Finance Department
The Finance Department for the Town of Timnath is responsible for all of the financial and accounting operations for the Town. This includes accounts receivable, accounts payable, sales tax, payroll, purchasing, financial reporting and more.
Contact
970.224.3211
Email the Finance Department
Email the Sales Tax Department
2025 Budget
The Annual Budget is a blueprint for how the Town will provide services and allocate resources. It’s a reflection of community priorities and needs. The following draft budgets were presented to Council at the September 30th work session and will be adopted by Council on December 10, 2024.
Transparency and Accountability
Review financial documents from past years.
Financial Audits
The Town receives an independent audit annually per state requirements. The Annual Comprehensive Financial Report (ACFR) is in accordance with Generally Accepted Accounting Principles (GAAP) and the Government Finance Officers Association (GFOA). The Town has issued the first ACFR in 2023 with the anticipation of receiving the first Award in Financial Reporting by the GFOA.
Timnath Capital Improvement Plans
Capital Improvement Plans outline major, often long-term investments in infrastructure, facilities, parks, etc.
Town Budgets
By Colorado State statute, every Town budget must be balanced, meaning we can only spend as much money as we collect from revenue.
Timnath Development Authority Budgets
The Timnath Development Authority (TDA) is a separate entity from the Town. It has its own budget and governance. The Town Council also acts as the TDA Board.
Timnath Landing General Improvement District Budgets
The Timnath Landings General Improvement District (TLGID) is a separate entity from the Town. It has its own budget and governance. The Town Council also acts as the TLGID Board.