Finance

The Finance Department provides all necessary accounting, budget, payroll, and purchasing and Sales Tax support and information to all County departments and the citizenry of Douglas County.

As stewards of the County’s fiscal resources, we are committed to:

  • Promoting a culture of accountability and ethical conduct.
  • Ensuring compliance through adequate internal controls for the purpose of safeguarding resources and minimizing liabilities.
  • Valuing the contributions of our employees and encouraging their professional growth and development.
  • Analyzing information to forecast trends and assist in decision making.
  • Fostering an environment of open communication, education, cooperation and service.
  • Providing timely and accurate financial reports.
  • Leading local government through the development of innovative financial solutions.

Approved Vouchers

2013 First Quarter

    ACH Agreement

    Document Resources

    Annual Financial Reports

    Budget Division

    Throughout the year, Douglas County's budget is amended to provide spending authority for new revenues from grants or other sources not anticipated or known at the time of adoption.  The budget may also be amended to provide spending authority for restricted funds not fully spent in the prior year or for new initiatives.

    Contingency Log

    There are times during the year when external events and/or unanticipated operational requirements or opportunities stimulate a request for contingency funds.

    Contingency funds are part of the adopted budget. These funds are used for expenditures that could not have been reasonably foreseen at the time of the annual budget adoption.

    Following are the criterion for assessing the use of contingency funds:

    • Is there capacity to fund the need within the existing operating budget of the Office of Department?
    • Is there an alternative funding source?
    • Is there an urgent need?
      • Must this be funded within the current budget year or can it wait and be funded in the subsequent year’s budget?
      • Must this be funded within the current budget year or can it wait and be funded in the subsequent year’s budget?
    • What is at risk should the expenditure be delayed to the following year?
    • Has it received proper authorization?
      • Has it received County Manager approval for amounts up to $100,000?
      • Has it received Board approval for amounts over $100,000?

    2014 Contingency Log - 1st Quarter

    2013 Contingency Log

    2012 Contingency Log

    2011 Contingency Log

    Contracts

    County Debt

     

    Debt Summary


    Douglas County's current total debt is $40.9 million (interest included). Click on the “Debt Summary” link above to see a spreadsheet summarizing our current outstanding debt.

    The County's current debt is solely dedicated for road improvements ($11.1 m) and open space/parks ($29.8 m). These are special revenue obligations secured by pledged revenues from voter approved sales and use tax. We have leveraged this debt by using it to gain funding from partners, such as CDOT and GOCO. The Hwy 85/C470 flyover, Ridgegate Road, and Greenland Ranch are all excellent examples of leveraging these dollars. GOCO has provided almost $39 million in grants to Douglas County since 1995.

    In January 2011, Fitch (a national rating agency) assigned to Douglas County an implied general obligation bond rating of AA+. In their press release they note: "The implied GO rating reflects the county's strong general credit characteristics, evidenced by a history of large financial reserves, conservative budgeting, and effective cost controls." They go on to note that, "The County's financial operations are sound, marked by consistently positive variances and very high reserves." In May of 2012 an additional review of the County’s credit rating was done by Standard & Poors that affirmed the AA+ credit rating with a continued stable outlook for the future.

    Douglas County has no general obligation debt and no outstanding certificates of participation.

    Financial Dashboard / Reporting

    Form W-9

    Document Resources

    Salary Information

    Sales and Use Tax Collection Reports

    Multimodal Transportation - Board GoalEconomic Foundations - Board Goal

    Finance Department

    100 Third Street, Suite 130
    Castle Rock, CO 80104
    Phone: 303.660.7430
    Fax: 303.660.9661
    finance@douglas.co.us

    Office Hours:

    8:00 a.m. to 5:00 p.m.

    Purchasing Information

    Phone: 303.660.7434
    criggs@douglas.co.us

    Sales Tax Information

    Phone: 303.660.7340
    hkellogg@douglas.co.us