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Wellington audit progress frees withheld tax and state funds; staff outlines 2026 budget calendar
Summary
Town staff reported continued audit work, said the 2022 audit was cleared and property tax withholdings of roughly $2.3 million were released; CDOT released $211,000 in HUTF funds and DOLA is awaiting the 2023 audit before releasing conservation trust funds. Staff also shared the 2026 budget calendar and timing for budget workshops.
Town finance staff reported that auditors are actively testing internal controls and that the town is making progress on overdue audits. The Town Treasurer said the 2022 audit was completed and that Larimer County has released roughly $2,300,000 in withheld property taxes to the town.
The Treasurer told the advisory board that the Colorado Department of Transportation released about $211,000 in highway users tax fund (HUTF) dollars and that the Department of Local Affairs is awaiting submission of the 2023 audit before releasing conservation trust funds. The Treasurer said those withheld revenues were deposited in May and will appear in financial…
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