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35-614: Edward Schulmerich was born in 1863 and moved to Oregon with his family in 1869. In 1906, he helped to found the Hillsboro Commercial Bank and later became the president of the bank. Schulmerich built a new two-story bank building in 1911 at Second and Main streets. The later merchant and member of the Oregon Legislative Assembly , had a new residence built in 1915 on Main Street at Sixth Avenue on

70-571: A double-entry bookkeeping system , revenue accounts are general ledger accounts that are summarized periodically under the heading "revenue" or "revenues" on an income statement . Revenue account-names describe the type of revenue, such as "repair service revenue", "rent revenue earned" or "sales". For non-profit organizations , revenue may be referred to as gross receipts , support , contributions , etc. This operating revenue can include donations from individuals and corporations, support from government agencies, income from activities related to

105-566: A $ 151 per diem. In the 2022 Regular Session, at the request of the Asian Pacific American Network of Oregon (APANO) and Family Forward Oregon, a SB1566 was introduced to increase legislators pay. SB 1566 establishes an annual salary for members of the Legislative Assembly equal to the annual occupational mean wage estimate for Oregon in the prior year, as determined by the U.S. Department of Labor and

140-434: A business's primary activities are reported as sales , sales revenue or net sales . This includes product returns and discounts for early payment of invoices . Most businesses also have revenue that is incidental to the business's primary activities, such as interest earned on deposits in a demand account . This is included in revenue but not included in net sales. Sales revenue does not include sales tax collected by

175-546: A committee before being voted upon. Bills calling for increased revenue must be introduced in the House of Representatives. How ideas become law . A legislative resolution referred to voters in the November 2010 general election amended the state's constitution and changed the schedule of regular sessions from bi-annual to annual. Senate Joint Resolution 41 was voted on as state Ballot Measure 71 , which passed statewide by

210-410: A given period. In accounting , revenue is a subsection of the equity section of the balance statement, since it increases equity. It is often referred to as the "top line" due to its position at the very top of the income statement . This is to be contrasted with the "bottom line" which denotes net income (gross revenues minus total expenses). In general usage, revenue is the total amount of income by

245-423: A margin of more than 2 to 1. With limited exceptions, the constitutional changes enacted through Measure 71 limit the length of legislative sessions beginning in odd-numbered years to 160 calendar days, and sessions beginning in even-numbered years to 35 calendar days. The changes took effect with the 2011 session. The first 35 regular sessions (i.e. until 1929) lasted 50 days or less. Since 1949 no annual session

280-456: A particular standard accounting practice or the rules established by a government or government agency. Two common accounting methods , cash basis accounting and accrual basis accounting , do not use the same process for measuring revenue. Corporations that offer shares for sale to the public are usually required by law to report revenue based on generally accepted accounting principles or on International Financial Reporting Standards . In

315-451: A poll of legislators found that two-thirds favored a shift to annual sessions. The Constitution of Oregon requires 3/5s vote in both houses in order to pass new taxes or increase existing ones. In addition, two-thirds of senators are required to form a quorum . Oregon Ballot Measure 113 was passed in 2022 to disqualify senators with ten unexcused absences from serving in the legislature following their current term, largely in response to

350-572: A series of walkouts by Republican senators. In the interim between legislative sessions, special study groups made up of state legislators with interests or expertise in the specific study areas investigate issues that will be addressed during the next legislative session. In addition, the state's legislative Emergency Board , which is jointly chaired by the President of the Senate and the Speaker of

385-413: Is a large, arched brick fireplace with a mantle of green tiles. Also inside are oak paneling in the dining room, a built-in ironing station, lead glass windows, boxed beams, a cooling closet, built-in bookcases, a lift from the basement for firewood, and wainscoting. The built in cabinets and flooring were made from quartersawn oak. These cabinets include doors with leaded glass. Two bedrooms are located on

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420-415: Is from something other than its core operations. The combination of all the revenue-generating systems of a business is called its revenue model . While the current IFRS conceptual framework no longer draws a distinction between revenue and gains, it continues to be drawn at the standard and reporting levels. For example, IFRS 9.5.7.1 states: "A gain or loss on a financial asset or financial liability that

