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Budget ManagementAudit FindingState of Oregon·FY2025

$43,700,000

Pension Accounting Error Overstated Contributions $43.7M

Department of Administrative Services

Auditors found that the Department of Administrative Services made accounting errors that overstated pension contributions subsequent to measurement date by $43.7 million while understating pension contribution expenditures by the same amount. According to the audit, miscommunication due to personnel turnover led to the incorrect sequence of accounting steps.

This item is based on findings from an official government audit. The summary reflects auditor conclusions.

Concern Score Assessment

Concern Score: 65/100

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