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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.

2024 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 budgets were adopted by Council on December 12, 2023.

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.  

2023 Annual Comprehensive Financial Report

2022 Financial Audit

2021 Financial Audit

2020 Financial Audit

2019 Financial Audit

2018 Financial Audit

2017 Financial Audit

2016 Financial Audit

Timnath Capital Improvement Plans

Capital Improvement Plans outline major, often long-term investments in infrastructure, facilities, parks, etc.

5-Year Capital Improvement Plan – 2024

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.

2023 Town Budget

2022 Town Budget

2021 Town Budget

2020 Town Budget

2019 Town Budget

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.

2023 TDA Budget

2022 TDA Budget

2021 TDA Budget

2020 TDA Budget

2019 TDA Budget

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.

2023 TLGID Budget

2022 TLGID Budget

2021 TLGID Budget

2020 TLGID Budget