Find Colorado Springs Colorado budget departments. Budget departments provide information on budgeting, financial information, debt, expenses, financial plans, projects, grant funding, state and federal aid.
Colorado Springs Budget Departments are primarily responsible for the development, implementation, and monitoring of the annual budget in Colorado Springs, CO. Budget Departments also prepare multi-year capital improvement plans, long-range financial forecasts, and provide information to Colorado Springs policy makers regarding the efficient and effective use of resources. Budget Departments are found at every level of government. However, in smaller cities and towns, the responsibilities of a Budget Department may be incorporated into another office or agency such as the Colorado Springs Finance Department or the office of the chief executive. The Budget Department for the federal government is the Office of Management and Budget (OMB).You may contact the Budget Department for questions about:
The budget development process begins with the Colorado Springs Budget Office, in consultation with the chief executive, establishing budgetary priorities and guidelines for the upcoming fiscal year. The Budget Department assists other Colorado Springs government departments in formulating their budget requests and oversees the preparation of revenue estimates, including any adjustments to tax rates. This process yields a proposed budget, which is then subject to review, modification, and approval by the Colorado Springs finance committee, the legislative body, or both. In many localities, the budget must also be approved at a town meeting or by referendum.Financial Reporting
Once approved, the Colorado Springs Budget Department coordinates the implementation of the budget and monitors revenues and expenditures throughout the fiscal year. The Budget Department prepares monthly or quarterly reports that depict the status of revenues and expenditures and provides these reports to management, Colorado Springs elected officials, and the general public. Significant deviations from the approved Colorado Springs budget may result in the Budget Department making recommendations for corrective action.Colorado Springs Government Performance
Budget Departments are tasked with special projects for improving operational efficiency or the effectiveness of Colorado Springs government programs and services. Budget Departments may also coordinate the development of performance measures and a performance management system. Budget Departments also project the likely financial impact of a proposed policy, rule, or program. Management and policy makers in Colorado Springs, Colorado can use this information to decide whether to adopt or modify a proposal.