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<br />ADDendix A-2 <br />AUDITORS REPORT <br /> <br />ARKANSAS RIVER COMPACT AOnINISTRATION <br />NOTES TO CASH BASIS STATEMENTS <br />June JO. 19<;12 <br /> <br />NOTE I - SUIllIIIl:Iry of 1I1gnlhc(lnt GCCOuntHlq pO!iclell. <br /> <br />4. n,. Admlnll1trdtion aI!IlntollHl1I fiMncial recorda <br />UBlnq the CGlIh b.:I1I11I of &CCOWltlng. By U91nq <br />ttw clIllh b4alll of <lIccountlng. cert"1n revenues <br />are recognized when received {'<lither than liMn <br />e/lrned. aod certain expenses and purchaeeo ot <br />oIIa6er8 4rlll recoqnized when C4lJh 111 dlllbursed <br />rather than _hen the obligation 111 incurred. <br /> <br />, <br /> <br />36 <br /> <br />..COIlU <br />