City Council Minutes 2013 08 20 - Laserfiche WebLink

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City Council Meeting Minutes August 20, 2013 Page 3 of 23 Louisa Young; President, Boulder County League of Women Voters was in attendance to accept the proclamation on behalf of the Boulder County League of Women Voters. Mayor Muckle read the proclamation, proclaiming August 26, 2013 as Women's Equality Day in the City of Louisville. He presented the proclamation to Ms. Young. Louisa Young explained August 26th marks the 96th anniversary of the 19th Amendment to the United States Constitution, which granted women the right to vote. The Boulder County League of Women Voters honors women's equality day through a continued focus on protecting the voting rights of all eligible voters. The Boulder County League of Women Voters is working to make democracy sound through voters registration drives, educational forums and through the women's equality day. Mayor Muckle thanked the League of Women Voters for their service. PRESENTATION OF 2012 COMPREHENSIVE ANNUAL FINANCIAL REPORT Mayor Muckle requested a staff presentation. Finance Director Watson explained on June 14th the 2012 Comprehensive Annual Financial Report was distributed and every year the City's external auditors present the report. He introduced David DeZutter, Audit Partner with Eide Bailly LLP. David DeZutter, Audit Partner with Eide Bailly LLP, explained the process for the Comprehensive Annual Financial Report. The audit begins in mid - April, when the auditors come to the City and audit the City's financial records. The financial report is then made available within 35 -45 days. The 2012 Comprehensive Annual Financial Report was presented to the, Finance Committee in June. He remarked this was a very rapid turnaround for an audit due to Finance Director Watson and his staff's assistance. The 2012 Audit presented a clean opinion, an unmodified opinion, with no audit adjustments. This illustrates the financials presented to Council throughout the year is consistent with what the auditors see at year end. He stated Council's decisions are made on sound financial information. The first part of the report is the financial statement and the second part is a compliance audit. Overall, the City's financial position is very strong, with increasing revenues and decreasing debt. He stressed this was a very good audit for 2012. He stated he looks forward to the 2013 audit. Mayor Muckle stated the Finance Committee reviewed the audit report and were pleased with the findings. Council member Loo commented the audit is a wonderful piece of work. Mayor Pro Tem Dalton felt the audit is evidence of the Finance Department's fine work and commended the Finance Staff, Director Watson and the Department Directors. DELO PRELIMINARY PLAT AND ZONING