News Flash

City of Grand Junction News

Posted on: August 17, 2021

City Receives Favorable Audit Report

City Hall exterior

During tonight’s regular meeting, City Council heard a favorable presentation of the City’s 2020 Comprehensive Annual Financial Report from the City’s Auditor, Ty Holman of Haynie and Company. The Comprehensive Annual Financial Report is a detailed presentation of the City’s financial condition as of December 31, 2020.

The report covers the City’s structure and services provided, independent audit results, budget process, economic factors that impact the City’s financial condition, a recap of major projects during the year, and a future outlook section.

Finance Director Jodi Welch notes, “The City of Grand Junction remains committed to providing high-quality services and investing in the future of the community. The City’s goal is to provide critical services in the long term while maintaining a sound financial position. Priorities shaping the future are economic development, public safety, investments in infrastructure, and planned growth and development. The City continues to foster strong community partnerships in the pursuit of these priorities.”

The independent auditor is contracted by and reports to the City Council. The City received an unmodified (“clean”) opinion that the December 31, 2020, financial statements are fairly presented in conformity with the General Accepted Accounting Principles and are free of material misstatement.

The Management’s Discussion and Analysis provides an overview of the City’s financial activities for 2020 and is followed by detailed financial statements including Statements of Net Position, Statements of Activities, Balance Sheets, Statements of Revenues, Expenditures, and Changes in Fund Balances for the many funds of the City’s operations, as well as notes to the financial statements.

The City’s net position (assets less liabilities) was $855 million at 12/31/2020, a $51 million increase from the 2019 report, which is a direct result of investments in annexations and capital construction, as well as the issuance of debt which will be expended in the coming years on transportation infrastructure.

At the end of 2020, the General Fund unrestricted fund balance (the total of the committed, assigned, and unassigned components of fund balance) was $29 million, or 37.3% of the total General Fund expenditures. The City invested $25.4 million in capital projects in 2020. These projects included street construction, development at Las Colonias and Dos Rios, a new fire station, and water line/water system replacements.

The City has received the Government Finance Officers Association Award for Excellence in Financial Reporting for 36 consecutive years. This program was established by the GFOA in order to encourage state and local governments to go beyond the minimum requirements of generally accepted accounting principles to prepare financial reports that evidence the spirit of transparency and full disclosure. The award is the highest form of recognition in the area of governmental accounting and financial reporting.

The Comprehensive Annual Financial Report is a result of thousands of hours of staff time over a six-month period. The document is 190 pages and in conjunction with the financial information highlights one of the City’s and community’s noteworthy projects of the year. A copy of the report can be found on the City’s website at this link.

Contact: Greg LeBlanc, Sr. Assistant to the City Manager | 970-244 1557 or

Facebook Twitter Email

Other News in City of Grand Junction News

Pumpkin Graphic with contest information

A Great Pumpkin Growing Contest

Posted on: May 23, 2022
three people talking

2022 Community Meeting Series

Posted on: April 12, 2022

Weed Abatement Program Update

Posted on: April 8, 2022
aRT Riverfront Trail

aRT – Art on the Riverfront Trail

Posted on: March 31, 2022
Redlands Roundabout Rendering

Redlands Roundabout Project Update

Posted on: March 30, 2022
City Hall Exterior

City Looks forward to 2022: A Look Ahead

Posted on: February 17, 2022

City Reflects on 2021: Year in Review

Posted on: February 16, 2022

Lincoln Park Stadium Renovation Update

Posted on: February 14, 2022
City Hall covered in snow

City Finds Success in Grant Awards

Posted on: February 1, 2022

Lincoln Park Stadium Renovation Update

Posted on: January 28, 2022
Suplizio Stadium

Lincoln Park Stadium Renovation Update

Posted on: January 25, 2022

Community Recreation Center Survey

Posted on: February 3, 2022
910 Main St. Ribbon Cutting

Ribbon Cutting Event at 910 Main Street

Posted on: January 11, 2022
Hogchute Reservoir

Carson Lake Update

Posted on: December 2, 2021
Santa Cause Run

Santa Cause 5K Run

Posted on: December 2, 2021
City Hall Exterior

City Adopts 2022 Annual Budget

Posted on: December 1, 2021
Used Cooking Oil Container

Used Cooking Oil Recycling Program

Posted on: November 16, 2021
Hangin With Herman Social Graphic October

Hangin' with Herman Returns October 19th

Posted on: October 13, 2021
Report a Concern Map

City Unveils New "Report a Concern" Tool

Posted on: October 12, 2021
River Front Trail Closure Map

River Front Trail Closure and Detour

Posted on: October 7, 2021
Horizon Park

Horizon Park Master Plan Community Meetings

Posted on: September 29, 2021
Coffee With City Manager September

Coffee with the City Manager

Posted on: September 23, 2021
Coffee With Chuck September

Coffee with Chuck Returns September 13th

Posted on: September 7, 2021
Hangin With Herman September

Hangin' with Herman Returns September 10th

Posted on: September 6, 2021
Indoor Swimming Pool

Grand Junction Fall Aquatics

Posted on: September 2, 2021
Coffee with City Manager graphic

Coffee with the City Manager

Posted on: August 23, 2021
Coffee With Chuck Social August

Coffee with Chuck

Posted on: August 19, 2021
Hangin With Herman graphic

Hangin' with Herman Returns August 9

Posted on: August 2, 2021
Community Meeting Graphic with dates

Join Us for a Community Meeting!

Posted on: July 22, 2021
Flowers in the foreground of City Hall sign

2022 Annual Budget Learning Sessions

Posted on: July 22, 2021
Shadow Lake

Shadow Lake Fish Relocation

Posted on: July 7, 2021
Hangin With Herman graphic

Hangin' with Herman

Posted on: July 6, 2021
Coffee With Chuck graphic

Coffee with Chuck

Posted on: July 15, 2021
Carson Lake Dam

Carson Lake Dam Rehabilitation

Posted on: July 2, 2021
Woman holding art piece

Take Part in Art

Posted on: June 16, 2021
Crews chip sealing a City road

2021 Street Maintenance Projects

Posted on: June 10, 2021
City Hall exterior with flowers

Fireworks Update

Posted on: June 3, 2021
City Hall exterior

Passage of Ballot Items 2A & 2B

Posted on: April 7, 2021

City Partners on Housing Needs Survey

Posted on: February 4, 2021