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ILZ it oij FINANCE COMMITTEE <br />Louisville COMMUNICATION <br />COLORADO -SINCE 1878 ITEM 2 <br />SUBJECT: 2023 ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR) <br />AND AUDITOR COMMUNICATION TO GOVERNANCE <br />DATE: JULY 18, 2024 <br />PRESENTED BY: JANEEN HATHCOCK, AUDIT PARTNER, EIDE BAILLY, LLP <br />KIM BAKER, ACCOUNTING MANAGER <br />SUMMARY: <br />A digital copy of the City's 2023 Annual Comprehensive Financial Report (ACFR) has <br />been uploaded to the City's Website, linked here. This report was prepared by City staff, <br />audited by Eide Bailly LLP, the City's independent auditor, and contains Eide Bailly's audit <br />report (on page 12). <br />Audit Opinion: Unmodified Opinion — Unqualified or Clean Audit Opinion <br />"In our opinion, the accompanying financial statements referred to above present fairly, <br />in all material respects, the respective financial position of the governmental activities, the <br />business -type activities, each major fund, and the aggregate remaining fund information <br />of the City, as of December 31, 2023, and the respective changes in financial position, <br />and, where applicable, cash flows thereof for the year then ended in accordance with <br />accounting principles generally accepted in the United States of America." <br />Janeen Hathcock, Partner with Eide Bailly LLP, will be at the meeting to discuss both the <br />audit and the governance letter. <br />ATTACHMENTS: <br />1. 2023 Auditor's Report <br />2. 2023 Governance Letter <br />FINANCE COMMITTEE COMMUNICATION <br />7/81 <br />