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112 Cityot <br />Om Louisville <br />COLORADO - SINCE 1878 <br />FINANCE COMMITTEE <br />COMMUNICATION <br />SUBJECT: <br />PRESENTATION OF 2015 COMPREHENSIVE ANNUAL <br />FINANCIAL REPORT (CAFR) AND COMMUNICATION IN <br />COMPLIANCE WITH AU -C 260 — EIDE BAILLY LLP <br />DATE: AUGUST 15, 2016 <br />PRESENTED BY: EIDE BAILLY LLP <br />SUMMARY: <br />Attached is the City's 2015 Comprehensive Annual Financial Report (CAFR). A hard <br />copy of the report was distributed to City Council at the end of June. <br />In compliance with Statements on Auditing Standards (SAS), as codified into AU -C <br />Sections, also attached is a draft letter from Eide Bailly LLP, the City's independent <br />auditor. This is standard communication and reviews management's responsibilities, <br />accounting estimates, disclosures, and any difficulties, misstatements, or <br />disagreements that occurred during the audit engagement. <br />Sarah Kurtz, Partner with Eide Bailly LLP, will be at the meeting to discuss both the <br />CAFR and the AU -C 260 letter. Ms. Kurtz will also discuss the 2015 CAFR at a later <br />City Council Meeting. The AU -C 260 letter will be an item on the Consent Agenda at <br />the same meeting. <br />FINANCE COMMITTEE COMMUNICATION <br />8 <br />