New report enhances financial transparency

Castle Rock Colorado News and InformationThe Town of Castle Rock prides itself on conservative financial management, and also on transparency.


Both of these values are spotlighted by the Town’s new Financial Report to the Community – Year Ended December 31, 2016, available at CRgov.com/FinancialReports.


The eight-page report provides an overview of the Town’s financial position as fully reported in the Town’s 200-page Comprehensive Annual Financial Report (CAFR).


The smaller report is formally known as the Popular Annual Financial Report (PAFR). The format of both reports is stipulated by the Government Finance Officers Association, which promotes excellence in local government financial management.


The reports feature 2016 financial highlights, including a water bond refinancing that saved the Town’s water customers $22.7 million in 2016. The reports also detail the Town’s $62 million increase in net worth in 2016 and provide information regarding the Town’s capital assets, debt and investments.


Additionally, the smaller report contains some 2016 performance information, as previously shared with the community in the Town’s Report to the Community – Year-end 2016, available at CRgov.com/MajorProjects.


The Town strives to keep its residents informed regarding Town happenings. Community members are encouraged to review this report and to contact the Finance Department with any questions, 720-733-2227 or [email protected]­­­


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