The Department of Finance produces many financial reports. These reports vary from the Mayor's Budget to the Comprehensive Annual Financial Report and Disclosure Statements to Investment Portfolio Performance. Together they provide in-depth information about the financial condition of the city, how the city operates, and where the city spends resources to provide services.
Capital funding is necessary for the ongoing maintenance and repair of the city's capital assets. A capital improvement project is any improvement to, construction or acquisition of buildings, viaducts, roads, streets, streetscape projects, pedestrian malls, plazas, designated parks, or other real property of a permanent nature. The city's Capital Improvement Program manages the city's annual budget process for citywide capital maintenance and development needs, develops the annual Six-Year Capital Improvement Plan (PDF) and provides analysis for decision making and strategic capital planning efforts.
Material contained in the disclosure statements has been prepared to comply with Rule 15c2-12 of the U.S. Securities and Exchange Commission and the Denver Mayor's Executive Order 114, first enacted in 1996, which further commits the city to provide ongoing information about the city's financial condition. The disclosure statement must be read in conjunction with the city's Comprehensive Annual Financial Report (CAFR).
The “City and County of Denver Financial Sustainability and Benchmarking Project” is an independent, third-party analysis and evaluation conducted by a group of University of Denver Daniels College of Business graduate students. This report compares the city’s financial condition and fiscal health to that of certain cities determined by the authors to be the city’s economic peers. This report was presented to representatives of the city’s Department of Finance on June 2, 2014.
Download the full report (PDF) by Daniels College of Business students Nicole Archambeau, Stephen Bandrowsky, Conor Hess, Dylan Proietti, and Danni Yan.
The findings and recommendations in this report will serve as a platform for the city’s Department of Finance for further development of ongoing benchmarking and transparency efforts.
The findings and recommendations in this June 2, 2014 report reflect only the views of the University of Denver students listed and the data in this report was developed and set forth in the report by those students. City representatives have not verified or updated any of the data in the report. This report speaks only as of its date and the city does not take any responsibility for the accuracy, completeness or importance of the information contained in this report.
The city invests its funds to provide the highest investment return consistent with preservation of principal and provision of the liquidity necessary for daily cash flow demands.
Download the Investment Policy
(Download PDF | File size: 437 KB)
City Quarterly Investment Reports (PDF):
The City and County of Denver distributes Property Tax collections monthly per the guidelines laid out in C.R.S. 39-10-107. These distributions are made to levying entities, along with Denver Urban Renewal Authority (DURA) as well as funds within the City and County of Denver. Distributions are made on the tenth of each month and comprise net collection activity for the prior month. Denver Public Schools (DPS) receives an extra distribution on the 24th of March, May, and June, comprising collections from the first to the twentieth of the prior month. The distribution to DPS on April 10, June 10, and July 10 comprises collections from the 21st through the end of the prior month.
The Single Audit Report is federally mandated by the Single Audit Act of 1984, the Single Audit Act Amendments of 1996, and the Office of Management and Budget's (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, which requires an audit to be conducted for any non-Federal entity that expends $750,000 or more in a fiscal year in Federal awards. This audit is conducted by an independent auditor and the main objectives are to ensure a fair presentation of the basic financial statements and the schedule of expenditures of Federal awards and to also audit the city's internal controls and compliance with legal requirements, with special emphasis on internal controls and legal requirements involving the administration of Federal awards expended during the fiscal year.
Single Audit (PDF) | File size: 342 KB
The Active Tax Increment Financing (TIF) Areas (PDF) table provides a list of active TIF areas throughout Denver. An important component of the Department of Finance’s mission is to encourage the redevelopment of underutilized property in Denver. To support this objective, the city partners with the Denver Urban Renewal Authority (DURA) to provide financial assistance for redevelopment projects that enhance neighborhood vitality and help drive economic growth across the city. One of the tools used to facilitate redevelopment projects is TIF. TIF is a financing tool that allows incremental property and/or sales taxes to supplement the required financing of the redevelopment project.
Additional information on the DURA and the mechanics of TIF can be found on DURA’s website.