# City of Colorado Springs

City of Colorado Springs is a Government / Public Body based in Colorado Springs, United States.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Colorado Springs, United States
- **Region:** North America
- **Address:** Colorado Springs, CO, United States
- **Founded:** 1871
- **Assets under management:** $8.9B (Altss estimate)
- **Website:** coloradosprings.gov
- **LinkedIn:** https://www.linkedin.com/company/city-of-colorado-springs

## Regulatory record

- **Reports private funds:** No

## About

The City of Colorado Springs was founded in 1871 and incorporates as a Home Rule Municipality, giving it broad authority over its financial operations. The wealth originates from tax receipts, municipal enterprise revenues such as utilities, and bond proceeds. Under CFO Charae McDaniel, the City's investment operations are split between a General Portfolio Investment Pool for liquidity and a reserve pool designed for longer-duration holdings, with a public Cemetery Endowment Fund managed as a separate portfolio. The investment policy authorizes a mix of fixed-income securities across the two pools, but the City's broader balance sheet reveals more diverse exposure. Directly owned real assets include the Colorado Springs Municipal Airport and the adjacent Peak Innovation Park, where Amazon operates multiple distribution facilities as a major tenant. The Memorial Health System facilities are leased to UCHealth, creating a long-term municipal income stream. Colorado Springs Utilities manages a natural gas hedging portfolio, and the City holds the Montgomery Reservoir water rights in Park County. These holdings operate outside a traditional general account but contribute materially to the municipality's economic posture. The City partners with the Pikes Peak Rural Transportation Authority on regional infrastructure and coordinates with Peterson Space Force Base, which shares airfield and logistics infrastructure with the municipal airport. Mayor Yemi Mobolade leads an executive branch that interfaces with the Colorado Springs Chamber & EDC on economic development. Colorado Springs Utilities holds a Diamond Designation from the American Public Power Association, marking operational performance in the public utility sector. In September 2023, the City closed on a series of general obligation bonds to fund parks, public safety, and stormwater improvements (public record). The structural differentiator is a municipal balance sheet that functions as a vertically integrated asset owner — the City is simultaneously a landowner, airport operator, health system lessor, utility hedging counterparty, and fixed-income pool manager. This architecture consolidates what would typically be scattered across special-purpose districts under one Home Rule entity, giving the CFO's office a blend of treasury, real assets, and counterparty risk oversight rarely seen in municipal government.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Energy Transition & Renewables

## People

- Yemi Mobolade — Mayor and Chief Executive
- Charae McDaniel — Chief Financial Officer
- Natalie Lovell — City Auditor

## Questions

### Who oversees investment decisions for the City of Colorado Springs?

Chief Financial Officer Charae McDaniel is responsible for the City's investment operations under the authority of Mayor Yemi Mobolade. The City Auditor, Natalie Lovell, provides independent financial oversight. Investment parameters are codified in a state-authorized investment policy that governs both the operating and reserve pools.

### How are the City's liquid portfolios structured?

The City runs two distinct investment pools. The General Portfolio Investment Pool covers operating liquidity needs, while a separate reserve pool targets longer-duration holdings. The investment policy dictates permissible securities, and the City also manages a standalone Cemetery Endowment Fund portfolio.

### What real assets does Colorado Springs hold outside its financial portfolios?

The City owns the Colorado Springs Municipal Airport and Peak Innovation Park, where Amazon maintains distribution operations. It is the lessor of the Memorial Health System to UCHealth, holds the Montgomery Reservoir water rights in Park County, and manages extensive parkland including Red Rock Canyon Open Space. Colorado Springs Utilities hedges natural gas exposure as a separate municipal enterprise.

### Does the City of Colorado Springs issue debt?

Yes, Colorado Springs issues general obligation bonds to fund capital improvements. In September 2023, the City closed on a bond series designated for parks, public safety, and stormwater infrastructure projects (public record). These bonds are backed by the full faith and credit of the City.

### How is Colorado Springs connected to regional infrastructure and the military?

The City partners with the Pikes Peak Rural Transportation Authority on joint transportation projects and shares airfield infrastructure with Peterson Space Force Base. The municipal airport operates alongside Department of Defense logistics, creating a dual-use asset that integrates civilian and military aviation operations.

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Last updated: 2026-06-03T20:00:00.000Z

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