Berthoud Community Library District

In lieu of issuing bonds, or using another form of long-term debt, the state often uses a form of lease-purchase agreement called certificates of participation (COPs) to finance the construction of its new facilities. A certificate refers to an investor's proportionate interest in the state's lease payments. COPs give the state the flexibility to build capital facilities even when funds are not available to pay for projects on a pay-as-you-go basis....

The scope of the Recovery and Contract Compliance audit for the State of Colorado included accounts payable transactions during the period July 1, 2007 to June 30, 2010 for all Colorado State agencies excluding Higher Education and Medicaid payments. The objective of the audit was to perform a non-intrusive audit, find hard dollar recoveries, provide solid process improvement recommendations for the State of Colorado and communicate any potential...