
as an asset with a corresponding offset to nonspendable fund balance.
5. Prepaid Expenses
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as
expenditures in governmental funds and as prepaid items in the government-wide and proprietary fund
financial statements.
6. Capital Assets
Capital assets, which include property, plant, equipment, infrastructure (e.g., roads, bridges, sidewalks
and similar items) and intangible assets, are reported in the applicable governmental or business-type
activities columns in the government-wide statement of net position. Capital assets are those assets with
an initial individual cost of $5,000 or more and an estimated useful life in excess of one year. Such assets
are recorded at historical cost or estimated historical cost.
66 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 1 - Summary of Significant Accounting Policies (Continued)
The County reports infrastructure assets on a network and subsystem basis. The amounts spent for the
construction or acquisition of infrastructure assets are capitalized and reported in the government-wide
financial statements. General infrastructure assets (i.e., those reported by governmental activities) include all
such items acquired or constructed in fiscal years ending after June 30, 1980. Historical cost was estimated
by back trending (i.e., estimating the current replacement cost of the infrastructure to be capitalized and
using an appropriate price-level index to deflate the cost to the acquisition year).
The cost of repairs, maintenance and remodel that do not add to the value of the asset or materially extend
asset lives are not capitalized. As required by GASB 72, donated capital assets are recorded at acquisition
value at the date of donation.
Capital assets are depreciated using the straight-line method, using a half-year convention, over the
following estimated useful lives:
Note 1 - Summary of Significant Accounting Policies (Continued)
Assets Years
Buildings 30-60
Building improvements 10-15
Land improvements 10-30
Equipment and vehicles 2-20
Infrastructure 20-50
Intangibles 3-10
7. Lease Assets
Lease assets are assets which the County leases for a term of more than one year. The value of leases is
determined by the net present value of the leases at the County’s incremental borrowing rate at the time
of the lease agreement, amortized over the term of the agreement.
8. Subscription Assets
Subscription assets are subscription-based information technology arrangements with a term of more
than one year. The value of subscription assets is determined by the net present value of the subscription
at the County’s incremental borrowing rate at the time of the license agreement, amortized over the term
of the agreement.
9. Unearned Revenues
Unearned revenues will be recognized as revenue in the fiscal year earned in accordance with the accrual
basis of accounting. Revenue is considered earned when measurable and all eligibility criteria are met.
10. Deferred Outflows/ Inflows of Resources
The statement of net position includes separate sections for deferred outflows of resources and deferred
inflows of resources. The separate financial statement element, deferred outflows of resources, represents
a consumption of net assets that applies to future periods and will not be recognized as an outflow of
resources (expense/expenditure) until then. The separate financial statement element, deferred inflows of
resources, represents an acquisition of net assets that applies to future periods and will not be recognized
as an inflow of resources (revenue) until then.
Deferred inflows of resources are reported on the governmental funds balance sheets as a result of reporting
using the modified accrual method. The government funds report unavailable revenues from five sources:
property taxes, special assessments, services provided, contracts of sale, and leases. These amounts are
deferred and recognized as an inflow of resources in the period the amounts become available.
11. Compensated Absences
It is Deschutes County’s policy to permit employees to accumulate earned but unused vacation, time
management (a leave-with-pay program, including sick, vacation, and family emergency), compensatory
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 67
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 1 - Summary of Significant Accounting Policies (Continued)
time and sick leave. Upon separation with the County, non-represented employees receive one-half of any
sick leave earned. Employees who are members of the Public Works union receive one-half of any sick
leave upon separation, following at least five years of service. The oldest accumulated leave is the leave
used first. Vacation pay, amounts of accumulated sick leave that are more likely than not to be used by
employees or paid upon separation, and compensatory time in lieu of overtime pay, including payroll taxes,
are accrued. Liabilities, including payroll taxes, are also accrued for commencing parental leave, military
leave, bereavement leave, and jury duty.
12. Pension Plan
For purposes of measuring the net pension asset/liability and pension expense, information about the
fiduciary net position of the Oregon Public Employee Retirement System cost-sharing multiple-employer
defined benefit pension plan (benefit plan) and additions to/deductions from the benefit plan’s fiduciary
net position have been determined on the same basis as they are reported by the benefit plan. For this
purpose, benefit payments (including refunds of employee contributions) are recognized when due and
payable in accordance with the benefit terms. Investments are reported at fair value.
13. Other Post-Employment Benefits Other Than Pensions (OPEB) (Asset)/Liability
For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows
of resources related to OPEB and the OPEB expense information about the fiduciary net position of the
County’s Retiree Health Plan (the Plan) and additions to/deductions from the Plan’s fiduciary net position
have been determined on the same basis as they are reported by the Plan. For this purpose, the Plan
recognizes benefit payments when due and payable in accordance with the benefit terms.
14. Total OPEB (Asset)/Liability
The total OPEB asset or liability is reported as non-current asset or as non-current liability, as applicable,
in the proprietary statement of net position and in the government-wide statement of net position. The
asset or liability reflects the present value of expected future payments.
15. Long-Term Obligations
Long-term debt and other long-term obligations are reported as liabilities in the government-wide statement
of net position in the applicable governmental activities and business-type activities columns and in the
proprietary funds statement of net position. Bond premiums and bond discounts are amortized over the
life of the bonds using the straight-line method.
16. Leases and Subscriptions Payable
In the government-wide financial statements, leases and subscriptions payable are reported as liabilities
in the Statement of Net Position. In the governmental fund financial statements, the present value of lease
and subscription payments are reported as other financing sources.
17. Net Position
Net position represents the difference between assets plus deferred outflows of resources less liabilities
and deferred inflows of resources. The County reports the following subcategories of net position:
■Net investment in capital assets – represents the difference between capital assets less accumulated
depreciation and amortization, deferred outflows of resources, and the outstanding balance of debt
(excluding unexpended proceeds).
■Restricted net positions are reported as restricted when there are limitations imposed on their use either
through enabling legislation adopted by the County or through external restrictions imposed by creditors,
grantors, laws, or regulations of other governments. The following are major classes of restricted net
positions:
○Capital projects – Represents funds legally restricted by debt covenants for the acquisition, construction,
or improvement of specified capital assets.
68 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 1 - Summary of Significant Accounting Policies (Continued)
○Debt service – Represents funds legally restricted by Oregon statute for payment of principal and
interest on outstanding general obligation and limited tax bonds.
○Public safety – Represents funds generated through voter approved property taxes for countywide law
enforcement services, patrol services, and emergency call center operations.
○County Road – Represents funds generated by fuel tax and related revenues legally restricted by Oregon
statute for road and road related projects.
○Health and welfare – Represents funds generated by grant revenue restricted to approved activities.
○Landfill closure and postclosure liability – Represents the County’s environmental obligations derived
from the Knott landfill closure and post-closure maintenance cost estimates.
■Unrestricted represents all other net positions that are not restricted and do not meet the definition of
net investment in capital assets.
18. Fund Balance Reporting
The County reports its governmental fund balances in accordance with GASB 54, Fund Balance Reporting and
Governmental Fund Type Definitions. Under GASB 54, fund balances are required to be reported according
to the following classifications:
■Nonspendable fund balance – Includes amounts that cannot be spent because they are either not in
spendable form, or, for legal or contractual reasons, must be kept intact. This classification includes
inventories, prepaid amounts, assets held for sale and the General Fund’s long-term receivables.
■Restricted fund balance – Constraints placed on the use of these resources are either externally imposed
by creditors (such as through debt covenants), grantors, contributors or other governments; or are
imposed by law (through constitutional provisions or enabling legislation). This classification includes
the long-term receivables of the special revenue funds.
■Committed fund balance – Amounts that can be used only for specific purposes because of a resolution
approved by the County’s highest level of decision-making authority, the Board of County Commissioners.
Such constraint remains legally binding unless removed in the same manner.
■Assigned fund balance – Amounts that are constrained by the County’s intent to be used for specific
purposes, but that do not meet the criteria to be classified as restricted or committed. Intent is stipulated
by the Board of County Commissioners or the department head with budgetary responsibility for such
fund. This policy was established by the Financial Policies approved by the Board of County Commissioners
on December 15, 2014.
■Unassigned fund balance – The residual classification of the General Fund. Only the General Fund
reports a positive unassigned fund balance. A negative balance must be reported in this classification
for governmental funds, other than the General Fund, as the result of overspending for specific purposes
for which amounts had been restricted, committed or assigned.
The County reduces restricted amounts first, if any, when expenditures are incurred for purposes for which
restricted and unrestricted (committed, assigned, or unassigned) amounts are available. The County next
reduces committed amounts, followed by assigned amounts then unassigned amounts when expenditures
are incurred for purposes for which amounts in any of those restricted fund balance classifications could be
used. Sometimes the County will fund outlays for a particular purpose from both restricted (e.g., restricted
bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted
– net position and unrestricted – net position in the government-wide and proprietary fund financial
statements, a flow assumption must be made about the order in which the resources are considered
to be applied. It is the County’s policy to consider restricted–net position to have been depleted before
unrestricted–net position is applied.
19. Use of Estimates
The preparation of the financial statements in conformity with generally accepted accounting principles
requires management to make estimates and assumptions that affect the amounts reported in the financial
statements and accompanying notes. Actual results could differ from those estimates.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 69
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
!
Note 2 - Stewardship, Compliance, and Accountability
A. Budgetary Information
On an annual basis, County department personnel submit budgets to the Budget Officer for each fund for
which they are responsible. The Budget Officer is appointed by the Board of County Commissioners. Based on
the budgets submitted by County department personnel, the Budget Officer prepares the proposed budget,
by fund, department, program, category and line item.
The proposed budget includes information on the prior two years’ actual revenues and expenditures, the current
year budget and estimated resources and requested appropriations of such resources for the ensuing year.
The proposed budget is presented by the Budget Officer to the Budget Committee for approval. The Budget
Committee holds public meetings and may make changes to the proposed budget. The Budget Committee
submits the approved budget to the governing body of the County for adoption. The governing body announces
a public hearing, and after considering matters discussed, may make changes to the budget prior to its adoption.
Such changes cannot exceed 10% of the appropriations of the approved budget or a change in the amount of
the ad valorem taxes without re-publication of the budget and another public hearing.
After the budget is adopted, changes to appropriations are sometimes necessary. The governing body may
make additional appropriations to (1) expend new grant revenues received during the fiscal year, (2) adopt
a supplemental budget for occurrences or needs not foreseen at the time the budget was adopted, and (3)
approve appropriation transfers. It is, however, unlawful to overspend a category of appropriation.
In accordance with State statutes, appropriations are approved before the beginning of the fiscal year and
lapse at June 30 of the year of appropriation. Encumbrances are not reported in the financial statements.
Note 3 - Detailed Notes on All Funds
A. Cash and Cash Equivalents
Custodial Credit Risk
Custodial credit risk on deposits is the risk that in the event of a bank failure, the County’s deposits may not be
returned. State statutes require that all bank deposits in excess of the Federal Deposit Insurance Corporation
(FDIC) insurance amounts be collateralized through the Oregon State Treasurer’s Public Funds Collateralization
Program. This program provides a structure for specified depositories to participate in a shared liability collateral
pool.
Securities pledged by individual institutions may range from 10% to 110% of public fund deposits depending on
the financial institution’s level of capitalization as determined by its federal regulatory authority. The securities
pledged are designated as subject to the Pledge Agreement between the depository bank, custodian bank and
Office of the State Treasurer (OST) and are held for the benefit of OST on behalf of the public depositors. The
County’s funds were held by financial institutions that participated in the State Treasurer’s program and were
in compliance with statutory requirements.
70 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
At June 30, 2025, the County had the following bank balances:
Note 3 – Detailed Notes On All Funds (Continued)
Insured (FDIC) $ 251,744
Collateralized by securities held by the pledging
financial institution in the financial institution’s name 20,999,673
Total $ 21,251,417
The amounts above include the County’s investments in certificates of deposit and money market funds, which
are reported as investments on the Statement of Net Position.
B. Investments
As of June 30, 2025, the County had the following investments and maturities:
Investment Type Fair Value
Weighted
Average
Maturity (Days)
Federal agency securities $ 223,917,642 400
Corporate notes 10,843,416 210
Municipal bonds 22,647,441 338
Total fair value 257,408,499
Portfolio weighted average maturity 386
Accrued interest 1,884,961
Investments, at fair value; plus accrued interest $ 259,293,460
Credit Risk
Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligation. Oregon
Revised Statutes, Chapter 294, authorizes the County to invest in obligations of the United States Treasury and
United States Government agencies and instrumentalities, certain bankers’ acceptances, repurchase agreements,
certain high-grade commercial paper and corporate bonds and obligations of states and municipalities. The
County’s investment policy has been approved by the County Commissioners and specifies the County’s
investment objectives, required diversification, certain limitations and reporting requirements. The County’s
investments in certain types of securities are required to be rated by nationally recognized statistical rating
organizations.
Commercial paper and corporate bonds must be rated at least A1/P1/F1 or A2/A/A respectively by at least one
nationally recognized statistical rating organization. State and Municipal securities are required to be rated
at least Aa3/AA-/AA-.
As of June 30, 2025, the County’s investments in corporate bonds were rated Aa2 to Aaa and its state and
municipal securities were rated A1 to Aaa. United States Government agencies and instrumentalities that are
only implicitly guaranteed by the United States were rated AA1. Certain agency and treasury securities are
either principal or interest coupons stripped from otherwise rated securities.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 71
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
Custodial Credit Risk
Custodial credit risk on investments is the risk that, in the event of a failure of the counterparty, the County will
not be able to recover the value of its investments or collateral securities that are in possession of an outside
party. All of the County’s investments, except the State of Oregon local government investment pool, not
evidenced by securities, are held in safekeeping by the financial institutions’ trust department in the County’s
name.
Note 3 – Detailed Notes On All Funds (Continued)
Concentration of Credit Risk
Concentration of credit risk is the risk of loss attributed to the magnitude of a government’s investment in
a single issuer. The County’s investment policy provides that the maximum that may be invested in any one
issuer, as a percentage of total investments is:
■100% for US Treasury
■100% for US Government agencies
■33% in any single government sponsored enterprise
■$61,749,000 in the State of Oregon Investment Pool (the maximum imposed by state statute)
■50% in Certificates of Deposit
■25% for Bankers’ Acceptances
■25% for Commercial paper
■25% for Corporate notes, with 5% limit in any one corporation, subsidiaries or affiliates
■25% for State and Local Government Securities
On June 30, 2025, the County did not hold investments with any one issuer that exceeded these limits.
Foreign Currency Risk
The County’s investment policy prohibits investments that are not U.S. dollar-denominated; therefore, the
County is not exposed to this risk.
Local Government Investment Pool
The Local Government Investment Pool (LGIP) is included in the Oregon Short-Term Fund (OSTF), which was
established by the State Treasurer. OSTF is not subject to SEC regulation. OSTF is subject to requirements
established in Oregon Revised Statutes, investment policies adopted by the Oregon Investment Council,
and portfolio guidelines established by the OSTF Board. The Governor appoints the members of the Oregon
Investment Council and the OSTF Board. The LGIP is an open-ended, no-load diversified portfolio offered
to eligible participants who by law are made custodian of, or have control over, any public funds. The OSTF
(including LGIP) are not rated by the credit rating agencies; however, it does target a composite rating of AA
(S&P) for its holdings. At June 30, 2025, the fair value of the County’s position in the pool is the same as the value
of the pool shares, which approximates cost; and the composite credit rating of the OSTF’s holdings on June
30, 2025, was AA (S&P). The County’s participation in LGIP is voluntary. Weighted average maturity is 386 days.
72 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
Summary of Carrying Amounts
The carrying amounts of the County’s deposits and investments shown above are included in the following
financial statements at June 30, 2025, as follows:
Reconciliation of deposits and investments to the Statement of Net
Position and Statement of Net Position - Fiduciary Funds
Total Deposits $ 61,078,302
Total Investments, at fair value plus accrued interest 259,293,460
$ 320,371,762
Included in the following captions:
Statement of Net Position
Total Cash and Cash Equivalents $ 59,306,513
Total Investments, at fair value plus accrued interest 251,769,811
Total Statement of Net Position 311,076,324
Statement of Net Position - Fiduciary Funds
Total Cash and Equivalents 1,771,789
Total Investments, at fair value plus accrued interest 7,523,649
Total Fiduciary Funds 9,295,438
Total cash and cash equivalents and investments $ 320,371,762
GASB 72, Fair Value Measurement and Application, specifies a hierarchy of valuation classifications based
on whether the inputs to the valuation techniques used in each valuation classification are observable or
unobservable. These classifications are summarized in three broad levels listed below:
■Level 1 – Unadjusted quoted prices for identical instruments in active markets.
■Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or
liability either directly or indirectly, including quoted prices for similar assets or liabilities in markets
that are active, quoted prices for identical or similar assets or liabilities in markets that are not active,
inputs other than quoted prices that are observable for the assets or liabilities (such as exchange rates,
financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risk
and default rates).
■Level 3 – Valuations derived from valuation techniques in which significant inputs or significant valuation
drivers are unobservable.
Federal Agency Securities, Corporate Notes, Municipal Bonds, and Certificates of Deposit are categorized as
Level 2 based upon a matrix pricing technique that values securities based on their relationship to benchmark
quoted prices.
Total
Quoted Prices in
Active Markets
(Level 1)
Other
Observable
Inputs
(Level 2)
Unobservable
Inputs
(Level 3)
As of June 30, 2025
Federal Agency Securities $ 223,917,642 $ - $ 223,917,642 $ -
Corporate Notes 10,843,416 - 10,843,416 -
Municipal Bonds 22,647,441 - 22,647,441 -
Total investments $ 257,408,499 $ - $ 257,408,499 $ -
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 73
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
C. Receivables
Summary of Receivables
As of year-end, receivables for the major funds and the nonmajor funds and internal service fund, including
the applicable allowances for uncollectible accounts are aggregated as follows:
Property
Taxes
Receivable
Transient
Room Taxes
Receivable
Accounts
Receivable
Lease
Receivable
Notes, Contracts,
and Assessments
Receivable
Total
Receivables
General Fund $ 737,424 $ - 1,091,800 $ 426,165 $ 166,105 $ 2,421,494
Sheriff’s Office - - 335,639 - - 335,639
Countywide LED 689,707 - - - - 689,707
Rural LED 278,973 - - - - 278,973
Road - - 191,947 - 219,601 411,548
Health Services - - 12,577,247 - - 12,577,247
Solid Waste - - 1,473,312 - - 1,473,312
Fair & Expo - - 129,658 - - 129,658
Nonmajor Gov’t 217,980 1,741,574 2,632,741 308,719 11,535 4,912,549
Internal Service - - 2,555,603 136,001 - 2,691,604
Total $ 1,924,084 $ 1,741,574 $ 20,987,947 $ 870,885 $ 397,241 $ 25,921,731
As of June 30, 2025, $1,044,834, net of allowance for uncollectible amounts of $835,543, was due from unpaid
health-services billings provided in the Health Services major fund. Accounts receivable for outstanding traffic
fines and violations in the custodial fund have not been accrued and are considered uncollectible.
Notes, Contracts, and Assessments Receivable
The County holds promissory notes as a result of its lending and real estate sale activities. Loans are made to
not-for-profit entities and bear interest at rates from 0.0% to 7.0%. Sales of real property have been financed
by the County and these interest-bearing notes are amortized over periods ranging from ten to twenty years.
Interest rates are fixed at the time of the initial transaction at the prevailing rates. As of June 30, 2025:
■$10,170 was due from contracts from sales of real property
■$53,283 was due from economic development loans, net of allowance for uncollectible amounts of $51,500
■$245,574 was due from lending activities
Assessments are due from property owners as part of a local improvement district. Each contract calls for
semi-annual payments which amortizes the loan over 10 years. Prepayment, without penalty, is allowed.
Payment is normally made in full in the event of sale of property or re-financing of the property. As of June 30,
2025, $88,214 was due from local improvement district assessments.
Lease Receivables
During the year ended June 30, 2025, the County had eight lease receivables in which it is acting as lessor.
Under GASB 87, Leases, an implicit interest rate is calculated for each individual lease using the internal rate
of return method. The present value of the leases are aggregated on a fund basis. All funds record lessee
receivables on the fund level Statement of Net Position (Balance Sheet for the governmental funds) and are
rolled into the government-wide Statement of Net Position.
74 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
Original
Amount June 30, 2024 Increases Decreases June 30, 2025
Governmental Activities:
Building lease; interest at 1.451%, principal
and interest of 6,763 monthly, due 2029 $ 611,284 $ 383,194 $ - $ (80,801) $ 302,393
Building lease; interest at 0.893%, principal
and interest of 14,306 monthly, due 2026 800,258 279,934 - (185,434) 94,500
Building lease; interest at 0.893%, principal
and interest of 57,244 monthly, due 2025,
extended through August 2025 2,793,042 731,313 122,444 (731,313) 122,444
Land lease; interest at 0.514%, principal and
interest of 432 monthly, due 2025,
extended through August 2025 10,476 5,329 889 (5,329) 889
Building lease; interest at 2.312%, principal
and interest of 2,356 monthly, due 2029 152,536 138,720 - (27,976) 110,744
Building lease; interest at 3.432%, principal
and interest of 175 monthly, due 2038 32,768 30,666 - (1,133) 29,533
Building lease; interest at 2.786%, principal
and interest of 4,380 annually, due 2027 17,833 13,453 - (4,181) 9,272
Building lease; interest at 2.786%, principal
and interest of 7,820 monthly, due 2027 377,033 291,727 - (90,617) 201,110
$ 4,795,230 $ 1,874,336 $ 123,333 $ (1,126,784) $ 870,885
Future maturities are as follows:
Governmental Activities
Fiscal Year Principal Interest
2026 $ 433,080 $ 12,011
2027 225,414 6,859
2028 119,732 3,134
2029 69,003 1,228
2030 1,848 812
2031- 2035 11,994 2,986
2036 - 2038 9,814 690
Total $ 870,885 $ 27,720
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 75
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
D. Deferred Outflow of Resources
Deferred outflows, Debt refunding – The difference between the carrying value of refunded debt and its
reacquisition price was deferred and is amortized on the straight-line basis over the period benefited.
Deferred outflows, Net pension liability – Defined Benefit Pension and OPEB plans contributions made to
OPERS during the year ended June 30, 2025, and other items related to the County defined benefit pension
plans that have been classified as a deferred outflow of resources.
Deferred outflows, OPEB RHIA asset and County Plan liability – The contributions made to OPERS for its other
post-employment RHIA component during the year ended June 30, 2025, and other items related to the County
OPEB RHIA plan that have been classified as a deferred outflow of resources.
Deferred Outflows of Resources
Governmental
Activities
Business-Type
Activities Total
Deferred outflows - Refunding:
County buildings (FF&C 2019 and FF&C 2021 ) $ 503,269 $ 127,779 $ 631,048
Total deferred outflows - refunding 503,269 127,779 631,048
Deferred outflows - Defined Benefit Pension Plan:
Contributions subsequent to the measurement date 19,797,018 726,525 20,523,543
Differences between expected and actual experience 9,194,571 337,423 9,531,994
Changes in proportionate share 8,710,820 319,670 9,030,490
Net difference between projected and actual earnings on
investments 9,859,976 361,843 10,221,819
Changes of assumptions 15,604,549 572,657 16,177,206
Differences between employer contribution and employer’s
proportionate share of system contributions 1,367,740 50,193 1,417,933
Total deferred outflows - pension 64,534,674 2,368,311 66,902,985
Deferred outflows - OPEB County Plan:
Differences between expected and actual experience 10,763,026 394,983 11,158,009
Changes of assumption or other inputs 2,406,072 88,298 2,494,370
Total deferred outflows - OPEB County Plan 13,169,098 483,281 13,652,379
Deferred outflows - OPEB RHIA:
Contributions subsequent to the measurement date 545 20 565
Net difference between projected and actual earnings on
investments 74,625 2,739 77,364
Total deferred outflows - OPEB RHIA 75,170 2,759 77,929
Total deferred outflows of resources $ 78,282,211 $ 2,982,130 $ 81,264,341
76 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
E. Capital Assets
Capital asset activity for the year ended June 30, 2025, was as follows:
June 30, 2024 Increases Decreases Transfers June 30, 2025
Governmental Activities:
Capital assets, not being depreciated or amortized:
Land $ 14,042,548 $ - $ - $ - $ 14,042,548
Construction in progress 23,992,786 32,324,041 - (18,706,264) 37,610,563
Total capital assets, not being depreciated or
amortized 38,035,334 32,324,041 - (18,706,264) 51,653,111
Capital assets, being depreciated or amortized:
Right-to-use lease land 235,937 - - - 235,937
Buildings and improvements 117,162,451 417,142 - 2,915,899 120,495,492
Lease buildings 5,579,174 24,283 (14,373) - 5,589,084
Land improvements 5,826,770 14,530 - - 5,841,300
Equipment 35,774,773 2,040,511 (1,817,654) 2,952,433 38,950,063
Lease equipment 588,845 193,891 (159,222) - 623,514
Vehicles 18,864,980 1,676,066 (1,645,759) - 18,895,287
Lease vehicles 1,177,080 - (62,055) - 1,115,025
Infrastructure 166,954,571 - - 12,825,597 179,780,168
Lease infrastructure 1,685,136 367,841 - - 2,052,977
Intangible assets 6,152,060 - (279,513) - 5,872,547
Subscription assets 2,484,249 524,403 (160,043) - 2,848,609
Total capital assets, being depreciated or amortized 362,486,026 5,258,667 (4,138,619) 18,693,929 382,300,003
Accumulated depreciation and amortization:
Right-to-use lease land (19,543) (9,507) - - (29,050)
Buildings and improvements (46,284,169) (2,917,721) - - (49,201,890)
Lease buildings (785,615) (482,293) 14,373 - (1,253,535)
Land improvements (4,160,309) (185,505) - - (4,345,814)
Equipment (22,678,245) (2,738,027) 1,775,740 12,335 (23,628,197)
Lease equipment (266,477) (148,956) 159,222 - (256,211)
Vehicles (10,672,912) (1,684,965) 1,540,392 - (10,817,485)
Lease vehicles (226,681) (266,676) 38,009 - (455,348)
Infrastructure (92,900,889) (6,761,316) - - (99,662,205)
Lease infrastructure (301,069) (128,978) - - (430,047)
Intangible assets (5,251,899) (346,493) 279,513 - (5,318,879)
Subscription assets (631,042) (587,373) 106,404 - (1,112,011)
Total accumulated depreciation and amortization (184,178,850) (16,257,810) 3,913,653 12,335 (196,510,672)
Total capital assets, being depreciated and
amortized, net 178,307,176 (10,999,143) (224,966) 18,706,264 185,789,331
Governmental activities capital assets, net $ 216,342,510 $ 21,324,898 $ (224,966) $ - $ 237,442,442
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 77
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
June 30, 2024 Increases Decreases Transfers June 30, 2025
Business-type activities:
Capital assets, not being depreciated or amortized:
Land $ 1,924,037 $ - $ - $ - $ 1,924,037
Construction in progress 20,691,477 476,202 - (20,370,430) 797,249
Total capital assets, not being depreciated or
amortized 22,615,514 476,202 - (20,370,430) 2,721,286
Capital assets, being depreciated or amortized:
Buildings and improvements 32,988,727 30,025 - 20,197,744 53,216,496
Land improvements 49,010,532 190,652 - - 49,201,184
Equipment 10,096,377 575,754 (185,741) 172,686 10,659,076
Leased equipment 16,694 12,224 (10,712) - 18,206
Vehicles 745,935 59,888 (22,597) - 783,226
Infrastructure 6,223,456 - - - 6,223,456
Intangible assets 123,595 - - - 123,595
Total capital assets, being depreciated or amortized 99,205,316 868,543 (219,050) 20,370,430 120,225,239
Less accumulated depreciation for:
Buildings and improvements (15,243,041) (1,892,398) - (1,177) (17,136,616)
Land improvements (33,925,191) (974,452) - 1,089 (34,898,554)
Equipment (6,674,059) (612,040) 169,301 88 (7,116,710)
Leased equipment (11,935) (4,147) 10,712 - (5,370)
Vehicles (419,602) (57,194) 22,597 - (454,199)
Infrastructure (311,173) (622,346) - - (933,519)
Intangible assets (113,700) (3,958) - - (117,658)
Total accumulated depreciation and amortized (56,698,701) (4,166,535) 202,610 - (60,662,626)
Total capital assets, being depreciated and
amortized, net 42,506,615 (3,297,992) (16,440) 20,370,430 59,562,613
Business-type activities capital assets, net $ 65,122,129 $ (2,821,790) $ (16,440) $ - $ 62,283,899
78 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
Depreciation and amortization expense was charged to functions/programs of the primary government as
follows:
Governmental activities:
General government $ 2,155,723
Public safety 4,651,647
County roads 7,936,367
Health and welfare 1,111,197
15,854,934
Capital assets held by the government’s internal service funds are
charged to the various functions based on their usage of the assets 402,876
Total depreciation and amortization expense - governmental
activities $ 16,257,810
Business-type activities:
Solid Waste $ 3,325,795
Fair and Expo Center/RV Park 840,740
Total depreciation and amortization expense - business-type
activities $ 4,166,535
F. Interfund Activity
Interfund activity for the year ended June 30, 2025, was as follows:
Transfers In
General
Fund
Sheriff’s
Office Road CIP
Health
Services
Campus
Improvement
Nonmajor
Gov’t
Internal
Service
Fund
Fair and
Expo
Center/RV
Park Total
Transfers Out
General Fund $ - $ - $ - $ 6,946,116 $ 577,083 $ 2,771,214 $ 177,849 $ - $ 10,472,262
Sheriff’s Office 29,668 - - 30,000 - 257,347 - - 317,015
Road - - 8,631,333 - - - - - 8,631,333
Health Services 1,165,061 - - - 105,309 - 352,445 - 1,622,815
Solid Waste - - - - - - 14,141 - 14,141
Fair and Expo
Center/RV Park - - - - - - 10,777 - 10,777
Nonmajor Gov’t 5,210,815 3,751,787 384,428 526,572 4,856,307 1,954,299 83,967 1,897,557 18,665,732
Total $ 6,405,544 $ 3,751,787 $ 9,015,761 $ 7,502,688 $ 5,538,699 $ 4,982,860 $ 639,179 $ 1,897,557 $ 39,734,075
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 79
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
Interfund transfers are utilized for the following purposes:
■Certain special revenue funds and the internal service fund require additional resources from the General
Fund to fund operations.
