Tag: Office Of The State Auditor
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Colorado budget gets clean opinion from Office of the State Auditor
Colorado’s state auditor issued a “clean” opinion on the financial statements prepared by the government and higher education institutions, concluding they met generally accepted accounting principles and the documents were presented fairly. The state’s financial statements reported total assets of $65.9 billion and expenditures of $56.3 billion. The state also spent just over $20 billion…
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Audit finds major gaps in Colorado’s oil and gas reporting, enforcement
The agencies responsible for regulating Colorado’s oil and gas industry are underperforming when it comes to reporting and enforcement and they also failed to collect payments amounting to hundreds of thousands of dollars in lost revenue, according to a state audit. The Office of the State Auditor reviewed 2023 data on oil and gas production…
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RTD has some work to do says the Office of the State Auditor
Facebook Twitter WhatsApp SMS Email Print Copy article link Save The Regional Transportation District needs to make some changes to comply with Colorado financial and reporting requirements, according to a 104-page report from the Office of the State Auditor. For the most part, RTD is in “overall good financial standing based on nine indicators of…
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Colorado audit finds inaccuracies, unclear information in Medicaid letters to members
A state audit released Monday showed that communications from Medicaid to its members is not always accurate, complete or understandable. The report from the the Office of the State Auditor says that information needs to be more accurate, understandable, informative and clear. The audit found that of 80 sampled letters sent to Medicaid members, 72…
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Over 90% of Colorado school districts meet fiscal health standards
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More than 90% of Colorado school districts are meeting the state’s benchmarks for fiscal health, according to an annual analysis released Wednesday. Of Colorado’s 178 school districts, only 17 showed indications of financial stress in 2021, the Office of the State Auditor found. In 2020, 20 districts failed to meet fiscal health benchmarks. In 2019,…
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Audit uncovers numerous issues in Colorado’s veterans service program
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Colorado is failing to adequately plan for, supervise and support its veterans service program, according to a performance audit released on Wednesday. As of last year, there were around 388,000 veterans living in Colorado. These veterans rely on state service officers to help them obtain benefits and resources, such as pensions, disability compensation, medical care…
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Colorado’s DMV services now more efficient, less time consuming: audit
The Colorado Division of Motor Vehicles is becoming more efficient and less time consuming for customers, according to an audit released on Wednesday. In 2021, Colorado’s 35 state-run driver’s license offices reached their goal of completing at least 75% of customer transactions within 30 minutes, the Office of the State Auditor found. Those offices completed…
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Audit: Dozens of Colorado’s tax deductions, exemptions are underused
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Dozens of Colorado’s tax deduction and exemption programs are being underused, with many having absolutely no use at all, according to a new state audit. The Office of the State Auditor released its fifth annual tax expenditure compilation report on Friday, detailing individual evaluations of 48 tax expenditures, including various tax credits, exemptions and deductions.…