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<br />ADDendix A-2 <br />AUDITORS REPORT <br /> <br />/~~lf <br /> <br />Membc:n <br />NSPA <br />PAse <br /> <br />Certified Public Account,nll <br /> <br />GITyl.Ander,on.C P ..... <br />Ronald D. Andcr\on. p" <br /> <br />Sephmber. Z. 1992 <br /> <br />W. hoWl ~udltlKl the 4CCOlllpcmyHJq It"telllllnte of .ss..ta, l1abiliU.. and <br />equity - cash b,nis - of the Arkel18aa Rivet" Coepact Aclllllnbtr4tion ... o( <br />JUI'lliIl 30, 1992. and the related atatolDllnts of C'evenue collected and <br />..-pense. paid [or the year then ended. n... Una.ncl1111 etate_nu an <br />t.he rlu~rwlbility Qf the AdministrClUon'. _nege_nt. Our <br />r..porwibil1ty i. to erpr... an opinion on the.. [in4~lal leGt_Dent. <br />~..d on our audit. <br /> <br />Our .~oalnation ~. GOd. in accordGnce with qenerally accepted auditing <br />standard. and aeeordil'l';lly, included sueh te.u of the aecountlng records <br />and luch other auditil'l';l procedure. 48 "I C'On8ider"8d ~c.._t'y In the <br />cl!"CUlUto.nc'" <br /> <br />At de8cribed in Note 1a. the.. HMncial 8tat8l1111nta "ani pr'pored on the <br />~1. of ~h ~lpt. and di.bur....nt.. Yhich i. a comp~hensiye ba.l. <br />o( accountill9 other than ~ne["ally accepted accountill9 pr.l.nclplelll. <br /> <br />In our opinion. ths fi~neial state~nts referred to above present <br />hirly. 1n all _terial respects. the assets and liabilities - cash <br />basis - of the Arkans.u River Colllpl:lct Administration as of JWllI.3O, 1992 <br />and its revenue collected and expense., paid during ths year thBn ended. <br />on the b.!asis of accountinq described in liou la. <br /> <br />Anderson & Company. P.C. <br /> <br />6)~, ,Pr\'Cr~<"-- <br /> <br />I ~...u rnln..nn 1l10q <br /> <br />I7IQI llh.'7~\ <br /> <br />32 <br /> <br />A~CA lttJ <br />