Highlights from the Report
The Comprehensive Annual Financial Report (CAFR) is a publication that provides in-depth information about the operations and financial position of the City and County of Denver.
"This is a time of significant and historic success for Denver. Over the past five years, we have helped our economy create nearly 75,000 jobs and lower the unemployment rate to 2.9 percent. We have restored the fiscal health of city government, replenished our financial reserves and strengthened our bond ratings. With these accomplishments in mind as well as an eye on sustaining this success, the City of Denver has redoubled its efforts to meet my key priorities." --Mayor Michael Hancock
Revenue and Taxes
35% of the city's overall tax revenue comes from sales tax, while 21% was from charges for city services. 20% of the city's tax revenue was property tax.
The largest single category of city sales tax revenue in 2016 came from eating and drinking establishments. This category comprised 16% of total sales tax revenue.
Learn more about city revenues in 2016:
The city’s capital assets totaled $7,056,291,000 at December 31, 2016. This investment in capital assets includes buildings and improvements, infrastructure and other improvements (including streets, alleys, bridges, etc.), land, various equipment and collections, and construction in progress. The business-type capital assets, which include Denver International Airport (DEN), Wastewater, Environmental Services, and Golf, account for 59.0% of all city capital assets. DEN assets comprise 85.0% of all business-type capital assets.
About 54% of the city's total governmental assets in 2016 were buildings and improvements to buildings. 27% was comprised of infrastructure, and 11% was in land and land rights.
45% of the city's business-type assets was in improvements other than buildings. 39% was in buildings and improvements. And 8% was in land and land rights.
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The city's total net position increased by 7.8% for both governmental and business-type activities.
The city's general fund balance increased from $394 million in 2015 to $397 million in 2016. The City has a target of maintaining a general rund balance reserve that is 15.00% of budgeted expenditures and should not go below 10.00% of budgeted expenditures, except in response to a severe crisis, economic or otherwise.
All other governmental funds increased from $568 million in 2015 to $862 million in 2016.
Learn more about the city's financial statistics over time:
The city's population rose by 1.6%, or nearly 36 people a day, in 2016. Denver was named 2016's Best Place to Live by US News and World Report.
Learn more about Denver's demographics and population: