C.R.S. Section 2-3-209
Long-range financial plan

  • definitions

(1)

As used in this section, “state agency” means a state agency that submits a budget request to the joint budget committee in accordance with section 2-3-208, whether the request is submitted directly by the state agency or by the office of state planning and budgeting on behalf of the state agency.

(2)

Each state agency shall develop a long-range financial plan on or before November 1, 2019, and update the plan on or before November 1 of each of the next four years thereafter. The purpose of the long-range financial plan is to:

(a)

Require the state agency to anticipate and strategically plan for future contingencies that may impact the state agency’s ability to meet its performance goals;

(b)

Assist the state agency as it prepares its annual budget request;

(c)

Provide additional information to the general assembly so that it can appropriate money in light of possible future changes; and

(d)

Provide notice to the public about the potential growth or decline of state government in the future.

(3)

The department of state, the department of treasury, the department of law, and the judicial branch shall each publish the required components of the long-range financial plan for their respective state agencies. The office of state planning and budgeting shall publish the required components of the long-range financial plan in its annual budget instructions for all other state agencies. A long-range financial plan submitted pursuant to this subsection (3) may include the following components:

(a)

A statement of the state agency’s mission;

(b)

A description of the major functions of the state agency;

(c)

A description of the state agency’s performance goals;

(d)

A performance evaluation of the state agency’s major programs, including an identification of programs that may not be meeting the program objectives or performance goals, and a recommendation on strategies to improve performance;

(e)

A description of anticipated trends, conditions, or events that could impact the ability of the state agency to meet its goals and objectives; and

(f)

A description of any programs currently funded in whole or in part with federal funds or gifts, grants, or donations that the department anticipates will decrease in the future and, therefore, may require state money as a backfill.

(4)

Each state agency shall submit a copy of its long-range financial plan to the joint budget committee along with its budget request that is submitted in accordance with section 2-3-208; except that, if the office of state planning and budgeting submits a budget request on behalf of a state agency, the office may also submit the state agency’s long-range financial plan.

(5)

Notwithstanding section 24-1-136 (11)(a)(I), the requirement to update and submit the long-range financial plan continues as set forth in subsection (2) of this section. A long-range financial plan remains in effect until it is updated for the next state fiscal year. To the extent possible, the state agency shall utilize information that is included in the state agency’s annual performance report prepared in accordance with section 2-7-205.

(6)

Each state agency shall post its long-range financial plans on its official website at the same time it is submitted to the joint budget committee.

Source: Section 2-3-209 — Long-range financial plan - definitions, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-02.­pdf (accessed Dec. 24, 2024).

