Fiscal Rules-Effective July 1, 2024

The purpose of these Fiscal Rules is to implement statutory provisions, set fort principles concerning internal controls, accounting policies, and financial reporting for the State of Colorado, and assist the State Controller in managing the finances and financial affairs of the State. Colorado Revised Statutes created the Office of the State Controller.  Part 2, Title 24, Article 30, C.R.S., lists the powers and duties of the State Controller and is incorporated as a reference into each of these Fiscal Rules. Section 24-30-202(13), C.R.S. provides the authority of State Controller to issue binding Fiscal Rules and is specifically incorporated into each of these State Fiscal Rules as statutory authority.  

These documents are presented in Portable Document Format (.pdf). 

• Secretary of State Official Fiscal Rules
• Office of the State Controller Adopted Fiscal Rules effective as of July 1, 2024 - All Chapters  
• Chapter 1: Accounting and Internal Control
  • Accounting Principles and Standards
  • State Financial System
  • Delegated Authority
• Chapter 2: Disbursement
  • Propriety of Expenditures
  • Receiving Reports
  • Payment Terms
  • Official Functions and Training Functions
  • Miscellaneous Compensation and Other Benefits (Perquisites)
  • Moving and Relocation
  • State Commercial Cards
• Chapter 3: Commitment Vouchers
  • Commitment Vouchers
  • Purchase Orders
  • State Contracts
  • Grants
  • Interagency Agreements
• Chapter 4: Capital Construction
  • Capital Construction Administration
  • Capital Construction Projects
  • Capital Construction Carryforwards and Reversions
• Chapter 5: Travel
  • Travel
• Chapter 6: Cash
  • Cash Receipts and Deposits
  • Change Funds and Petty Cash Funds
  • Imprest Cash Accounts and Bank Accounts
  • Refunds, Reimbursements, and Retroactive Refinancing
  • Payments Returned by Financial Institutions
  • Federal Cash Management
• Chapter 7: Budget
  • Spending Authority
  • Expiration and Rollforward of Appropriations
  • Overexpenditures and Required Reporting
  • Common Policy Disputes
• Chapter 8: Reporting
  • Financial Statements
  • Quarterly Financial Reporting
• Chapter 9: Payroll
  • Use of the State Payroll System
  • Direct Deposit Payroll for State Employees Paid on the State Payroll System
  • Payroll Cycles
  • Final Pay for a Terminating State Employee
  • Overpayments to State Employees
  • Miscellaneous Compensation
  • Assignment of State-Owned Vehicles
• Chapter 10: Collections
  • Collection of Debts Due to the State
• Prior Fiscal Rules

Back to Top