C150356 Attorney Opinion Letter

• Contract/PO #: CT2015-015
• Contract/PO #: C150356
• Contractor Name: Bellyache Ridge Metropolitan District
• Contract Type: Loan
• Water District: 37
• County: Eagle
• Loan Projects - Doc Type: Contract Documents

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1221 West Mineral Ave,Ste.202 Littleton,Colorado 80120-4544 [phone] Fax[phone]
Report of independent Certified Public Accountants
Members of the Board of Directors
Bellyache Ridge Metropolitan District
Eagle County,Colorado
We have audited the accompanying financial statements of the governmental activities and the
major funds of Bellyache Ridge Metropolitan District(the"District")as of and for the year ended
December 31,2012 and the related notes to the financial statements,which collectively comprise
the District's basic financial statements as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements
in accordance with accounting principles generally accepted in the United States of America;this
includes the design, implementation, and maintenance of internal control relevant to the
preparation and fair presentation of financial statements that are free from material misstatement,
whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We
conducted our audit in accordance with auditing standards generally accepted in the United
States of America. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the auditor's
judgment, including the assessment of the risks of material misstatement of the financial
statements,whether due to fraud or error. In making those risk assessments,the auditor considers
internal control relevant to the entity's preparation and fair presentation of the financial
statements in order to design audit procedures that are appropriate in the circumstances,but not
for the purpose of expressing an opinion on the effectiveness of the entity's internal control.
Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness
of accounting policies used and the reasonableness of significant accounting estimates made by
management,as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our audit opinions.
Opinions
In our opinion,the financial statements referred to above present fairly, in all material respects,
the respective financial position of the governmental activities and the major funds of Bellyache
Ridge Metropolitan District, as of December 31, 2012 and the respective changes in financial
position and the budgetary comparison for the General Fund for the year then ended in
accordance with accounting principles generally accepted in the United States of America.
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