Town Audits

Comprehensive Annual Financial Reports

State of Colorado law requires all general-purpose local governments publish, within six months of the close of each fiscal year, a complete set of financial statements presented in conformity with generally accepted accounting principles in the United States.

Comprehensive Annual Financial Reports (CAFRs) are produced to provide the Board of Trustees, residents, bondholders, and the general public with useful information about the Town’s operations and financial position.

This annual report provides one way of assessing whether elected officials and Town staff are faithfully carrying out their role of good stewards of Town resources. These reports are prepared by the Town’s Finance Department in accordance with standards prescribed by the Governmental Accounting Standards (GASB), the Government Finance Officer Association of the United States and Canada (GFOA), and other rule-making bodies and audited by a firm of licensed certified public accountants.  The Town is responsible for the accuracy, completeness, and fairness of the data presented.