Fiscal Year 2022 Annual Report
During Fiscal Year 2022, the OSA issued 44 financial, performance, and IT audits and evaluations; 39 tax expenditure evaluations; and 4 other work products, all of which provided the General Assembly and the public with independent, objective, thorough, and credible information about the operation of state government programs and the use of taxpayer resources. The OSA identified a total of $96.4 million in financial benefits, which collectively represent the dollar value the OSA provides to the people of Colorado by ensuring the responsible stewardship of public funds. Over a 5-year period, the OSA has achieved a 24:1 ratio of benefits to costs, which means the return on investment to the taxpayer is approximately $24 in financial benefits for every $1 spent on the OSA's operations.
