Budget & Financial Reports

2023 Budget Preparation

The Board of Trustees began reviewing the 2023 proposed budget in a Work Session on Wednesday, September 21. All Department Directors presented their budgets for the General Fund.  During the Board Meeting on Wednesday, September 28 the Capital Projects Fund, Debt Service Fund, Conservation Trust Fund, Firestone Urban Renewal Authority, and Stormwater Fund were presented. 

View the following fund's proposed 2023 budget documents: 

Any updates made to these documents will be posted in a timely manner. According to the schedule below, after subsequent funds are presented and discussed, those documents will be posted online. 

Please note that these numbers are proposed and subject to change.  

Upcoming Tentative Budget Calendar

  • Wednesday, October 19: the Water Fund and the Capital Improvement Fund will be reviewed
  • Wednesday, October 26: Review of Proposed Budget
  • Wednesday, November 9: Review of Proposed Budget, if necessary
  • Wednesday, November 16: Budget Adoption in a Public Hearing 

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.