■The non-major debt service fund requires transfers from operating funds to meet annual debt service
requirements.
■Resources are transferred from some operating funds to the vehicle replacement function within the
internal service fund.
■Fair and Expo/RV Park requires additional resources from a special revenue fund to meet its debt service
requirements.
■Resources are transferred to reserve funds and capital project funds when sufficient resources are
available.
G. Noncurrent Liabilities
The County has issued Full Faith & Credit Bonds, Limited Tax Bonds and Notes Payable, for both governmental
and business-type activities, to provide funds for the acquisition and construction of major capital facilities,
to acquire personal property, and to fund the pension liability. The current legal debt limit for the year ended
June 30, 2025, is $1,659,115,000 for general obligation bonds, and $829,557,000 for full faith and credit bonds.
Additional information on debt limitations can be found in the Debt Capacity portion of the Statistical Section.
The County’s June 30, 2025, balance on direct borrowings related to business-type activities is $1,292,900. The
direct borrowings are secured by the full faith and credit and taxing power of the County. Whereas the lender
may exercise any remedy in the event of default, the financing agreement is not subject to acceleration. The
County has no other direct borrowing arrangements, including no lines of credit.
Full Faith & Credit Obligation and Limited Tax bonds are direct obligations and pledge the full faith and credit
of the County. These are serial bonds with original terms ranging from 20 years to 30 years with increasing
amounts of principal maturing each year.
Full Faith & Credit Obligation, Limited Tax bonds and Notes Payable currently outstanding are as follows:
Purpose Interest Rates
Balance at
June 30, 2025
Governmental activities:
Bonds 2.00% - 6.85% $ 38,321,169
Premiums (discounts) 2,730,667
41,051,836
Business-Type activities:
Bonds 1.68% - 4.00% 19,478,831
Notes payable 1.68% - 2.49% 1,292,900
Premiums (discounts) 2,729,531
23,501,262
Bonds and notes payable (net of premiums and discounts) $ 64,553,098
80 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
Debt Service Requirements
Debt service requirements on the County bonds and notes as of June 30, 2025, are as follows:
Governmental Activities
Bonds
Principal Interest
Fiscal Year
2026 $ 4,180,414 $ 1,646,361
2027 4,447,240 1,454,112
2028 3,754,066 1,246,386
2029 2,104,834 1,085,147
2030 2,174,545 1,019,250
2031-2035 9,590,070 4,039,538
2036-2040 6,750,000 2,300,750
2041-2045 5,320,000 681,250
Total $ 38,321,169 $ 13,472,794
Business-Type Activities
Bonds Notes from Direct Borrowings
Principal Interest Principal Interest
Fiscal Year
2026 $ 889,586 $ 886,176 $ 642,700 $ 21,839
2027 927,760 851,891 650,200 10,784
2028 960,934 815,811 - -
2029 1,000,166 778,179 - -
2030 1,040,455 738,730 - -
2031-2035 5,214,930 3,044,553 - -
2036-2040 5,465,000 1,841,000 - -
2041-2045 3,980,000 404,250 - -
Total $ 19,478,831 $ 9,360,590 $ 1,292,900 $ 32,623
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 81
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
Changes in Non-Current Liabilities
Changes in non-current liabilities, other than those for Other Post-Employment Benefits and Net Pension
Liability, for the year ended June 30, 2025, are as follows:
As Restated
June 30, 2024 Increases Decreases June 30, 2025
Due Within
One Year
Governmental activities:
Accrued claims payable
Internal service fund $ 8,330,436 $ 30,277,998 $ (30,246,478) $ 8,361,956 $ 5,361,242
Lease payable
Governmental funds 7,697,069 570,228 (871,385) 7,395,912 856,355
Internal service fund 24,823 15,789 (12,107) 28,505 9,713
Subscription liabilities
Governmental funds 1,068,235 449,521 (452,169) 1,065,587 389,670
Internal service fund 164,471 66,882 (104,620) 126,733 106,613
Pension obligation bonds 4,660,000 - (700,000) 3,960,000 1,465,000
Full faith & credit obligations 36,976,873 - (2,615,704) 34,361,169 2,715,414
Unamortized premium (discount) 2,970,043 - (239,376) 2,730,667 239,376
Notes payable 232,646 - (232,646) - -
Compensated absences, net
Governmental funds 14,950,870 - (129,154) 14,821,716 13,635,977
Internal service fund 1,584,444 75,828 - 1,660,272 1,527,450
$ 78,659,910 $ 31,456,246 $ (35,603,639) $ 74,512,517 $ 26,306,810
Business-type activities:
Lease payable $ 4,853 $ 12,224 $ (4,200) $ 12,877 $ 4,098
Full faith & credit obligations 20,338,127 - (859,296) 19,478,831 889,586
Unamortized premium (discount) 2,899,066 - (169,535) 2,729,531 169,535
Notes payable 2,107,154 - (814,254) 1,292,900 642,700
Compensated absences, net 587,451 19,207 - 606,658 558,125
Landfill closure and postclosure 17,719,325 751,111 - 18,470,436 -
$ 43,655,976 $ 782,542 $ (1,847,285) $ 42,591,233 $ 2,264,044
Leases Payable
The County is committed under various leases for buildings, equipment, infrastructure (9-1-1 radio towers) and
land. As of June 30, 2025, the County has 74 financing leases in which it is acting as the Lessee. Under GASB 87,
an implicit rate is calculated for each individual lease using the internal rate of return method. That method
measures cash flow, beginning fair value, and projected ending fair value of the underlying asset. The present
value of leases is aggregated on a fund basis. For governmental funds, lessee leases are only presented in the
Government-Wide Statement of Net Position. For proprietary funds, lessee leases are presented in the Proprietary
Funds Statement of Net Position and in the Government-Wide Statement of Net Position.
82 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
The total expended for such leases for the fiscal year ended June 30, 2025, was approximately $1,119,000. The
future minimum lease payments for these leases are as follows:
Governmental Activities
Principal
Payments
Interest
Payments
Total
Payments
Fiscal Year
2026 $ 866,068 $ 220,886 $ 1,086,954
2027 873,270 200,457 1,073,727
2028 761,842 179,784 941,626
2029 559,484 161,508 720,992
2030 413,398 148,553 561,951
2031-2035 1,951,471 544,638 2,496,109
2036-2040 1,560,171 191,235 1,751,406
2041-2045 314,558 47,126 361,684
2046-2050 124,155 5,109 129,264
$ 7,424,417 $ 1,699,296 $ 9,123,713
Business-Type Activities
Principal
Payments
Interest
Payments
Total
Payments
Fiscal Year
2026 $ 4,098 $ 304 $ 4,402
2027 3,019 209 3,228
2028 3,105 123 3,228
2029 2,655 34 2,689
$ 12,877 $ 670 $ 13,547
Subscription Liabilities
The County has Subscription-Based Information Technology Arrangements (SBITAs) with the noncancellable
right to use software provided by vendors. As of June 30, 2025, the County has 16 agreements in which these
right-to-use assets are reported. Under GASB 96, Subscription-Based Information Technology Arrangements, an
implicit rate is calculated for each individual arrangement using the internal rate of return method. That method
measures cash flow, beginning fair value, and projected ending fair value of the underlying asset. The present
value of these SBITAs is aggregated on a fund basis. For governmental funds, SBITAs are only presented in
the Government-Wide Statement of Net Position. For proprietary funds, SBITAs are presented in the Proprietary
Funds Statement of Net Position and in the Government-Wide Statement of Net Position.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 83
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
The total expended for these software arrangements for the fiscal year ended June 30, 2025, was approximately
$506,000. The future minimum payments for these SBITDAs are as follows:
Governmental Activities
Principal
Payments
Interest
Payments Total Payments
Fiscal Year
2026 $ 496,283 $ 35,473 $ 531,756
2027 281,018 22,643 303,661
2028 213,542 13,524 227,066
2029 201,477 6,600 208,077
$ 1,192,320 $ 78,240 $ 1,270,560
Hospital Facility Authority of Deschutes County Conduit Financing
On December 26, 1988, the County created the Hospital Facility Authority of Deschutes County, Oregon (the
Authority). The Authority issues hospital revenue bonds for construction and improvements to health facilities
in Deschutes County. The proceeds of these bonds were used by health care facilities to finance various capital
projects and refund outstanding bonds.
The debt has not been recognized as a liability of the County or the Authority because the bonds are secured
solely by the provisions of the bond indenture and payments are made by the health care facilities. The obligors
have pledged the gross receivables of St. Charles Health System, Inc. The bonds shall not be payable from a
charge upon any fund or asset, nor shall the County or the Authority be subject to any liability. No holder or
holders of the bonds shall ever have the right to exercise the taxing power of the County to pay the bonds or
the interest, nor to enforce payment against any property of the County.
Upon completion of the project, the assets constructed or purchased are owned by the respective health care
facility. Since neither the County nor the Authority own any assets or assume any liabilities associated with
the repayment, there is no balance sheet disclosure or recognition of revenues within the County’s financial
statements.
A summary of the Authorities conduit debt is as follows:
Obligor Debt Issue June 30, 2025
St. Charles Health System, Inc. The Authority Hospital Revenue Bonds Series 2016A $ 91,115,000
St. Charles Health System, Inc. The Authority Hospital Revenue Bonds Series 2020A 48,125,000
St. Charles Health System, Inc. The Authority Hospital Revenue Bonds Series 2020B 50,000,000
St. Charles Health System, Inc. The Authority Hospital Revenue Bonds Series 2022A 37,630,000
St. Charles Health System, Inc. The Authority Hospital Revenue Bonds Series 2022B 37,630,000
$ 264,500,000
84 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
On the Statement of Net Position, an acquisition of net assets applicable to a future reporting period, is reported
as deferred inflows of resources. At the end of the current fiscal year, these balances related to the County’s
defined benefit pension, OPEB plans, and leases:
Deferred Inflows of Resources
Governmental
Activities
Business-Type
Activities Total
Deferred inflows - Pension Plan:
Differences between expected and actual experience $ 370,428 $ 13,594 $ 384,022
Changes in assumptions 19,991 734 20,725
Changes in proportionate share 4,993,106 183,238 5,176,344
Differences between employer contributions
and employer’s proportionate share of system
contributions 7,441,976 273,106 7,715,082
Total deferred inflows - Pension Plan 12,825,501 470,672 13,296,173
Deferred inflows - OPEB County Plan:
Differences between expected and actual experience 8,311,081 305,000 8,616,081
Changes of assumption or other inputs 5,855,570 214,888 6,070,458
Total deferred inflows - OPEB County Plan 14,166,651 519,888 14,686,539
Deferred inflows - OPEB RHIA:
Differences between expected and actual experience 51,693 1,897 53,590
Changes of assumptions or other inputs 33,431 1,227 34,658
Changes in proportionate share 253,958 9,320 263,278
Total deferred inflows - OPEB RHIA 339,082 12,444 351,526
Deferred Inflows - Lease resources 827,846 - 827,846
Total deferred inflows of resources $ 28,159,080 $ 1,003,004 $ 29,162,084
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 85
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
H. Fund Balance Policies
Fund balance of governmental funds is reported in various categories based on the nature of any limitations
requiring the use of resources for specific purposes. The County itself can establish limitations on the use of
resources through either a commitment (committed fund balance) or an assignment (assigned fund balance).
Major Special Revenue Funds
Major Capital Projects
Funds
General
Fund
Countywide
Law
Enforcement
District
Rural Law
Enforcement
District Road
Health
Services Road CIP
Campus
Improvement Other Funds Total
Fund Balances:
Nonspendable:
Long-term notes
receivable $ 46,213 $ - $ - $ - $ - $ - $ - $ - $ 46,213
Inventory - 496,976 205,364 2,639,742 - - - - 3,342,082
Total
Nonspendable 46,213 496,976 205,364 2,639,742 - - - - 3,388,295
Restricted to:
Public safety - 16,022,433 6,618,975 - - - - 16,931,324 39,572,732
Economic
development - - - - - - - 4,267,601 4,267,601
Health services - - - - 43,477,289 - - - 43,477,289
Social services - - - - - - - 3,443,292 3,443,292
General government - - - - - - - 13,219,615 13,219,615
Law library - - - - - - - 131,504 131,504
Park development
and rangeland - - - - - - - 3,193,519 3,193,519
Technology
improvements - - - - - - - 252,775 252,775
Road improvement/
maintenance - - - 11,162,133 - 17,837,881 - 4,312,050 33,312,064
Expansion of facilities - - - - - - 16,957,356 - 16,957,356
Total Restricted - 16,022,433 6,618,975 11,162,133 43,477,289 17,837,881 16,957,356 45,751,680 157,827,747
Committed to:
Economic stabilization - - - - - - - 5,003,218 5,003,218
Economic
development 369,888 - - - - - - - 369,888
County reserves 12,647,358 - - - - - - 2,501 12,649,859
Health services - - - - - - - 109,192 109,192
Debt service - - - - - - - 9,583 9,583
Communication
systems - - - - - - - 901,393 901,393
Expansion of facilities - - - - - - 7,350,995 - 7,350,995
Total Committed 13,017,246 - - - - - 7,350,995 6,025,887 26,394,128
Assigned to:
Public safety 2,774,191 - - - - - - - 2,774,191
General government 8,735,285 - - - - - - - 8,735,285
Total Assigned 11,509,476 - - - - - - - 11,509,476
Unassigned: 22,692,346 - - - - - - - 22,692,346
Total Fund Balance $ 47,265,281 $ 16,519,409 $ 6,824,339 $ 13,801,875 $ 43,477,289 $ 17,837,881 $ 24,308,351 $ 51,777,567 $ 221,811,992
The committed fund balance classification includes amounts that can be used only for the specific purposes
determined by a formal action of the County’s highest level of decision-making authority. The Board of County
Commissioners is the highest level of decision-making authority for Deschutes County which can, by adoption
of a resolution prior to the end of the fiscal year, commit a fund balance. Once adopted, the limitation imposed
86 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 3 – Detailed Notes On All Funds (Continued)
by the resolution remains in place until a similar action is taken (the adoption of another resolution) or to
remove or revise the limitation.
Countywide Law Enforcement County District (District #1), Rural Law Enforcement County District (District #2)
and Deschutes County 9-1-1 Service District are each special revenue funds funded through voter approved
property taxes for their specific purposes. Fund balances, restricted in District #1 and District #2, are not
restricted for specific purposes but rather exist for liquidity purposes due to the seasonal nature of property tax
collections. Fund balances of Deschutes County 9-1-1 are restricted to provide liquidity. Campus Improvements
fund balance is restricted to provide funding for the campus improvement plan over the next five years. Health
Services fund balance is restricted to meet the growing population of eligible clients expected in fiscal year
2026 and beyond.
Amounts in the assigned fund balance classification are intended to be used by the County for specific purposes
but do not meet the criteria to be classified as committed. The Board of County Commissioners has, by resolution,
assigned fund balance as it does when appropriating fund balance for the difference between estimated
revenues and appropriations in the subsequent year’s adopted budget. Unlike commitments, assignments
generally exist only temporarily. Additional action does not have to be taken to remove an assignment.
Fund balances, as listed in aggregate in the Statement of Revenues, Expenditures and Changes in Fund Balance,
are constrained to the balance classification and activities of the funds. Constraints are at the level of which
the fund was originally established.
The County has activity between funds for various purposes. Any balances outstanding at year end are reported
as due to/from other funds. While these balances are reported in fund financial statements, certain eliminations
are made in the preparation of the government-wide financial statements. Balances between the funds included
in the governmental activities, the governmental and internal service funds, are eliminated so that only the
net amount is included as internal balances in the governmental activities column on the Statement of Net
Position. Similarly, balances between the funds included in the business-type activities, the enterprise funds,
are eliminated so that only the net amount is included as internal balances in the business-type activities
column on the Statement of Net Position.
Certain activity occurs during the year involving transfers of resources between funds. In fund financial
statements these amounts are reported at gross amounts as Transfers In/Out. While reported in fund financial
statements, certain eliminations are made in the preparation of the government-wide Statement of Activities.
Transfers between the funds included in governmental activities are eliminated so that only the net amount is
included as transfers in the governmental activities column. Transfer between funds in business-type activities
are eliminated so that only the net amount is included as transfers in the business-type activities column.
I. Segment Information
The County has two enterprise activities:
■The Solid Waste fund is used to account for the operations of the County’s landfill at Knott Road and
27th Street in Bend, and four rural transfer and recycle stations located throughout the County. The
accumulation of resources that will be required for the closure and post-closure costs associated with
the sanitary landfill are also accounted for in the Solid Waste Fund.
■The Fair and Expo Center/RV Park fund is used to account for operations of the County’s Fair and Expo
Center, RV Park, and annual county fair all located in Redmond, Oregon.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 87
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 4 - Other Information
A. Risk Management
The County is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors
and omissions; injuries to employees; and natural disasters. The County purchases commercial insurance for
property coverage, fidelity bonding, excess workers’ compensation claims, excess general liability claims and stop
loss on its medical/dental risks. It self-insures against losses for general liability (for claims up to $1 million), workers’
compensation, medical and dental benefits, unemployment benefits and other risks.
All operations of the County participate in the County’s self-insurance program, with the exception of Deschutes
County 9-1-1 Service District. That District is only covered under the medical/dental plan and unemployment
insurance. Settled claims have not exceeded insurance coverage in any of the past three fiscal years.
The County estimates liabilities for incurred losses on both reported and unreported claims for general and vehicle/
fleet liability, workers’ compensation, and employee medical coverage. Workers’ compensation, general and vehicle/
fleet liability estimates are based primarily on individual case estimates for reported claims and through historical
data for unreported claims as determined by the County’s Risk Management department. Liabilities are based
on estimated total cost of settling claims. Liabilities include an amount for claims that have been incurred but not
reported (IBNR). The result of the process to estimate the claims is not an exact amount and accordingly claims are
reevaluated periodically to consider the effects of inflation, recent claims settlement trends and other economic
and social factors.
Payments, from the funds whose activities are covered, are made to the departments, based on the estimated
need to pay prior and current claims and to accumulate resources for future losses. The Internal Service Fund,
which accounts for all insurance programs, is reporting a net position of $10,912,722 and represents 36% of the
FY 2025 claims expenses.
Changes in the claim liabilities are as follows:
!
Insurance
Department
Health
Benefits
Department Total
Claims payable, June 30, 2023 $ 6,334,918 $ 1,628,618 $ 7,963,536
FY 2024 claims expense 2,706,038 25,102,245 27,808,283
FY 2024 claims paid (2,288,520) (25,152,863) (27,441,383)
Claims payable, June 30, 2024 6,752,436 1,578,000 8,330,436
FY 2025 claims expense 2,046,190 28,231,808 30,277,998
FY 2025 claims paid (2,797,197) (27,449,281) (30,246,478)
Claims payable, June 30, 2025 $ 6,001,429 $ 2,360,527 $ 8,361,956
B. Contingent Liabilities and Commitments
The County is contingently liable with respect to lawsuits and other claims incidental to the ordinary course of
its operations. Claims covered by the County’s self-insurance are reviewed and losses are accrued based on the
judgment of County management. According to County management, based on advice of legal counsel with respect
to such litigation and claims, ultimate disposition of these matters will not have a material adverse effect on the
financial position or results of County operations.
Additional contingent liabilities may exist in relation to operational services provided by the Health Services
Department. The Department is subject to numerous laws and regulations of federal, state, and local governments
88 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 4 – Other Information (Continued)
surrounding its clinical billing practices (i.e., Medicare, Medicaid, prospective payments, etc.). As it stands, the County
is unable to determine if its billing practices will be reviewed for compliance and if any liability may result from such
a review. The County’s current practice is to adjust revenue in the year of settlement for any claims of this type.
As of June 30, 2025, the County had no material commitments outstanding.
C. Participation in Public Employees Retirement System
Plan Description
Employees of the County are provided with pensions through OPERS, which is a cost-sharing, multiple-employer
defined benefit plan. All the benefits of OPERS are established by the Oregon legislature pursuant to Oregon Revised
Statute (ORS) Chapters 238 and 238A. The ORS Chapter 238 Defined Benefit Pension Plan, known as Tier 1/Tier 2,
is closed to new members hired on or after August 29, 2003. A second program, the Chapter 238A-OPERS Pension
Program (OPSRP-DB), is described in the second portion of this note. Membership in the programs is delineated
based on date of hire.
OPERS issues a publicly available financial report which can be obtained at:
https://www.oregon.gov/pers/Pages/Financials/Actuarial-Financial-Information.aspx
Note 4 – Other Information (Continued)
Plan Benefits
Chapter 238-Tier One and Tier Two Chapter 238A-OPSRP-DB
Pension
Benefits
The OPERS retirement allowance is payable
monthly for life. The allowance may be selected
from 13 retirement benefit options that are
actuarially equivalent to the base benefit.
These options include survivorship benefits and
lump-sum refunds. The basic benefit is most
commonly based on years of service and final
average salary. A percentage (2.0% for Police
and Fire employees, 1.67% for General Service
employees) is multiplied by the number of years
of service and the final average salary. Benefits
may also be calculated under a formula plus an
annuity (for members who were contributing
before August 21, 1981), or a money match
computation if a greater benefit results. Monthly
payments must be a minimum of $200 per
month or the member will receive a lump-sum
payment of the actuarial equivalent of benefits to
which they are entitled.
Under Senate Bill 1049, passed during the 2019
legislative session, the salary included in the
determination of final average salary will be
limited for all members beginning in 2021. The
limit was equal to $238,567 as of January 1, 2025,
and is indexed with inflation every year.
The ORS 238A Defined Benefit Pension
Program provides benefits to members
hired on or after August 29, 2003. This
portion of the OPSRP provides a life
pension funded by employer contributions.
Benefits are calculated with the following
formula for members who attain normal
retirement age:
Police and fire: 1.8% multiplied by the
number of years of service and the final
average salary. Normal retirement
age for Police and Fire members is age 55
(effective January 1, 2025) or age 53 with
25 years of retirement credit. To retire
under the Police and Fire classification, the
individual’s last 60 months of retirement
credit preceding retirement eligibility
must be classified as retirement credit for
service as a police officer or a firefighter.
General service: 1.5% multiplied by the
number of years of service and the final
average salary. Normal retirement age for
General Service members is age 65 or age
58 with 30 years of retirement credit.
Plan Benefits
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 89
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 4 – Other Information (Continued)
Chapter 238-Tier One and Tier Two Chapter 238A-OPSRP-DB
Pension
Benefits
(Continued)
Police and Fire members may purchase increased
benefits that are payable between the date of
retirement and age 65.
A member is considered vested and will be
eligible at minimum retirement age for a service
retirement allowance if they have contributions
in each of five calendar years or have reached at
least 50 years of age before ceasing employment
with a participating employer (age 45 for Police
and Fire members). General Service employees
may retire after reaching age 55. Police and
Fire members are eligible after reaching age
50. Tier One General Service employee benefits
are reduced if retirement occurs prior to age 58
with fewer than 30 years of service. Police and
Fire member benefits are reduced if retirement
occurs prior to age 55 with fewer than 25 years
of service. Tier Two members are eligible for full
benefits at age 60. The plans are closed to new
members hired on or after August 29, 2003.
Under Senate Bill 1049, passed during the
2019 legislative session, the salary included
in the determination of final
average salary is limited for all members
beginning in 2021. The limit was equal
to $238,567 as of January 1, 2025, and is
indexed with inflation every year.
A member of the pension program
becomes vested on the earliest of the
following dates: the date the member
completes 600 hours of service in each of
five calendar years, the date the member
reaches normal retirement age,
or, if the pension program is terminated,
the date on which termination becomes
effective.
Disability
Benefits
A member with 10 or more years of creditable
service who becomes disabled from other
than duty-connected causes may receive a
non-duty disability benefit. A disability resulting
from a job-incurred injury or illness qualifies
a member (including OPERS judge members)
for disability benefits regardless of the length
of OPERS-covered service. Upon qualifying for
either a non-duty or duty disability, service
time is computed to age 58 (55 for Police and
Fire members) when determining the monthly
benefit.
A member who has accrued 10 or more
years of retirement credits before the
member becomes disabled or a member
who becomes disabled due to job-related
injury shall receive a disability benefit of
45% of the member’s salary determined as
the last full month of employment before
the disability occurred.
Benefit
Changes
after
Retirement
Members may choose to continue participation
in a variable account after retiring and may
experience annual benefit fluctuations due to
changes in the fair value of the underlying global
equity investments of that account.
No ability to change.
Cost of
Living
Adjustments
Under ORS 238.360, monthly benefits are
adjusted annually through cost-of-living
adjustments (COLA). The COLA is capped at 2.0
percent.
Under ORS 238.360, monthly benefits are
adjusted annually through cost-of-living
adjustments (COLA). The COLA is capped at
2.0 percent.
90 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 4 – Other Information (Continued)
Contributions
OPERS funding policy provides for monthly employer contributions at actuarially determined rates. These
contributions, expressed as a percentage of covered payroll, are intended to accumulate sufficient assets to pay
benefits when due. This funding policy applies to the OPERS Defined Benefit Plan and the Other Post-Employment
Benefit Plans. Ultimate authority for setting and changing the laws governing contributions rests with the
Oregon legislature.
Employer contribution rates during the period were based on the December 31, 2021, actuarial valuation,
which became effective July 1, 2023. The state of Oregon and certain schools, community colleges, and political
subdivisions have made unfunded actuarial liability payments, and their rates have been reduced. Effective
January 1, 2020, Senate Bill 1049 requires employers to pay contributions on reemployed OPERS retirees’
salaries as if they were active members, excluding IAP (6%) contributions. Reemployed retirees do not accrue
additional benefits while they work after retirement. Employer contributions for the year ended June 30, 2025,
were $20,523,543, excluding amounts to fund employer specific liabilities, or employer specific side-accounts.
The rates, presented as a percentage of covered payroll, for the County in effect for the fiscal year ended June
30, 2025, were:
Chapter 238 - Tier One and
Tier Two Chapter 238A - OPSRP-DB
General Service 20.03% 17.00%
Police and Fire 27.16% 21.79%
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 91
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 4 – Other Information (Continued)
Pension Liabilities, Pension Expense, Deferred Outflows of Resources, and Deferred Inflows of Resources
Related to Pensions
As of June 30, 2025, the County reported a liability of $160,902,668 for its proportionate share of the net
pension liability. The net pension liability was measured as of June 30, 2024, and the total pension liability used
to calculate the net pension liability was determined by an actuarial valuation as of December 31, 2022. The
County’s proportion of the net pension liability was based on the County’s projected long-term contribution
effort as compared to the total projected long-term contribution effort of all employers.
Rates of every employer have at least two major components:
Normal Costs: The economic value, stated as a percent of payroll, for the portion of each active member’s total
projected retirement benefit that is allocated to the upcoming year of service. The rate is in effect for as long
as each member continues in OPERS-covered employment. The current value of all projected future Normal
Cost Rate contributions is the Present Value of Future Normal Costs (PVFNC). The PVFNC represents the portion
of the projected long-term contribution effort related to future service.
Unfunded Actuarial Liability Rate (UAL): If system assets are less than the actuarial liability, a UAL exists. UAL can
arise in a biennium when an event such as experience differing from the assumptions used in the actuarial
valuation occurs. An amortization schedule is established to eliminate the UAL that arises in a given biennium
over a fixed period of time if future experience follows assumptions. The UAL Rate is the upcoming year’s fixed
component of the cumulative amortization schedules, stated as a percent of payroll.
The employer’s PVFNC depends on both the normal cost rates charged on the employer’s payrolls, and on the
underlying demographics of the respective payrolls. For OPERS funding, employers have up to three different
payrolls, each with a different normal cost rate: (1) Tier 1/Tier 2 payroll, (2) OPSRP general service payroll, and
(3) OPSRP police and fire payroll.
Since many governments in Oregon have sold pension obligation bonds and deposited the proceeds with
OPERS (referred to as side accounts or transitional liability or surplus), adjustments are required. After each
employer’s projected long-term contribution effort is calculated, that amount is reduced by the value of the
employer’s side account, transitional liability/surplus, and the pre-SLGRP liability/surplus (if any). This is done
as those balances increase/decrease the employer’s projected long-term contribution effort because side
accounts are effectively pre-paid contributions.
Looking at both rate components, the projected long-term contribution effort is the sum of the PVFNC and
UAL. The PVFNC part of the contribution effort pays for the value of future service while the UAL part of the
contribution effort pays for the value of past service not already funded by accumulated contributions and
investment earnings. Each of the two contribution effort components are calculated at the employer-specific
level. The sum of these components across all employers is the total projected long-term contribution effort.
As presented, on June 30, 2025 (measurement date of June 30, 2024), the County’s proportion was 0.72389846
percent, which was a decrease of 5.08% from its proportion presented on June 30, 2024 (measurement date
of June 30, 2023).
