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Colorado’s contract reports were off by as much as $2.1 billion. The next is due Sept. 30
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Rocky Mountain Voice, State, Top Stories

Colorado’s contract reports were off by as much as $2.1 billion. The next is due Sept. 30

By Shaina Cole | Contributing Writer, Rocky Mountain Voice By Sept. 30, Colorado's Department of Personnel and Administration is due to produce its annual tally of contracts covered by the state Procurement Code — the number awarded, the initial dollar amounts recorded, and the share that went to service-disabled veteran-owned small businesses.  The last three tallies were wrong by hundreds of millions to billions of dollars, the state auditor has found. And this year, the department has said it does not plan to send the report to lawmakers at all. The Office of the State Auditor laid it out in Report 2556P, a performance audit of the state's contracting goal for service-disabled veteran-owned small businesses, released in May.  The audit's stated purpose was to f...
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State Audit Finds Billion Dollar Accounting Errors In Colorado Unemployment Program
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Colorado Politics, Approved, State

State Audit Finds Billion Dollar Accounting Errors In Colorado Unemployment Program

By Marianne Goodland | Colorado Politics Colorado’s state auditors found serious issues with the accounting practices of the unemployment insurance division of the Department of Labor and Employment, concluding the agency underestimated and overestimated figures to the tune of billions of dollars. The auditors labeled the problems with its most serious concern — a “material weakness,” an indication of a significant flaw in financial reporting. That could create the possibility of a “material misstatement in the financial statements — one that auditors, regulators, and management can’t overlook.” The auditors found errors that required accounting adjustments, such as an overestimate in payments owed to claimants to the tune of $1.5 billion, when it should have been only...
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Audit Finds Financial Strain Growing in 16 Colorado School Districts
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Colorado Politics, Approved, State

Audit Finds Financial Strain Growing in 16 Colorado School Districts

By: Marianne Goodland | Colorado Politics Sixteen school districts in Colorado, almost all of them rural, are showing signs of financial stress, according to an audit released on the fiscal health of the state’s 178 public school districts. Eighteen other districts, however, are moving off the list with improvements to their fiscal health in the 2023-24 fiscal year. The Ellicott School District, east of Colorado Springs, was under the bullseye Monday, with five missed benchmarks in 2023-24, up from one in 2022-23. The district had no missed benchmarks just two years earlier.  School districts with two or more missed financial benchmarks, 2021-2022 to 2023-24. Of the 16 school districts that missed financial benchmarks, four were in rural El Paso County. The...
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Audit Finds Serious Financial Failures at Colorado’s Health Exchange
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The Denver Gazette, Approved, State

Audit Finds Serious Financial Failures at Colorado’s Health Exchange

By: Marianne Goodland | The Denver Gazette Worries that the quasi-governmental agency that operates Colorado’s official state-based health insurance marketplace was spending money for political purposes turned out to be unfounded, according to a new audit. But the state audit found that Connect for Health Colorado has serious problems with its financial management, including a lack of oversight on the use of a credit card by its chief executive officer. That questionable spending included up to $13,000 on alcohol alone over an 18-month period. The audit released Monday by the Legislative Audit Committee looked into the financial management and sponsorship activity of Connect for Health Colorado. It found that the organization’s policies and oversight need major change...
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