The Town of Telluride is a Colorado Home Rule municipality. Funds included in the financial statements to be audited will be the General, Debt Service, Restricted, Energy Mitigation, Capital Improvement, Street, Alley & Bridge, Open Space, Transit, Conservation, Affordable Housing, Airline Guarantee, Town Lodgers’ Tax Fund and Enterprise (Water, Wastewater, Parking, Virginia Placer, Sunnyside and Shandoka) Funds. The Financial Statements and Independent Auditors Report is available on the Town’s website www.telluride-co.gov
The Town operates under a Council-Mayor form of government, with the Town Council being composed of seven members. The Town is administered by an appointed Town Manager, who is responsible to Town Council. There are ten departments: Council, Town Manager, Town Clerk, Finance, Town Attorney, Administrative Services, Public Safety, Planning and Building, Public Works, Historic Preservation and Parks & Recreation.
Accounting functions are performed on the Town’s network computer system using a comprehensive government accounting software package (Caselle).
Historically, the Town has been the recipient of federal grant funding. It is anticipated that grant funding receipts will continue in future years. The Town has not had federal grant expenditures of $750,000 the past year but will possibly be subject to a Single Audit for year-end December 31, 2023.