Frequently Requested Financial Information
The 2012 Financial Assessment Report is available for download. It is 50 pages long and contains information about
the City's demographics, historical and projected revenues and expenditures.
The Revenue Manual provides a means for Citizens to explore and better understand the financial
structure of the City of Longmont. Specifically, this document shows how and
where the City acquires the funds needed to pay for the numerous services
it provides. In 2002, the City of Longmont had over $175 million in revenues
from a variety of sources, including taxes, user fees and interfund transfers.
The City tracks over 200 different types of revenues.
The City uses a fund structure to track all financial activities. A fund is
an accounting concept that is used to separate the financial activities of
a city for legal and managerial purposes. All financial activity of a municipality
must be classified in relation to a fund.
Revenue Manual Organization
In this manual, revenue sources are divided according to funds. Each revenue
source is presented only once in each fund, despite the fact that some revenue
sources are collected by more than one department or division with a fund.
For example, maps and publications are sold by both the City Clerk and the
Planning & Development Services Division, but are listed only once in
the General Fund section.
Different types of charges and fees may also be grouped as one revenue source.
For example, the revenue source "Business Licenses" encompasses
a variety of special licenses including carnival licenses, massage parlors
Revenue sources which contribute to more than one fund will be included in
each of the relevant fund sections. An example is Sales Tax which contribute
to the General Fund, the Street Improvement Fund, the Public Improvement Fund
and the Open Space Fund.
Each page of the Revenue Manual represents a different revenue source. The
following is a brief description of the information categories found on each
- Revenue: The name of the revenue source.
- Account number: The full account number of the revenue
including the fund number.
- Description: A brief description of the revenue.
- Administration: The department or division that oversees
- Fees set by: The legal basis giving the City authority
to collect the revenue.
- Current fee schedule: The fee rate or schedule for the
revenue. When possible, the entire schedule is included here. Because of
space considerations, however, some of the rate schedules have been included
in the appendix section at the end of this document. Revenue sources that
have very long fee schedules have been omitted and can be obtained upon
- Revenue history: Actual collection history of the revenue
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