R2013-51 AUTHORIZING CITY MANAGER TO ENTER A PROFESSIONAL SERVICE AGREEMENT WITH CLIFTONLARSONALLEN, LLP

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Because of the inherent limitations of an audit,together and detecting misstatements resulting from illegal acts with the inherent limitations of internal control,an and other noncompliance matters that have a direct and unavoidable risk that some material misstatements may material effect on the financial statements. We are not not be detected exists,even though the audit is properly required to provide an opinion and we will not provide planned and performed in accordance with auditing an opinion,at any level,on the internal control over standards generally accepted in the United States of financial reporting. America(GAAS),and Government Auditing Standards,issued by the Comptroller General of the In making our risk assessments,we consider internal United States. control relevant to the Entity's preparation and fair presentation of the financial statements in order to Because we will not perform a detailed examination of design audit procedures that are appropriate in the all transactions,there is an inherent risk that we will circumstances but not for the purpose of expressing an not detect material errors,fraud,or other illegal acts, if opinion on the effectiveness of the Entity's internal they exist. We are available to perform additional control. However,we will communicate to you in procedures with regard to fraud detection and writing concerning any significant deficiencies or prevention at your request,subject to completion of our material weaknesses in internal control relevant to the normal engagement acceptance procedures. We would audit of the financial statements that we have identified document the actual terms and fees of such an during the audit. engagement in a separate engagement letter to be signed by both you and CLA. Our reports on internal control and compliance will each include a statement that the report is intended for The audit will include certain procedures to test the information and use of the Audit Committee(or compliance with certain provisions of laws, equivalent),Management,and federal awarding regulations,contracts,and grants and the requirements agencies and pass-through entities and is not intended applicable to the major federal award programs as to be and should not be used by anyone other than required by OMB Circular A-133. Our procedures will these specified parties. consist of those identified in the OMB Circular A-133 Compliance Supplement applicable to each major Responsibilities of Management for the Fair program that we consider necessary to express our Presentation of Financial Statements,Internal opinion on the direct and material compliance Control and Accounting Services We Perform requirements of such programs. We are responsible for Our audit will be conducted on the basis that you determining which programs are tested for compliance (management and those charged with governance) under the requirements of OMB Circular A-133. In acknowledge and understand that you have the addition,we are responsible for determining which responsibility for the preparation and fair presentation compliance requirements have a direct and material of the financial statements in accordance with effect on such programs. accounting principles generally accepted in the United States of America. This includes retaining qualified In planning and performing our audit for the year personnel in areas affecting financial matters and ended April 30,2013,we will consider internal control performing ongoing monitoring activities to ensure to the extent required to support our reports in transactions are properly recorded,assets are accordance with Government Auditing Standards and safeguarded and the basic financial statements and the OMB Circular A-133. We will obtain an schedule of expenditures of federal awards are understanding of the design of the relevant policies and substantially accurate. --- procedures-and-whether they have-been placed in - - - --- -- operation. We will perform tests of controls,as You are also responsible for the design, required by OMB Circular A-133,to evaluate the implementation,and maintenance of internal control effectiveness of the design and operation of controls relevant to the preparation and fair presentation of the that we consider relevant to preventing or detecting financial statements that are free from material material noncompliance with the direct and material misstatement,whether due to fraud or error. You are compliance requirements that are applicable to each responsible for informing us of all known, suspected or major federal award program. Tests of controls may alleged fraud involving the Entity,its employees or also be performed to test the effectiveness of certain others that could have a material effect on the basic policies and procedures that we consider relevant to financial statements. You are responsible for preventing and detecting errors and fraud that are identifying and ensuring compliance with the laws and material to the financial statements and to preventing regulations applicable to your activities. Page 5