2‑3‑101
Legislative audit committee - membership - meetings - powers and duties 2‑3‑102
State auditor - qualifications and appointment - term of office 2‑3‑103
Duties of state auditor - definition 2‑3‑103.5
Deputies 2‑3‑103.7
Disclosure of reports before filing 2‑3‑104
Salary and staff of state auditor 2‑3‑104.5
Legal representation of the state auditor 2‑3‑107
Authority to subpoena witnesses - access to records 2‑3‑108
Special audits 2‑3‑109
Emergency reports 2‑3‑110
Reimbursement of state auditor for certain audits - disclosure 2‑3‑110.5
Fraud hotline - investigations - confidentiality - access to records - definitions 2‑3‑113
Programs that receive tobacco settlement money - program review - definitions 2‑3‑114
State records management - duties of state auditor - definitions 2‑3‑115
Use of state education fund money for school capital construction - audits - reports 2‑3‑119
Audit of healthcare affordability and sustainability fee - cost shift 2‑3‑120
Periodic performance audits of Colorado new energy improvement district and new energy improvement program - reports 2‑3‑121
Performance audits of public highway authorities 2‑3‑124
Audits of reports of recidivism and educational outcomes by the division of youth services 2‑3‑125
Periodic performance audits of Colorado civil rights division and commission - reports 2‑3‑126
Performance audits of Colorado electric transmission authority 2‑3‑128
Oil and gas - performance audit - report - definitions - repeal 2‑3‑201
Joint budget committee established 2‑3‑202
Organization and meetings 2‑3‑203
Powers and duties of the joint budget committee 2‑3‑204
Staff director, assistants, and consultants 2‑3‑205
Expenses - vouchers 2‑3‑206
Recommendations and findings 2‑3‑208
Budget requests - amendments - supplemental appropriation requests - deadlines - definitions 2‑3‑209
Long-range financial plan - definitions 2‑3‑210
Evidence-based decision-making - budget requests - legislative declaration - definitions 2‑3‑301
Legislative council created - executive committee created 2‑3‑302
Organization - meetings 2‑3‑303
Functions - report - definitions 2‑3‑303.3
Interim committees - repeal 2‑3‑304
Director of research - assistants 2‑3‑304.5
Tax policy changes - dynamic model - pilot program - advisory committee 2‑3‑305
Requests of the governor 2‑3‑306
Authority to subpoena witnesses 2‑3‑307
Minutes of council 2‑3‑308
Recommendations and findings 2‑3‑309
Reimbursement of members for expenses 2‑3‑310
Centralized legislative accounting service 2‑3‑311
Interstate cooperation 2‑3‑501
Legal services in legislative department 2‑3‑502
Committee on legal services - membership - duties 2‑3‑503
Director - staff - revisor 2‑3‑504
Duties of office 2‑3‑505
Requests for drafting bills and amendments - confidential nature thereof - lobbying for bills 2‑3‑506
Use of supreme court library 2‑3‑507
Office space in or near capitol - office hours - appropriations 2‑3‑508
Terminology - references 2‑3‑511
Office of legislative workplace relations - creation - duties - records - definitions 2‑3‑601
Commission on uniform state laws - creation 2‑3‑602
Compensation - expenses 2‑3‑603
Meetings - organization 2‑3‑603.5
Status of commissioners 2‑3‑604
Duties of commissioners 2‑3‑701
Function of committee - statute revision 2‑3‑702
Revisor of statutes - duties 2‑3‑703
Revision - editorial work 2‑3‑705
Distribution of statutes 2‑3‑901
Statutory revision committee - creation 2‑3‑902
Duties of committee 2‑3‑1001
Legal counsel retained 2‑3‑1002
Legislative expenses cash fund - creation 2‑3‑1201
Sunrise and sunset review - designation of committees of reference to conduct review 2‑3‑1202
Staff assistance 2‑3‑1203
Sunset review of advisory committees - legislative declaration - definition - repeal 2‑3‑1301
Definitions 2‑3‑1302
Capital development committee established 2‑3‑1303
Rules of procedure 2‑3‑1304
Powers and duties of capital development committee - definition 2‑3‑1304.6
Capital construction and long-range planning by state agencies and state institutions of higher education - policy 2‑3‑1305
Recommendations and findings 2‑3‑1306
Staff assistance 2‑3‑1307
Highway and bridge projects - exempt 2‑3‑1401
Oversight of economic development activities of state - business affairs and labor committee and business, labor, and technology committee - reports from governor to joint budget committee on economic development programs 2‑3‑1501
Legislative declaration 2‑3‑1502
Definitions 2‑3‑1503
Legislative emergency preparedness, response, and recovery committee - creation - membership - duties 2‑3‑1601
Legislative declaration 2‑3‑1602
Wildfire matters review committee - creation - repeal - repeal of part 2‑3‑1701
Definitions 2‑3‑1702
Joint technology committee established 2‑3‑1703
Organization, procedures, and meetings 2‑3‑1704
Powers and duties of the joint technology committee 2‑3‑1705
Staff assistance 2‑3‑1707
Task force for the consideration of facial recognition services - creation - membership - duties - compensation - staff support - repeal 2‑3‑1801
Legislative committees to receive information from the executive branch during a declared disaster emergency - definition 2‑3‑1901
Legislative oversight committee for Colorado jail standards - creation - duties 2‑3‑1902
Colorado jail standards commission - creation - membership 2‑3‑1903
Commission - duties - report 2‑3‑1904
Repeal of part
Green check means up to date. Up to date

Current through Fall 2024

§ 2-3-209’s source at colorado​.gov