Finance Department

The Finance Department provides accurate and timely financial information that enables management and the City Council to make fiscally sound management decisions and ensure the long-term financial health of the city.

The department encompasses all financial services of the city, including sales and use tax collection and utility billing.

Financial Transparency Module

The Finance Department has established the Transparency Module, an online tool to provide convenient access to a variety of information about the city’s finances. The tool is designed to provide detailed and current information about city revenues and expenditures in a form that is readily accessible and understandable to residents with a variety of interests.

Explore the Transparency Module

Budget

The City of Montrose budgets on an annual basis for a fiscal year that begins January 1. The City Charter (Article V, Finance, Appropriations, and Taxation) outlines the basic budget procedure that is used to create, approve, and implement the city’s annual budget. 

Budget Development Process 

The city manager is required to prepare a recommended annual budget for the upcoming fiscal year and provide it to the City Council on or before October 15. 

The budget development process begins in early summer with each department preparing a preliminary budget estimate based on an analysis of its operational needs for the coming year. Departmental budget estimates are carefully reviewed and adjusted by the city manager and are then combined into a draft budget for the entire city organization. The draft budget is then provided to the City Council for review. Two public hearings are held in November to approve the budget and an appropriating ordinance. 

Public Participation

A Citizens Budget Advisory Committee was organized in 2013 as a new avenue for community involvement in the City’s budget development process. The city manager and finance director meet with the advisory committee to share information and discuss their input and ideas.

Advisory committee members and the public are also invited to attend budget planning sessions. Input received at these meetings helps shape the final proposed budget that is presented to the City Council on October 15. 

The public is also invited to submit specific questions online. 

Watch the 2023 Budget Presentation at The Forum


Finance Documents

Current and Past Budget Documents

  1. 2023 Proposed Budget
  2. 2023 Budget Presentation
  3. 2022 Final Budget
  4. 2021 Final Budget
  5. 2020 Final Budget
  1. 2019 Final Budget
  2. 2018 Final Budget
  3. 2017 Final Budget
  4. 2016 Final Budget
  5. 2015 Final Budget
  1. 2014 Final Budget
  2. 2013 Final Budget
  3. 2012 Final Budget
  4. 2011 Budget Document
  5. 2010 Budget Document

Audit Documents

  1. 2020 Financial Audit Report
  2. 2019 Financial Audit Report
  3. 2018 Financial Statements and Independent Audit Report
  4. 2017 Financial Audit Report
  1. 2016 Financial Audit Report
  2. 2015 Financial Audit Report
  3. 2014 Financial Audit Report
  4. 2013 Financial Audit Report
  1. 2012 Financial Audit Report
  2. 2011 Financial Audit Report
  3. 2010 Financial Audit Report

Contact Us

  1. Email

    400 E Main Street
    P.O. Box 790
    Montrose, CO  81402

    Ph: 970-240-1462
    Fx: 970-252-4762

    Hours

    Monday - Thursday
    7 a.m. - 6 p.m.

  1. What is the sales tax rate for the City of Montrose?
  2. Does the City of Montrose have a business license?
  3. How do I renew my sales tax license?
  4. How do I file my sales tax returns?
  5. How do I pay my utility bill after hours?
View All FAQs

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