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<br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />. <br /> <br />I <br /> <br />ARKANSAS RIVER COMPACT ADMINISTRATION <br />NOTES TO CASH BASIS STATEMENTS <br />JUNE 3D, 1979 <br /> <br />Note 1 - Summary of significant accounting policies: <br /> <br />a. The Administration maintains financial <br /> <br />records using the cash basis of accounting. <br /> <br />By using the cash basis of accounting certain <br /> <br />key accounts needed to present financial <br /> <br />position and results of operations are <br /> <br />omitted; examples of these accounts are <br /> <br />accounts receivable and accounts payable. <br /> <br />-5- <br /> <br /> <br />