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.
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 budgets were adopted by Council on December 13, 2022.
Every year, the Town of Timnath is audited by a credible, third-party organization to ensure our accounting standards are in line with best practices and state and federal requirements.
Capital Improvement Plans outline major, often long-term investments in infrastructure, facilities, parks, etc.
By Colorado State statute, every Town budget must be balanced, meaning we can only spend as much money as we collect from revenue.
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.
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.