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121 S.W. Morrison Street Telephone 503 224 9040 Suite 1800 facsimile 503 223 9081 Portland, Oregon 97204 P~ice TTaterizouse ~ November 12, 1993 Board of County Commissioners Marion County, Oregon Salem, Oregon Independent Auditors' Report In our opinion, the accompanying general purpose financial statements of Marion County, Oregon as of and for the year ended June 30, 1993 as tisted in the accompanying table of contents present fairiy, in all material respects, the financial position of Marion County, Oregon, at June 30, 1993 and the results of its operations and cash flaws of its prop~ietary fund types for the year then ended in conformity with generally accepted accounting principles. These general purpose frnancial statements are the responsibiliiy of management of Marion County, Oregon; our responsibility is to express an opinion on these financial statements based on our audit. We conducted our sudit in accordance with generally accepted auditing standards and the Minimum Standards for Audits of Oregon Municipal Corporations. Those standards require that we plan and pertorm fhe audit to obtain reasonable assu~ance about whether the general purpose financial statements are free of material misstatement An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the general purpose financial statements, assessing the accounting principles used and significant estimates made by management, and evaluaating the overall general purpose financial statement presenta6on. We believe that our audit provides a reasonable basis for our opinion on the general purpose financial statements. Our audit was made for the purpose of forming an opinion on the general purpose financial statements taken as a whole. The combining, individual fund, and individual account group financial statements and schedules listed as Additional Information in the table of contents are presented for purposes of additional analysis and are not a required part of the general purpose financial statements of Marion County, Oregon. Such information has been subjected to the auditing procedures applied in the audit of the general purpose financial statements and, in our opinion, is stated fairly in all material respects in ~elation to ~e general purpose financial statements taken as a whole. The other data included in this report, designated as "Statistical Section" in the table of contents, has not been audited by us and, accordingly, we express no opinion on such data. PRICE WATERHOUSE By ,~osr.r,PQ oZ°. ~r.c~~ ~ -~-