For the year ended June 30, 2025, the County recognized a pension expense of $30,261,278. At June 30, 2025,
the County reports deferred outflows of resources and deferred inflows of resources related to pensions from
the following sources:
92 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 4 – Other Information (Continued)
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Differences between expected and actual experience $ 9,531,994 $ 384,022
Changes of assumptions 16,177,206 20,725
Net difference between projected and actual earnings on
investments 10,221,819 -
Changes in proportionate share 9,030,490 5,176,344
Contributions made to the plan subsequent to measurement date 20,523,543 -
Differences between employer contribution and employer’s
proportionate share of system contributions 1,417,933 7,715,082
$ 66,902,985 $ 13,296,173
Net Deferred Outflows of Resources $ 53,606,812
Less: Contributions Made Subsequent to Measurement Date 20,523,543
Total $ 33,083,269
The County’s contributions made subsequent to the measurement date will be recognized in the County’s
pension expense in the following year. The net amount of the County’s remaining deferred outflows of resources
and deferred inflows of resources that will be recognized in the County’s pension expense in the subsequent
five years in the aggregate are shown in the table below:
1st Fiscal Year - Fiscal Year 2026 $ 1,669,078
2nd Fiscal Year - Fiscal Year 2027 18,065,976
3rd Fiscal Year - Fiscal Year 2028 8,715,043
4th Fiscal Year - Fiscal Year 2029 3,947,743
5th Fiscal Year - Fiscal Year 2030 685,429
Total $ 33,083,269
Actuarial Assumptions
The employer contribution rates, effective July 1, 2023, through June 30, 2025, were set using the entry age
normal actuarial cost method. For the Tier One/Tier Two component of the OPERS Defined Benefit Plan, this
method produced an employer contribution rate consisting of (1) an amount for normal cost (the estimated
amount necessary to finance benefits earned by the employees during the current service year), and (2) an
amount for the amortization of unfunded actuarial accrued liabilities, which are being amortized over a fixed
period with new unfunded actuarial accrued liabilities being amortized over 22 years.
For the OPSRP Pension Program component of the PERS Defined Benefit Plan, this method produced an
employer contribution rate consisting of (a) an amount for the normal cost (the estimated amount necessary
to finance benefits earned by the employees during the current service year), (b) an actuarially determined
amount for funding a disability benefit component, and (c) an amount for the amortization of unfunded
actuarially accrued liabilities, which are being amortized over a fixed period with new unfunded actuarially
accrued liabilities being amortized over 16 years.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 93
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 4 – Other Information (Continued)
A summary of the economic assumptions used for the December 31, 2022, actuarial valuation are shown below:
Valuation Date December 31, 2022
Measurement Date June 30, 2024
Experience Study 2022, published July 24, 2023
Actuarial assumptions:
Actuarial cost method Entry Age Normal
Inflation rate 2.40 percent
Long-term expected rate of return 6.90 percent
Discount rate 6.90 percent
Projected salary increases 3.40 percent
Cost-of-living adjustments (COLA) Blend of 2.00% COLA and graded COLA (1.25%/0.15%) in accordance
with Moro Decision; blend based on service.
Mortality Healthy retirees and beneficiaries:
Pub-2010 Healthy Retiree, sex distinct, generational with Unisex,
Social Security Data Scale, with job category adjustments and
set-backs as described in the valuation.
Active members:
Pub-2010 Employee, sex distinct, generational with Unisex,
Social Security Data Scale, with job category adjustments and
set-backs as described in the valuation.
Disabled retirees:
Pub-2010 Disable Retiree, sex distinct, generational with Unisex,
Social Security Data Scale, with job category adjustments and
set-backs as described in the valuation.
Actuarial valuations of an on-going plan involve estimates of the value of projected benefits and assumptions
about the probability of events far into the future. Actuarially determined amounts are subject to continual
revision as actual results are compared to past expectations and new estimates are made about the future.
Experience studies are performed as of December 31st of even numbered years. The methods and assumptions
shown above are based on the 2022 Experience Study, which reviewed experience for the four-year period
ended December 31, 2022.
The long-term expected rate of return on plan investments was developed based on the forward-looking capital
market economic model. The table below presents the assumptions related to asset allocation and expected
rates of return by major asset class. The target allocation and best estimates of arithmetic real rates of return
for each major class are summarized in the following table:
94 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 4 – Other Information (Continued)
Long-Term Expected Rate of Return *
Asset Class
Target
Allocation
20-Year
Annualized
Geometric
Mean
Global Equity 27.50% 7.07%
Private Equity 25.50% 8.83%
Core Fixed Income 25.00% 4.50%
Real Estate 12.25% 5.83%
Master Limited Partnerships 0.75% 6.02%
Infrastructure 1.50% 6.51%
Hedge Fund of Funds - Multistrategy 1.25% 6.27%
Hedge Fund Equity - Hedge 0.63% 6.48%
Hedge Fund - Macro 5.62% 4.83%
Portfolio, net of investment expenses 100.00%
Assumed Inflation, mean 2.35%
* Based on the OIC Statement of Investment Objectives and Policy Framework for the Oregon Public Employees
Retirement Fund, revised as of January 25, 2023.
Discount Rate
The discount rate used to measure the total pension liability was 6.90 percent for the Defined Benefit Pension
Plan. The projection of cash flows used to determine the discount rate assumed that contributions from plan
members and those of the contributing employers are made at the contractually required rates, as actuarially
determined. Based on those assumptions, the pension plan’s fiduciary net position was projected to be available
to make all projected future benefit payments of current plan members. Therefore, the long-term expected
rate of return on pension plan investments for the Defined Benefit Pension Plan was applied to all periods of
projected benefit payments to determine the total pension liability.
Sensitivity of the County’s Proportionate share of the Net Pension Liability (Asset) to Changes in the
Discount Rate
The following presents the County’s proportionate share of the Net Pension Liability calculated using the discount
rate of 6.90 percent, as well as what the County’s proportionate share of the Net Pension Liability would be if
it were calculated using a discount rate that is 1-percentage point lower (5.90 percent) or 1-percentage point
higher (7.90 percent) than the current rate:
1% Decrease
(5.90%)
Discount Rate
(6.90%)
1% Increase
(7.90%)
Proportionate share of Net Pension Liability $ 253,817,423 $ 160,902,668 $ 83,082,020
Pension Plan Fiduciary Net Position
Detailed information about the pension plan’s fiduciary net position is available in the separately issued OPERS
financial report that can be found at http://www.oregon.gov/pers.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 95
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 4 – Other Information (Continued)
OPSRP Individual Account Program
The defined contribution pension plan (called the Individual Account Program or IAP) is provided to all members
or their beneficiaries who are OPERS or OPSRP eligible. State statutes require covered employees to contribute
6 percent of their annual covered salary to the IAP plan effective January 1, 2004. Deschutes County has
elected to pay all of the employees’ required IAP contributions. Although OPERS members retain their existing
OPERS account, all current member contributions are deposited into the member’s IAP account. The liability
outstanding at June 30, 2025 was $549,697 for the amount associated with the final year-end payroll and is
included in the net pension liability in the Statement of Net Position.
The IAP member becomes vested on the date the employee account is established or on the date when the
rollover account was established. If the employer makes optional employer contributions for a member, the
member becomes vested on the earliest of the following dates: the date the member completes 600 hours of
service in each of five calendar years, the date the member reaches normal retirement age, the date the IAP
is terminated, the date the active member becomes disabled, or the date the active member dies.
D. Other Post-Employment Benefits (OPEB)
The other post-employment benefits for the County includes two separate plans to provide certain healthcare
benefits to retirees. The first is a multi-employer, cost-sharing, defined benefit, other postemployment benefit
plan administered by the OPERS known as the Retirement Health Insurance Account (RHIA). The second is
a single-employer, defined benefit, post-employment healthcare plan administered by the County known as
the County Plan. The RHIA plan reports a net OPEB asset, while the County Plan reports a total OPEB liability
on the Statement of Net Position.
OPEB Activity and Balances for the Year Ended June 30, 2025 (RHIA & County Plan)
Category RHIA County Plan Total
Total OPEB Liability $ - $ 37,345,630 $ 37,345,630
Net OPEB Asset 2,740,002 - 2,740,002
Deferred Outflows
Contributions subsequent to the measurement date 565 - 565
Net difference between projected and actual earnings on
investments 77,364 - 77,364
Differences between expected and actual experience - 11,158,009 11,158,009
Changes of assumption or other inputs - 2,494,370 2,494,370
Deferred Outflows - Total 77,929 13,652,379 13,730,308
Deferred Inflows
Changes in proportionate share 263,278 - 263,278
Differences between expected and actual experience 53,590 8,616,081 8,669,671
Changes of assumption or other inputs 34,658 6,070,458 6,105,116
Deferred Inflows - Total 351,526 14,686,539 15,038,065
OPEB (Income) Expenses (618,400) 1,655,559 1,037,159
Oregon Public Employees Retirement System – Retirement Health Insurance Account (RHIA)
Plan Description
Retirement Health Insurance Account (RHIA) is a cost-sharing, multiple-employer, defined benefit, other
postemployment benefit plan administered by OPERS. As a member of OPERS, the County contributes to RHIA
96 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 4 – Other Information (Continued)
for each of its eligible employees. RHIA pays a monthly contribution (currently $60 per month) toward the cost
of Medicare companion health insurance premiums of eligible retirees. Oregon Revised Statute (ORS) 238.420
established this trust fund. Authority to establish and amend the benefit provisions of RHIA reside with the
Oregon Legislature. The Plan is closed to new entrants hired on or after August 29, 2003. OPERS issues a publicly
available financial report that includes financial statements and required supplementary information. That
report may be obtained by writing to Oregon Public Employees Retirement System, PO Box 23700, Tigard, OR
97281-3700. The reports and other related schedules including plan assumptions, methods and plan provisions
may also be found on the PERS website at https://www.oregon.gov/pers/EMP/Pages/GASB.aspx.
Contributions
Participating public employers are contractually required to contribute to RHIA at a rate assessed each biennium
by OPERS. For fiscal year 2025, the rate is 0% of annual covered payroll for Tier 1/Tier 2 employees and OPSRP
employees. The OPERS sets the net-retiree healthcare rate based on the estimated OPEB expense of the
employer, an amount actuarially determined in accordance with the parameters of GASB Statement No. 75,
Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions. The OPEB expense represents
the annual cost allocated to the current year (service cost) and the amortization of any unfunded accrued
liability of the plan. The unfunded accrued liabilities are amortized over a closed period equal to the average
of the expected remaining lives of all employees that are provided with OPEB through the OPEB plan (active
employees and inactive employees). The County’s contributions to RHIA were consistent with the net-retiree
healthcare rate as charged by OPERS. The County paid $565 for RHIA during fiscal year 2025.
Actuarial methods and assumptions for the RHIA plan mirror those of the PERS retirement system itself and
can be found in Note 4C – Participation in Public Employees Retirement System. Healthcare cost trends are
not applicable to this plan as the benefits are a fixed dollar amount per month. As presented, on June 30, 2025
(measurement date of June 30, 2024), the County’s proportionate share of the RHIA plan was 0.67837200%. The
proportionate share for each employer participating in the Plan was determined by the actuaries based upon
each employer’s contribution to the RHIA program during the measurement period. The County’s proportionate
share increased 22.02% from 0.55595159% in the prior measurement period.
The following presents the County’s proportionate share of the net OPEB liability (asset) for the RHIA calculated
using the discount rate of 6.90 percent, as well as what the County’s proportionate share of the net OPEB liability
(asset) would be if it were calculated using a discount rate that is 1-percentage point lower (5.90 percent) or
1-percentage point higher (7.90 percent) than the current rate:
1% Decrease
(5.90%)
Current
Discount
Rate (6.90%)
1% Increase
(7.90%)
Proportionate share of net RHIA OPEB
liability (asset)$ (2,536,409) $ (2,740,002) $ (2,915,301)
The RHIA plan assets are included in the PERS retirement system cash management efforts. Information related
to the PERS Plan assets investment allocations are included in Note 4C – Participation in Public Employees
Retirement System included in these financial statements.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 97
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 4 – Other Information (Continued)
The County’s contributions made subsequent to the measurement date of the net RHIA OPEB asset but
before the end of the County’s reporting period will be recognized as an addition to the net RHIA OPEB asset
in the subsequent fiscal year. The net amount of the County’s share of the RHIA remaining deferred outflows
of resources and deferred inflows of resources that will be recognized in the County’s OPEB expense in the
subsequent four years in the aggregate are shown in the table below:
Subsequent Fiscal Years
Deferred Outflow/
(Inflow) of Resources
(prior to post-measurement
date contributions)
FY 2026 $ (397,954)
FY 2027 73,006
FY 2028 41,854
FY 2029 8,932
Total $ (274,162)
Other Post-Employment Benefits – Deschutes County Plan
Plan Description
The Deschutes County Retiree Health Plan is a single-employer defined benefit post-employment healthcare
plan that provides medical benefits to eligible retired employees of Deschutes County and Deschutes County
9-1-1 Service District and their beneficiaries. Deschutes County has not established an irrevocable trust (or
equivalent arrangement) to account for the retiree health insurance plan. Instead, the activities of the plan are
reported in the County’s Health Benefits fund that is classified as an internal service fund for financial reporting
purposes. The retiree health insurance plan does not issue a separate report.
Benefits Provided
Eligibility for subsidized retiree health benefits requires retirement from the County with more than 15 years of
service. Retirees with more than 15 years of service but less than 30 years of service receive a monthly County
contribution towards their monthly insurance premiums until they are 65 years of age or until eligible for
Medicare, in accordance with a schedule recommended by the Employee Benefit Advisory Committee (EBAC)
and approved by the Board of County Commissioners. Retirees with 30 or more years of service contribute
$90 per month towards their medical insurance and $5 per month towards their dental insurance while the
County covers the remainder of the premiums. Retirees with less than 15 years of service can continue their
medical coverage but must pay 100% of the premium amount.
Employees Covered by Benefit Terms
At the time of the most recent valuation, June 30, 2025, there were 1,114 active employees that could be
eligible for the plan. As of that date, 48 retirees and surviving spouses were insured through the County Plan.
The County pays benefits as they come due. As a result, there are no assets being accumulated by the County
to pay for future benefits. Resources received in excess of paying benefits as they come due are set aside for
the payment of future benefits.
98 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 4 – Other Information (Continued)
Actuarial Assumptions and Other Inputs
The Total OPEB liability in the June 30, 2025 actuarial valuation was determined using the following actuarial
assumptions, applied to all periods included in the measurement, unless otherwise specified:
Measurement date June 30, 2025
Valuation date June 30, 2025
Report date June 30, 2025
Actuarial cost method Entry age normal
Discount rate 4.71%
Inflation 2.40%
Salary increases 3.40%
Mortality Rates Based on Society of Actuaries Mortality Tables
Healthcare cost trend rate
7.90% trending down to 4.04% over 50 years. Applies to
calendar years.
The discount rate used to measure the total OPEB liability is 4.71 percent. The County’s OPEB Plan is an unfunded
plan; therefore, the discount rate was set to the rate of the tax-exempt, high-quality 20-year municipal bonds,
as of the valuation date.
The actuarial cost method used in the valuation of this plan is the Entry Age Normal Method. Under this
method, the actuarial present value of the projected benefits of each active employee included in the valuation
is allocated on a level dollar basis over the service of the active employee between assumed Entry Age (date
of hire) and assumed Exit Age(s). The portion of this actuarial present value allocated to the valuation year is
called the service cost for that active employee. The sum of these individual service costs is the Plan’s Service
Cost for the valuation year. The present value of benefits for current retirees plus the accumulated value of
all prior service costs is the Total OPEB Liability. Under this method, the actuarial gains (losses), as they occur,
reduce (increase) the Total OPEB Liability. The Deschutes County Retiree Health Plan is deemed “unfunded”
in accordance with the relevant GASB statements.
Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions
about the probability of occurrence of events far into the future. Examples include assumptions about future
employment, mortality, and the healthcare cost trend. Amounts determined regarding the Total OPEB Liability
of the plan and the annual OPEB expense of the employer are subject to continual revision as actual results are
compared with past expectations and new estimates are made about the future. The schedule of changes in the
County’s Total OPEB Liability, presented as required supplementary information, presents trend information
about whether the Total OPEB Liability is increasing or decreasing over time relative to the covered-employee
payroll. The measurement date of the actuarial results presented is June 30, 2025:
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 99
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 4 – Other Information (Continued)
Changes in Total OPEB Liability
Category County Plan
Balance at 6/30/2024 $ 24,420,008
Changes for the year:
Service cost 1,664,945
Interest 1,017,530
Change in assumptions or other inputs 10,405,794
Differences between expected and actual experience 746,257
Benefit payments (317,406)
Implicit subsidy credit (591,498)
Net changes 12,925,622
Balance at 6/30/2025 $ 37,345,630
Sensitivity of the Liability to Changes in the Discount Rate and Healthcare Cost Trend Rate
Changes in the discount rate affect the measurement of the total OPEB liability. Lower discount rates produce
a higher total OPEB liability and higher discount rates produce a lower total OPEB liability. The following
presents the total OPEB liability of the plan calculated using the discount rate of 4.71%, as well as what the
County’s total OPEB liability would be if it were calculated using a discount rate that is one percentage point
lower (3.71%) or one percentage point higher (5.71%) than the current rate:
1% Decrease
(3.71%)
Current
Discount Rate
(4.71%)
1% Increase
(5.71%)
Total OPEB Liability on June 30, 2025 $ 40,601,072 $ 37,345,630 $ 34,331,332
Changes in healthcare trends also affect the measurement of the total OPEB liability. Lower healthcare trends
produce a lower total OPEB liability and higher healthcare trends produce a higher total OPEB liability. The
following presents the total OPEB liability of the plan, calculated using the healthcare cost trend rate of 7.90%
and decreased to 4.04% over 50 years, as well as what the County’s total OPEB liability would be if it were
calculated using healthcare cost trend rates that are one percentage point lower (6.90%) or one percentage
point higher (8.90%) than current healthcare cost trend rate:
1% Decrease
(6.90%)
Current
Discount Rate
(7.90%)
1% Increase
(8.90%)
Total OPEB Liability on June 30, 2025 $ 33,030,860 $ 37,345,630 $ 42,451,091
100 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 4 – Other Information (Continued)
The net amount of the County’s deferred outflows of resources and deferred inflows of resources that will
be recognized in the County’s OPEB expense in the subsequent five years, and in the aggregate, are shown
in the table below:
Subsequent Fiscal Years
Deferred Outflow/
(Inflow) of Resources
(prior to post-measurement
date contributions)
FY 2026 $ (1,026,916)
FY 2027 (1,026,916)
FY 2028 (1,026,916)
FY 2029 (1,026,916)
FY 2030 (133,557)
Remaining 3,207,061
Total $ (1,034,160)
Expected Average Remaining Service Lives (EARSL)
The effects on the total OPEB County plan liability of (1) changes of economic and demographic assumptions
or of other inputs, and (2) differences between expected and actual experience are required to be included in
the OPEB County plan expense in a systematic and rational manner over a closed period equal to the average
of the expected remaining service lives of all employees that are provided with benefits through the OPEB
County plan (active employees and inactive employees), beginning in the current period. The EARSL for the
current period is 8.4 years.
E. Landfill Closure and Postclosure Care Costs
State and Federal laws and regulations require that the County place a final cover on its landfill sites and perform
certain maintenance and monitoring functions at the sites for a minimum of 30 years after closure. In addition
to operating expenses related to current activities of the landfill site, an expense provision and related liability
are recognized based on the estimated future closure and postclosure care costs that will be incurred near or
after the date the landfill no longer accepts waste. The recognition of the closure and postclosure care costs
for Knott Landfill is based on remaining capacity of the landfill. It is estimated that the total cost for the closure
and postclosure of Knott Landfill is $25,888,493 which includes the current cost of equipment, facilities and
services required to close, monitor and maintain the landfill. The postclosure costs estimated for the County’s
Demo and Southwest sites are estimated at $860,706 and $1,191,960, respectively.
The amount of closure and postclosure costs to recognize each year is based on engineering estimates of
capacity remaining at the landfill. By estimating the capacity remaining at the landfill instead of calculating the
capacity used, based on the cubic feet of material added during the year, the County is better able to recognize
the benefit of natural compression occurring within the solid waste cells.
Through June 30, 2025, $20,108,873 has been recognized as expense and $2,739,715 has been paid, resulting in
a Closure/Post-Closure liability of $18,470,436 at June 30, 2025. Based on current estimated costs, an additional
$14,880,566 will be recognized as closure and postclosure expense through 2029, the date the landfill is
currently projected to be filled to capacity.
For the past several years, the County has designated resources for future closure and postclosure care and
it anticipates continuing to do so. The County meets the “Local Government Financial Test” which provides
financial assurance as to the County’s ability to meet its financial obligations for closure and postclosure.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 101
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 4 – Other Information (Continued)
F. Public-Private Partnership
In April of 2023, the County entered a Public-Private Partnership (PPP) arrangement with Cascade Natural Gas
Corporation (CNGC). The County currently owns and operates an active gas collection system at Knott Landfill,
a solid waste facility. The Landfill Gas Sales Agreement allows for CNGC to expand the active gas collection
system and connect the system to a renewable natural gas production facility in exchange for monthly payments
based on the value of extracted gas. Some improvement costs made to the active gas collection system will be
paid by CNGC and will be retained by the County at the end of the PPP term. No costs related to the collection
system expansion were incurred as of June 30, 2025. The initial term of the agreement is 10 years from the
“Commissioning Date” of the renewable natural gas production facility with the option to extend for 5-year
increments. Due to the project’s power requirements, a new substation, as part of the Stevens Road project,
is being built with projected completion by October 2026.
G. Tax Abatement
As of June 30, 2025, four property tax abatement programs are administered as authorized by Oregon Revised
Statutes:
Property for Low-income Rental 307.517, 307.537, 307.541
Enterprise Zone Businesses 285C.175
Construction in Process in an Enterprise Zone 285C.170, 307.330
Solar Projects 2015 laws c. 571 (Note 3 following ORS 307.175)
Property for Low-income Rental (307.517)
The intent of the Property for Low-income Rental program is to assist in providing housing equity throughout
the state and reduce homelessness. Newly constructed rental housing occupied by low-income persons or
property held for a reasonably short period of time for future development as low-income rental housing is
exempt from property taxes for 20 years if the property is:
■Located in a city or county that adopts standards and guidelines to be used in administering applications
for exemption.
■Built after the city or county adopts the state statutes.
■Approved by the city or county upon application.
■For projects requesting an exemption after October 5, 2015, any additional criteria established by the
city or county prior to the application.
■Rented only to persons with income at or below 60 percent of area median income based on U.S.
Department of Housing and Urban Development criteria.
■Rented at rates that reflect the full property tax reduction.
Legislation in 2015 (HB 2130) amended the law to allow cities or counties to establish reasonable maximum
holding times for land designated for low-income housing development. The legislation also permitted cities
or counties to elect additional qualifying criteria before granting the exemption. Legislation in 2019 (HB 2130)
extended the sunset to June 30, 2029.
Enterprise Zone Businesses (285C.175)
The purpose of the Enterprise Zone Business program is to stimulate and protect economic success by
providing tax incentives for employment, business, industry and commerce and by providing adequate levels
of complementary assistance to community strategies for such interrelated goals as environmental protection,
growth management and efficient infrastructure. Qualified real and personal property owned or leased and
102 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 4 – Other Information (Continued)
newly placed into service by a qualified business firm in an enterprise zone is exempt from property tax for
three to five consecutive years.
A new or expanding business can qualify if the business meets all of the conditions outlined in ORS 285C.135
and 285C.200, such as applying locally for authorization prior to construction, engaging in eligible business
operations, entering into a “first source” hiring agreement with local publicly funded job training providers, and
increasing the number of jobs in the enterprise zone by the greater of one additional job or 10 percent. To be
exempt, the property owned or leased by the business must satisfy applicable timing, location, minimum cost,
and other requirements described in ORS 285C.180. Property is disqualified if used for an ineligible activity,
such as retail operations, or if the business firm substantially curtails operations or closes during the exemption
period. When property becomes disqualified, previously exempt taxes must be repaid.
Construction in Process in an Enterprise Zone (285C.170)
The purpose of the Construction in Process in an Enterprise Zone program is to stimulate and protect
economic success by providing tax incentives for employment, business, industry, and commerce and by
providing adequate levels of complementary assistance to community strategies for such interrelated goals
as environmental protection, growth management and efficient infrastructure (ORS 285C.055). Property
undergoing construction, addition, modification, or installation is exempt from property taxation for up to
two consecutive years provided that the property satisfies all the program requirements. This exemption
is effectively an extension of expenditure 2.011, Commercial Buildings Under Construction, specifically to
properties that are expected to qualify for a standard enterprise zone exemption when they are completed. If
a property is exempt under both 2.011 and this expenditure, the combined duration of the exemptions cannot
exceed two consecutive years.
Commercial Buildings Under Construction (307.330)
The purpose of Commercial Buildings under Construction is to encourage business investment in plant and
equipment by delaying property taxes until a facility can generate cash revenue. Manufacturing firms do not
commonly experience immediate cash flow. Certain commercial and industrial buildings are exempt from
property taxation while they are under construction. A new structure or an addition is exempt from property
taxation if meeting the following criteria on the January 1 assessment date:
The property is under construction, including additions to an existing structure.
■No part of the new structure or improvement has been or is in service for any Commercial use or
occupancy.
■The property is being built for the purpose of earning income.
■The property is not to be occupied for at least one year after construction began in the case of any
non-manufacturing facility.
The property is not centrally assessed by the Department of Revenue.
The exemption cannot be claimed for more than two consecutive years. Machinery and equipment at the
building site also qualifies if it will be installed as real property in the structure. The property is listed on the
county property tax assessment roll, but the assessment is canceled if proof that the property meets the above
requirements is furnished to the assessor by April 1 of each assessment year.
Solar Projects (2015 laws c. 571)
The intent of the Solar Projects program is to provide tax relief and tax stability to utility scale solar production
property owners and developers, which subsequently encourages the development of utility scale solar
production (Note 3 following ORS 307.175). Property constituting a solar project located in an unincorporated
county area is exempt from property taxes when an agreement has been made between the governing body
of the county and the owner of the solar project. The agreement is limited to 20 consecutive years. The last
day an agreement could be made was January 1, 2022.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 103
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 4 – Other Information (Continued)
Tax Abatement
For the fiscal year ended June 30, 2025, the County’s property tax revenues, including service districts, were
abated by $1,034,639 under the following programs:
Tax Abatement Program
Deschutes
County
Countywide
Law
Enforcement
County
District
Rual Law
Enforcement
County District
Extension
and 4-H
9-1-1 County
Service District
Taxes Abated
Fiscal Year Ended
June 30, 2025
Property for Low-income Rental $ 177,012 $ 173,078 $ 8,500 $ 3,116 $ 50,105 $ 411,811
Enterprise Zone Businesses 204,835 200,285 3,520 3,599 57,977 470,216
Construction in Process in an Enterprise Zone 53,648 52,455 - 945 15,186 122,234
Solar Projects 8,702 8,509 10,552 152 2,463 30,378
Total property tax abated $ 444,197 $ 434,327 $ 22,572 $ 7,812 $ 125,731 $ 1,034,639
For the fiscal year ended June 30, 2025, the County’s property tax revenues were not impacted by tax abatement
programs administered by other governments.
H. Fund Structure
The County maintains certain additional sub-funds for specific management needs. These sub-funds are
consolidated into the appropriate fund for financial reporting purposes as required by generally accepted
accounting principles.
Major Funds – Governmental
General Fund
Accounts for the financial operations of the County which are not
accounted for in any other fund. Principal sources of revenues are
property taxes and revenues from the State of Oregon and Federal
government. Expenditures are primarily for general government
activities including assessment, taxation, district attorney, county clerk,
economic development, general county projects, community justice -
juvenile, and code abatement.
Sheriff’s Office
Revenues from Sheriff’s services and payments from Countywide
and Rural Law Enforcement Districts, pursuant to intergovernmental
agreements, used for public safety, including the operation of the
adult jail.
Countywide Law Enforcement County
District (District #1)
Property taxes used to fund Sheriff’s Office countywide public safety
activities, including the operation of the adult jail.
Rural Law Enforcement County
District (District #2) Property taxes used to fund Sheriff’s Office public safety in rural areas.
Road
State gas tax appointment and Federal payments for building and
maintaining public roads and highways.
Road CIP
Resources from inter-fund transfers for Road’s Capital Improvement
Plan.
Health Services
Fees for services, Federal and State grants for community wide health
care, mental health services and counseling.
Campus Improvement
Resources from inter-fund transfers for campus improvements, debt
proceeds, and grant funds.
104 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 4 – Other Information (Continued)
Major Funds – Proprietary – Enterprise
Solid Waste
Fees and charges for services for the operation, maintenance, closure
and postclosure monitoring of the County’s sanitary landfill and transfer
and recycle stations.
Fair and Expo Center/RV Park
Fees and and charges for services for the operation and maintenance
of the County’s Fair & Expo Center, RV Park, and annual County Fair.
Nonmajor Funds – Proprietary – Internal Service Fund
Internal Service Fund
Interfund charges for services provided for administration, board
of commissioners, facilities, finance, human resources, information
technology, legal, health benefits including medical and dental
insurance, and risk including general liability, property, vehicle, workers’
compensation and unemployment insurance.
Nonmajor Funds - Governmental - Special Revenue Funds
Justice Court Fines, fees and General Fund transfers for operating a justice court.
Park Acquisition and Development
Apportionment from the State of Oregon from recreational vehicle
fees and fees paid by developers in lieu of land donation for park
development.
County School Local taxes and Federal Forest receipts for education.
Special Transportation Federal and State grants for public transit services.
Taylor Grazing Federal funds administered by State for rangeland improvement.
Transient Room Tax
Lodging tax for marketing of recreational facilities, promotion of
tourism and County services.
Video Lottery
State’s video lottery apportionment for grants promoting economic
development.
Foreclosed Land Sales
Land sale proceeds to reimburse costs of supervision and maintenance
of properties acquired through tax foreclosure.
Victims’ Assistance
Grants and General Fund transfers for providing assistance to crime
victims.
Law Library State shared revenues for supporting law library services.
County Clerk Records Fees for upgrading storage and retrieval systems.
Court Facilities Fines and fees to provide security in the court building.
