Garfield County has again earned a strong financial review from an independent auditor, which found that the county’s financial recording was conducted with the highest standards. McMahan and Associates, LLC, reported that Garfield County had no violations or conflicts associated in its 2020 comprehensive annual financial report (CAFR).
The Garfield County Finance Department has earned the Government Finance Officers Association’s (GFOA) Certificate of Achievement for Excellence in Financial Reporting (ACFR) for 2020. This marks the 13th straight year the finance department has been honored with the certificate by the GFOA for its annual comprehensive financial report. The award is presented to state and local governments that prepare financial documents at the highest quality, meeting all mandatory criteria. The county’s financial report was audited by McMahan and Associates, LLC, certified public accountants and consultants, out of Avon, to validate its accuracy. “This audit is to ensure that our finances
Garfield County has adopted its 2022 proposed budget, which features a balanced $94.6 million operating budget and $6.5 million in capital projects. The budget includes $7 million for discretionary grants. The county’s projected year-end fund balance is $81.9 million, a decrease from a projected $88.3 million at the end of 2021. The 2022 adopted proposed budget includes a balanced operating budget with revenues in excess of expenditures by $2.3 million and with a drawdown from capital and discretionary expenses of $8.7 million. “The estimated operating revenues exceed the proposed operating expenditures by $2.3 million,” said Lea Ann Zinnikas, interim Garfield