Budget & Financial Reports

Budget

The Town of Firestone budget is a financial plan for the annual public operations for the Town. The annual budget is a balanced budget, which means that planned expenditures do not exceed the total of revenues plus other available funds, such as fund balances. This is an important distinction since a growing community such as Firestone may reasonably be expected to receive development related revenues in one year that are intended to be held in reserve until expended in a future year on capital projects. The expenditure of existing fund balances under these circumstances should be viewed as part of a multi-year financial plan and not just in the isolation of a single year. 

Each annual budget addresses key initiatives and goals laid out by the Board of Trust

Financial Reports

State of Colorado law requires that all general-purpose local governments publish, within six months of the close of each fiscal year, a complete set of financial statements presented in conformity with generally accepted accounting principles in the united states and audited in accordance with generally accepted auditing standards by a firm of licensed certificated public accounts. The result is an annual financial report.