House Bill 1002 requires the Colorado Department of Transportation, CDOT, to develop and maintain a publicly accessible, searchable, online database of its revenue and expenditure data prior to July 1, 2012.
The new database is required to link to the state's existing Transparency Online Project, TOP, website.
“This bill is about ensuring that all of Colorado’s departments and divisions have full transparency when it comes to how they spend Colorado taxpayers’ hard-earned dollars,” said Nikkel, R-Loveland.
Currently, the Department of Personnel and Administration, DPA, administers the TOP website, which makes available information on state expenditures contained in the Colorado Financial Reporting System, COFRS. When specific expenditure data are excluded, the TOP website must explain the exclusion and provide aggregated expenditure data. The CDOT records its financial data in a separate financial reporting system. TOP currently only contains aggregate data for the CDOT.
“While many of Colorado’s divisions and departments are required to be full of transparency with their expenditures, CDOT has not had to disclose the details related to theirs,” said Nikkel. “Coloradans should know if the all departments are using taxpayer funds wisely.”
The online database would require details such as the date and reason for monetary transactions related to the CDOT, as well as information regarding payments to employees. The date is required to be updated every five business days and beginning on July 1, 2013, archived revenue and expenditure data are included for the prior fiscal year.
This bill is co-sponsored by State Sen. Mike Kopp, R-Littleton. HB 1002 passed unanimously in both the House and Senate and now awaits to be signed by the governor and enacted into law.
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