Communications System Reserve
Accumulated resources which will be used for replacement of the
countywide communication system.
Community Development
Fees and charges for services for planning, building safety, education
and public services.
GIS (Geographic Information Systems)
Dedicated Recording fees and sales for map data system.
Natural Resource Protection
Grants for the control of noxious weeds and promotion of healthy
forests.
Federal Forest Title III
Federal monies for grants related to National Forest activities in
Deschutes County.
Surveyor Fees for survey measurements, plat reviews and document filing.
Public Land Corner Preservation Fees for maintaining permanent monuments of survey corner positions.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 105
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 4 – Other Information (Continued)
Countywide Transportation SDC
Fees from developers and builders for upgrades and expansion of
county road infrastructure.
Dog Control Licenses, fees and donations for animal control.
Adult Parole and Probation
Charges for services and State Department of Corrections grant for
County justice program.
Statewide Transportation
Improvement State grants for public transit services.
PERS Reserve
Charges to County’s operating funds and General Fund transfers to
maintain a reserve to off-set increases in the cost of retirement benefits
as a result of an increase in the PERS rate.
Coordinated Houseless Response
Office Revenue from State for coordinated homeless response systems.
American Rescue Plan Act (ARPA)
Federal funds to be appropriated by the Board of County
Commissioners in support of COVID-19 recovery.
Deschutes County 9-1-1 Service
District
Property taxes, charges for services and grants for operations of
countywide emergency call center.
Extension and 4-H Service District
Property taxes for Oregon State University’s Extension Service
programs.
Deschutes County Road Agency U.S Forest Service Secure Rural School funds for road construction.
Nonmajor Funds - Governmental - Debt Service Fund
Debt Service Fund
Long-term operating lease payments and inter-fund transfers for
debt service payments on bonds and notes issued for remodel and
acquisition of real property, purchase of long-lived personal property
and funding of pension liability.
I. Adoption of New Standards
GASB 101 – Compensated Absences
During the fiscal year ended June 30, 2025, the County implemented GASB Statement No. 101, Compensated
Absences. GASB 101 requires that liabilities for compensated absences be recognized for (1) leave that has not
been used and (2) leave that has been used by not year paid in cash or settled through noncash means. As a
result of implementing GASB 101, the County increased beginning balances for compensated leave as of July
1, 2024. The beginning balance of compensated leave was increased by $2,142,089 for governmental activities
and increased by $8,065 for business-type activities on the Statement of Net Position. On the Proprietary Funds
Statements of Revenues, Expenses, and Changes of Net Position, the beginning balance of compensated leave
was increased by $8,065 for business-type activities and increased $18,804 for governmental activities.
106 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Notes to Financial Statements
Note 4 – Other Information (Continued)
J. Restatements of Beginning Balances
During FY 2025, changes to or within the financial reporting entity resulted in restatements of beginning net
position and fund net position, as follows:
As Previously
Reported
6/30/2024
Net Position
Change in
accounting
principle
Change within
the Financial
Reporting Entity
As Restated
6/30/2024
Net Position
Government-Wide
Governmental Activities $ 227,662,284 $ (2,142,089) $ - $ 225,520,195
Business-Type Activities 44,190,557 (8,065) - 44,182,492
Total Primary Government $ 271,852,841 $ (2,150,154) $ - $ 269,702,687
Proprietary Funds
Business-Type Activities
Solid Waste $ 22,397,785 $ (3,578) $ - $ 22,394,207
Fair and Expo Center 18,676,126 - (18,676,126) -
RV Park 3,116,646 - (3,116,646) -
Fair and Expo Center/RV Park - (4,487) 21,792,772 21,788,285
Governmental Activities
Internal Service Fund (2,961,045) (18,804) 2,579,324 (400,525)
Total Proprietary Funds $ 41,229,512 $ (26,869) $ 2,579,324 $ 43,781,967
As Previously
Reported
6/30/2024
Fund Balance
Change in
accounting
principle
Change within
the Financial
Reporting Entity
As Restated
6/30/2024
Fund Balance
Governmental Funds
Governmental Activities
General Fund $ 37,885,862 $ - $ (2,579,324) $ 35,306,538
American Rescue Plan Act 166,574 - (166,574) -
Other Governmental Funds 52,574,556 - 166,574 52,741,130
Total Governmental Funds $ 90,626,992 $ - $ (2,579,324) $ 88,047,668
This reclassification has been made in accordance with GASB Statement No. 100, Accounting Changes and Error
Corrections - an amendment of GASB Statement No. 62, which requires entities to disclose and describe the
nature of significant changes in accounting principle and changes within the financial reporting entity.
During FY 2025, the American Rescue Plan Act fund changed from a major special revenue fund to a non-major
special revenue fund.
In order to simplify the County’s fund reporting structure for FY 2025, the County consolidated funds during
the legal budget adoption process. Changes and consolidations that occurred in the governmental funds
consisted of:
■The Fair and Expo Center/RV Park fund is used to account for operations of the County’s Fair and Expo
Center, RV Park, and annual county fair all located in Redmond, Oregon.
■All activities of the sub-funds of the general fund, excluding vehicle maintenance and replacement, were
adopted within the general fund as one legally budgeted fund.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 107
Deschutes County, Oregon FINANCIAL SECTION
Notes to Financial Statements
Note 4 – Other Information (Continued)
■Operations for vehicle maintenance and replacement were moved from the general fund to the internal
service fund.
■The Park Acquisition and Development fund was consolidated into the Park Acquisition and Development
Fees fund.
■Transient Room Tax – 1% fund was consolidated into the Transient Room Tax fund.
■CDD Groundwater Partnership fund and Newberry Neighborhood fund were consolidated into Community
Development.
Changes and consolidations that occurred in the proprietary funds consisted of:
■Fair & Expo fund, RV Park fund, and RV Park Reserve fund were consolidated into Fair & Expo/RV Park fund.
■Ten internal service funds were consolidated into one internal service fund. The vehicle maintenance and
replacement operations, previously reported with the general fund, were also budgeted in the internal
service fund.
K. Subsequent Events
Lease Agreement
On September 23, 2025, the County entered into a 60-month lease extension which commenced on October
1, 2025. The lease is between the County (Lessor) and the Oregon State Police (OSP) (Lessee), and is for the
use of buildings at 20355 Pole Sholes Drive in Bend, Oregon. The initial asset (lease receivable) and deferred
inflows of resources (unavailable revenue) is $3,608,448. OSP is required to make monthly fixed payments
of $55,466. Additionally, there are monthly lease payments subject to escalation and deescalation per actual
costs accounted for on an annual basis. The first year of these additional lease payments are $8,916 per month
which are reasonably certain. The lease has an implicit interest rate of 2.899%. OSP has no extension options
for this lease.
Oregon PERS Incentive Fund
On July 1, 2025, Deschutes County applied for a 25% matching fund from the OPERS Employer Incentive Fund.
This application was part of the second phase of the initiative to establish new PERS side accounts, aimed at
improving the funded status of the County’s pension obligations. The County’s application was approved and
on October 7, 2025, the County paid $5 million to PERS using funds from the PERS Reserve Fund.
108 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
T h e p a g e I n t e n t i o n a l l y l e f t b l a n k
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 109
Required
Supplementary
Information
110 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Schedule of Proportionate Share of the Net Pension Liability
Oregon Public Employees Retirement System
Last Ten Fiscal Years*
Fiscal Year
2016 2017 2018 2019
Proportion of the net pension liability
(asset) 0.64% 0.62% 0.62% 0.63%
Proportionate share of the net pension
liability (asset) $ 36,983,685 $ 93,391,575 $ 83,905,406 $ 95,837,777
Covered payroll $ 57,047,593 $ 59,420,146 $ 62,715,717 $ 67,091,346
Proportionate share of the net pension
liability (asset) as a percentage of
covered payroll 64.83% 157.17% 133.79% 142.85%
Plan fiduciary net position as a
percentage of the total pension liability 91.88% 80.53% 83.12% 82.07%
* The amounts presented for each fiscal year were determined as of June 30th of the previous year.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 111
Deschutes County, Oregon FINANCIAL SECTION
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Fiscal Year
2020 2021 2022 2023 2024 2025
0.66% 0.64% 0.67% 0.73% 0.76% 0.72%
$ 114,720,172 $ 139,927,482 $ 79,782,076 $ 111,836,403 $ 142,844,432 $ 160,902,668
$ 72,086,900 $ 77,809,516 $ 85,677,368 $ 89,691,054 $ 100,826,363 $ 110,854,539
159.15% 179.83% 93.12% 124.69% 141.67% 145.15%
80.23% 75.79.% 87.57% 84.55% 81.68% 79.29%
112 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Schedule of Net Pension Liability Employer Contributions
Oregon Public Employees Retirement System
Last Ten Fiscal Years*
Fiscal Year
2016 2017 2018 2019
Contractually required contributions $ 5,785,558 $ 5,971,466 $ 8,534,158 $ 9,182,373
Contributions in relation to the contractually
required contribution $ 5,785,558 $ 5,971,466 $ 8,534,158 $ 9,182,373
County’s covered payroll $ 59,420,146 $ 62,715,717 $ 67,091,346 $ 72,086,900
Contributions as a percentage of covered payroll 9.74% 9.52% 12.72% 12.74%
* The amounts presented for each fiscal year ware determined as of June 30th of the previous year.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 113
Deschutes County, Oregon FINANCIAL SECTION
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Fiscal Year
2020 2021 2022 2023 2024 2025
$ 14,075,061 $ 13,817,681 $ 14,841,836 $ 16,551,130 $ 19,393,790 $ 20,523,543
$ 14,075,061 $ 13,817,681 $ 14,841,836 $ 16,551,130 $ 19,393,790 $ 20,523,543
$ 77,809,516 $ 85,677,368 $ 89,691,054 $ 100,826,363 $ 110,854,539 $ 113,363,389
18.09% 16.13% 16.55% 16.42% 17.49% 18.10%
114 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Schedule of Changes in the County’s Total OPEB Liability
Deschutes County Plan
Last Eight Fiscal Years*
2018 2019 2020 2021
Service cost $ 1,756,755 $ 1,339,312 $ 1,386,188 $ 2,350,138
Interest 1,152,108 1,184,266 849,681 549,528
Changes of assumptions and other inputs - (11,017,853) - 6,445,394
Benefit payments and implicit subsidy credit (1,428,996) (1,079,974) (1,050,615) (1,092,103)
Net change in OPEB liability 1,479,867 (9,574,249) 1,185,254 8,252,957
Total OPEB liability - beginning 32,896,294 34,376,161 24,801,912 25,987,166
Total OPEB liability - ending $ 34,376,161 $ 24,801,912 $ 25,987,166 $ 34,240,123
Covered-employee payroll $ 65,409,667 $ 69,941,231 $ 72,389,174 $ 85,677,368
Total OPEB liability as a percentage of payroll 52.6% 35.5% 35.9% 40.0%
*The schedule is required to show information for 10 years. However, until a full 10-year trend is compiled, the information presented is
for those years which information is available.
There are no assests accumulated in the OPEB plan that meets the criteria of GASB codification P22.101 to pay related benefits for the
Pension/OPEB plan.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 115
Deschutes County, Oregon FINANCIAL SECTION
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Fiscal Year
2022 2023 2024 2025
$ 2,432,393 $ 2,517,527 $ 1,642,188 $ 1,664,945
726,383 824,089 930,952 1,017,530
- (15,401,078) (70,966) 11,152,051
(1,222,595) (1,083,168) (1,115,840) (908,904)
1,936,181 (13,142,630) 1,386,334 12,925,622
34,240,123 36,176,304 23,033,674 24,420,008
$ 36,176,304 $ 23,033,674 $ 24,420,008 $ 37,345,630
$ 89,691,054 $ 100,826,363 $ 110,854,539 $ 113,363,389
40.3% 22.8% 22.0% 32.9%
116 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Schedule of the Proportionate Share of the Net OPEB Liability (Asset)
Oregon Public Employees Retirement System (OPEB-RHIA Component)
Last Nine Fiscal Years*
Fiscal Year
2017 2018 2019 2020
Proportion of the net OPEB liability (asset) 0.62% 0.61% 0.63% 0.66%
Proportionate share of the net OPEB liability (asset) $ 167,543 $ (252,752) $ (707,109) $ (1,270,129)
Covered payroll $ 59,447,651 $ 62,728,445 $ 67,106,755 $ 72,086,900
Proportionate share of the net OPEB liability (asset) as a
percentage of covered payroll 0.28% -0.40% -1.05% -1.76%
Plan fiduciary net position as a percentage of the total
OPEB liability 94.15% 108.88% 123.99% 144.36%
*Schedule is intended to show information for 10 years. Additional years will be displayed as they become available.
The amounts presented for each fiscal year was determined as of June 30 of the previous year.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 117
Deschutes County, Oregon FINANCIAL SECTION
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Fiscal Year
2021 2022 2023 2024 2025
0.59% 0.53% 0.47% 0.56% 0.68%
$ (1,204,828) $ (1,834,569) $ (1,656,597) $ (2,035,705) $ (2,740,002)
$ 77,809,516 $ 85,677,368 $ 89,691,054 $ 100,826,363 $ 110,854,539
-1.55% -2.14% -1.85% -2.02% -2.47%
150.07% 183.86% 194.66% 201.60% 220.60%
118 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Schedule of Net OPEB Liability (Asset) Employer Contributions
Oregon Public Employees Retirement System (OPEB-RHIA Component)
Last Nine Fiscal Years*
2017 2018 2019 2020
Contractually required contribution $ 301,513 $ 304,046 $ 325,768 $ 42,226
Contributions in relation to the contractually required
contribution $ 301,513 $ 304,046 $ 325,768 $ 42,226
County’s covered payroll $ 62,728,445 $ 67,106,755 $ 72,086,900 $ 77,809,516
Contributions as a percentage of covered payroll 0.48% 0.45% 0.45% 0.05%
*Schedule is intended to show information for 10 years. Additional years will be displayed as they become available.
The amounts presented for each fiscal year were determined as of June 30 of the current year.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 119
Deschutes County, Oregon FINANCIAL SECTION
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Fiscal Year
2021 2022 2023 2024 2025
$ 14,294 $ 11,491 $ 10,956 $ 2,891 $ 565
$ 14,294 $ 11,491 $ 10,956 $ 2,891 $ 565
$ 85,677,368 $ 89,691,054 $ 100,826,363 $ 110,854,539 $ 113,363,389
0.02% 0.01% 0.01% 0.00% 0.00%
120 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
General Fund
Schedule of Revenues, Expenditures and Changes In Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Taxes - property $ 41,193,000 $ 41,193,000 $ 41,724,259 $ 531,259
Intergovernmental 5,157,150 5,598,680 5,599,812 1,132
Charges for services 1,831,979 1,852,087 2,248,849 396,762
Investment earnings 1,099,687 1,099,687 2,116,756 1,017,069
Payments on contracts of sale 1,133,722 1,133,722 1,115,342 (18,380)
Rentals 785,804 785,804 825,246 39,442
Other - - 628,349 628,349
Fines, forfeitures and penalties 95,000 272,481 328,235 55,754
Licenses and permits 39,500 39,500 48,210 8,710
Contributions and donations 500 500 16,041 15,541
Loan repayments 4,484 4,484 856 (3,628)
Transfers in 13,108,387 17,526,912 16,991,264 (535,648)
Total revenues 64,449,213 69,506,857 71,643,219 2,136,362
Expenditures
Current:
General Government | Assessor 6,709,361 6,709,361 5,883,206 826,155
General Government | Clerk and Elections 2,719,443 2,719,443 2,407,705 311,738
General Government | Code Abatement 490,400 387,996 - 387,996
General Government | Economic Development 347,044 369,104 - 369,104
General Government | Finance Tax Office 1,041,642 1,065,042 1,024,622 40,420
General Government | General County Projects 2,520,955 2,488,955 2,052,901 436,054
General Government | Project Development and
Debt Reserve 3,797,851 3,835,496 968,317 2,867,179
General Government | Property Management 584,094 596,494 576,462 20,032
General Government | Property Value Appeals
Board 93,993 96,193 91,105 5,088
General Government | Non-Departmental 3,462,419 7,367,108 4,031,529 3,335,579
Health and Welfare | Veterans’ Services 1,002,808 1,068,340 985,945 82,395
Public Safety | District Attorney 13,090,813 13,369,290 12,488,561 880,729
Public Safety | Community Justice - Juvenile 9,381,846 9,381,846 8,396,298 985,548
Public Safety | Medical Examiner 466,854 466,854 396,143 70,711
Not allocated to organizational units:
Contingency 14,070,811 15,870,393 - 15,870,393
Transfers out 21,742,538 21,942,874 21,057,982 884,892
Total expenditures 81,522,872 87,734,789 60,360,776 27,374,013
Net change in fund balances (17,073,659) (18,227,932) 11,282,443 29,510,375
Fund balances, budget basis - beginning of year 34,522,268 35,777,186 35,777,179 (7)
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 121
Deschutes County, Oregon FINANCIAL SECTION
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Fund balances, budget basis - end of year $ 17,448,609 $ 17,549,254 47,059,622 $ 29,510,368
Lease receivable 426,165
Unavailable revenue - land auction sales 804,862
Notes and contracts receivable recognized under GAAP (658,649)
Unavailable revenue - contracts of sale (100,000)
Unavailable revenue - lease revenue (399,512)
Unavailable revenue - services provided (1,282)
Unrealized gain (loss) on investments 134,075
Fund balances, GAAP basis - end of year $ 47,265,281
122 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Sheriff’s Office
Schedule of Revenues, Expenditures and Changes In Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Charges for services $ 631,893 $ 914,893 $ 1,058,607 $ 143,714
Contributions and donations 81,115 81,115 65,594 (15,521)
Fines, forfeitures and penalties 192,100 192,100 181,011 (11,089)
Intergovernmental 60,636,466 61,480,980 56,155,852 (5,325,128)
Investment earnings 45,000 45,000 68,548 23,548
Licenses and permits 415,000 415,000 422,049 7,049
Other 82,000 82,000 168,625 86,625
Transfers in 3,751,787 3,751,787 3,751,787 -
Total revenues 65,835,361 66,962,875 61,872,073 (5,090,802)
Expenditures
Current:
Public safety 65,576,861 66,610,275 61,555,058 5,055,217
Not allocated to organizational units:
Transfers out 258,500 352,600 317,015 35,585
Total expenditures 65,835,361 66,962,875 61,872,073 5,090,802
Net change in fund balances - - - -
Fund balances, budget basis - beginning of year - - - -
Fund balances, budget basis - end of year $ - $ - - $ -
Unrealized gain (loss) on investments 707,176
Revenue recognized on GAAP basis, not budgetary basis (654,580)
Unavailable revenue - services provided (52,596)
Fund balances, GAAP basis - end of year $ -
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 123
Deschutes County, Oregon FINANCIAL SECTION
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Countywide Law Enforcement County District
Schedule of Revenues, Expenditures and Changes In Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Investment earnings $ 400,000 $ 400,000 $ 745,622 $ 345,622
Taxes - property 40,366,974 40,366,974 40,255,400 (111,574)
Total revenues 40,766,974 40,766,974 41,001,022 234,048
Expenditures
Current:
Public safety 40,551,448 40,551,448 36,432,849 4,118,599
Not allocated to organizational units:
Contingency 10,932,473 11,662,513 - 11,662,513
Total expenditures 51,483,921 52,213,961 36,432,849 15,781,112
Net change in fund balances (10,716,947) (11,446,987) 4,568,173 16,015,160
Fund balances, budget basis - beginning of year 10,716,947 11,446,987 11,446,987 -
Fund balances, budget basis - end of year $ - $ - 16,015,160 $ 16,015,160
Unrealized gain (loss) on investments (455,908)
Inventory 496,976
Expenditure recognized on GAAP basis, not budgetary basis 463,181
Fund balances, GAAP basis - end of year $ 16,519,409
124 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Rural Law Enforcement County District
Schedule of Revenues, Expenditures and Changes In Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Investment earnings $ 150,000 $ 150,000 $ 296,571 $ 146,571
Taxes - property 16,078,353 16,078,353 16,093,414 15,061
Total revenues 16,228,353 16,228,353 16,389,985 161,632
Expenditures
Current:
Public safety 15,624,705 15,624,705 13,893,886 1,730,819
Not allocated to organizational units:
Contingency 2,266,676 4,723,523 - 4,723,523
Total expenditures 17,891,381 20,348,228 13,893,886 6,454,342
Net change in fund balances (1,663,028) (4,119,875) 2,496,099 6,615,974
Fund balances, budget basis - beginning of year 1,663,028 4,119,875 4,119,874 (1)
Fund balances, budget basis - end of year $ - $ - 6,615,973 $ 6,615,973
Unrealized gain (loss) on investments (188,397)
Inventory 205,364
Expenditure recognized on GAAP basis, not budgetary basis 191,399
Fund balances, GAAP basis - end of year $ 6,824,339
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 125
Deschutes County, Oregon FINANCIAL SECTION
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Road
Schedule of Revenues, Expenditures and Changes In Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Charges for services $ 1,912,351 $ 2,017,736 $ 2,728,270 $ 710,534
Fines, forfeitures and penalties 2,000 2,000 12,873 10,873
Intergovernmental 25,401,283 25,401,283 25,492,630 91,347
Investment earnings 358,000 358,000 568,190 210,190
Loan repayments 5,000 5,000 1,270 (3,730)
Rentals 1,272 1,272 1,298 26
Transfers in 2,089,362 2,089,362 - (2,089,362)
Total revenues 29,769,268 29,874,653 28,804,531 (1,070,122)
Expenditures
Current:
County roads 23,862,868 23,968,253 21,897,723 2,070,530
Not allocated to organizational units:
Contingency 6,532,491 8,041,838 - 8,041,838
Transfers out 10,720,695 10,720,695 8,631,333 2,089,362
Total expenditures 41,116,054 42,730,786 30,529,056 12,201,730
Net change in fund balances (11,346,786) (12,856,133) (1,724,525) 11,131,608
Fund balances, budget basis - beginning of year 11,346,786 12,856,133 12,856,133 -
Fund balances, budget basis - end of year $ - $ - 11,131,608 $ 11,131,608
Unrealized gain (loss) on investments 38,747
Inventory 2,639,742
Unavailable revenue - services provided (8,222)
Fund balances, GAAP basis - end of year $ 13,801,875
126 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Required Supplementary Information
The notes to the required supplementary information are an integral part of this schedule.
Health Services
Schedule of Revenues, Expenditures and Changes In Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Charges for services $ 3,870,930 $ 3,520,853 $ 3,556,746 $ 35,893
Contributions and donations 407,889 933,099 700,290 (232,809)
Intergovernmental 68,808,033 69,697,207 74,988,890 5,291,683
Investment earnings 893,190 893,190 1,747,083 853,893
Rentals 6,500 6,500 6,734 234
Transfers in 14,229,303 12,699,450 7,502,688 (5,196,762)
Total revenues 88,215,845 87,750,299 88,502,431 752,132
Expenditures
Current:
Health and welfare 83,194,980 84,148,302 76,486,003 7,662,299
Not allocated to organizational units:
Contingency 6,447,282 6,985,489 - 6,985,489
Transfers out 8,445,104 6,888,249 1,622,815 5,265,434
Total expenditures 98,087,366 98,022,040 78,108,818 19,913,222
Net change in fund balances (9,871,521) (10,271,741) 10,393,613 20,665,354
Fund balances, budget basis - beginning of year 31,240,605 39,293,952 39,289,636 (4,316)
Fund balances, budget basis - end of year $ 21,369,084 $ 29,022,211 49,683,249 $ 20,661,038
Receivables not recognized on budgetary basis 209,291
Unrealized gain (loss) on investments 128,572
Unavailable revenue - services provided (6,543,823)
Fund balances, GAAP basis - end of year $ 43,477,289
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 127
Deschutes County, Oregon FINANCIAL SECTION
Notes to Required Supplementary Information
Notes to Required Supplementary Information
Note 1 – Adjustments from Budgetary Basis of Accounting to GAAP
Adjustments made from the Budgetary Basis of Accounting to GAAP include the recognition of unrealized gain/
loss on investments, recognition of receivables on GAAP basis (i.e. collections on short-term receivables, not
shown in budget basis), exclusion of receivables from budgetary basis (i.e. grant revenue excluded by GAAP
due to timing of the award), recognition of unavailable revenue on GAAP basis (i.e. revenue included in budget
basis, not collected in 60 days), and the consumption of inventories.
Note 2 – Stewardship, Compliance and Accountability
The Board of County Commissioners adopts a resolution authorizing appropriations, which establishes the level
by which expenditures cannot lawfully exceed appropriations. Within the General Fund, legal appropriations
are established at the department-level for programmatic appropriation with the remaining appropriation
allocated against the fund, in its entirety, as debt service, transfers to other funds, and contingency. Remaining
County funds are not appropriated by department-level, instead each fund is legally authorized appropriations
against programmatic, debt service, special payments, transfers to other funds, and contingency.
Note 3 – Pension Plan Separately Issued Report – Oregon
Public Employees Retirement System
Information concerning the State of Oregon Public Employee Retirement System’s fiduciary performance can
be found at www.oregon.gov/pers.
Note 4 – Other Post Employment Benefit Separately Issued Report – RHIA
Information concerning the State of Oregon Public Employee Retirement System Retiree Health Insurance
Account’s (RHIA’s) fiduciary performance can be found at www.oregon.gov/pers.
