Budget & Financial Reporting

Budget Process

The Town Manager presents the annual budget for the Town of Frisco. The annual budget is the financial plan for providing the services of public safety, community planning and development, water services, public works, buildings and grounds maintenance, general administration, marketing, special events, recreational programs, and capital improvements to the Town of Frisco.

The budget process starts in August and continues through November. The approved budget addresses goals previously identified by the Council and the community and incorporates the discussions of Council and staff during the budget process. The annual budget also maintains required reserves to ensure the financial stability of Frisco for future citizens, businesses, and visitors.

The budget is the financial master plan for the Town of Frisco. Like all plans, this budget will change and develop as circumstances arise. As more information becomes available, Council will act to modify this plan to better provide for the needs of the Town.

Financial Reporting

The Town’s Finance Department compiles the Monthly Financial Report, which includes but is not limited to sales and lodging tax and real estate transfer tax information. This report is available approximately six to seven weeks after the end of the reporting month, as the State of Colorado and Summit County provide data for this report, and subsequently, data is reconciled by Town staff. For example- December financial information would likely not be available until approximately mid-February.

The Mountain Communities Report is made available on a monthly basis by the City of Steamboat Springs based upon tax information collected by their finance department from several other mountain communities.

Annual Comprehensive Financial Report

The Town of Frisco’s financial statements are audited each year by an independent audit firm and the results of this audit are reported in the comprehensive annual financial report.

Popular Annual Financial Reporting: The Frisco Community Report

The Community Report is a combined summary for the Town’s services, activities and the Popular Annual Financial Report (PAFR), which is a summarized and condensed overview of the Town’s financial position.