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
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 12, 2023.
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.
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.