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<br /> <br />.#~l'f <br /> <br />. <br /> <br />Members <br />NSPA <br />PASC <br /> <br />. <br /> <br />Certified Public Accountants <br /> <br />. <br /> <br />Gary L. Anderson, C.P.A, <br />Ronald D, Anderson, P,A. <br /> <br />Septembe~. 2. 1992 <br /> <br />~e have audited the accompanying statements of assets, liabilities and <br />equity - cash basis - of the A~kansas Rive~ Compact Administ~ation as of <br />June 30, 1992, and the ~elated statements of ~evenue collected and <br />expenses paid fo~ the yea~ then ended. These financial statements a~e <br />the ~esponsibility of the Administration's management. Our <br />responsibility is to express an opinion on these financial statements <br />based on our audit. <br /> <br />Our examination was made in accordance with generally accepted auditing <br />standards and accordingly, included such tests of the accounting records <br />and such other auditing procedures as we considered necessary in the <br />circumstances. <br /> <br />As described in Note la, these financial statements were prepared on the <br />basis of cash receipts and disbu~sements, which is.a comprehensive basis <br />of accounting other than gene~ally accepted accounting principles, <br /> <br />In our opinion, the financial statements refer~ed to above present <br />fairly, in all material respects, the assets and liabilities - cash <br />basis - of the Arkansas River Compact Administration as of June 30, 1992 <br />and its ~evenue collected and expenses paid during the year then ended, <br />on the basis of accounting desc~ibed in Note la. <br /> <br />Anderson & Company, P,C. <br /> <br />6),)' J\n\"~5~ <br /> <br />1 <br /> <br />4th & Parmenter <br /> <br />. <br /> <br />P. O. Box 1077 <br /> <br />. <br /> <br />Lamar, Colorado 81052 <br /> <br />. <br /> <br />(719) 336-7785 <br />