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Lcity�, <br />Louisville <br />COLORADO • SINCE 1878 <br />FINANCE COMMITTEE <br />COMMUNICATION <br />ITEM 1 <br />SUBJECT: 2024 ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR) <br />AND AUDITOR COMMUNICATION TO GOVERNANCE <br />DATE: <br />J U LY 17, 2025 <br />PRESENTED BY: JANEEN HATHCOCK, PARTNER, EIDE BAILLY, LLP <br />MARIA OSTROM, CPA, INTERIM FINANCE MANAGER <br />SUMMARY: <br />A digital copy of the City's 2024 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 9). <br />The City has uploaded the ACFR to the State Auditor's filing portal by the July 31 st <br />deadline. <br />Staff also submitted the 2024 ACFR to the Governmental Financial Officers Association <br />(GFOA) site for the Certification of Achievement for Excellence in Financial Reporting <br />Award Program. <br />Audit Opinion: Unmodified/Unqualified Opinion — 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, 2024, 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. 2024 Auditor's Report <br />2. 2024 Governance Letter <br />FINANCE COMMITTEE COMMUNICATION <br />