455-422: Is meant to resemble an airplane with its smaller second story that provides a 360 degree view much like a cockpit . Other features that mimic aircraft are overhanging eaves and a low angle roof that combined resemble the wings of an airplane. The design exhibits the excitement generated by the early years of airplanes. Inside, the building has an open floor plan and comprises 4,000 square-feet. Prominently featured

490-450: Is measured at fair value shall be recognised in profit or loss ..." while the IASB defined IFRS XBRL taxonomy includes OtherGainsLosses, GainsLossesOnNetMonetaryPosition and similar items. Revenue is a crucial part of financial statement analysis. The company's performance is measured to the extent to which its asset inflows (revenues) compare with its asset outflows ( expenses ). Net income

525-473: Is printed. This is recorded as an advance to the retail bank together with a corresponding currency in circulation expense entry, that is, the income derived from the Official Cash rate payable by the retail banks for instruments such as 90-day bills. There is a question as to whether using generic business-based accounting standards can give a fair and accurate picture of government accounts, in that with

560-548: Is termed as a "citizens' assembly" (meaning that most legislators have other jobs). Since 1885, its regular sessions of up to 160 days occurred in odd-numbered years, beginning on the second Monday in January. Effective 2012, the legislature moved into an annual session, with the even-numbered years having a "short session" of 35 days or less, beginning in February. Bills may be introduced in either house, and must flow through

595-467: Is the result of this equation, but revenue typically enjoys equal attention during a standard earnings call . If a company displays solid "top-line growth", analysts could view the period's performance as positive even if earnings growth, or "bottom-line growth" is stagnant. Conversely, high net income growth would be tainted if a company failed to produce significant revenue growth. Consistent revenue growth, if accompanied by net income growth, contributes to

630-548: Is the total amount of income generated by the sale of goods and services related to the primary operations of the business . Commercial revenue may also be referred to as sales or as turnover . Some companies receive revenue from interest , royalties , or other fees . "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit , earned during a period of time, as in "Last year, company X had revenue of $ 42 million". Profits or net income generally imply total revenue minus total expenses in

665-609: The House of Representatives , with 60 members elected to two-year terms. There are no term limits for either house in the Legislative Assembly. Each Senate district is composed of exactly two House districts: Senate District 1 contains House Districts 1 and 2, SD 2 contains HD 3 and HD 4, and so on. (Maps of Senate districts can be found in the Oregon State Senate article.) Senate districts contain about 127,700 people, and are redrawn every ten years. The legislature

700-534: The House, can take action to provide additional funds to state agencies for activities required by law or that arise unexpectedly during the legislative interim. The job of a member of the Legislative Assembly is considered a "part-time" job in Oregon, and is compensated accordingly. Legislators are paid $ 33,852 per year. Presiding officers (the Speaker of the House and Senate President) are compensated double, $ 67,704 per year. While in session, legislators also receive

735-542: The Oregon Employment Department. And it directs the salary to be adjusted to conform to the mean only once every two years. It also authorizes a child care allowance for members who have children or dependents under the age of 13. Sen. Floyd Prozanski (D-Eugene) said at the hearing that the low pay deters Oregonians from serving in the Legislature and urged the new salary be approved. He said

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770-530: The apparent failure of SB1566. The three state representatives, Karin Power , Rachel Prusak and Anna Williams , said they could not afford to work full time for part-time pay. “We are a lawyer, nurse practitioner, and social worker,” the three said in a statement. “Seeing the hardships that families faced in our professional lives convinced us to run for office knowing these families deserved voices in our state government. Revenue In accounting , revenue

805-590: The association's digital media outlets. Business revenue is money income from activities that are ordinary for a particular corporation, company, partnership, or sole-proprietorship. For some businesses, such as manufacturing or grocery , most revenue is from the sale of goods. Service businesses such as law firms and barber shops receive most of their revenue from rendering services. Lending businesses such as car rentals and banks receive most of their revenue from fees and interest generated by lending assets to other organizations or individuals. Revenues from

