The Finance Division is responsible for financial reporting and management, financial planning and revenue collections. The Department assists the Town Council, the Town Manager, and other departments in accomplishing their goals and serving the public by providing timely, accurate, and complete financial reports. The department's staff handles a variety of assignments including providing an internal review of all transactions involving town funds, collection of town sales tax, lodging tax, preparation of utility billings, managing accounts payable, and preparation of the town's biennial budget and related documents.
The Finance Department is responsible for financial reporting and management, financial planning, revenue collections, payroll and account payables. Specifically, financial reporting and management activities include preparing financial statements, maintaining the accounting system and preparing annual financial reports in accordance with policies and procedures of Generally Accepted Accounting Principles (GAAP). Financial planning responsibilities include development of five-year long range plans, preparation of the Town's annual budget and preparation of the annual audit operations.
Revenue collection activities consist of sales and property tax collections, charges for services, water and trash billing and other accounts receivables.
Accounts payable includes the maintenance of the Town's purchasing system, the issuing of payments and maintenance of the Town's vendor accounts.
Hard copies of various collection reports, the annual budget and audit, and all water and trash questions and concerns are available by contacting the Finance Department at 970-827-5645 or 302 Pine St.
As a home rule government, the State of Colorado collects our sales tax. Business owners must obtain state sales tax licenses to sell retail merchandise or taxable services within the Town.
Retail sales inside the Town limits are taxed at a rate of 8.4%, which includes 2.9% Colorado State tax, 1% Eagle County tax, 0.5% Eagle County Transit tax and 4.0% Town of Minturn tax. The Colorado Department of Revenue collects state and county taxes and is the agency where businesses register trade names. The toll-free telephone number for the New Business Hotline is 1-800-333-7798 or http://www.sos.state.co.us/. State application forms and general information for conducting business in Colorado is available by calling that number. Colorado Business Registration forms, CR100, and instructions are available on the state's website, http://www.revenue.state.co.us/.
Who must file a return
If you lease or rent rooms or accommodations for less than 30 consecutive days, a lodging tax is required to be paid. This includes hotels, apartment hotels, motels, lodging houses, motor hotels, guest houses, guest ranches, trailer coaches, mobile homes, auto camps, time share units, condominium units, town homes, trailer Courts, private residences, or any such similar place. A lodging tax must be filed every month even if there is no tax to remit.
When you must file
Returns must be filed monthly by the 20th day of the month following the month for which you are reporting.