128 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
Other Supplementary
Information
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 129
Individual Funds Schedules –
Major Governmental Funds –
Capital Project Funds
130 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Campus Improvement
Schedule of Revenues, Expenditures And Changes In Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts
Variance with
Final Budget Original Final
Actual
Amounts
Revenues
Charges for services $ - $ - $ 26,223 $ 26,223
Intergovernmental 15,000,000 15,000,000 12,490,351 (2,509,649)
Investment earnings 488,000 488,000 1,386,191 898,191
Transfers in 5,692,145 5,903,390 5,538,699 (364,691)
Total revenues 21,180,145 21,391,390 19,441,464 (1,949,926)
Expenditures
Current:
General government 36,011,066 40,282,550 17,481,619 22,800,931
Total expenditures 36,011,066 40,282,550 17,481,619 22,800,931
Net change in fund balances (14,830,921) (18,891,160) 1,959,845 20,851,005
Fund balances, budget basis - beginning of year 16,511,527 22,269,421 22,269,421 -
Fund balances, budget basis - end of year $ 1,680,606 $ 3,378,261 24,229,266 $ 20,851,005
Unrealized gain (loss) on investments 79,085
Fund balances, GAAP basis - end of year $ 24,308,351
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 131
Deschutes County, Oregon FINANCIAL SECTION
Road Capital Improvement Plan
Schedule of Revenues, Expenditures and Changes In Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts
Variance with
Final Budget Original Final
Actual
Amounts
Revenues
Intergovernmental $ 881,339 $ 881,339 $ 890,115 $ 8,776
Investment earnings 476,000 476,000 608,922 132,922
Transfers in 10,631,333 10,631,333 9,015,761 (1,615,572)
Total revenues 11,988,672 11,988,672 10,514,798 (1,473,874)
Expenditures
Current:
County roads 16,323,504 16,323,504 8,402,847 7,920,657
Not allocated to organizational units:
Contingency 11,199,218 11,340,452 - 11,340,452
Total expenditures 27,522,722 27,663,956 8,402,847 19,261,109
Net change in fund balances (15,534,050) (15,675,284) 2,111,951 17,787,235
Fund balances, budget basis - beginning of year 15,534,050 15,675,284 15,675,284 -
Fund balances, budget basis - end of year $ - $ - 17,787,235 $ 17,787,235
Unrealized gain (loss) on investments 50,646
Fund balances, GAAP basis - end of year $ 17,837,881
132 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
Individual Funds Schedules
– Major Proprietary Funds –
Enterprise Funds
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 133
Deschutes County, Oregon FINANCIAL SECTION
Solid Waste
Schedule of Revenues, Expenditures and Changes In Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts
Variance with
Final Budget Original Final
Actual
Amounts
Revenues
Charges for services $ 19,695,001 $ 19,695,001 $ 20,259,241 $ 564,240
Intergovernmental - - 13,455 13,455
Investment earnings 561,000 561,000 900,395 339,395
Other 72,000 72,000 22,184 (49,816)
Transfers in 4,550,000 4,550,000 4,550,000 -
Total revenues 24,878,001 24,878,001 25,745,275 867,274
Expenditures
Current:
County services 20,679,329 20,679,329 14,387,241 6,292,088
Not allocated to organizational units:
Contingency 14,261,925 15,469,342 - 15,469,342
Debt service 2,305,600 2,305,600 2,305,056 544
Transfers out 4,564,141 4,564,141 4,564,141 -
Total expenditures 41,810,995 43,018,412 21,256,438 21,761,974
Net change in fund balances (16,932,994) (18,140,411) 4,488,837 22,629,248
Fund balances, budget basis - beginning of year 19,271,273 20,484,405 21,437,212 952,807
Fund balances, budget basis - end of year $ 2,338,279 $ 2,343,994 25,926,049 $ 23,582,055
Unrealized gain (loss) on investments 65,972
Capital assets (net of accumulated depreciation and amortization) 45,346,805
Deferred charge on refunding 125,220 Deferred outflows of resources - OPEB RHIA 1,913
Deferred outflows of resources - OPEB 335,043
Deferred outflows of resources - pension 1,641,872
Accrued interest (74,180)
Accrued compensated leave (445,294)
Lease payable (11,714)
Other postemployment benefits - RHIA 67,242
Other postemployment benefits (916,499)
Net pension liability (3,948,712)
Bonds (net of unamortized premiums/
discounts) (23,202,752)
Accrued landfill closure and postclosure costs (18,470,436)
Deferred inflows of resources - OPEB RHIA (8,627)
Deferred inflows of resources - OPEB (360,422)
Deferred inflows of resources - pension (326,302)
Net position, GAAP basis - end of year $ 25,745,178
134 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Fair and Expo Center/RV Park
Schedule of Revenues, Expenditures and Changes In Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Charges for services $ 5,943,000 $ 5,943,000 $ 6,295,875 $ 352,875
Intergovernmental 53,167 53,167 53,167 -
Investment earnings 180,000 180,000 256,959 76,959
Other 2,500 2,500 1,608 (892)
Transfers in 2,159,438 2,230,438 2,216,599 (13,839)
Total revenues 8,338,105 8,409,105 8,824,208 415,103
Expenditures
Current:
County services 9,343,627 9,343,627 7,549,814 1,793,813
Not allocated to organizational units:
Contingency 349,686 348,808 - 348,808
Debt service 323,300 323,300 322,507 793
Transfers out 329,819 329,819 329,819 -
Total expenditures 10,346,432 10,345,554 8,202,140 2,143,414
Net change in fund balances (2,008,327) (1,936,449) 622,068 2,558,517
Fund balances, budget basis - beginning of year 6,075,278 6,054,709 6,054,709 -
Fund balances, budget basis - end of year $ 4,066,951 $ 4,118,260 6,676,777 $ 2,558,517
Unrealized gain (loss) on investments 18,432
Prepaid expenses 314,992
Capital assets (net of accumulated depreciation and amortization) 16,937,094
Deferred charge on refunding 2,559
Deferred outflows of resources - OPEB RHIA 846
Deferred outflows of resources - OPEB 148,238
Deferred outflows of resources - pension 726,439
Accrued interest (445)
Unearned revenues (9,633)
Accrued compensated leave (161,364)
Lease payable (1,163)
Other postemployment benefits - RHIA 29,751
Other postemployment benefits (405,499)
Net pension liability (1,747,081)
Bonds (net of unamortized premiums/discounts) (298,510)
Deferred inflows of resources - OPEB RHIA (3,817)
Deferred inflows of resources - OPEB (159,466)
Deferred inflows of resources - pension (144,370)
Net position, GAAP basis - end of year $ 21,923,780
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 135
Individual Funds Schedules –
Proprietary Funds – Internal
Service Fund
136 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Internal Service Fund
Schedule of Revenues, Expenditures and Changes In Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Charges for services $ 61,879,768 $ 68,045,570 $ 68,713,939 $ 668,369
Intergovernmental - - 1,034 1,034
Investment earnings 793,000 638,200 888,175 249,975
Other 25,000 25,000 56,165 31,165
Transfers In 708,699 903,807 903,807 -
Total revenues 63,406,467 69,612,577 70,563,120 950,543
Expenditures
Current:
General Government | Administration 2,421,709 2,421,709 2,334,891 86,818
General Government | Board of County
Commissioners 927,902 927,902 889,926 37,976
General Government | Facilities 6,193,586 6,193,586 5,654,710 538,876
General Government | Finance 3,163,052 3,163,052 2,831,054 331,998
General Government | Health Benefits 33,701,342 38,819,094 35,110,003 3,709,091
General Government | Human Resources 2,361,534 2,361,534 1,986,533 375,001
General Government | Information Technology 5,138,915 5,138,915 4,500,429 638,486
General Government | Information Technology
Reserves 1,014,700 1,014,700 772,764 241,936
General Government | Legal 1,966,604 2,020,804 1,972,475 48,329
General Government | Risk Management 5,599,742 5,631,442 4,358,644 1,272,798
General Government | Vehicle Maintenance and
Replacement 998,500 1,043,608 812,477 231,131
Not allocated to organizational units:
Contingency 17,058,854 17,102,910 - 17,102,910
Transfers out 114,628 264,628 264,628 -
Total expenditures 80,661,068 86,103,884 61,488,534 24,615,350
Net change in fund balances (17,254,601) (16,491,307) 9,074,586 25,565,893
Fund balances, budget basis - beginning of year 17,763,901 17,271,530 17,271,530 -
Fund balances, budget basis - end of year $ 509,300 $ 780,223 26,346,116 $ 25,565,893
Unrealized gain (loss) on investments 74,435
Lease receivable 136,001
Capital assets (net of accumulated depreciation and amortization) 1,093,502
Deferred outflows of resources - OPEB RHIA 4,784
Deferred outflows of resources - OPEB 838,051
Deferred outflows of resources - pension 4,106,815
Accrued compensated leave (1,660,272)
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 137
Deschutes County, Oregon FINANCIAL SECTION
Accrued claims payable (6,001,429)
Lease payable (28,505)
Subscription liabilities (126,733)
Other postemployment benefits - RHIA 168,195
Other postemployment benefits (2,292,461)
Net pension liability (9,877,010)
Deferred inflows of resources - leases (129,471)
Deferred inflows of resources - OPEB RHIA (21,578)
Deferred inflows of resources - OPEB (901,533)
Deferred inflows of resources - pension (816,185)
Net position, GAAP basis - end of year $ 10,912,722
138 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
Combining and Individual Funds
Statements and Schedules –
Nonmajor Governmental Funds
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 139
Deschutes County, Oregon FINANCIAL SECTION
Nonmajor Governmental Funds
Combining Balance Sheet
June 30, 2025
Special
Revenue
Funds
Debt
Service
Fund
Total Nonmajor
Governmental
Funds
ASSETS
Cash and cash equivalents $ 10,889,954 $ - $ 10,889,954
Investments, at fair value, plus accrued interest 46,238,407 - 46,238,407
Taxes receivable 1,959,554 - 1,959,554
Accounts receivable 2,526,653 106,088 2,632,741
Lease receivable - 308,719 308,719
Notes and contracts receivable 11,535 - 11,535
Total assets $ 61,626,103 $ 414,807 $ 62,040,910
LIABILITIES
Accounts payable and other current liabilities $ 5,950,806 $ - $ 5,950,806
Payroll liabilities 670,628 - 670,628
Due to other funds - 106,361 106,361
Unearned revenues 2,353,051 - 2,353,051
Total liabilities 8,974,485 106,361 9,080,846
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - property taxes 194,423 - 194,423
Unavailable revenue - services provided 689,211 - 689,211
Unavailable revenue - leases - 298,863 298,863
Total deferred inflows of resources 883,634 298,863 1,182,497
FUND BALANCES
Restricted 45,751,680 - 45,751,680
Committed 6,016,304 9,583 6,025,887
Total fund balances 51,767,984 9,583 51,777,567
Total liabilities, deferred inflows of resources and fund
balances $ 61,626,103 $ 414,807 $ 62,040,910
140 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2025
Special
Revenue
Funds
Debt
Service
Fund
Total Nonmajor
Governmental
Funds
REVENUES
Taxes - property $ 12,380,251 $ - $ 12,380,251
Taxes - other 12,738,931 - 12,738,931
Licenses and permits 1,725,442 - 1,725,442
Fines, forfeitures and penalties 626,361 - 626,361
Investment earnings (losses) 3,322,943 6,071 3,329,014
Rents - 1,169,310 1,169,310
Charges for services 11,336,688 997,995 12,334,683
Contributions and donations 5,407 - 5,407
Other 1,210 - 1,210
Intergovernmental 28,404,039 173,602 28,577,641
Total revenues 70,541,272 2,346,978 72,888,250
EXPENDITURES
Current:
General government 21,310,221 - 21,310,221
Public safety 19,244,916 - 19,244,916
County roads 9,688,552 - 9,688,552
Debt service:
Principal payments 459,619 3,548,350 4,007,969
Interest 102,239 1,784,972 1,887,211
Trustee fees - 901 901
Capital outlay 4,442,372 - 4,442,372
Total expenditures 55,247,919 5,334,223 60,582,142
Excess (deficiency) of revenues over expenditures 15,293,353 (2,987,245) 12,306,108
OTHER FINANCING SOURCES (USES)
Issuance of long-term debt - leases 367,841 - 367,841
Issuance of long-term debt - subscriptions 45,360 - 45,360
Transfers in 2,022,183 2,960,677 4,982,860
Transfers out (18,665,732) - (18,665,732)
Total other financing sources (uses) (16,230,348) 2,960,677 (13,269,671)
Net change in fund balances (936,995) (26,568) (963,563)
Fund balances - beginning of year, as previously reported 52,538,405 36,151 52,574,556
Changes within the financial reporting entity 166,574 - 166,574
Fund balances - beginning of year, as restated 52,704,979 36,151 52,741,130
Fund balances - end of year $ 51,767,984 $ 9,583 $ 51,777,567
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 141
Combining and Individual Funds
Statements and Schedules –
Nonmajor Governmental Funds
– Special Revenue Funds
142 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Nonmajor Special Revenue Funds
Combining Balance Sheet
June 30, 2025
Justice
Court
Park
Acquisition and
Development County
School Special
Transportation Taylor
Grazing
ASSETS
Cash and cash equivalents $ 5,633 $ 238,696 $ 80 $ 1,273,123 $ 4,169
Investments, at fair value, plus accrued
interest 20,524 1,013,585 338 5,406,141 17,704
Taxes receivable - - - - -
Accounts receivable - 76,248 - 1,341,377 -
Notes and contracts receivable - - - - -
Total assets $ 26,157 $ 1,328,529 $ 418 $ 8,020,641 $ 21,873
LIABILITIES
Accounts payable and other current
liabilities $ 9,209 $ 221 $ - $ 4,820,081 $ -
Payroll liabilities 16,883 - - - -
Unearned revenues - - - - -
Total liabilities 26,092 221 - 4,820,081 -
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - property taxes - - - - -
Unavailable revenue - services provided - - - 27,814 -
Total deferred inflows of resources - - - 27,814 -
FUND BALANCES
Restricted 65 1,328,308 418 3,172,746 21,873
Committed - - - - -
Unassigned - - - - -
Total fund balances 65 1,328,308 418 3,172,746 21,873
Total liabilities, deferred inflow of
resources and fund balances $ 26,157 $ 1,328,529 $ 418 $ 8,020,641 $ 21,873
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 143
Deschutes County, Oregon FINANCIAL SECTION
Transient
Room Tax Video
Lottery Foreclosed
Land Sales Victims’
Assistance Law
Library
County
Clerk
Records
$ 335,944 $ 166,256 $ 23,998 $ 70,600 $ 25,066 $ 54,034
1,426,539 705,981 101,908 299,791 106,438 229,445
1,741,574 - - - - -
- 330,265 - 128,019 - -
- - - - - -
$ 3,504,057 $ 1,202,502 $ 125,906 $ 498,410 $ 131,504 $ 283,479
$ 249,986 $ 158,050 $ 42 $ 60,330 $ - $ -
7,066 - - 19,933 - -
12,379 - - 20,000 - -
269,431 158,050 42 100,263 - -
- - - - - -
11,477 - - 128,019 - -
11,477 - - 128,019 - -
3,223,149 1,044,452 125,864 270,128 131,504 283,479
- - - - - -
- - - - - -
3,223,149 1,044,452 125,864 270,128 131,504 283,479
$ 3,504,057 $ 1,202,502 $ 125,906 $ 498,410 $ 131,504 $ 283,479
144 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Nonmajor Special Revenue Funds
Combining Balance Sheet (continued)
June 30, 2025
Court
Facilities
Deschutes County
Communication
System Reserve
Community
Development
GIS
Dedicated
Natural
Resource
Protection
ASSETS
Cash and cash equivalents $ 1,228 $ 171,813 $ 2,436,478 $ 49,226 $ 457,228
Investments, at fair value, plus accrued
interest 5,216 729,580 10,345,312 209,034 1,941,552
Taxes receivable - - - - -
Accounts receivable 2,023 - - 2,494 154,882
Notes and contracts receivable - - - - -
Total assets $ 8,467 $ 901,393 $ 12,781,790 $ 260,754 $ 2,553,662
LIABILITIES
Accounts payable and other current
liabilities $ - $ - $ 62,112 $ - $ 45,569
Payroll liabilities - - 207,354 7,979 11,806
Unearned revenues - - 57,125 - 622,392
Total liabilities - - 326,591 7,979 679,767
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - property taxes - - - - -
Unavailable revenue - services provided - - - - 30,557
Total deferred inflows of resources - - - - 30,557
FUND BALANCES
Restricted 8,467 - 12,455,199 252,775 1,843,338
Committed - 901,393 - - -
Unassigned - - - - -
Total fund balances 8,467 901,393 12,455,199 252,775 1,843,338
Total liabilities, deferred inflow of
resources and fund balances $ 8,467 $ 901,393 $ 12,781,790 $ 260,754 $ 2,553,662
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 145
Deschutes County, Oregon FINANCIAL SECTION
Surveyor
Public
Land
Corner
Preservation
Countywide
Transportation
SDC Improvement
Fee Dog Control
Adult Parole
and Probation
$ 54,423 $ 202,624 $ 585,065 $ 28,800 $ 470,641
231,099 860,417 2,484,397 122,295
1,998,507
- - - - -
2,674 - - 1,654 -
- - 11,535 - -
$ 288,196 $ 1,063,041 $ 3,080,997 $ 152,749 $ 2,469,148
$ - $ - $ - $ 41,671 $ 42,172
- - - 1,886 143,236
108,649 - - - 133,957
108,649 - - 43,557 319,365
- - - - -
- - 11,535 - -
- - 11,535 - -
179,547 1,063,041 3,069,462 - 2,149,783
- - - 109,192 -
- - - - -
179,547 1,063,041 3,069,462 109,192 2,149,783
$ 288,196 $ 1,063,041 $ 3,080,997 $ 152,749 $ 2,469,148
146 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Nonmajor Special Revenue Funds
Combining Balance Sheet (continued)
June 30, 2025
American
Rescue
Plan Act
PERS
Reserve
Coordinated
Houseless
Response
Office
Deschutes
County
9-1-1
Service District
Extension and
4-H
Service District
Total Nonmajor
Special
Revenue Funds
ASSETS
Cash and cash equivalents $ 185,586 $ 953,655 $ 117,300 $ 2,885,003 $ 93,285 $ 10,889,954
Investments, at fair value, plus
accrued interest 788,064 4,049,563 498,097 12,250,757 396,123 46,238,407
Taxes receivable - - - 205,212 12,768 1,959,554
Accounts receivable - - - 487,017 - 2,526,653
Notes and contracts receivable - - - - - 11,535
Total assets $ 973,650 $ 5,003,218 $ 615,397 $ 15,827,989 $ 502,176 $ 61,626,103
LIABILITIES
Accounts payable and other current
liabilities $ 133,770 $ - $ - $ 191,880 $ 135,713 $ 5,950,806
Payroll liabilities - - - 254,485 - 670,628
Unearned revenues 837,379 - 550,970 10,200 - 2,353,051
Total liabilities 971,149 - 550,970 456,565 135,713 8,974,485
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - property
taxes - - - 183,033 11,390 194,423
Unavailable revenue - services
provided - - - 479,809 - 689,211
Total deferred inflows of resources - - - 662,842 11,390 883,634
FUND BALANCES
Restricted - - 64,427 14,708,582 355,073 45,751,680
Committed 2,501 5,003,218 - - - 6,016,304
Unassigned - - - - - -
Total fund balances 2,501 5,003,218 64,427 14,708,582 355,073 51,767,984
Total liabilities, deferred inflow of
resources and fund balances $ 973,650 $ 5,003,218 $ 615,397 $ 15,827,989 $ 502,176 $ 61,626,103
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 147
Deschutes County, Oregon FINANCIAL SECTION
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2025
Justice
Court
Park
Acquisition and
Development
Park
Development
Fees
County
School
REVENUES
Taxes - property $ - $ - $ -
Taxes - other - - -
Licenses and permits - 17,150 -
Fines, forfeitures and penalties 523,360 - -
Investment earnings (losses) 2,657 60,033 1,503
Charges for services - - -
Contributions and donations - - -
Payments on contracts of sale - - -
Other - - -
Intergovernmental - 331,530 559,120
Total revenues 526,017 408,713 560,623
EXPENDITURES
Current:
General government - 22,295 560,764
Public safety 810,652 - -
County roads - - -
Debt service:
Principal 35,178 - -
Interest 3,211 - -
Capital outlay - - -
Total expenditures 849,041 22,295 560,764
Excess (deficiency) of revenues over
expenditures (323,024) 386,418 (141)
OTHER FINANCING SOURCES (USES)
Issuance of leases payable - - -
Issuance of subscription liabilities - - -
Transfers in 323,301 - -
Transfers out - (190,000) -
Total other financing sources (uses) 323,301 (190,000) -
Net change in fund balances 277 196,418 (141)
Fund balances - beginning of year
As previously reported (212) 1,035,626 $ 96,264 559
Changes within the financial reporting entity - 96,264 (96,264) -
Fund balances - beginning of year, as restated (212) 1,131,890 559
Fund balances - end of year $ 65 $ 1,328,308 $ 418
148 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Special
Transportation
Taylor
Grazing
Transient
Room Tax Video Lottery
$ - $ - $ - $ -
- - 12,738,931 -
- - - -
- - - -
366,675 1,680 145,614 36,004
- - 609 -
- - - -
- - - -
- - - -
5,692,807 8,831 - 1,335,758
6,059,482 10,511 12,885,154 1,371,762
- - 5,862,938 983,401
- - - -
8,731,912 - - -
- - - -
- - - -
- - - -
8,731,912 - 5,862,938 983,401
(2,672,430) 10,511 7,022,216 388,361
- - - -
- - - -
- - - -
- (30,000) (8,439,250) (500,000)
- (30,000) (8,439,250) (500,000)
(2,672,430) (19,489) (1,417,034) (111,639)
5,845,176 41,362 4,446,840 1,156,091
- - 193,343 -
5,845,176 41,362 4,640,183 1,156,091
$ 3,172,746 $ 21,873 $ 3,223,149 $ 1,044,452
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 149
Deschutes County, Oregon FINANCIAL SECTION
Nonmajor Special Revenue Funds (continued)
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2025
Transient
Room Tax-1%
Foreclosed
Land
Sales
Victims’
Assistance
Law Library
REVENUES
Taxes - property $ - $ - $ -
Taxes - other - - -
Licenses and permits - - -
Fines, forfeitures and penalties - - -
Investment earnings (losses) 7,193 15,719 7,262
Charges for services 800 74,052 -
Contributions and donations - - -
Payments on contracts of sale - - -
Other - - -
Intergovernmental - 454,469 177,272
Total revenues 7,993 544,240 184,534
EXPENDITURES
Current:
General government 28,457 - 187,148
Public safety - 1,161,319 -
County roads - - -
Debt service:
Principal - - -
Interest - - -
Capital outlay - - -
Total expenditures 28,457 1,161,319 187,148
Excess (deficiency) of revenues over expenditures (20,464) (617,079) (2,614)
OTHER FINANCING SOURCES (USES)
Issuance of leases payable - - -
Issuance of subscription liabilities - - -
Transfers in - 713,887 -
Transfers out - - -
Total other financing sources (uses) - 713,887 -
Net change in fund balances (20,464) 96,808 (2,614)
Fund balances - beginning of year
As previously reported $ 193,343 146,328 173,320 134,118
Changes within the financial reporting entity (193,343) - - -
Fund balances - beginning of year, as restated 146,328 173,320 134,118
Fund balances - end of year $ 125,864 $ 270,128 $ 131,504
150 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
County Clerk
Records
Court
Facilities
Deschutes County
Communication
System Reserve
Community
Development
$ - $ - $ - $ -
- - - -
- - - -
- 76,386 - 24,755
14,112 49 21,232 648,143
72,954 - - 9,801,911
- - - -
- - - -
- - - -
- - 500,000 43,675
87,066 76,435 521,232 10,518,484
115,429 - - 9,653,429
- 68,500 - -
- - - -
- - - 49,704
- - - 2,705
- - - -
115,429 68,500 - 9,705,838
(28,363) 7,935 521,232 812,646
- - - -
- - - -
- - - 121,876
- - - -
- - - 121,876
(28,363) 7,935 521,232 934,522
311,842 532 380,161 11,309,073
- - - 211,604
311,842 532 380,161 11,520,677
$ 283,479 $ 8,467 $ 901,393 $ 12,455,199
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 151
Deschutes County, Oregon FINANCIAL SECTION
Nonmajor Special Revenue Funds (continued)
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2025
CDD
Groundwater
Partnership
Newberry
Neighborhood
GIS
Dedicated
Natural
Resource
Protection
REVENUES
Taxes - property $ - $ -
Taxes - other - -
Licenses and permits - -
Fines, forfeitures and penalties - -
Investment earnings (losses) 16,717 120,857
Charges for services 206,073 83,960
Contributions and donations - -
Payments on contracts of sale - -
Other - -
Intergovernmental 8,612 1,165,479
Total revenues 231,402 1,370,296
EXPENDITURES
Current:
General government 326,228 1,040,016
Public safety - -
County roads - -
Debt service:
Principal - -
Interest - -
Capital outlay - -
Total expenditures 326,228 1,040,016
Excess (deficiency) of revenues over expenditures (94,826) 330,280
OTHER FINANCING SOURCES (USES)
Issuance of leases payable - -
Issuance of subscription liabilities - -
Transfers in - 63,750
Transfers out - (7,560)
Total other financing sources (uses) - 56,190
Net change in fund balances (94,826) 386,470
Fund balances - beginning of year
As previously reported $ 23,958 $ 187,646 347,601 1,456,868
Changes within the financial reporting entity (23,958) (187,646) - -
Fund balances - beginning of year, as restated 347,601 1,456,868
Fund balances - end of year $ 252,775 $ 1,843,338
152 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Federal
Forest Title
III Surveyor
Public Land
Corner
Preservation
Countywide
Transportation
SDC Imp
$ - $ - $ - $ -
- - - -
- 221,276 - 1,245,050
- - - -
3,290 18,344 69,866 143,346
- 37,708 297,179 -
- - - -
- - - -
- - - -
- - - -
3,290 277,328 367,045 1,388,396
13,161 287,947 - -
- - - -
- - 510,867 -
- - - -
- - - -
- - - -
13,161 287,947 510,867 -
(9,871) (10,619) (143,822) 1,388,396
- - - -
- - - -
- - - -
- - - (384,428)
- - - (384,428)
(9,871) (10,619) (143,822) 1,003,968
9,871 190,166 1,206,863 2,065,494
- - - -
9,871 190,166 1,206,863 2,065,494
$ - $ 179,547 $ 1,063,041 $ 3,069,462
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 153
Deschutes County, Oregon FINANCIAL SECTION
Nonmajor Special Revenue Funds (continued)
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2025
Dog Control
Adult Parole
& Probation
American
Rescue
Plan Act
PERS
Reserve
REVENUES
Taxes - property $ - $ - $ - $ -
Taxes - other - - - -
Licenses and permits 241,966 - - -
Fines, forfeitures and penalties 1,860 - - -
Investment earnings (losses) 7,875 164,430 318,263 254,694
Charges for services - 104,189 - -
Contributions and donations 5,407 - - -
Payments on contracts of sale - - - -
Other - - - -
Intergovernmental - 6,269,782 9,539,196 -
Total revenues 257,108 6,538,401 9,857,459 254,694
EXPENDITURES
Current:
General government 359,008 - 983,443 849
Public safety - 7,304,911 - -
County roads - - - -
Debt service:
Principal - 4,866 - -
Interest - 534 - -
Capital outlay - - - -
Total expenditures 359,008 7,310,311 983,443 849
Excess (deficiency) of revenues over expenditures (101,900) (771,910) 8,874,016 253,845
OTHER FINANCING SOURCES (USES)
Issuance of leases payable - - - -
Issuance of subscription liabilities - - - -
Transfers in 96,000 703,369 - -
Transfers out - (76,405) (9,038,089) -
Total other financing sources (uses) 96,000 626,964 (9,038,089) -
Net change in fund balances (5,900) (144,946) (164,073) 253,845
Fund balances - beginning of year
As previously reported 115,092 2,294,729 - 4,749,373
Changes within the financial reporting entity - - 166,574 -
Fund balances - beginning of year, as restated 115,092 2,294,729 166,574 4,749,373
Fund balances - end of year $ 109,192 $ 2,149,783 $ 2,501 $ 5,003,218
154 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Coordinated
Houseless Response
Office
Deschutes County
9-1-1
Service District
Extension and 4-H
Service District
Deschutes
County
Road Agency
Total Nonmajor
Special
Revenue Funds
$ - $ 11,656,595 $ 723,656 $ - $ 12,380,251
- - - - 12,738,931
- - - - 1,725,442
- - - - 626,361
36,744 813,206 27,435 - 3,322,943
- 657,253 - - 11,336,688
- - - - 5,407
- 222 14 - 236
- 974 - - 974
155,783 1,715,952 - 445,773 28,404,039
192,527 14,844,202 751,105 445,773 70,541,272
155,784 - 729,924 - 21,310,221
- 9,899,534 - - 19,244,916
- - - 445,773 9,688,552
- 321,752 48,119 - 459,619
- 83,633 12,156 - 102,239
- 4,442,372 - - 4,442,372
155,784 14,747,291 790,199 445,773 55,247,919
36,743 96,911 (39,094) - 15,293,353
- 367,841 - - 367,841
- 45,360 - - 45,360
- - - - 2,022,183
- - - - (18,665,732)
- 413,201 - - (16,230,348)
36,743 510,112 (39,094) - (936,995)
27,684 14,198,470 394,167 - 52,538,405
- - - - 166,574
27,684 14,198,470 394,167 - 52,704,979
$ 64,427 $ 14,708,582 $ 355,073 $ - $ 51,767,984
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 155
Deschutes County, Oregon FINANCIAL SECTION
Justice Court
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Fines, forfeitures and penalties $ 504,200 $ 504,200 $ 523,360 $ 19,160
Investment earnings 2,000 2,000 2,380 380
Transfers in 380,521 380,521 323,301 (57,220)
Total revenues 886,721 886,721 849,041 (37,680)
Expenditures
Current:
Public safety 819,797 863,097 849,041 14,056
Not allocated to organizational units:
Contingency 66,924 23,624 - 23,624
Total expenditures 886,721 886,721 849,041 37,680
Net change in fund balances - - - -
Fund balances, budget basis - beginning of year - - - -
Fund balances, budget basis - end of year $ - $ - - $ -
Unrealized gain (loss) on investments 65
Fund balances, GAAP basis - end of year $ 65
156 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Park Acquisition and Development
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Intergovernmental $ 350,000 $ 350,000 $ 331,530 $ (18,470)
Investment earnings 30,000 30,000 43,705 13,705
Licenses and permits 5,000 5,000 17,150 12,150
Total revenues 385,000 385,000 392,385 7,385
Expenditures
Current:
General government 585,229 586,958 22,295 564,663
Not allocated to organizational units:
Contingency 886,847 753,042 - 753,042
Transfers out 190,000 190,000 190,000 -
Total expenditures 1,662,076 1,530,000 212,295 1,317,705
Net change in fund balances (1,277,076) (1,145,000) 180,090 1,325,090
Fund balances, budget basis - beginning of year 1,277,076 1,145,000 1,145,000 -
Fund balances, budget basis - end of year $ - $ - 1,325,090 $ 1,325,090
Unrealized gain (loss) on investments 3,218
Fund balances, GAAP basis - end of year $ 1,328,308
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 157
Deschutes County, Oregon FINANCIAL SECTION
County School Fund
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Intergovernmental $ 693,000 $ 693,000 $ 559,120 $ (133,880)
Investment earnings 1,000 1,000 1,495 495
Total revenues 694,000 694,000 560,615 (133,385)
Expenditures
Current:
General government 694,000 694,566 560,764 133,802
Total expenditures 694,000 694,566 560,764 133,802
Net change in fund balances - (566) (149) 417
Fund balances, budget basis - beginning of year - 566 566 -
Fund balances, budget basis - end of year $ - $ - 417 $ 417
Unrealized gain (loss) on investments 1
Fund balances, GAAP basis - end of year $ 418
158 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Special Transportation Fund
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Intergovernmental $ 5,584,593 $ 5,584,593 $ 5,720,621 $ 136,028
Investment earnings 279,000 279,000 263,180 (15,820)
Total revenues 5,863,593 5,863,593 5,983,801 120,208
Expenditures
Current:
County roads 14,447,482 11,795,100 8,731,912 3,063,188
Total expenditures 14,447,482 11,795,100 8,731,912 3,063,188
Net change in fund balances (8,583,889) (5,931,507) (2,748,111) 3,183,396
Fund balances, budget basis - beginning of year 8,583,889 5,931,507 5,931,507 -
Fund balances, budget basis - end of year $ - $ - 3,183,396 $ 3,183,396
Unrealized gain (loss) on investments 17,164
Unavailable revenue - services provided (27,814)
Fund balances, GAAP basis - end of year $ 3,172,746
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 159
Deschutes County, Oregon FINANCIAL SECTION
Taylor Grazing
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Intergovernmental $ 5,000 $ 5,000 $ 8,831 $ 3,831
Investment earnings 1,000 1,000 1,111 111
Total revenues 6,000 6,000 9,942 3,942
Expenditures
Current:
General government 6,294 6,294 - 6,294
Not allocated to organizational units:
Transfers out 11,500 41,581 30,000 11,581
Total expenditures 17,794 47,875 30,000 17,875
Net change in fund balances (11,794) (41,875) (20,058) 21,817
Fund balances, budget basis - beginning of year 11,794 41,875 41,875 -
Fund balances, budget basis - end of year $ - $ - 21,817 $ 21,817
Unrealized gain (loss) on investments 56
Fund balances, GAAP basis - end of year $ 21,873
160 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Transient Room Tax
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Investment earnings $ 68,000 $ 68,000 $ 99,249 $ 31,249
Charges for services - - 609 609
Taxes - other 12,100,000 12,332,800 12,538,518 205,718
Total revenues 12,168,000 12,400,800 12,638,376 237,576
Expenditures
Current:
General government 5,736,054 5,897,854 5,862,938 34,916
Not allocated to organizational units:
Transfers out 8,431,946 8,502,946 8,439,250 63,696
Total expenditures 14,168,000 14,400,800 14,302,188 98,612
Net change in fund balances (2,000,000) (2,000,000) (1,663,812) 336,188
Fund balances, budget basis - beginning of year 2,000,000 3,163,809 3,163,812 3
Fund balances, budget basis - end of year $ - $ 1,163,809 1,500,000 $ 336,191
Unavailable revenue - services provided (11,477)
Unrealized gain (loss) on investments 4,529
Accrued taxes 1,730,097
Fund balances, GAAP basis - end of year $ 3,223,149
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 161
Deschutes County, Oregon FINANCIAL SECTION
Video Lottery
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Intergovernmental $ 1,370,000 $ 1,370,000 $ 1,335,758 $ (34,242)
Investment earnings 22,000 22,000 21,636 (364)
Total revenues 1,392,000 1,392,000 1,357,394 (34,606)
Expenditures
Current:
General government 877,601 993,451 983,401 10,050
Not allocated to organizational units:
Contingency 1,122,808 1,066,767 - 1,066,767
Transfers out 500,000 500,000 500,000 -
Total expenditures 2,500,409 2,560,218 1,483,401 1,076,817
Net change in fund balances (1,108,409) (1,168,218) (126,007) 1,042,211
Fund balances, budget basis - beginning of year 1,108,409 1,168,218 1,168,218 -
Fund balances, budget basis - end of year $ - $ - 1,042,211 $ 1,042,211
Unrealized gain (loss) on investments 2,241
Fund balances, GAAP basis - end of year $ 1,044,452
162 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Foreclosed Land Sales
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Charges for services $ - $ - $ 800 $ 800
Investment earnings 5,000 5,000 5,054 54
Total revenues 5,000 5,000 5,854 854
Expenditures
Current:
General government 131,143 131,143 28,457 102,686
Not allocated to organizational units:
Contingency 9,046 22,000 - 22,000
Total expenditures 140,189 153,143 28,457 124,686
Net change in fund balances (135,189) (148,143) (22,603) 125,540
Fund balances, budget basis - beginning of year 135,189 148,143 148,143 -
Fund balances, budget basis - end of year $ - $ - 125,540 $ 125,540
Unrealized gain (loss) on investments 324
Fund balances, GAAP basis - end of year $ 125,864
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 163
Deschutes County, Oregon FINANCIAL SECTION
Victims’ Assistance
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Contributions and donations $ - $ - $ 74,052 $ 74,052
Intergovernmental 541,770 541,770 338,362 (203,408)
Investment earnings 2,000 2,000 11,686 9,686
Transfers in 713,887 713,887 713,887 -
Total revenues 1,257,657 1,257,657 1,137,987 (119,670)
Expenditures
Current:
Public safety 1,499,693 1,499,693 1,161,319 338,374
Not allocated to organizational units:
Contingency 119,975 178,490 - 178,490
Total expenditures 1,619,668 1,678,183 1,161,319 516,864
Net change in fund balances (362,011) (420,526) (23,332) 397,194
Fund balances, budget basis - beginning of year 362,011 420,526 420,527 1
Fund balances, budget basis - end of year $ - $ - 397,195 $ 397,195
Unavailable revenue - services provided (128,019)
Unrealized gain (loss) on investments 952
Fund balances, GAAP basis - end of year $ 270,128
164 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Law Library
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Intergovernmental $ 177,272 $ 177,272 $ 177,272 $ -
Investment earnings 5,000 5,000 5,261 261
Total revenues 182,272 182,272 182,533 261
Expenditures
Current:
General government 304,620 304,620 187,148 117,472
Not allocated to organizational units:
Contingency 13,519 13,434 - 13,434
Total expenditures 318,139 318,054 187,148 130,906
Net change in fund balances (135,867) (135,782) (4,615) 131,167
Fund balances, budget basis - beginning of year 135,867 135,782 135,781 (1)
Fund balances, budget basis - end of year $ - $ - 131,166 $ 131,166
Unrealized gain (loss) on investments 338
Fund balances, GAAP basis - end of year $ 131,504
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 165
Deschutes County, Oregon FINANCIAL SECTION
County Clerk Records
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Charges for services $ 70,450 $ 70,450 $ 72,954 $ 2,504
Investment earnings 8,190 8,190 9,516 1,326
Total revenues 78,640 78,640 82,470 3,830
Expenditures
Current:
General government 133,170 133,170 115,429 17,741
Not allocated to organizational units:
Contingency 254,792 261,181 - 261,181
Total expenditures 387,962 394,351 115,429 278,922
Net change in fund balances (309,322) (315,711) (32,959) 282,752
Fund balances, budget basis - beginning of year 309,322 315,711 315,710 (1)
Fund balances, budget basis - end of year $ - $ - 282,751 $ 282,751
Unrealized gain (loss) on investments 728
Fund balances, GAAP basis - end of year $ 283,479
166 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Court Facilities
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Fines, forfeitures and penalties $ 68,500 $ 68,500 $ 76,386 $ 7,886
Investment earnings (losses) - - 25 25
Total revenues 68,500 68,500 76,411 7,911
Expenditures
Current:
Public safety 68,500 69,039 68,500 539
Total expenditures 68,500 69,039 68,500 539
Net change in fund balances - (539) 7,911 8,450
Fund balances, budget basis - beginning of year - 539 539 -
Fund balances, budget basis - end of year $ - $ - 8,450 $ 8,450
Unrealized gain (loss) on investments 17
Fund balances, GAAP basis - end of year $ 8,467
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 167
Deschutes County, Oregon FINANCIAL SECTION
Deschutes County Communication System Reserve
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Intergovernmental $ - $ - $ 500,000 $ 500,000
Investment earnings 9,000 9,000 14,202 5,202
Total revenues 9,000 9,000 514,202 505,202
Expenditures
Current:
Public safety - - - -
Total expenditures - - - -
Net change in fund balances 9,000 9,000 514,202 505,202
Fund balances, budget basis - beginning of year 285,000 384,875 384,875 -
Fund balances, budget basis - end of year $ 294,000 $ 393,875 899,077 $ 505,202
Unrealized gain (loss) on investments 2,316
Fund balances, GAAP basis - end of year $ 901,393
168 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Community Development
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Charges for services $ 9,318,782 $ 9,318,782 $ 9,801,911 $ 483,129
Fines, forfeitures and penalties 5,000 5,000 24,755 19,755
Intergovernmental 60,956 60,956 43,675 (17,281)
Investment earnings 362,000 362,000 468,369 106,369
Transfers in 461,542 2,525,572 121,876 (2,403,696)
Total revenues 10,208,280 12,272,310 10,460,586 (1,811,724)
Expenditures
Current:
General government 10,060,295 10,227,066 9,705,838 521,228
Not allocated to organizational units:
Contingency 1,040,985 305,691 - 305,691
Transfers out 261,542 2,325,572 - 2,325,572
Total expenditures 11,362,822 12,858,329 9,705,838 3,152,491
Net change in fund balances (1,154,542) (586,019) 754,748 1,340,767
Fund balances, budget basis - beginning of year 11,057,000 11,667,607 11,667,604 (3)
Fund balances, budget basis - end of year $ 9,902,458 $ 11,081,588 12,422,352 $ 1,340,764
Unrealized gain (loss) on investments 32,847
Fund balances, GAAP basis - end of year $ 12,455,199
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 169
Deschutes County, Oregon FINANCIAL SECTION
GIS Dedicated
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Charges for services $ 198,000 $ 198,000 $ 206,073 $ 8,073
Intergovernmental 8,000 8,000 8,612 612
Investment earnings 18,000 18,000 11,675 (6,325)
Total revenues 224,000 224,000 226,360 2,360
Expenditures
Current:
General government 383,934 383,934 326,228 57,706
Not allocated to organizational units:
Contingency 183,628 192,045 - 192,045
Total expenditures 567,562 575,979 326,228 249,751
Net change in fund balances (343,562) (351,979) (99,868) 252,111
Fund balances, budget basis - beginning of year 343,562 351,979 351,979 -
Fund balances, budget basis - end of year $ - $ - 252,111 $ 252,111
Unrealized gain (loss) on investments 664
Fund balances, GAAP basis - end of year $ 252,775
170 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Natural Resource Protection
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Charges for services $ 110,000 $ 110,000 $ 83,960 $ (26,040)
Intergovernmental 1,277,940 1,277,940 919,005 (358,935)
Investment earnings 59,000 59,000 85,496 26,496
Transfers in 45,250 75,331 63,750 (11,581)
Total revenues 1,492,190 1,522,271 1,152,211 (370,060)
Expenditures
Current:
General government 1,746,038 1,746,038 1,040,016 706,022
Not allocated to organizational units:
Contingency 1,641,232 1,531,769 - 1,531,769
Transfers out 7,560 7,560 7,560 -
Total expenditures 3,394,830 3,285,367 1,047,576 2,237,791
Net change in fund balances (1,902,640) (1,763,096) 104,635 1,867,731
Fund balances, budget basis - beginning of year 1,902,640 1,763,096 1,763,096 -
Fund balances, budget basis - end of year $ - $ - 1,867,731 $ 1,867,731
Unavailable revenue - services provided (30,557)
Unrealized gain (loss) on investments 6,164
Fund balances, GAAP basis - end of year $ 1,843,338
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 171
Deschutes County, Oregon FINANCIAL SECTION
Federal Forest Title III
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Intergovernmental $ 90,000 $ 90,000 $ - $ (90,000)
Investment earnings 4,000 4,000 2,489 (1,511)
Total revenues 94,000 94,000 2,489 (91,511)
Expenditures
Current:
General government 120,000 120,000 67,919 52,081
Not allocated to organizational units:
Contingency 56,123 39,430 - 39,430
Total expenditures 176,123 159,430 67,919 91,511
Net change in fund balances (82,123) (65,430) (65,430) -
Fund balances, budget basis - beginning of year 82,123 65,430 65,430 -
Fund balances, budget and GAAP basis - end of year $ - $ - $ - $ -
172 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Surveyor
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Charges for services $ 39,070 $ 39,070 $ 37,708 $ (1,362)
Investment earnings 9,000 9,000 14,678 5,678
Licenses and permits 202,736 202,736 221,276 18,540
Total revenues 250,806 250,806 273,662 22,856
Expenditures
Current:
General government 292,343 292,343 287,947 4,396
Not allocated to organizational units:
Contingency 157,345 151,561 - 151,561
Total expenditures 449,688 443,904 287,947 155,957
Net change in fund balances (198,882) (193,098) (14,285) 178,813
Fund balances, budget basis - beginning of year 198,882 193,098 193,098 -
Fund balances, budget basis - end of year $ - $ - 178,813 $ 178,813
Unrealized gain (loss) on investments 734
Fund balances, GAAP basis - end of year $ 179,547
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 173
Deschutes County, Oregon FINANCIAL SECTION
Public Land Corner Preservation
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Charges for services $ 241,677 $ 241,677 $ 297,177 $ 55,500
Investment earnings 45,000 45,000 52,167 7,167
Total revenues 286,677 286,677 349,344 62,667
Expenditures
Current:
County roads 411,248 516,633 510,867 5,766
Not allocated to organizational units:
Contingency 1,111,003 991,874 - 991,874
Total expenditures 1,522,251 1,508,507 510,867 997,640
Net change in fund balances (1,235,574) (1,221,830) (161,523) 1,060,307
Fund balances, budget basis - beginning of year 1,235,574 1,221,830 1,221,832 2
Fund balances, budget basis - end of year $ - $ - 1,060,309 $ 1,060,309
Unrealized gain (loss) on investments 2,732
Fund balances, GAAP basis - end of year $ 1,063,041
174 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Countywide Transportation SDC Improvement Fee
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Investment earnings $ 122,000 $ 122,000 $ 109,575 $ (12,425)
Licenses and permits 1,504,000 1,504,000 1,223,453 (280,547)
Total revenues 1,626,000 1,626,000 1,333,028 (292,972)
Expenditures
Not allocated to organizational units:
Contingency 1,623,077 1,738,974 - 1,738,974
Transfers out 2,000,000 2,000,000 384,428 1,615,572
Total expenditures 3,623,077 3,738,974 384,428 3,354,546
Net change in fund balances (1,997,077) (2,112,974) 948,600 3,061,574
Fund balances, budget basis - beginning of year 1,997,077 2,112,974 2,112,974 -
Fund balances, budget basis - end of year $ - $ - 3,061,574 $ 3,061,574
Unavailable revenue - services provided -
Unrealized gain (loss) on investments 7,888
Fund balances, GAAP basis - end of year $ 3,069,462
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 175
Deschutes County, Oregon FINANCIAL SECTION
Dog Control
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Contributions and donations $ 5,000 $ 5,000 $ 5,407 $ 407
Fines, forfeitures and penalties - - 1,860 1,860
Investment earnings 3,000 3,000 5,504 2,504
Licenses and permits 251,900 251,900 241,966 (9,934)
Transfers in 96,000 96,000 96,000 -
Total revenues 355,900 355,900 350,737 (5,163)
Expenditures
Current:
General government 405,984 408,784 359,008 49,776
Not allocated to organizational units:
Contingency 31,000 64,191 - 64,191
Total expenditures 436,984 472,975 359,008 113,967
Net change in fund balances (81,084) (117,075) (8,271) 108,804
Fund balances, budget basis - beginning of year 81,084 117,075 117,075 -
Fund balances, budget basis - end of year $ - $ - 108,804 $ 108,804
Unrealized gain (loss) on investments 388
Fund balances, GAAP basis - end of year $ 109,192
176 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Adult Parole and Probation
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Charges for services $ 110,500 $ 110,500 $ 104,189 $ (6,311)
Fines, forfeitures and penalties - - - -
Intergovernmental 6,140,157 6,140,157 6,269,782 129,625
Investment earnings 73,000 73,000 125,990 52,990
Transfers in 703,369 703,369 703,369 -
Total revenues 7,027,026 7,027,026 7,203,330 176,304
Expenditures
Current:
Public safety 8,371,685 8,371,685 7,310,311 1,061,374
Not allocated to organizational units:
Contingency 680,000 506,824 - 506,824
Transfers out 76,405 76,405 76,405 -
Total expenditures 9,128,090 8,954,914 7,386,716 1,568,198
Net change in fund balances (2,101,064) (1,927,888) (183,386) 1,744,502
Fund balances, budget basis - beginning of year 2,500,000 2,326,824 2,326,824 -
Fund balances, budget basis - end of year $ 398,936 $ 398,936 2,143,438 $ 1,744,502
Unrealized gain (loss) on investments 6,345
Fund balances, GAAP basis - end of year $ 2,149,783
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 177
Deschutes County, Oregon FINANCIAL SECTION
American Rescue Plan Act
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Intergovernmental $ 8,510,978 $ 9,543,295 $ 9,539,196 $ (4,099)
Investment earnings 134,000 183,392 183,392 -
Total revenues 8,644,978 9,726,687 9,722,588 (4,099)
Expenditures
Current:
General government 4,022,833 987,540 983,443 4,097
Not allocated to organizational units:
Transfers out 4,622,145 9,038,089 9,038,089 -
Total expenditures 8,644,978 10,025,629 10,021,532 4,097
Net change in fund balances - (298,942) (298,944) (2)
Fund balances, budget basis - beginning of year - 298,942 298,943 1
Fund balances, budget basis - end of year $ - $ - (1) $ (1)
Unrealized gain (loss) on investments 2,502
Fund balances, GAAP basis - end of year $ 2,501
178 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
PERS Reserve
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Investment earnings $ 151,000 $ 151,000 $ 182,939 $ 31,939
Total revenues 151,000 151,000 182,939 31,939
Expenditures
Current:
General government 1,000 1,000 849 151
Total expenditures 1,000 1,000 849 151
Net change in fund balances 150,000 150,000 182,090 32,090
Fund balances, budget basis - beginning of year 4,815,000 4,808,271 4,808,271 -
Fund balances, budget basis - end of year $ 4,965,000 $ 4,958,271 4,990,361 $ 32,090
Unrealized gain (loss) on investments 12,857
Fund balances, GAAP basis - end of year $ 5,003,218
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 179
Deschutes County, Oregon FINANCIAL SECTION
Coordinated Houseless Response Office
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Charges for services $ 2,000 $ 2,000 $ - $ (2,000)
Intergovernmental 730,000 730,000 155,783 (574,217)
Investment earnings 20,000 20,000 26,168 6,168
Total revenues 752,000 752,000 181,951 (570,049)
Expenditures
Current:
General government 505,130 505,130 155,784 349,346
Total expenditures 505,130 505,130 155,784 349,346
Net change in fund balances 246,870 246,870 26,167 (220,703)
Fund balances, budget basis - beginning of year - 36,679 36,679 -
Fund balances, budget basis - end of year $ 246,870 $ 283,549 62,846 $ (220,703)
Unrealized gain (loss) on investments 1,581
Fund balances, GAAP basis - end of year $ 64,427
180 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Deschutes County 9-1-1 County Service District
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Charges for services $ 618,400 $ 618,400 $ 657,253 $ 38,853
Intergovernmental 2,042,500 2,042,500 2,195,761 153,261
Investment earnings 426,000 426,000 601,312 175,312
Other 1,000 1,000 974 (26)
Payments on contracts of sale - - 222 222
Taxes - property 11,646,000 11,646,000 11,656,595 10,595
Transfers in 515,000 515,000 - (515,000)
Total revenues 15,248,900 15,248,900 15,112,117 (136,783)
Expenditures
Current:
Public safety 17,254,619 17,254,619 14,334,090 2,920,529
Not allocated to organizational units:
Contingency 5,188,631 7,984,725 - 7,984,725
Transfers out 515,000 515,000 - 515,000
Total expenditures 22,958,250 25,754,344 14,334,090 11,420,254
Net change in fund balances (7,709,350) (10,505,444) 778,027 11,283,471
Fund balances, budget basis - beginning of year 13,160,074 14,371,465 14,371,468 3
Fund balances, budget basis - end of year $ 5,450,724 $ 3,866,021 15,149,495 $ 11,283,474
Unvailable revenue - services provided (479,809)
Unrealized gain (loss) on investments 38,896
Fund balances, GAAP basis - end of year $ 14,708,582
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 181
Deschutes County, Oregon FINANCIAL SECTION
Extension and 4-H County Service District
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Investment earnings $ 14,000 $ 14,000 $ 21,005 $ 7,005
Payments on contracts of sale - - 14 14
Taxes - property 720,000 720,000 723,656 3,656
Total revenues 734,000 734,000 744,675 10,675
Expenditures
Current:
General government 771,160 771,160 729,924 41,236
Not allocated to organizational units:
Contingency 272,124 301,903 - 301,903
Debt service 60,276 60,276 60,275 1
Total expenditures 1,103,560 1,133,339 790,199 343,140
Net change in fund balances (369,560) (399,339) (45,524) 353,815
Fund balances, budget basis - beginning of year 369,560 399,339 399,339 -
Fund balances, budget basis - end of year $ - $ - 353,815 $ 353,815
Unrealized gain (loss) on investments 1,258
Fund balances, GAAP basis - end of year $ 355,073
182 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Deschutes County Road Agency
Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Actual
Amounts
Variance with
Final Budget Original Final
Revenues
Intergovernmental $ 672,162 $ 672,162 $ 445,773 $ (226,389)
Total revenues 672,162 672,162 445,773 (226,389)
Expenditures
Current:
County roads 672,162 672,162 445,773 226,389
Total expenditures 672,162 672,162 445,773 226,389
Net change in fund balances - - - -
Fund balances, budget basis - beginning of year - - - -
Fund balances, budget and GAAP basis - end of year $ - $ - $ - $ -
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 183
Combining and Individual Funds
Statements and Schedules –
Nonmajor Governmental Funds –
Debt Service Fund
184 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Debt Service Fund - Nonmajor Debt Service Fund
Schedule of Revenues, Expenditures and Changes In Fund Balances
Budget and Actual
For the Fiscal Year Ended June 30, 2025
Budgeted Amounts Variance
with
Final Budget Original Final
Actual
Amounts
Revenues
Charges for services $ 998,200 $ 998,200 $ 997,995 $ (205)
Intergovernmental 173,600 173,600 173,600 -
Rentals 1,210,700 1,202,200 1,201,949 (251)
Transfers in 2,955,500 2,964,000 2,960,679 (3,321)
Total revenues 5,338,000 5,338,000 5,334,223 (3,777)
Expenditures
Current:
General government 3,500 3,500 901 2,599
Not allocated to organizational units:
Debt service 5,334,500 5,334,500 5,333,322 1,178
Total expenditures 5,338,000 5,338,000 5,334,223 3,777
Net change in fund balances - - - -
Fund balances, budget basis - beginning of year 537,174 257,174 - (257,174)
Fund balances, budget basis - end of year $ 537,174 $ 257,174 - $ (257,174)
Unrealized gain (loss) on investments (273)
Lease receivable 308,719
Unavailable lease revenue (298,863)
Fund balances, GAAP basis - end of year $ 9,583
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 185
Combining and Individual Funds
Statements and Schedules –
Fiduciary Funds
186 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Fiduciary Funds
Combining Statement of Fiduciary Net Position
June 30, 2025
Taxes and
Fees
Miscellaneous
Custodial
Funds
Total
Custodial
Funds
Assets
Cash and cash equivalents $ 869,577 $ 902,212 $ 1,771,789
Investments, at fair value; plus accrued interest 3,692,531 3,831,118 7,523,649
Taxes receivable for other governments 7,567,256 - 7,567,256
Accounts receivable 129,762 4,810 134,572
Notes receivable 446,220 - 446,220
Prepaid expenses 8,809 - 8,809
Total assets 12,714,155 4,738,140 17,452,295
Liabilities
Accounts payable 54,121 107,531 161,652
Deposits 193,685 4,307,653 4,501,338
Due to other governments 8,374,096 272,013 8,646,109
Unearned revenue - land auction sales 446,220 - 446,220
Unearned revenue - services 123,299 - 123,299
Total liabilities 9,191,421 4,687,197 13,878,618
Net Position
Restricted for:
Individuals, organizations, and other governments 3,522,734 50,943 3,573,677
Total net position $ 3,522,734 $ 50,943 $ 3,573,677
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 187
Deschutes County, Oregon FINANCIAL SECTION
Fiduciary Funds
Combining Statement of Changes in Fiduciary Net Position
For the Fiscal Year Ended June 30, 2025
Taxes and
Fees
Miscellaneous
Custodial
Funds
Total
Custodial
Funds
Additions
Investment earnings
Interest on land sale loans $ 25,422 $ - $ 25,422
Net increase in fair value of investments 398,858 61,985 460,843
Property tax collections for other governments 549,037,623 - 549,037,623
Fines, forfeitures and penalties 766,684 851,618 1,618,302
Collections for services provided to other governments 145,806 - 145,806
Charges for services 3,089,408 - 3,089,408
Other 2,014 - 2,014
Total additions 553,465,815 913,603 554,379,418
Deductions
Payment of property taxes to other governments 547,958,424 - 547,958,424
Payment of services to other governments (2) 835,099 835,097
Public safety 4,170,939 - 4,170,939
Total deductions 552,129,361 835,099 552,964,460
Change in fiduciary net position 1,336,454 78,504 1,414,958
Net position - beginning 2,186,280 (27,561) 2,158,719
Net position - ending $ 3,522,734 $ 50,943 $ 3,573,677
188 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
T h e p a g e I n t e n t i o n a l l y l e f t b l a n k
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 189
Other Financial
Schedules
190 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Schedule of Property Tax Transactions - All County Taxes
June 30, 2025
Tax Year
Beginning
Balance and FY
2025 Levy Adjustments
Interest
(Discount)
Turnovers
from County
Treasurer
Taxes Receivable
June 30, 2025
FY 2015 & Prior $ 93,071 $ (3,028) $ 23,995 $ 73,025 $ 41,013
FY 2016 (36,285) (2,986) 4,832 9,871 (44,310)
FY 2017 19,498 (2,996) 2,804 6,181 13,125
FY 2018 31,387 (3,612) 3,147 7,927 22,995
FY 2019 52,714 (6,482) 9,497 23,879 31,850
FY 2020 87,863 (22,708) 25,279 37,877 52,557
FY 2021 306,662 (26,658) 88,022 289,118 78,908
FY 2022 1,061,149 (44,638) 209,981 884,706 341,786
FY 2023 1,845,016 (65,996) 169,080 946,867 1,001,233
FY 2024 5,536,335 (256,431) 324,523 3,461,381 2,143,046
FY 2025 563,623,778 (353,386) (14,733,196) 542,728,060 5,809,136
TOTALS $ 572,621,188 $ (788,921) $ (13,872,036) 548,468,892 $ 9,491,339
Other Distributions:
Interest earned on unsegregated taxes 284,407
Other tax distribution and credits (407,987)
TOTAL CASH COLLECTIONS $ 548,345,312
Summary of Taxes Receivable at June 30, 2025:
Deschutes County
General Fund $ 737,424
Special Revenue Funds 1,186,660
Other Taxing Jurisdictions 7,567,255
$ 9,491,339
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 191
Deschutes County, Oregon FINANCIAL SECTION
Schedule of Long-Term Debt Principal Transactions
For the Fiscal Year Ended June 30, 2025
Series Date of Issue
Final
Maturity
Date
Amount of
Original Issue
Outstanding
June 30, 2024
Bonds Called
and Matured
Outstanding
June 30, 2025
Pension Bonds
Series 2002 03/28/2002 06/01/2028 $ 5,429,586 $ 1,850,000 $ - $ 1,850,000
Series 2004 05/27/2004 06/01/2028 7,090,000 2,810,000 700,000 2,110,000
Total Pension Bonds 12,519,586 4,660,000 700,000 3,960,000
Refunding Series 2019 03/12/2019 06/01/2028 6,455,000 3,215,000 750,000 2,465,000
Refunding Series 2021 09/02/2021 12/01/2032 15,325,000 12,610,000 1,320,000 11,290,000
Refunding Series 2023 12/05/2023 06/01/2044 24,095,000 23,820,000 825,000 22,995,000
Series 2022 08/30/2022 06/01/2043 18,220,000 17,670,000 580,000 17,090,000
Total Bonds 64,095,000 57,315,000 3,475,000 53,840,000
Refunding Series 2015 12/08/2015 12/01/2026 3,775,000 510,800 445,900 64,900
Refunding Series 2016 05/25/2016 06/01/2027 6,277,000 1,829,000 601,000 1,228,000
Total Notes 10,052,000 2,339,800 1,046,900 1,292,900
Total Long-Term Debt $ 86,666,586 $ 64,314,800 $ 5,221,900 $ 59,092,900
192 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Schedule of Long-Term Debt Interest Transactions
Year Ended June 30, 2025
Series
Interest
Rates on
Outstanding
Balances
Outstanding
June 30, 2024
Coupons Called
and Matured
Outstanding
June 30, 2025
Pension Bonds
Series 2002 6.85% $ 360,310 $ 126,725 $ 233,585
Series 2004 6.10% 408,975 171,270 237,705
Total Pension Bonds 769,285 297,995 471,290
Bonds
Series 2013 4.50% - - -
Refunding Series 2019 5.00% 411,000 160,750 250,250
Refunding Series 2021 1.40% 817,589 168,495 649,094
Refunding Series 2023 5.00% 13,430,500 1,191,000 12,239,500
Series 2022 5.00% 10,106,750 883,500 9,223,250
Total Bonds 24,765,839 2,403,745 22,362,094
Notes from Direct Borrowings
Refunding Series 2015 2.49% 8,777 7,167 1,610
Refunding Series 2016 1.68% 61,740 30,727 31,013
Total Notes 70,517 37,894 32,623
Total Long-Term Debt $ 25,605,641 $ 2,739,634 $ 22,866,007
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 193
Deschutes County, Oregon FINANCIAL SECTION
Schedule of Future Debt Service Requirements of Pension Obligation Bonds
June 30, 2025
Year of
Maturity
Total Requirements Series 2002 Series 2004
Principal Interest Total Principal Interest Principal Interest
2026 $ 1,465,000 $ 255,330 $ 1,720,330 $ 685,000 $ 126,725 $ 780,000 $ 128,605
2027 1,640,000 160,867 1,800,867 770,000 79,803 870,000 81,064
2028 855,000 55,093 910,093 395,000 27,057 460,000 28,036
$ 3,960,000 $ 471,290 $ 4,431,290 $ 1,850,000 $ 233,585 $ 2,110,000 $ 237,705
194 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Schedule of Future Debt Service Requirements of Full Faith and Credit Bonds and Direct
Borrowings
Governmental Activities
June 30, 2025
Year of
Maturity
Total Requirements Series 2019 Ref Series 2021 Series 2023
Principal Interest Total Principal Interest Principal Interest Principal Interest
2026 $ 2,715,414 $ 1,391,031 $ 4,106,445 $ 785,000 $ 123,250 $ 1,060,414 $ 118,031 $ 870,000 $ 1,149,750
2027 2,807,240 1,293,245 4,100,485 820,000 84,000 1,072,240 102,995 915,000 1,106,250
2028 2,899,066 1,191,293 4,090,359 860,000 43,000 1,084,066 87,793 955,000 1,060,500
2029 2,104,834 1,085,147 3,189,981 - - 1,099,834 72,397 1,005,000 1,012,750
2030 2,174,545 1,019,250 3,193,795 - - 1,119,545 56,750 1,055,000 962,500
2031 2,245,313 950,604 3,195,917 - - 1,135,313 40,854 1,110,000 909,750
2032 2,323,965 878,929 3,202,894 - - 1,158,965 24,679 1,165,000 854,250
2033 2,390,792 804,255 3,195,047 - - 1,170,792 8,255 1,220,000 796,000
2034 1,285,000 735,000 2,020,000 - - - - 1,285,000 735,000
2035 1,345,000 670,750 2,015,750 - - - - 1,345,000 670,750
2036 1,410,000 603,500 2,013,500 - - - - 1,410,000 603,500
2037 1,485,000 533,000 2,018,000 - - - - 1,485,000 533,000
2038 1,560,000 458,750 2,018,750 - - - - 1,560,000 458,750
2039 1,120,000 380,750 1,500,750 - - - - 1,120,000 380,750
2040 1,175,000 324,750 1,499,750 - - - - 1,175,000 324,750
2041 1,235,000 266,000 1,501,000 - - - - 1,235,000 266,000
2042 1,295,000 204,250 1,499,250 - - - - 1,295,000 204,250
2043 1,360,000 139,500 1,499,500 - - - - 1,360,000 139,500
2044 1,430,000 71,500 1,501,500 - - - - 1,430,000 71,500
$ 34,361,169 $ 13,001,504 $ 47,362,673 $ 2,465,000 $ 250,250 $ 8,901,169 $ 511,754 $ 22,995,000 $ 12,239,500
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 195
Deschutes County, Oregon FINANCIAL SECTION
Schedule of Future Debt Service Requirements of Full Faith and Credit Bonds and Direct
Borrowings
Business Type Activities
June 30, 2025
Year of
Maturity
Total Requirements
Direct Borrowing -
2015
Direct Borrowing -
2016 Refunding Series 2021 Series 2022
Principal Interest Total Principal Interest Principal Interest Principal Interest Principal Interest
2026 $ 1,532,286 $ 908,015 $ 2,440,301 $ 32,700 $ 1,209 $ 610,000 $ 20,630 $ 284,586 $ 31,676 $ 605,000 $ 854,500
2027 1,577,960 862,675 2,440,635 32,200 401 618,000 10,383 287,760 27,641 640,000 824,250
2028 960,934 815,811 1,776,745 - - - - 290,934 23,561 670,000 792,250
2029 1,000,166 778,179 1,778,345 - - - - 295,166 19,429 705,000 758,750
2030 1,040,455 738,730 1,779,185 - - - - 300,455 15,230 740,000 723,500
2031 1,079,687 697,464 1,777,151 - - - - 304,687 10,964 775,000 686,500
2032 1,126,035 654,373 1,780,408 - - - - 311,035 6,623 815,000 647,750
2033 1,169,208 609,216 1,778,424 - - - - 314,208 2,216 855,000 607,000
2034 900,000 564,250 1,464,250 - - - - - - 900,000 564,250
2035 940,000 519,250 1,459,250 - - - - - - 940,000 519,250
2036 990,000 472,250 1,462,250 - - - - - - 990,000 472,250
2037 1,040,000 422,750 1,462,750 - - - - - - 1,040,000 422,750
2038 1,090,000 370,750 1,460,750 - - - - - - 1,090,000 370,750
2039 1,145,000 316,250 1,461,250 - - - - - - 1,145,000 316,250
2040 1,200,000 259,000 1,459,000 - - - - - - 1,200,000 259,000
2041 1,265,000 199,000 1,464,000 - - - - - - 1,265,000 199,000
2042 1,325,000 135,750 1,460,750 - - - - - - 1,325,000 135,750
2043 1,390,000 69,500 1,459,500 - - - - - - 1,390,000 69,500
$ 20,771,731 $ 9,393,213 $ 30,164,944 $ 64,900 $ 1,610 $ 1,228,000 $ 31,013 $ 2,388,831 $ 137,340 $ 17,090,000 $ 9,223,250
196 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
FINANCIAL SECTION Deschutes County, Oregon
Schedule of Cash Receipts and Turnovers - Elected Officials
June 30, 2025
County
Assessor
County
Clerk
County
District
Attorney
Justice of the
Peace
County
Sheriff Total
Cash as of June 30, 2024 $ - $ - $ 5,000 $ 18,103 $ 1,535,211 $ 1,558,314
Receipts:
Grants and funding 830,680 - 474,500 - 5,090,674 6,395,854
Fines and fees 37,831 1,583,352 28,424 523,360 2,036,578 4,209,545
Other - - 8,332 - 378,117 386,449
Total receipts 868,511 1,583,352 511,256 523,360 7,505,369 10,991,848
Turnovers:
County Treasurer (868,511) (1,583,352) (511,256) (515,371) (7,163,606) (10,642,096)
Total turnovers (868,511) (1,583,352) (511,256) (515,371) (7,163,606) (10,642,096)
Cash as of June 30, 2025 $ - $ - $ 5,000 $ 26,092 $ 1,876,974 $ 1,908,066
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 197
T h e p a g e I n t e n t i o n a l l y l e f t b l a n k
STATISTICALSTATISTICALSECTION
ANNUAL COMPREHENSIVE FINANCIAL REPORT
DESCHUTES COUNTY, OREGON
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 199
DESCHUTES COUNTY, OREGON
TABLE OF CONTENTS
Statistical Section
This part of Deschutes County’s statistical comprehensive annual financial report presents detailed
information as a context for understanding what the information in the financial statements, note
disclosures, and required supplementary information says about the County’s overall health.
Sources:
Unless otherwise noted, the information in these schedules is derived from the published annual comprehensive
financial reports for the relevant year.
Page
Financial Trends 200
These schedules contain trend information to help the reader understand how the County’s
financial performance and well-being have changed overtime.
Revenue Capacity 211
These schedules contain information to help the reader assess the County’s most significant
local revenue source, the property tax.
Debt Capacity 217
These schedules present information to help the reader assess the affordability of the
County’s current levels of outstanding debt and the County’s ability to issue additional
debt in the future.
Demographic and Economic Information 225
These schedules offer demographic and economic indicators to help the reader
understanding the environment within which the County’s financial activities take place.
Operating Information 227
These schedules contain service and infrastructure data to help the reader understand how
the information in the County’s financial report relates to the services the County provides
and the activities it performs.
200 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
STATISTICAL SECTION Deschutes County, Oregon
Net Position by Component - Last Ten Fiscal Years
(accrual basis of accounting)
Fiscal Year
2016 2017 2018 2019 2020
Governmental activities
Net investment in capital assets $ 101,724,105 $ 108,576,334 $ 113,719,602 $ 115,293,413 $ 121,372,936
Restricted 60,999,381 60,223,775 51,604,150 66,660,268 75,890,142
Unrestricted (9,004,273) (10,585,809) (13,117,584) (11,495,168) (14,936,196)
Total governmental activities net
position $ 153,719,213 $ 158,214,300 $ 152,206,168 $ 170,458,513 $ 182,326,882
Business-type activities
Net investment in capital assets $ 33,549,044 $ 35,249,434 $ 37,025,828 $ 35,942,205 $ 38,733,640
Restricted 257,743 - - - -
Unrestricted (4,431,920) (3,895,146) (2,045,078) 1,559,167 (1,509,993)
Total business-type activities net
position $ 29,374,867 $ 31,354,288 $ 34,980,750 $ 37,501,372 $ 37,223,647
Primary government
Net investment in capital assets $ 135,273,150 $ 143,825,768 $ 150,745,430 $ 151,235,618 $ 160,106,576
Restricted 61,257,124 60,223,775 51,604,150 66,660,268 75,890,142
Unrestricted (13,436,194) (14,480,955) (15,162,662) (9,936,001) (16,446,189)
Total primary government net position $ 183,094,080 $ 189,568,588 $ 187,186,918 $ 207,959,885 $ 219,550,529
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 201
Deschutes County, Oregon STATISTICAL SECTION
Fiscal Year
2021 2022 2023 2024 2025
$ 126,591,425 $ 135,284,761 $ 161,842,824 $ 179,244,593 $ 207,238,139
86,559,219 90,450,775 86,626,839 102,213,751 125,412,153
(29,395,513) (28,233,666) (42,654,861) (53,796,060) (46,774,746)
$ 183,755,131 $ 197,501,870 $ 205,814,802 $ 227,662,284 $ 285,875,546
$ 37,856,359 $ 35,830,576 $ 23,964,066 $ 37,443,048 $ 38,897,539
- - 13,974,687 17,778,135 18,567,429
3,784,281 7,281,323 6,500,623 (11,030,626) (9,796,010)
$ 41,640,640 $ 43,111,899 $ 44,439,376 $ 44,190,557 $ 47,668,958
$ 164,447,785 $ 171,115,338 $ 185,806,890 $ 216,687,641 $ 246,135,678
86,559,219 90,450,775 100,601,526 119,991,886 143,979,582
(25,611,232) (20,952,344) (36,154,238) (64,826,686) (56,570,756)
$ 225,395,771 $ 240,613,769 $ 250,254,178 $ 271,852,841 $ 333,544,504
202 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
STATISTICAL SECTION Deschutes County, Oregon
Changes in Net Position - Last Ten Fiscal Years
(accrual basis of accounting)
Fiscal Year
2016 2017 2018 2019 2020
Expenses
Governmental activities:
General government $ 35,463,814 $ 30,011,545 $ 36,105,776 $ 32,523,927 $ 50,607,355
Public safety 74,941,547 65,276,283 64,258,765 70,253,604 70,086,827
County roads 18,269,586 17,627,051 18,122,984 17,645,717 17,743,525
Health and welfare 43,850,703 39,370,403 50,068,445 45,086,737 45,728,065
Interest and fiscal charges 2,284,295 2,175,774 2,104,761 2,024,851 1,808,997
Total governmental activities expenses 174,809,945 154,461,056 170,660,730 167,534,837 185,974,769
Business-type activities:
Solid waste 9,272,404 10,028,102 10,131,364 9,047,200 12,526,176
Fair and expo center/RV park* - - - - -
Fair and expo center 4,290,630 4,173,908 4,504,592 5,085,859 4,759,772
RV park 477,924 407,928 411,993 409,672 420,191
Total business-type activities expenses 14,040,958 14,609,937 15,047,948 14,542,731 17,706,139
Total primary government expenses $ 188,850,903 $ 169,070,993 $ 185,708,679 $ 182,077,568 $ 203,680,908
Program Revenues
Governmental activities:
Charges for services:
General government $ 18,675,554 $ 16,435,374 $ 16,271,509 $ 15,487,329 $ 16,303,016
Public safety 5,620,314 6,765,336 4,653,489 3,870,888 2,981,327
County roads 19,168,851 19,082,452 21,577,005 24,081,955 25,465,962
Health and welfare 2,021,579 1,940,978 2,683,447 2,892,082 3,161,716
Operating grants and contributions 42,990,874 40,087,120 52,587,330 53,767,845 59,658,417
Capital grants and contributions 7,003,178 1,084,073 1,918,307 30,000 145,584
Total governmental program revenues 95,480,350 85,395,333 99,691,086 100,130,099 107,716,021
Business-type activities:
Charges for services:
Solid waste 8,865,019 9,791,844 11,187,151 11,421,763 13,486,467
Fair and expo center/ RV park* - - - - -
Fair and expo center 2,500,139 2,710,373 2,511,127 3,085,338 1,790,111
RV park 408,513 384,279 438,716 476,365 652,568
Operating grants and contributions 53,667 570,037 786,895 107,740 57,496
Capital grants and contributions - - - - -
Total business-type program revenues 11,827,338 13,456,534 14,923,889 15,091,206 15,986,642
Total primary government program
revenues $ 107,307,688 $ 98,851,866 $ 114,614,975 $ 115,221,305 $ 123,702,663
Net (Expense)/Revenue
Governmental activities $ (79,329,594) $ (69,065,723) $ (70,969,644) $ (67,404,738) $ (78,258,747)
Business-type activities (2,213,620) (1,153,403) (124,060) 548,475 (2,260,820)
Total primary government net expense $ (81,543,214) $ (70,219,127) $ (71,093,704) $ (66,856,263) $ (80,519,567)
Years prior to FY 2023 may not foot due to rounding.
*Beginning in FY 2025, Fair and expo center and RV park were consolidated into one reporting fund.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 203
Deschutes County, Oregon STATISTICAL SECTION
Fiscal Year
2021 2022 2023 2024 2025
$ 49,428,669 $ 48,556,006 $ 66,921,909 $ 34,521,844 $ 57,251,250
85,546,513 86,849,152 107,370,842 107,768,750 85,676,598
25,488,902 22,046,884 10,167,800 35,000,781 35,859,987
62,685,989 55,636,443 66,433,425 76,969,969 77,446,852
1,497,982 838,400 1,296,674 1,547,824 1,867,608
224,648,055 213,926,885 252,190,650 255,809,168 258,102,295
9,911,481 13,075,084 13,762,327 19,875,561 18,175,536
- - - - 8,467,650
3,018,117 4,509,320 5,938,023 6,883,063 -
420,836 368,229 436,441 493,271 -
13,350,434 17,952,633 20,136,791 27,251,895 26,643,186
$ 237,998,489 $ 231,879,518 $ 272,327,441 $ 283,061,063 $ 284,745,481
$ 18,863,342 $ 20,031,444 $ 18,320,916 $ 15,208,367 $ 30,418,435
3,968,606 2,822,080 4,952,871 5,859,723 5,128,619
28,723,520 27,343,594 27,039,616 30,635,504 30,587,732
3,994,244 3,173,349 4,486,491 5,042,923 3,121,080
77,638,551 83,007,298 98,552,785 92,606,334 100,553,549
93,134 - - - 12,490,351
133,281,397 136,377,765 153,352,679 149,352,851 182,299,766
13,486,467 13,991,671 14,099,929 17,380,055 20,281,425
- - - - 6,306,770
1,790,111 3,608,410 4,816,455 5,330,890 -
652,568 584,135 577,063 526,442 -
57,496 53,167 53,167 53,167 66,622
- - - - -
15,986,642 18,237,383 19,546,614 23,290,554 26,654,817
$ 149,268,038 $ 154,615,148 $ 172,899,293 $ 172,643,405 $ 208,954,583
$ (91,366,658) $ (77,549,119) $ (98,837,971) $ (106,456,317) $ (75,802,529)
2,636,207 284,751 (590,177) (3,961,341) 11,631
$ (88,730,451) $ (77,264,368) $ (99,428,148) $ (110,417,658) $ (75,790,898)
204 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
STATISTICAL SECTION Deschutes County, Oregon
Changes in Net Position - Last Ten Fiscal Years
(accrual basis of accounting)
Fiscal Year
2016 2017 2018 2019 2020
General Revenues and Other
Changes in Net Position
Governmental activities:
Taxes
Property taxes, general purpose
levy $ 33,533,883 $ 35,363,260 $ 36,746,058 $ 38,353,835 $ 40,987,718
Property taxes, sheriff services levy 29,508,509 31,128,138 33,028,808 35,960,629 38,315,278
Property taxes, bonded debt levy 84,233 - - - -
Transient room tax 6,068,098 6,408,477 7,011,471 7,829,489 7,560,467
Investment earnings 1,643,757 1,351,378 1,940,860 5,151,181 4,888,442
Transfers (513,431) (690,447) (631,722) (1,638,051) (1,624,789)
Loss on discontinued project - - - - -
Total governmental activities 70,325,049 73,560,806 78,095,475 85,657,083 90,127,116
Business-type activities:
Taxes
Property taxes, bonded debt levy 2,555,831 2,368,281 - - -
Investment earnings 94,674 74,094 129,837 334,098 358,306
Special item - - 3,369,910 - -
Transfers 513,431 690,447 631,722 1,638,050 1,624,789
Total business-type activities 3,163,935 3,132,822 4,131,469 1,972,148 1,983,094
Total primary government $ 73,488,985 $ 76,693,630 $ 82,226,944 $ 87,629,231 $ 92,110,210
Change in Net Position
Governmental activities $ (9,004,545) $ 4,495,083 $ 7,125,831 $ 18,252,345 $ 11,868,368
Business-type activities 950,315 1,979,419 4,007,409 2,520,623 (277,725)
Total primary government $ (8,054,229) $ 6,474,504 $ 11,133,240 $ 20,772,968 $ 11,590,643
Years prior to FY 2023 may not foot due to rounding
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 205
Deschutes County, Oregon STATISTICAL SECTION
Fiscal Year
2021 2022 2023 2024 2025
$ 42,614,194 $ 44,873,558 $ 47,364,947 $ 51,751,786 $ 54,143,075
39,843,081 41,208,892 44,320,775 53,933,341 56,426,064
- - - - -
11,431,704 13,114,807 12,597,706 12,438,741 12,738,933
648,532 (6,112,054) 4,612,463 11,982,540 14,722,447
(1,742,604) (1,789,344) (1,744,988) (1,802,609) (1,872,639)
- - - - -
92,794,907 91,295,859 107,150,903 128,303,799 136,157,880
- - - - -
38,182 (602,836) 172,666 1,909,913 1,602,196
- - - - -
1,742,604 1,789,344 1,744,988 1,802,609 1,872,639
1,780,786 1,186,508 1,917,654 3,712,522 3,474,835
$ 94,575,692 $ 92,482,367 $ 109,068,557 $ 132,016,321 $ 139,632,715
$ 1,428,248 $ 13,746,739 $ 8,312,932 $ 21,847,482 $ 60,355,351
4,416,993 1,471,259 1,327,477 (248,819) 3,486,466
$ 5,845,242 $ 15,217,998 $ 9,640,409 $ 21,598,663 $ 63,841,817
206 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
STATISTICAL SECTION Deschutes County, Oregon
Fund Balances - Governmental Funds - Last Ten Fiscal Years
(modified accrual basis of accounting)
Fiscal Year
2016 2017 2018 2019 2020
General Fund
Nonspendable $ 498,337 $ 469,020 $ 445,442 $ 144,473 $ 148,609
Committed 3,944,405 7,505,074 10,670,276 13,048,013 7,557,563
Assigned 6,311,144 5,369,619 6,598,027 6,743,043 7,362,270
Unassigned 10,620,333 10,483,020 11,461,766 12,458,530 13,620,704
Total General Fund $ 21,374,220 $ 23,826,733 $ 29,175,511 $ 32,394,059 $ 28,689,146
All Other Governmental Funds
Nonspendable $ 2,663,703 $ 2,859,789 $ 1,786,302 $ 2,475,033 $ 2,690,983
Restricted, reported in:
Special revenue funds 71,847,628 65,125,286 67,996,477 76,263,618 81,399,756
Capital projects funds - 7,809,685 9,542,598 17,794,245 25,086,097
Debt service funds - - - - -
Total Restricted 71,847,628 72,934,971 77,539,075 94,057,863 106,485,853
Committed, reported in:
Special revenue funds 11,491,305 13,469,571 14,715,465 16,713,561 2,867,188
Capital projects funds - - - - 4,928,892
Debt service funds 472,561 558,106 661,151 837,063 959,032
Total Committed 11,963,866 14,027,677 15,376,615 17,550,624 8,755,111
Unassigned, reported in:
Special revenue funds - - - - (39,033)
Capital projects funds - - - - -
Debt service funds - - - - -
Total Unassigned - - - - (39,033)
Total all other governmental funds $ 86,475,197 $ 89,822,437 $ 94,701,992 $ 114,083,519 $ 117,892,914
Years prior to FY 2023 may not foot due to rounding
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 207
Deschutes County, Oregon STATISTICAL SECTION
Fiscal Year
2021 2022 2023 2024 2025
$ 35,563 $ 80,692 $ 46,213 $ 47,062 $ 46,213
9,963,834 6,980,581 5,698,988 11,065,027 13,017,246
8,243,592 8,563,836 9,575,220 11,546,677 11,509,476
15,023,889 13,398,279 13,426,082 15,227,096 22,692,346
$ 33,266,878 $ 29,023,388 $ 28,746,503 $ 37,885,862 $ 47,265,281
$ 2,671,413 $ 3,041,475 $ 2,653,108 $ 2,798,174 $ 3,342,082
103,846,578 107,048,554 101,304,951 108,091,056 123,032,510
23,497,961 26,356,205 22,594,529 30,034,095 34,795,237
- - - - -
127,344,538 133,404,759 123,899,480 138,125,151 157,827,747
4,900,652 4,770,913 4,854,127 5,411,200 6,016,304
4,380,450 8,403,325 5,866,734 6,607,522 7,350,995
466,933 384,965 449,066 36,151 9,583
9,748,035 13,559,203 11,169,927 12,054,873 13,376,882
- (695,542) (13,004) (212) -
- - - - -
- - - - -
- (695,542) (13,004) (212) -
$ 139,763,986 $ 149,309,895 $ 137,709,511 $ 152,977,986 $ 174,546,711
208 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
STATISTICAL SECTION Deschutes County, Oregon
Changes in Fund Balances - Governmental Funds - Last Ten Fiscal Years
(modified accrual basis of accounting)
Fiscal Year
2016 2017 2018 2019 2020
Revenues
Taxes $ 69,254,662 $ 72,725,317 $ 76,915,410 $ 82,039,791 $ 86,964,729
Licenses and permits 1,513,320 1,804,402 1,658,904 1,846,647 1,827,973
Fines, forfeitures and penalties 1,666,944 1,600,649 1,466,676 1,525,703 1,315,245
Special assessments 85,439 70,655 66,830 60,172 24,635
Interest and rents 3,191,867 3,042,808 3,555,878 6,254,855 6,127,824
Intergovernmental 102,449,003 92,313,282 105,988,087 111,616,358 116,778,213
Charges for services 16,657,205 18,295,208 19,115,410 17,409,307 19,549,186
Other 1,268,489 1,073,927 875,507 1,577,098 2,240,573
Total revenues 196,086,929 190,926,249 209,642,702 222,329,931 234,828,378
Expenditures
General government 26,813,546 26,361,777 29,061,175 30,624,676 51,467,588
Public safety 91,353,457 86,897,612 93,072,384 97,971,830 105,095,862
County roads 15,351,922 16,195,155 14,241,574 13,601,142 13,934,215
Health and welfare 36,778,966 38,856,976 46,636,552 41,929,068 44,960,663
Education 610,125 263,106 - - -
Debt service
Principal 3,015,338 2,895,157 3,013,331 9,963,729 2,619,154
Interest 2,259,334 2,151,095 2,079,976 2,021,171 1,909,000
Trustee fees - 2,500 2,375 106,325 1,600
Debt issuance costs - - - - -
Capital outlay 7,675,279 10,376,297 7,506,798 10,105,264 12,913,134
Total expenditures 183,857,968 183,999,674 195,614,166 206,323,204 232,901,216
Excess of revenues over (under)
expenditures 12,228,961 6,926,574 14,028,536 16,006,728 1,927,163
Other Financing Sources (Uses)
Issuance of long-term debt - leases - - - - -
Issuance of long-term debt -
subscriptions - - - - -
Transfers in 10,564,827 23,284,540 18,339,320 28,268,112 33,312,721
Transfers out (12,403,247) (24,593,177) (19,240,045) (29,876,180) (35,135,401)
Debt issuance 1,911,626 - - 7,512,685 -
Bond premium/discount - - - - -
Payments to escrow agent (1,904,328) - - - -
Increase/(decrease) in inventory 98,478 181,815 (155,630) 688,731 -
Total other financing sources (uses) (1,732,643) (1,126,822) (1,056,355) 6,593,348 (1,822,681)
Net change in fund balances $ 10,496,318 $ 5,799,752 $ 12,972,180 $ 22,600,076 $ 104,482
Debt service as a percentage of
noncapital expenditures 3.0% 2.9% 2.7% 2.7% 2.1%
Prior year totals may not foot due to rounding.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 209
Deschutes County, Oregon STATISTICAL SECTION
Fiscal Year
2021 2022 2023 2024 2025
$ 94,124,509 $ 99,264,276 $ 104,114,587 $ 117,874,095 $ 123,191,182
2,208,566 2,488,528 2,176,998 2,235,960 2,195,701
1,312,788 794,023 806,401 895,908 1,148,480
7,403 9,883 3,924 6,051 -
2,547,298 (3,256,047) 6,316,328 12,970,056 15,497,312
149,475,326 148,713,344 172,492,922 167,436,724 203,578,845
22,925,825 21,902,984 25,944,677 20,992,982 21,384,263
826,662 2,322,915 1,855,725 983,206 2,691,208
273,428,375 272,239,905 313,711,562 323,394,982 369,686,991
41,583,698 43,069,730 53,755,442 37,996,318 37,782,985
112,852,658 126,981,617 142,877,533 146,857,447 149,445,519
14,026,795 17,933,913 19,589,948 25,558,649 25,221,568
53,777,680 53,038,068 63,853,309 67,056,809 76,791,557
- - - - -
3,728,510 3,633,793 3,370,177 4,518,234 4,868,975
1,590,121 1,316,978 1,107,238 1,440,854 2,066,659
1,200 850 1,550 900 901
- - - 165,170 -
17,541,502 19,055,501 42,214,342 40,071,611 38,497,290
245,102,163 265,030,448 326,769,539 323,665,992 334,675,454
28,326,212 7,209,457 (13,057,977) (271,010) 35,011,537
- - 1,258,453 5,732,447 570,228
- - 1,855,136 241,427 457,521
21,904,660 32,384,479 36,264,492 34,373,156 37,197,339
(23,782,068) (34,291,517) (38,197,373) (36,340,955) (39,709,157)
- - - 24,095,000 -
- - - 2,497,687 -
- - - (5,919,918) -
- - - - -
(1,877,408) (1,907,038) 1,180,708 24,678,844 (1,484,069)
$ 26,448,804 $ 5,302,419 $ (11,877,269) $ 24,407,834 $ 33,527,468
2.3% 2.0% 1.6% 2.1% 2.4%
210 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
T h e p a g e I n t e n t i o n a l l y l e f t b l a n k
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 211
Deschutes County, Oregon STATISTICAL SECTION
Assessed Value and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years
(in thousands of dollars)
Fiscal Year
Ended June 30,
Real Property Personal Property Manufactured Homes
Assessed Value
Estimated
Actual Value Assessed Value
Estimated
Actual Value Assessed Value
Estimated
Actual Value
2016 $ 19,847,234 $ 27,721,055 $ 415,663 $ 415,679 $ 60,520 $ 70,526
2017 20,943,309 31,302,357 451,004 451,007 65,759 79,422
2018 22,107,667 35,571,219 482,975 482,975 74,665 103,958
2019 23,380,812 39,872,595 508,792 508,792 78,186 112,682
2020 24,642,529 43,452,591 524,739 527,739 81,184 131,478
2021 25,896,554 46,294,856 586,141 586,165 84,899 147,202
2022 27,365,201 54,432,055 627,551 627,551 90,106 173,790
2023 28,853,678 71,303,510 735,632 735,632 92,994 207,887
2024 30,423,785 78,521,799 890,104 890,104 97,682 239,833
2025 31,914,865 80,823,922 920,364 920,364 99,731 291,944
Sources: Deschutes County Assessor’s Department and Deschutes County Tax Office
(1) includes tax-exempt property
212 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
STATISTICAL SECTION Deschutes County, Oregon
Public Utilities Exemptions Total
Range of Total Direct
Tax Rates Paid
Assessed Value (1)
as a Percentage of
Estimated Actual ValueAssessed Value
Estimated Actual
Value Assessed Value
Taxable Assessed
Value
Estimated Actual
Value
$ 652,906 $ 677,075 $ 43,033 $ 20,933,290 $ 28,884,335 2.7398 - 6.0936 72.622%
560,616 582,833 45,078 21,975,610 32,415,619 2.7311 - 6.0411 67.932%
600,475 628,510 47,457 23,218,325 36,786,662 2.6125 - 6.0411 63.245%
668,084 736,374 51,211 24,584,663 41,230,443 2.5225 - 5.9725 59.752%
710,117 784,443 54,658 25,903,911 44,896,251 2.6825 - 5.9925 57.819%
803,586 887,767 57,287 27,313,892 47,915,990 2.6825 - 5.9925 57.123%
834,257 910,502 58,720 28,858,395 56,143,898 2.6825 - 5.9925 51.505%
853,781 938,116 59,462 30,476,624 73,185,145 2.6525 - 6.4325 41.724%
852,663 919,209 60,873 32,203,361 80,570,945 2.8525 - 6.6325 40.045%
862,379 917,540 57,882 33,739,457 82,953,770 2.8525 - 6.6325 40.673%
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 213
Deschutes County, Oregon STATISTICAL SECTION
Direct and Overlapping Property Tax Rates - Last Ten Fiscal Years
(rate per $1,000 of assessed value)
Fiscal Year Taxes are Payable
2016 2017 2018 2019 2020
County direct rates
Rates levied to all taxable County
properties:
General $ 1.2783 $ 1.2783 $ 1.2483 $ 1.2183 $ 1.2183
Fairgrounds Bond 0.1273 0.1186 - - -
Sheriff (Countywide) 1.0200 1.0200 1.0200 1.0800 1.0800
County Extension/4H CSD 0.0224 0.0224 0.0224 0.0224 0.0224
911 CSD 0.1618 0.1618 0.3618 0.3618 0.3618
911 Local Option 0.2000 0.2000 - - -
County districts paid by all
properties 2.8098 2.8011 2.6525 2.6825 2.6825
Rates levied to taxable rural County
properties:
Sheriff (Rural) 1.4000 1.4000 1.4000 1.3400 1.3400
Certain County properties are subject
to one of the following rates:
Sunriver Library Bond 0.0438 - - - -
Paid by Black Butte properties only:
Black Butte Ranch CSD 1.0499 1.0499 1.0499 1.0499 1.0499
Black Butte Ranch CSD Local Opt 0.5500 0.5500 0.5500 0.5500 0.5500
Paid by Sunriver properties only:
Sunriver Service District 3.3100 3.3100 3.3100 3.3100 3.3100
Sunriver Service District Local Opt - - - - -
Range of County Direct Rates Paid 2.8098 - 6.1198 2.8011 - 6.1111 2.6525 - 5.9625 2.6825 - 5.9925 2.6825 - 5.9925
City and town rates
Bend 2.8035 2.8035 2.8035 2.8035 2.8035
Redmond 4.4101 4.4101 4.4101 4.4101 4.4101
Sisters 2.6417 2.6417 2.6417 2.6417 2.6417
La Pine 1.9800 1.9800 1.9800 1.9800 1.9800
City of Bend Bond 2021 - - - - -
City of Bend Bond 2011 0.2120 0.1895 0.1789 0.1685 0.1600
City of Bend Local Option - - 0.2000 0.2000 0.2000
City of Redmond Bond 0.0809 0.0710 0.0547 0.0547 -
City of Redmond Bond 2022 - - - - -
Library district rates 0.5500 0.5500 0.5500 0.5500 0.5500
Fire district rates 1.0924 - 3.0691 1.0924 - 2.7317 1.0924 - 2.7317 1.0924 - 2.7317 1.0924 - 2.7317
Parks and recreation district rates 0.2200 - 1.4610 0.2200 - 1.4610 0.2200 - 1.4610 0.2200 - 1.4610 0.2200 - 1.4610
School district rates 6.4033 - 8.4012 6.5893 - 8.4320 6.5893 - 8.4320 6.4912 - 8.2372 6.4554 - 8.1593
Road district rates 0.8140 - 3.0000 0.8140 - 3.0000 0.8140 - 3.0000 0.8140 - 3.0000 0.8140 - 3.0000
Other special district rates 0.2895 0.2895 0.2895 0.2895 0.2895
Sources: Deschutes County Assessor’s Office and Deschutes County Finance Department.
