Budget

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 Budget preparation begins in July of each year and is completed with approval of the budget by the District’s Board of Directors before December 15th of each year for the following year. The Certification of Assessed Value is received from the counties (Douglas and Arapahoe) by August 25th, and all proposed budgets are required from the budget managers throughout the District by this date. Finance then begins consolidating all of the data with proposed revenues and producing summaries by division and fund. Meetings are held with Executive staff to review the proposed budget individually and as a whole. A proposed budget is then presented to the Board by October 15th. At the October Board meeting, a budget presentation is provided to the Board giving highlights and changes or initiatives being proposed. A public hearing is held at the November Board meeting and final assessed value numbers are received from the counties by December 10th. Between December 10th and December 15th, the Board of Directors approves the final budget with Finance certifying the mill levy revenue to the counties by the 15th of December. 
   
The Authority received the Government Finance Officers Association Distinguished Budget Presentation Award for its 2015 Budget. The Authority’s budget document was judged to be proficient in several categories, including as a policy document,  a financial plan, an operations guide, and a communications device.   





 
 

GFOA Distinguished Budget Presentation plaque

 


 
 

  

 

  

The Authority received the Government Finance Officers Association Distinguished Budget Presentation Award for its 2015 Budget. The Authority’s budget document was judged to be proficient in several categories, including as a policy document, a financial plan, an operations guide, and a communications device. The Authority received the Government Finance Officers Association Distinguished Budget Presentation Award for its 2015 Budget. The Authority’s budget document was judged to be proficient in several categories, including as a policy document,  a financial plan, an operations guide, and a communications device.