Colorado § 8-88-306 - Annual performance and financial audit - report.
Full text of Colorado Colorado Revised Statutes § 8-88-306 — Annual performance and financial audit - report., with citation guidance and answers to common questions.
§ 8-88-306. Annual performance and financial audit - report.
(1) (a) On or before December 1, 2027, and on or before each December 1 thereafter, the authority shall prepare and submit a financial and performance report to the joint budget committee of the general assembly. At a minimum, the report must include:
(I) How much money was collected in donations and deposited in the authority's account as required by section 8-88-302 (2)(a) in the preceding fiscal year;
(II) A description of every expenditure made by the authority in the preceding fiscal year, including grant or contract expenses and administrative costs, such as staff salaries and operating expenses;
(III) The total amount of grant or contract awards made in the preceding fiscal year and a description of the types of programs and services funded by those grant or contract awards;
(IV) The total number and value of grants or contracts that remain open for reimbursement in the current fiscal year; and
(V) The total of anticipated expenditures in the current fiscal year.
(b) The authority shall present the December 2027 and December 2028 annual reports in person at a meeting of the joint budget committee of the general assembly. Beginning with the December 2029 annual report and for each annual December report thereafter, the authority shall submit a written report but is not required to present the report in person.
(2) In addition to the annual report required by subsection (1) of this section, the state auditor shall, upon the affirmative vote of a majority of the members of the legislative audit committee created pursuant to section 2-3-101, conduct or cause to be conducted postaudits of the authority pursuant to section 2-3-103 (1)(b).
Source: L. 2026: Entire part added, (HB 26-1382), ch. 301, p. 1711, § 10, effective June 2.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 8-88-306
What does Colorado Revised Statutes § 8-88-306 cover?
Section 8-88-306 ("Annual performance and financial audit - report.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 8-88-306?
A common citation format is "Colorado Revised Statutes § 8-88-306" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 8-88-306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
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