FOR ACCOUNTING PURPOSES, ALL PORT FUNDS ARE ACCOUNTED FOR ON AN ACCRUAL BASIS. FOR BUDGET ARY PURPOSES ALL PORT FUNDS, EXCEPT THE PORT DEBT SERVICE FUND, ARE BUDGETED ON AN ACCRUAL BASIS. THE PORT DEBT SERVICE FUND IS BUDGETED ON A CASH BASIS. DUE TO A CHANGE IN ORS 294.325(5). THE PORT IS NO LONGER REQUIRED TO BUDGET FOR INDUSTRIAL DEVELOPMENT REVENUE BONDS. THEREFORE, THIS INFORMATION IS SHOWN ONLY FOR ITS HISTORICAL CONTEXT.
