Popular Annual Financial Report offers residents a transparent look at City finances

The City of Colorado Springs has released its 2025 Popular Annual Financial Report (PAFR), providing residents with a clear, accessible overview of the City's finances and how public dollars supported community priorities throughout 2025.

The report is a simplified, unaudited version of the City's Annual Comprehensive Financial Report (ACFR), offering an easy-to-read summary of the City's finances, major accomplishments and investments while promoting transparency and accountability.

"Our responsibility is to be good stewards of the public's resources while delivering the services residents rely on every day," said Charae McDaniel, Chief Financial Officer for the City of Colorado Springs. "The Popular Annual Financial Report provides an easy-to-understand look at how the City's finances support public safety, infrastructure, parks, economic vitality and other priorities that improve quality of life throughout Colorado Springs."

The report summarizes the City's financial position at the close of 2025. The City's total net position increased by more than $380 million to $5.5 billion, reflecting the value of the City's assets compared with its liabilities and continued investment in long-term infrastructure and essential public services.

Among the accomplishments featured in the report:

• The Colorado Springs Police Department surpassed 800 sworn officers for the first time, while the City's 911 Call Center reached its highest staffing level since 2018 and reduced average response times for the most urgent emergency calls from 15 minutes to 11 minutes.
  
• Public Works repaved 187 lane miles and repaired more than 74,000 potholes to improve roadway safety and reliability.
  
• The Colorado Springs Fire Department launched Colorado's first Targeted Opioid Response and Medication Assisted Treatment (TOR-MAT) team to connect individuals experiencing opioid addiction with treatment and recovery resources.
  
• The City advanced major projects including the new Colorado Springs Senior Center, Monument Valley Park improvements, Patty Jewett and Valley Hi Golf Course irrigation upgrades, and continued improvements to Marksheffel Road.

Economic development efforts continued through Peak Innovation Park, including agreements supporting Swire Coca-Cola's $475 million manufacturing facility and other major investments expected to strengthen the local economy.

The report also illustrates how City revenues are generated and invested. Sales and use tax remains the City's largest General Fund revenue source, supporting services such as public safety, public works, parks and general government operations.

The Government Finance Officers Association (GFOA) also recognized the City with its Award for Outstanding Achievement in Popular Annual Financial Reporting for the 2024 Popular Annual Financial Report, recognizing excellence in making complex financial information accessible to the public.

Residents can view the full 2025 Popular Annual Financial Report at ColoradoSprings.gov/PAFR.

The City's 2025 Annual Comprehensive Financial Report (ACFR), which provides the audited, detailed financial statements required by City Charter and state law, is available at ColoradoSprings.gov/ACFR.