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Louisville <br />[1.! <br />OLORADO SINCE 1878OLORADO - SINCE 1878 <br />FINANCE COMMITTEE <br />COMMUNICATION <br />SUBJECT: <br />PRESENTATION OF 2016 COMPREHENSIVE ANNUAL <br />FINANCIAL REPORT (CAFR) AND COMMUNICATION IN <br />COMPLIANCE WITH AU -C 260 — EIDE BAILLY LLP <br />DATE: JULY 21, 2017 <br />PRESENTED BY: EIDE BAILLY LLP <br />SUMMARY: <br />Attached is the City's 2016 Comprehensive Annual Financial Report (CAFR). A hard <br />copy of the report was distributed to City Council and staff earlier this month. <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 disagreements <br />that occurred during the audit engagement. <br />Sarah Kurtz, Partner with Eide Bailly LLP, will be at the meeting to discuss both the CAFR <br />and the AU -C 260 letter. <br />FINANCE COMMITTEE COMMUNICATION <br />10 <br />