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<br />M~l~: <br /> <br />j.u.lThlll;!lcr Bkl~ <br /> <br />c> <br /> <br />~Ychlo. r.o ~IOO3 <br /> <br />... <br />~ <br />~ <br />--J <br /> <br />Ph<>flcm~l~a..{l:;16 <br /> <br />F"mQI;,jJ.Z~9 <br /> <br />M ( P h t r Ion. <br /> <br />!lf1foglt, <br />Llcnly!fl & <br />O'wfllnt. 't <br />~1'hlill 'lll;ll: illl!llIl <br /> <br />INDEPENDENT AUDITORY REPORT <br /> <br />Board of Directors <br />Southeastern Colorado Water Conservancy District <br />Pueblo, Colorado <br /> <br />We have audited, in accordance with generally accepted auditing standards, the general purpose financial <br />statements of Southeastern Colorado \Vater Conservancy District as of and for the year ended December <br />J 1, 1997 (not presented herein). In our report dated January 29, 199B, we expressed an unqualified opinion <br />on those general purpose financial statements. <br /> <br />In our opinion, the information set forth in the accompanying condensed financial statements is fairly stated, <br />in all material respects, in relation to the general purpose financial statements from which it has been <br />derived. <br /> <br />MCPHERSON, BREYFOGLE, LICHLYTER & DAVELlNE, PC <br /> <br />March 11. 1998 <br /> <br />12 <br />