The wise use and stewardship of the public’s tax dollars is the primary responsibility of the Office of Financial Management (OFM). Through a judicious annual budgeting process, and the diligent daily efforts of our highly trained finance and budget staff, Boulder County maintains an open, accurate, and accountable record of all financial practices.

Budget

• Planning, coordination, implementation and monitoring of the county budget in the current and future years.
• The Budget Team performs a variety of budgetary functions including revenue projections, trend analysis, capital expenditure management, multiple year budget forecasting, and TABOR compliance.

Financial Services

• Cash Receipting and Accounts Receivable – managing the payments received from external customers and grantors to ensure that each cash receipt is supported by appropriate documentation, entered in the appropriate period, and relates to the correct customer and account code.
• Accounts Payable – managing the payment process to outside vendors as well as for employee reimbursements to ensure that each payment is supported by appropriate documentation and complies with county and other relevant policies, regulations and standards.
• Procurement Cards – ensuring that cardholders are following the guidelines of the program as well as complying with county policies
• General Ledger Accounting – preparing, reviewing and approving of accounting transactions for inclusion in the county’s general ledger and subsidiary ledgers. Journal entries are reviewed for compliance with Generally Accepted Accounting Principles (GAAP) and Government Accounting Standard Board (GASB) pronouncements.

Financial Reporting & Compliance

• Grant Management – helping the county agencies apply, administer, report and closeout grants, and handling the county’s annual single audit.
• Financial System Management – working alongside the IT department to maintain the integrity of the county’s financial software.
• Financial Reporting – preparing the Annual Comprehensive Financial Report (ACFR), produced annually. This is audited by an independent public accounting firm, as required by Colorado State Statutes. Another key component of financial reporting is the Schedule of Expenditures of Federal Awards (SEFA) which is audited annually.
• Debt Management – analyzing the financial markets, issuing and refinancing financial instruments, and complying with IRS and SEC regulations.
• Capital Assets – managing assets that are capital in nature, from procurement to capitalization, tracking and depreciation.

Purchasing

• The Purchasing Team manages all aspects of the procurement process, including a competitive vendor selection process, purchase orders, and overall compliance with county purchasing policies and other regulations.

We are a team of dedicated professionals who use our talents and expertise to provide high quality financial services. We support the public service missions of Boulder County by providing fiscal leadership, ensuring regulatory compliance, safeguarding of assets, and providing timely delivery of information and services to internal and external customers.