Commitment to transparency
Financial reporting is critical to the Town's fiscal and asset management. Those charged with financial analysis and reporting deliver accurate and timely communication by processing, analyzing and preparing data. The Finance Department prepares various reports to provide honest, direct communication to internal customers as well as to the public.
Comprehensive Annual Financial Report (CAFR)
In accordance with Colorado state law and the Town of Castle Rock Home Rule Charter, the Town contracts an independent firm on an annual basis to perform an audit of financial statements. Finance staff presents this audited financial information in a Comprehensive Annual Financial Report (CAFR) in accordance with Generally Accepted Accounting Principles (GAAP).
Popular Annual Financial Report (PAFR)
The Popular Annual Financial Report provides an overview of the Town's financial position as reported in the CAFR. Finance staff designs this report as a readily accessible and easily understandable version for the general public and other interested parties without a background in public finance. In past years, the CAFR and PAFR have received awards for outstanding financial reporting from the Government Finance Officers Association.
Quarterly Financial Reports
The Finance Department prepares Quarterly Financial Reports and presents them to Town Council to provide periodic updates on budget to actual performance. To view these reports and other financial transparency information, please visit the Transparency Portal.