The Department of Finance produces financial reports that vary from the City's Budget to the Comprehensive Annual Financial Report and Disclosure Statements. Together they provide in-depth information about the financial condition of the city, how the city operates, and where the city spends resources to provide services.
Littleton's fiscal year runs from January 1 to December 31 each year. The city's annual budget gives city staff the authority to spend funds according to policy goals set by the Littleton City Council. The city manager works in collaboration with city leadership and staff to develop the budget. The city manager then presents it to city council. The council holds a public hearing on the proposed budget and the final budget is approved prior to December 1 each year.
The Annual Comprehensive Financial Report provides in-depth information about the operations and financial position of the City of Littleton. The Annual Comprehensive Financial Report (ACFR) is prepared in accordance with accounting principles generally accepted in the United States of America (USGAAP) and is audited by a firm of licensed certified public accountants.
Each month, the Finance Department prepares a report for Littleton City Council which presents the general fund sources (revenue) and uses (expenditures), as well as the detailed budget vs. actual revenues and expenses for all other funds. The general fund is the fund from which most city services are paid, such as police, street maintenance, grounds maintenance, community planning, building permits, library and museum.
Monthly reports will be posted as they become available and will be available online for 180 days. A printed version is available from the Finance Department upon request by email or calling 303-795-3765.
The impact fee report is released after annual audit is completed.