C150062 Financials 2008

• Contract/PO #: C150062
• Contractor Name: Monument, Town of
• Contract Type: Loan
• Loan Projects - Doc Type: Report

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• 1
• & A
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• JOHN CUTLER
• & ASSOCIATES
• Honorable Mayor and Members of the Town Council
• Town of Monument
• Monument, Colorado
• INDEPENDENT AUDITORS' REPORT
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• We have audited the accompanying financial statements of the governmental activities, the business-type
activities, each major fund, and the aggregate remaining fund information of the Town of Monument,
• Colorado, as of and for the year ended December 31, 2008, which collectively comprise the basic financial
• statements of the Town,as listed in the table of contents. These financial statements are the responsibility of
• the Town of Monument, Colorado's management. 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 includes examining, on a test
• basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management,as well as evaluating
• the overall financial statement presentation. We believe that our audit provides a reasonable basis for our
• opinions.
• In our opinion,the financial statements referred to above present fairly,in all material respects,the respective
• financial position of the governmental activities, the business-type activities, each major fund, and the
• aggregate remaining fund information of the Town of Monument,Colorado,as of December 31,2008,and
• the respective changes in financial position and cash flows, where applicable, for the year then ended in
• conformity with accounting principles generally accepted in the United States of America.
• The management's discussion and analysis and required supplementary information listed in the table of
• contents is not a required part of the basic financial statements but is supplementary information required by
• the Governmental Accounting Standards Board. We have applied certain limited procedures,which consisted
• principally of inquiries of management regarding the methods of measurement and presentation of the
supplementary information. However, we did not audit the information and express no opinion on it.
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• Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
• comprise the Town of Monument,Colorado's basic financial statements. The individual fund schedules and
state compliance listed in the table of contents are presented for purposes of additional analysis and are not a
• required part of the basic financial statements. Such information has been subjected to the auditing
• procedures applied in the audit of the basic financial statements and,in our opinion,is fairly presented in all
• material respects in relation to the basic financial statements taken as a whole.
• &ate d- Maia ° LLC
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• May 29, 2009
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• 600 17TH STREET•SUITE 2800 SOUTH•DENVER, COLORADO 80202•TEL [phone]•FAX [phone]
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