Central Accounting and Vendor Operations
Central Accounting and Vendor Operations (CAVO) provides a variety of centralized professional and technical services and assistance for State departments including: federal tax reporting, warrant and electronic funds transfer (EFT) control, disbursement and escheatment management, PERA reporting for retirees working as independent contractors, Vendor/Customer modification and maintenance, vendor intercept table management, and IRS tax levy processing. CAVO is the business process owner for these unit functions in CORE. CAVO also manages Vendor Self Service (VSS) certifications and updates to the Vendor/Customer tables in CORE for external State vendors. The unit recommends and implements statewide accounting policies and procedures per best business practices, rules, and standards and analyzes business issues and options as well as provides training.
Please contact email@example.com with any questions related to vendors, payments issued out of CORE, or federal tax reporting.
Central Payroll Services
Financial Services Unit
The Financial Services Unit acts as liaison between the State Controller and operating agencies to oversee the financial affairs of Colorado state government. Provides professional and technical assistance to agencies regarding the interpretation of statutes, fiscal rules, and other accounting authoritative guidelines. Approves certain accounting transactions.
The State Commercial Card Services Contract provides commercial purchase cards, travel cards, and other types of integrated credit card services, such as OneCards and ePayables, to State Agencies, State Institutions of Higher Education, Community Colleges, Local Governments and other governmental entities. The key benefits of this program include reduced financial risks and increased liability coverage, enhanced program monitoring and compliance tools, increased rebate revenues based on aggregate program spend, ability to select the card type(s) that will work best for your entity, cost savings and free training and conferences.