214 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
STATISTICAL SECTION Deschutes County, Oregon
Fiscal Year Taxes are Payable
2021 2022 2023 2024 2025
$ 1.2183 $ 1.2183 $ 1.2183 $ 1.2783 $ 1.2783
- - - - -
1.0800 1.0800 1.0500 1.2500 1.2500
0.0224 0.0224 0.0224 0.0224 0.0224
0.3618 0.3618 0.3618 0.3618 0.3618
- - - - -
2.6825 2.6825 2.6525 2.9125 2.9125
1.3400 1.3400 1.3400 1.5500 1.5500
- - - - -
1.0499 1.0499 1.0499 1.0499 1.0499
0.5500 0.6500 0.6500 0.6500 0.6500
3.3100 3.3100 3.3100 3.3100 3.4500
- - 0.4700 0.4700 0.4700
2.6825 - 5.9925 2.6825 - 5.9925 2.6525 - 6.4325 2.9125 - 6.6325 2.9125 - 6.8325
2.8035 2.8035 2.8035 2.8035 2.8035
4.4101 4.4101 4.4101 4.4101 4.4101
2.6417 2.6417 2.6417 2.6417 2.6417
1.9800 1.9800 1.9800 1.9800 1.9800
- - 0.1713 0.1621 0.4712
0.1600 0.1520 0.1292 0.1104 0.1054
0.2000 0.2000 0.2000 0.2000 0.7600
- - - - -
- - 0.7232 0.6387 0.6387
0.5500 0.5500 0.5500 0.5500 0.5500
1.0924 - 2.7317 1.0924 - 2.7317 1.0924 - 2.7317 1.0924 - 2.7317 2.1966 - 3.2277
0.2200 - 1.4610 0.2200 - 1.4610 0.2200 - 1.4610 0.2200 - 1.4610 .3000 - 1.5889
6.5337 - 8.1626 5.7044 - 7.2439 5.3871 - 7.2955 5.4063 - 7.2824 5.4851 - 7.1333
0.5882 - 3.0000 0.8140 - 3.0000 0.8140 - 3.0000 0.8140 - 3.2500 .5458 - 3.2500
0.2895 0.2895 0.2895 0.2895 0.2895
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 215
Deschutes County, Oregon STATISTICAL SECTION
Principal Property Taxpayers - Current Fiscal and Nine Years Ago
2025 2016
Taxpayer
Taxable
Assessed
Value (TAV) Rank (1)
% of Total
County TAV (2)
Taxable
Assessed
Value (TAV) Rank (1)
% of Total
County TAV (2)
Pacificorp (PP&L) $ 180,050,298 1 0.53% $ 85,994,000 2 0.41%
Crowdstrike Inc. 127,360,310 2 0.38% - - 0%
TDS Baja Broadband LLC 99,745,917 3 0.30% 218,359,000 1 1.04%
Cascade Natural Gas Corporation 91,623,646 4 0.27% 54,078,000 4 0.26%
Lonza Bend Inc. 89,386,880 5 0.26% - - 0%
Deschutes Brewery Inc 64,514,720 6 0.19% 38,414,200 9 0.18%
Touchmark at Mount Bachelor Village LLC 58,018,210 7 0.17% 44,466,290 6 0.21%
Gas Transmission Northwest Corporation 74,611,996 8 0.22% 68,929,100 3 0.33%
PCC Structurals, Inc. 49,099,450 9 0.15% - - 0%
Suterra LLC 52,806,620 10 0.16% 47,416,970 7 0.23%
Bend Research Inc. - - 0.00% 46,999,420 5 0.22%
CVSC LLC - - 0.00% 38,467,390 8 0.18%
Centurylink (Formerly Qwest) - - 0.00% 38,262,000 10 0.18%
Wal-Mart Stores Inc. - - 0.00% - - 0%
Total $ 887,218,047 2.63% $ 681,386,370 3.24%
(1) Ranking of Principal Taxpayers is based on property taxes assessed, not the taxable assessed value.
(2) Taxpayer’s attributable share of total assessed value in the County.
216 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
STATISTICAL SECTION Deschutes County, Oregon
Property Taxes, Levies and Collections - Last Ten Fiscal Years
(dollars expressed in thousands)
Collected within the Fiscal
Year of the Levy Total Collections to Date
Fiscal Year
Ended
June 30,
Total Tax Levy for
Fiscal Year (1)
Amount
Collected
Percentage of
Levy
Collections in
Subsequent
Years
Amount
Collected
Percentage of
Levy
2016 $ 65,737 $ 64,747 98.494% $ 1,001 $ 65,737 100.000%
2017 68,956 67,895 98.461% 1,058 68,951 99.993%
2018 69,929 69,013 98.689% 911 69,922 99.990%
2019 74,425 73,442 98.678% 976 74,413 99.984%
2020 78,369 77,350 98.700% 1,007 78,349 99.974%
2021 82,470 81,661 99.019% 791 82,401 99.917%
2022 86,354 85,577 99.101% 700 86,117 99.726%
2023 91,736 90,881 99.068% 651 91,360 99.591%
2024 107,556 105,727 98.299% 1,340 105,727 98.299%
2025 111,018 109,842 98.941% - 109,842 98.941%
Source: Deschutes County Finance Department
(1) Net of discounts and adjustments.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 217
Deschutes County, Oregon STATISTICAL SECTION
Ratios of Outstanding Debt by Type - Last Ten Fiscal Years
(dollars in thousands, except per capita)
Governmental Activities
Limited Tax Bonds
Fiscal
Year
Pension
Obligation
Bonds
Full Faith
and Credit
Obligations
Notes
Payable
Leases
Right-of-Use
Obligations
Subscriptions
Right-of-Use
Obligations
2016 $ 10,235 $ 38,387 $ 1,926 $ - $ -
2017 9,899 35,985 1,726 - -
2018 9,522 33,507 1,525 - -
2019 9,099 31,516 1,317 - -
2020 8,595 29,464 1,108 - -
2021 7,790 26,611 894 - -
2022 6,870 23,175 680 2,127 -
2023 5,830 21,492 459 2,835 1,278
2024 4,660 39,947 233 7,722 1,233
2025 3,960 37,092 - 7,424 1,192
(1) See page 225 for personal income and population data.
n/a - Not available.
218 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
STATISTICAL SECTION Deschutes County, Oregon
Business-Type Activities Total
Fiscal
Year
General
Obligation
Bonds
Full Faith
and Credit
Obligations
Notes
Payable
Leases
Right-of-Use
Obligations
Total
Primary
Government
Percentage
of Personal
Income (1) Per
Capita (1)
2016 $ 2,595 $ 4,666 $ 8,127 $ - $ 65,936 0.73% $ 386.18
2017 - 4,451 7,420 - 59,481 0.61% 336.75
2018 - 4,200 6,699 - 55,453 0.52% 303.14
2019 - 3,976 5,965 - 51,873 0.46% 274.49
2020 - 3,744 5,220 - 48,131 0.41% 249.38
2021 - 3,507 4,459 - 43,261 0.32% 219.58
2022 - 3,437 3,692 14 40,534 0.27% 199.29
2023 - 24,232 2,906 10 59,041 0.35% 284.45
2024 - 23,237 2,107 5 79,144 n/a 373.07
2025 - 22,208 1,293 13 73,183 n/a 284.45
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 219
Deschutes County, Oregon STATISTICAL SECTION
Ratios of General Bonded Debt Outstanding - Last Ten Fiscal Years
(dollars in thousands, except per capita)
General Bonded/Gross Direct Debt Fiscal Year
2016 2017 2018 2019
General Obligation Bonds (1) $ 2,595 $ - $ - $ -
Limited Tax Bonds 53,288 50,335 47,229 44,591
Notes from Direct Borrowings 10,053 9,146 8,224 7,282
Less: Amounts available in debt service fund (2) (264) - - -
$ 65,672 $ 59,481 $ 55,453 $ 51,873
Debt as a percentage of estimated actual taxable
value of property (3) 0.23% 0.18% 0.15% 0.13%
General Bonded/ Gross Direct Debt per Capita (4) $ 385 $ 337 $ 303 $ 274
Note: Details regarding the County’s outstanding debt can be found in the notes to the financial statements.
(1) This is the general bonded debt of both governmental and business-type activities.
(2) This is the amount restricted for debt service principal payments.
(3) See the Schedule of Assessed Value and the Estimated Actual Value of Taxable Property (pages 255-256)
(4) Population data can be found in the Schedule of Demographic and Economic Statistics (page 269)
220 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
STATISTICAL SECTION Deschutes County, Oregon
Fiscal Year
2020 2021 2022 2023 2024 2025
$ - $ - $ - $ - $ - $ 3,960
41,803 37,908 34,021 51,553 67,844 59,300
6,328 5,353 4,372 3,365 2,340 8,717
- - - - - -
$ 48,131 $ 43,261 $ 38,393 $ 54,918 $ 70,184 $ 73,183
0.11% 0.09% 0.07% 0.10% 0.10% 0.09%
$ 249 $ 220 $ 189 $ 265 $ 331 $ 351
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 221
Deschutes County, Oregon STATISTICAL SECTION
Direct and Overlapping Governmental Activities Debt
June 30, 2025
(dollars in thousands)
Governmental Unit
Debt
Outstanding
Estimated
Percentage
Applicable
Amount
Applicable to
Primary
Government
Debt repaid with property taxes
Alfalfa RFPD $ 146 94.2200% $ 138
Bend Metro Park & Rec District 16,090 100.0000% 16,090
Central Oregon Community College 32,800 85.6800% 28,103
Central Oregon Regional Housing Authority 2,550 100.0000% 2,550
City Of Bend 338,437 100.0000% 338,437
City Of La Pine 1,163 100.0000% 1,163
City Of Redmond 35,886 100.0000% 35,886
Cloverdale RFPD 1,660 100.0000% 1,660
Crook Cty School District 38,200 0.5700% 217
Crooked River Ranch RFPD 1,551 8.2500% 128
Deschutes Cty RFPD 2 (Bend) 7,345 100.0000% 7,345
Deschutes Cty SD 1 (Bend-La Pine) 400,511 100.0000% 400,511
Deschutes Cty SD 2J (Redmond) 270,988 93.8000% 254,185
Deschutes Cty SD 6 (Sisters) 38,242 99.9800% 38,232
Deschutes Public Library District 180,915 100.0000% 180,915
High Desert ESD 3,671 91.1000% 3,344
Howell Hilltop Acres Spec Rd District 152 100.0000% 152
Lapine Parks & Recreation District 215 100.0000% 215
Redmond Fire & Rescue 2,023 99.8300% 2,020
Sisters RFPD (Camp Sherman) 450 90.0000% 405
Subtotal, overlapping debt 1,311,696
Deschutes County direct debt 49,669
Total direct and overlapping debt $ 1,361,365
Sources:Oregon State Treasury, Debt Management Information System
Note:Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the County. This schedule
estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses
of Deschutes County. This process recognizes that, when considering the County’s ability to issue and repay long-term debt,
the entire debt burden borne by the property taxpayers should be taken into account. However, this does not imply that every
taxpayer is a resident, and therefore, responsible for repaying the debt, of each overlapping government. Net property-tax
backed debt was used as the Debt Outstanding which is derived from the gross property-tax backed debt less self-supporting
unlimited general obligations and self supporting limited tax general obligation debt. The direct debt is the total amount of the
governmental activities from the “Ratios of Outstanding Debt by Type” Schedule.
222 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
STATISTICAL SECTION Deschutes County, Oregon
Legal Debt Margin Information - Last Ten Fiscal Years
(dollars in thousands)
Legal Debt Margin Calculation for Fiscal Year 2025
Estimated Actual Value $ 82,955,728 Estimated Actual Value $ 82,955,728
Debt limit (2% of estimated actual value) (1) 1,659,115 Debt limit (1% of estimated actual value) (2) 829,557
Debt applicable to limit: Debt applicable to limit:
General obligation bonds $ 3,960 Limited tax bonds $ 37,092
Less: Amount held for repayment of
debt -
Less: Amount held for repayment of
debt -
Total net debt applicable to limit $ 3,960 Total net debt applicable to limit $ 37,092
Legal debt margin $ 1,655,155 Legal debt margin $ 792,465
(1) ORS 287A.100 provides a debt limit on general obligation bonds of 2% of the real market value of all taxable property within the
County’s boundaries. This became effective January 1, 2008 superseding ORS 287.054.
(2) ORS 287A.105 provides a debt limit on full faith and credit bonds of 1% of the real market value of all taxable property within the
County’s boundaries. This became effective January 1, 2008 superseding ORS 287.053.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 223
Deschutes County, Oregon STATISTICAL SECTION
Legal Debt Margin Information - Last Ten Fiscal Years
(dollars in thousands)
Fiscal Year
2016 2017 2018 2019 2020
Debt Limit (2%) (1) $ 577,687 $ 648,312 $ 735,733 $ 824,609 $ 897,925
Total net debt applicable to limit 2,595 - - - -
Legal debt margin $ 575,092 $ 648,312 $ 735,733 $ 824,609 $ 897,925
Total net debt applicable to the limit as
a percentage of debt limit 0.45% 0.00% 0.00% 0.00% 0.00%
Debt Limit (1%) (2) $ 288,843 $ 324,156 $ 367,867 $ 412,304 $ 448,963
Total net debt applicable to limit 50,357 47,610 42,350 39,049 36,639
Legal debt margin $ 238,486 $ 276,546 $ 325,517 $ 373,255 $ 412,324
Total net debt applicable to the limit as
a percentage of debt limit 17.43% 14.69% 11.51% 9.47% 8.16%
(1) ORS 287A.100 provides a debt limit on general obligation bonds of 2% of the real market value of all taxable property within the
County’s boundaries. This became effective January 1, 2008 superseding ORS 287.054.
(2) ORS 287A.105 provides a debt limit on full faith and credit bonds of 1% of the real market value of all taxable property within the
County’s boundaries. This became effective January 1, 2008 superseding ORS 287.053.
224 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
STATISTICAL SECTION Deschutes County, Oregon
Fiscal Year
2021 2022 2023 2024 2025
$ 958,320 $ 1,122,878 $ 1,463,703 $ 1,611,419 $ 1,659,115
- - - - 3,960
$ 958,320 $ 1,122,878 $ 1,463,703 $ 1,611,419 $ 1,655,155
0.00% 0.00% 0.00% 0.00% 0.24%
$ 479,160 $ 561,439 $ 731,851 $ 805,709 $ 829,557
33,124 30,585 27,322 44,607 37,092
$ 446,036 $ 530,854 $ 704,530 $ 761,102 $ 792,465
6.91% 5.45% 3.73% 5.54% 4.47%
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 225
Deschutes County, Oregon STATISTICAL SECTION
Demographic and Economic Statistics - Last Ten Calendar Years
Year Population
Personal
Income
(thousands of
dollars)
Per
Capita
Personal
Income
Median
Age
Public
School
Enrollment
Unemployment
Rate
2016 170,740 $ 8,921,964 $ 49,709 40.96 25,598 4.9%
2017 176,635 9,744,419 52,566 41.13 26,446 4.2%
2018 182,930 10,529,174 55,443 41.33 26,868 4.1%
2019 188,980 11,265,156 57,689 41.50 27,008 3.9%
2020 193,000 12,781,035 64,080 41.63 27,237 9.1%
2021 197,015 14,408,123 70,161 41.82 25,687 6.0%
2022 203,390 14,794,468 71,627 42.64 25,576 4.2%
2023 207,561 16,864,729 81,025 43.28 25,593 4.4%
2024 212,141 n/a n/a 42.88 25,321 3.9%
2025 208,612 n/a n/a 43.23 25,186 4.3%
Sources:
Population data provided by Portland State University, Population Research Center. Prior to fiscal year 2024, personal
income and per capita personal income information was provided by Portland State University, Population Research
Center and Federal Reserve Economic Data. Historical data for these statistics have been updated to reflect information
provided by the U.S Bureau of Economic Analysis. School enrollment provided by the Oregon Department of Education.
Unemployment provided by Oregon Employment Department, Oregon Labor Market Information System.
Note:
Population information are Census Bureau midyear population estimates. Estimates for July 1, 2024, reflect county
population estimates available as of April 2025. Median age figures for 2016-2025 are based on mid-year data tables.
School enrollment is based on the census at the start of the 2024-25 school year. Unemployment rate information,
reported as an annual average, is not seasonally adjusted. Unemployment rate for 20245is an average of July 2024
through June 2025.
n/a - Not available.
226 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
STATISTICAL SECTION Deschutes County, Oregon
Principal Employers - Current Year and Nine Years Ago
2025 2016
Employer Employees Rank
Percentage of
Total County
Employment Employees Rank
Percentage of
Total County
Employment
St. Charles Health System 4,742 1 4.46% 2,694 1 3.15%
Bend-La Pine School District 2,385 2 2.24% 1,797 2 2.10%
Deschutes County 1,334 3 1.25% 1,064 3 1.24%
Mt. Bachelor 1,094 4 1.03% 769 7 0.90%
BASX Solutions 1,060 5 1.00%
Sunriver Resort 975 6 0.92% 936 4 1.09%
Redmond School District 901 7 0.85% 851 6 0.99%
Central Oregon Community College
(COCC) 801 8 0.75% 883 5 1.03%
City of Bend 783 9 0.74%
Safeway (includes Albertsons) 781 10 0.73% 674 9 0.79%
Bend Memorial Clinic 701 8 0.82%
Walmart 639 10 0.75%
Total Employees of Principal Employers 14,856 13.97% 11,008 12.86%
Total County Nonfarm Employment 106,318 100.00% 85,629 100.00%
Sources: Deschutes County Finance Department, Economic Development for Central Oregon, and the Oregon Employment Department.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 227
Deschutes County, Oregon STATISTICAL SECTION
Full-Time Equivalent County Government Employees by
Function/Program - Last Ten Fiscal Years
Function/Program 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
General government
Executive 9.75 9.75 9.75 9.75 10.75 10.75 10.75 11.75 12.75 11.75
General services
Judicial 54.05 54.55 57.30 59.50 65.60 63.30 69.00 71.10 71.80 68.95
Financial 39.53 39.73 39.73 40.23 40.23 41.23 41.23 46.23 49.03 47.23
Assessment 33.00 33.00 34.26 35.26 33.26 33.26 31.00 32.26 29.63 32.00
Community
development 20.30 25.10 27.50 30.50 29.50 30.50 32.50 32.10 24.40 25.50
Building services 25.20 25.00 25.00 26.00 18.60 21.60 21.75 23.75 24.75 25.75
Information technology 16.00 15.70 15.70 15.70 15.70 15.70 16.70 15.70 18.00 19.00
Other 4.32 4.62 4.62 4.62 4.62 6.82 5.82 8.82 7.52 8.52
Public protection
Law enforcement 113.75 113.75 115.25 117.45 117.50 124.00 127.50 129.25 125.55 133.50
Corrections 199.10 200.10 202.00 205.00 195.75 188.25 185.50 178.25 178.20 176.63
Protective inspection 15.70 19.90 25.50 24.50 24.50 23.50 27.30 25.70 22.60 25.50
Other Protection 57.50 59.00 60.00 60.00 54.00 54.00 55.00 52.57 55.15 56.00
Public works
Streets & highways 53.50 54.00 54.00 56.00 54.00 55.00 56.00 56.00 59.00 58.00
Sanitation 23.50 23.50 24.50 25.50 24.00 21.00 24.00 30.00 37.00 40.00
Health & welfare
Health services 265.25 303.85 313.45 309.95 291.95 330.78 353.75 382.10 385.43 384.18
Recreation & culture
Fair & expo center 11.00 12.00 12.00 12.00 10.92 10.00 8.00 11.75 13.50 12.50
Total 941.45 993.55 1,020.56 1,031.96 990.88 1,029.69 1,065.80 1,107.33 1,114.31
1,125.01
Source: Deschutes County Finance Department.
Note: Above amounts are for Primary Government.
228 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
STATISTICAL SECTION Deschutes County, Oregon
Operating Indicators by Function/Program - Last Ten Fiscal Years
Fiscal Year
Function/Program 2016 2017 2018 2019
General government
Building permits issued for new homes 440 555 549 574
Total building permits issued 1,309 1,427 1,594 1,564
Police
Physical arrests 1,568 1,797 1,791 1,810
Traffic violations
Citations issued 2,104 2,159 2,412 2,382
Warnings 1,547 1,159 908 949
Calls for service 34,535 35,285 34,893 35,014
Traffic stops 10,533 12,608 12,539 13,532
Solid waste
Solid waste collected (tons) 203,896 226,325 240,844 238,955
Average annual per capita waste 2,451 2,591 2,727 2,959
Recyclables collected (tons) 72,940 80,234 79,757 60,958
Road
Street resurfacing (miles) 14.57 8.07 5.28 8.19
911 emergency services
Emergency calls 62,181 64,158 64,047 68,434
Police officer initiated calls 252,333 256,923 250,834 261,196
Fire department initiated calls 25,308 27,426 26,894 27,856
Mental health crisis calls* - - - -
Source: Deschutes County Community Development Department, Deschutes County Sheriff’s Office, Deschutes County Solid Waste
Department, Deschutes County Road Department, and 9-1-1 County Service District.
N/A: FY 2025 data is not available due to a delay in data provided to Solid Waste by Oregon DEQ.
*This data was not tracked until 2024
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 229
Deschutes County, Oregon STATISTICAL SECTION
Fiscal Year
2020 2021 2022 2023 2024 2025
586 744 698 393 402 365
1,589 1,885 1,927 1,557 1,357 1,363
1,463 964 1,271 1,507 1,573 1,353
1,905 1,832 1,580 1,007 1,486 1,412
731 571 646 544 513 646
38,823 36,601 35,602 35,303 33,625 35,032
12,225 10,915 12,158 9,940 11,332 11,251
263,464 267,940 296,470 309,429 310,342 N/A
2,788 2,777 3,010 2,165 2,177 N/A
83,472 84,347 98,491 89,304 84,413 N/A
10.63 95.76 92.56 52.13 91.94 99.42
71,987 75,179 77,685 76,870 67,513 66,959
247,085 242,077 216,636 226,877 221,828 218,596
27,670 31,089 30,767 31,511 32,513 34,308
- - - - 3,463 4,482
230 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
STATISTICAL SECTION Deschutes County, Oregon
Capital Assets Statistics by Function/Program - Last Ten Fiscal Years
Fiscal Year
Function/Program 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Public Safety
Stations 4 4 4 4 4 4 4 4 4 4
Adult correctional facilities 2 2 2 2 2 2 2 2 2 2
Special services complex 1 1 1 1 1 1 1 1 1 1
Road
Streets (miles) 927 927 931 917 929 929 927 925 925 925
Streetlights 4 4 32 32 35 74 74 94 108 108
Flashing lights 4 4 5 5 2 1 1 1 1 1
Signals 3 3 3 3 3 3 3 4 4 4
Sources: Deschutes County Road Department and the Deschutes County Sheriff’s Office.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 231
T h e p a g e I n t e n t i o n a l l y l e f t b l a n k
232 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
Audit Comments and
Disclosures
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 233
Deschutes County, Oregon SINGLE AUDIT SECTION
Audit Comments and Disclosures Required by State Regulations
Oregon Administrative Rules 162-010-0000 through 162-010-0330 of the Minimum Standards for Audits of
Oregon Municipal Corporations, prescribed by the Secretary of State in cooperation with the Oregon State
Board of Accountancy, enumerate the financial statements, schedules, comments, and disclosures required
in audit reports. The required statements and schedules are set forth in the preceding sections of this report.
Required comments and disclosures related to the audit of such statements and schedules are set forth in
the following pages.
234 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
Report of Independent Auditors Required by Oregon State
Regulations
Deschutes County Board of Commissioners
Deschutes County, Oregon
Bend, Oregon
We have audited, in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards
issued by the Comptroller General of the United States the financial statements of the governmental
activities, the business-type activities, each major fund, and the aggregate remaining fund information
of Deschutes County, Oregon (the County) as of and for the year ended June 30, 2025, and the
related notes to the financial statements, which collectively comprise the County’s basic financial
statements, and have issued our report thereon dated December 1, 2025.
Compliance
As part of obtaining reasonable assurance about whether the County’s basic financial statements are
free from material misstatement, we performed tests of its compliance with certain provisions of laws,
regulations, contracts, and grant agreements, including provisions of Oregon Revised Statutes (ORS)
as specified in Oregon Administrative Rules (OAR) 162-010-0000 to 162-010-0330, of the Minimum
Standards for Audits of Oregon Municipal Corporations, noncompliance with which could have a
direct and material effect on the financial statements. However, providing an opinion on compliance
with those provisions was not an objective of our audit and, accordingly, we do not express such an
opinion.
We performed procedures to the extent we considered necessary to address the required comments
and disclosures which included, but were not limited to, the following:
• Accounting records and internal control
• Public fund deposits
• Indebtedness
• Budget
• Insurance and fidelity bonds
• Programs funded from outside sources
• Highway funds
• Investments
• Public contracts and purchasing
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 235
In connection with our testing, nothing came to our attention that caused us to believe the County
was not in substantial compliance with certain provisions of laws, regulations, contracts, and grant
agreements, including the provisions of ORS as specified in OAR 162‐010‐0000 through
162‐010‐0330 of the Minimum Standards for Audits of Oregon Municipal Corporations.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the County’s internal
control over financial reporting (internal control) as a basis for designing audit procedures that are
appropriate in the circumstances for the purpose of expressing our opinions on the financial
statements, but not for the purpose of expressing an opinion on the effectiveness of the County’s
internal control. Accordingly, we do not express an opinion on the effectiveness of the County’s
internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent,
or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control such that there is a reasonable possibility that a
material misstatement of the entity's financial statements will not be prevented, or detected and
corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies,
in internal control that is less severe than a material weakness, yet important enough to merit
attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of
this section and was not designed to identify all deficiencies in internal control that might be material
weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify
any deficiencies in internal control that we consider to be material weaknesses. However, material
weaknesses or significant deficiencies may exist that have not been identified.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and
compliance and the results of that testing, and not to provide an opinion on the effectiveness of the
entity’s internal control or on compliance. Accordingly, this communication is not suitable for any
other purpose.
This report is intended solely for the information and use of the Board of Commissioners and
management of the County and the Oregon Secretary of State and is not intended to be and should
not be used by anyone other than these parties.
Amanda Moore, Principal, for
Baker Tilly US, LLP
Eugene, Oregon
December 1, 2025
236 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
Report of Independent Auditors on Internal Control Over
Financial Reporting and on Compliance and Other Matters
Based on an Audit of Financial Statements Performed in
Accordance with Government Auditing Standards
Deschutes County Board of Commissioners
Deschutes County, Oregon
Bend, Oregon
We have audited, in accordance with the auditing standards generally accepted in the United States
of America and the standards applicable to financial audits contained in Government Auditing
Standards issued by the Comptroller General of the United States (Government Auditing Standards),
the financial statements of the governmental activities, the business-type activities, each major fund,
and the aggregate remaining fund information of Deschutes County, Oregon (the County) as of and
for the year ended June 30, 2025, and the related notes to the financial statements, which collectively
comprise the County’s basic financial statements, and have issued our report thereon dated
December 1, 2025.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the County’s internal
control over financial reporting (internal control) as a basis for designing audit procedures that are
appropriate in the circumstances for the purpose of expressing our opinions on the financial
statements, but not for the purpose of expressing an opinion on the effectiveness of the County’s
internal control. Accordingly, we do not express an opinion on the effectiveness of the County’s
internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent,
or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control such that there is a reasonable possibility that a
material misstatement of the entity's financial statements will not be prevented, or detected and
corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies,
in internal control that is less severe than a material weakness, yet important enough to merit
attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of
this section and was not designed to identify all deficiencies in internal control that might be material
weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify
any deficiencies in internal control that we consider to be material weaknesses. However, material
weaknesses or significant deficiencies may exist that were not identified.
Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025 237
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the County’s financial statements are free
from material misstatement, we performed tests of its compliance with certain provisions of laws,
regulations, contracts, and grant agreements, noncompliance with which could have a direct and
material effect on the financial statements. However, providing an opinion on compliance with those
provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The
results of our tests disclosed no instances of noncompliance or other matters that are required to be
reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and
compliance and the results of that testing, and not to provide an opinion on the effectiveness of the
entity’s internal control or on compliance. This report is an integral part of an audit performed in
accordance with Government Auditing Standards in considering the entity’s internal control and
compliance. Accordingly, this communication is not suitable for any other purpose.
Eugene, Oregon
December 1, 2025
238 Annual Comprehensive Financial Report | For the Fiscal Year Ended June 30, 2025
T h e p a g e I n t e n t i o n a l l y l e f t b l a n k
Deschutes County Deschutes County
1300 NW Wall Street, Suite 2001300 NW Wall Street, Suite 200
Bend, OR 97703Bend, OR 97703
www.deschutes.orgwww.deschutes.org