840-436: The business. Other revenue (a.k.a. non-operating revenue) is revenue from peripheral (non-core) operations. For example, a company that manufactures and sells automobiles would record the revenue from the sale of an automobile as "regular" revenue. If that same company also rented a portion of one of its buildings, it would record that revenue as "other revenue" and disclose it separately on its income statement to show that it

875-549: The current pay serves to encourage only those with personal wealth or with multiple jobs to run for the legislature. Because of the high time commitment legislative positions require, the current salary also makes it financially difficult for some to stay in office once they’ve been elected. Ultimately, SB1566 did not make it out of the Senate Rules Committee. In light of this, three veteran House Democrats jointly announced they would not seek reelection because of

910-426: The event of an emergency," although it has never done so. The legislature's regular sessions were every two years until 2009. The legislative session in 2010 that referred Measure 71 to voters was a special session approved during the 2009 session by a majority of legislators, who were hoping to eventually win approval of a change to regular annual sessions. The push for annual sessions dates back to at least 1981, when

945-469: The event of an emergency." Voters narrowly defeated a constitutional amendment in 1990 that would have established annual sessions. In 1982 a special session lasted 37 days, and the governor called the assembly into special session five times in 2002, for a total of 52 days. The 2006 special session was the shortest in Oregon's history: five pieces of legislation were passed in only six hours. The legislative body may also call itself into special session "in

980-481: The large corner property. He had traveled to Pasadena, California , that year and discovered the arts and crafts style bungalows built there and returned with plans for a house in that style. Schulmerich died in 1937, and in 1967 Joan Krahmer purchased the house from a Mr. Mays. On February 28, 1991, the structure was added to the National Register of Historic Places. In 2003, the residence was featured in

1015-471: The magazine American Bungalow . As of 2005, Krahmer, a columnist for The Hillsboro Argus and former teacher at Hillsboro High School , still owned the property that retained original elements that included the linoleum and cabinets in the kitchen, bookcases on the second floor, many lighting fixtures, and sugar and flour bins. Designed in the Airplane Bungalow style of residence, the design

1050-544: The organization's mission , income from fundraising activities, and membership dues. Revenue (income and gains) from investments may be categorized as "operating" or "non-operating"—but for many non-profits must (simultaneously) be categorized by fund (along with other accounts). For non-profits with substantial revenue from the dues of their voluntary members: non-dues revenue is revenue generated through means besides association membership fees. This revenue can be found through means of sponsorships , donations or outsourcing

1085-497: The porch. Wood and stucco make up the siding on the exterior. [REDACTED] Media related to Edward Schulmerich House at Wikimedia Commons Oregon Legislative Assembly The Oregon Legislative Assembly is the state legislature for the U.S. state of Oregon . The Legislative Assembly is bicameral , consisting of an upper and lower house : the Senate , whose 30 members are elected to serve four-year terms; and

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1120-418: The sale of goods or services related to the company's operations. Sales revenue is income received from selling goods or services over a period of time. Tax revenue is income that a government receives from taxpayers. Fundraising revenue is income received by a charity from donors etc. to further its social purposes. In more formal usage, revenue is a calculation or estimation of periodic income based on

1155-465: The second floor, designed for ventilation during the warmer months and lined with a total of 34 windows. On the outside of the home is a wraparound porch protected by the roof which includes overlapping gabled dormers. There are large, L-shaped brick piers on the porch which, along with the chimneys, was built using clinker bricks . These cast-off bricks were also used to build the large brick foundation. Landscaping features purple wisteria that hangs on

1190-503: The value of an enterprise and therefore the share price. Revenue is used as an indication of earnings quality. There are several financial ratios attached to it: Government revenue includes all amounts of money (i.e., taxes and fees) received from sources outside the government entity. Large governments usually have an agency or department responsible for collecting government revenue from companies and individuals. Government revenue may also include reserve bank currency which

1225-476: Was shorter than 100 days. The longest session was the 72nd regular session, at 227 days, ending August 27, 2003. More recent sessions ended in June or July. The Governor of Oregon was the only person who could call the assembly into special sessions until 1976, when voters approved a constitutional amendment allowing the legislature to call itself into session. In either case, special sessions are permitted only "in

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