Financial Statements

The North Front Range MPO is required to obtain an annual audit conducted by an independent auditing firm.  In 2007 the audit was conducted by the independent accounting firm of Anderson & Whitney PC.

After the audit is complete, each member of the NFRMPO Council receives a copy of the Independent Audit Report.  A copy of the report is also sent to the Colorado Department of Transportation, the Federal Highway Administration, the Federal Transportation Administration, the Federal Audit Clearing House and the Colorado State Auditor.

During the months of May, June and July, a proposed budget, referred to as the Unified Planning Work Program, or “UPWP,” for the fiscal year commencing the following October 1 is prepared with coordination from the Technical Advisory Committee, Transportation Advisory Group, UPWP Sub-Committee, and the MPO staff, along with input from Colorado Department of Transportation’s Division of Transportation Development and Region 4 representatives.   The budget includes task scopes of work, proposed expenditures and the means of financing them.  Prior to October 1, the UPWP is adopted by formal resolution.  The UPWP is generally adopted by Council action at its August meeting. 

MPO project expenditures may not exceed the UPWP budgeted totals.  Any revisions that alter the total budgeted expenditures of any tasks must be approved by the Council or by means of an administrative amendment, to be formally incorporated into an amended UPWP.  The council also adopts the Unified Planning Work Program as its annual fiscal year budget.