Colorado § 29-1-605 Contents of report

Colorado Statutes

§ 29-1-605 — Contents of report

Colorado·Title 29 Government·Art. Budget and Services

(1)All reports on audits of local governments shall contain at least the following:

(a)Financial statements which shall be prepared, insofar as possible, in conformity with generally accepted governmental accounting principles setting forth the financial position and results of operation of each fund and activity of the local government and a comparison of actual figures with budgeted figures for each fund or activity for which a budget has been prepared, which financial statements shall be the representations of the local government;

(b)The unmodified opinion of the auditor with respect to the financial statements of the local government or, if an unmodified opinion cannot be expressed, a modified opinion or disclaimer of opinion containing an explanation of the reasons ther

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(1) All reports on audits of local governments
shall contain at least the following:

(a) Financial statements which shall be prepared, insofar as possible, in
conformity with generally accepted governmental accounting principles setting
forth the financial position and results of operation of each fund and activity of the
local government and a comparison of actual figures with budgeted figures for
each fund or activity for which a budget has been prepared, which financial
statements shall be the representations of the local government;

(b) The unmodified opinion of the auditor with respect to the financial
statements of the local government or, if an unmodified opinion cannot be
expressed, a modified opinion or disclaimer of opinion containing an explanation of
the reasons therefor;

(c) Full disclosure by the auditor of violations of state or local law which
come to his attention.

(2) In addition to the information required by subsection (1) of this section,
the report on the audit of a special district, as defined in section 32-1-103 (20),
C.R.S., that has authorized but unissued general obligation debt as of the end of the
fiscal year of the special district shall specify the amount of the authorized but
unissued debt and any current or anticipated plan to issue the debt.

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Legislative History

Source: L. 65: p. 861, � 5. C.R.S. 1963: � 88-6-5. L. 2008: (2) added, p. 61, � 1, effective August 5. L. 2015: (1)(b) amended, (SB 15-024), ch. 6, p. 13, � 2, effective August 5.