Legislative Audit Committee Hearing
Colorado's Legislative Audit Committee released a clean-opinion statewide financial audit for FY2025 that nonetheless flagged a familiar problem — a State Controller's Office that missed its statutory 35-day close deadline and misprocessed year-end payroll — while also taking in OEDIT's annual Enterprise Zone report and bidding farewell to a departing vice chair.
Key Actions
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Notable Quotes
“The OSC did not close the state's financial the state's books by August 4th as required. Instead, it adjusted the close date from August 4th to August 8th, resulting in in the accounting books being closed four days after the 35 day statutory requirement, we also identified a large number of transactions that state entities and the OSC recorded in core after the August 8 deadline.”
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Sign in to subscribeGood morning, Senators and Representatives. Bacon. Here. Brooks. Present. Johnson. Here. Pelton. Here. Wiseman. Good morning, Wilford. Excused. Madam Vice Chair. Present. Madam Chair. Present. Madam Chair. You have a quorum. Thank you, Ms. Watson. To begin with, I would really just want to recognize Senator Michaelson Janay for her time on the Legislative Audit Committee. Eight years is a long time. She has served on this committee from January 2018 to February 2026. And Madam Vice Chair, we are very sad to see you go, but we are wishing you the best in your next endeavor. So thank you. Thank you for your service members. May I have a motion to release the state of Colorado statewide single audit, Fiscal year ended June 30, 2025. So. Moved. Second. That was moved by the Vice Chair. Seconded by Senator Pelton R. Any opposed? All right. The audit is now released. Ms. Edwards, would you please introduce yourself and staff? Yes. Thank you. Madam Chair. I'm Marissa Edwards, Deputy State Auditor. You have two reports in front of you. The first report is. The smaller report is the annual comprehensive financial Report. This contains the state's financial statements and is prepared…
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