The Denver Gazette: The Denver City Council unanimously advanced a proposed ordinance on Tuesday that aims to codify quarterly general fund reporting to the council from the city’s Department of Finance.
The council currently does not receive regular budget updates, relying instead on “ad hoc” information from the administration rather than standardized data.
“What we are trying to solve with this ordinance is about transparency and good governance,” City Council President Amanda Sandoval said. “(The) council is responsible for approving the budget, and we should have regular, standardized insight into how it’s performing throughout the year. This (the ordinance) isn’t about mistrust. It’s about building a shared understanding of our financial health.”
Visit The Denver Gazette for more.