01

What Colorado requires of the books

From the statutes, as the legal corpus holds them. The verified date is the day the value was last read against the statute's own text.

RequirementValueStatuteVerified
Statutory Audit Trigger Revenue Floor $250,000 C.R.S. §38-33.3-303 (4)(b)(II)(A) Sep 5, 2026
Budget Summary Delivery Deadline After Adoption 90 days C.R.S. §38-33.3-303 (4)(a)(I) Sep 5, 2026
Daily Late Fees and Daily Fines ProhibitedHB 22-1137 bars Colorado associations from imposing late fees, or fines for violations of the governing documents, on a daily basis. Fines follow the (1.7)(b) … 1 boolean C.R.S. §38-33.3-209.5 (1.7)(b)(I) Oct 11, 2026
Records Failure Penalty Per Day 50 USD/day C.R.S. §38-33.3-317 (4.5) Oct 11, 2026
Records Production Notice Period (advance written request) 10 days C.R.S. §38-33.3-317 (2)(a) Oct 11, 2026
Records Response DeadlineCalendar-day deadline after which a $50/day penalty accrues (commencing on the 11th business day after written request). 30 days C.R.S. §38-33.3-317 (4.5) Aug 12, 2026
Records Retention Floor (financial statements)CCIOA records retention varies by record type: 3 years (financial statements, owner communications); 7 years (tax returns); 2 years (contracts); 1 year (ballot… 3 years C.R.S. §38-33.3-317 (1)(g) Aug 12, 2026

7 of the 23 statutory thresholds the corpus holds for Colorado concern the books. The full list, with every citation.

02

What arrives by the 10th

The books, any hour
The board and the manager read the ledger as it stands, not as of the last statement. Read access, around the clock.
Balance sheet
Every fund, every bank account, every receivable, as of month end.
Income statement against budget
The month and the year to date beside the budget the board adopted.
Bank reconciliation
Every account, to the statement, with the items in transit listed.
Delinquency by unit
Who owes what and for how long.
The check register
Every payment that left, who approved it, and what it paid.

In January, the annual statement package and the CPA's schedules, numbered and hashed. We never hold signing authority over funds. Bookkeeping is not an audit, review, or attestation engagement.

03

Firms that manage in Broomfield

The management companies the public record ties to associations here. A manager who would rather not grow an accounting team with the next twenty associations keeps the relationship; we keep the books.

04

How it starts

Send the last balance sheet and bank statement. We write back within two days with what we see, every line a number from your own file, free, whether or not you hire us. If the books are clean, we say so, and the second opinion is the service. The read is also how we choose: we take on an association only where the read says its books can be kept to this standard, and we keep ten at a time.

Setup follows a cutover date: opening balances from the bank statements and the owner records, the chart of accounts, every owner's ledger, the first month reconciled. The statements arrive by the 10th from then on.