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<br />Appendix A-Ia <br />AUDITOR'S REPORT <br />Ye.r end 6/30/87 (.dopled 12/8/87) <br /> <br />crimond., farmer <br />& company <br /> <br />c~-Y""judk ~ <br /> <br />To the Represent_tives of <br />Arkansas River Co~pect Ad~inistretion <br />Le.er, Colorado B1DS2 <br /> <br />We have examined the stat...~t of assets' liabilities <br />erising from cash trensections or the Arkanaas RIver Co~pect <br />Administretlon .s 0' June JO. 1987, and the state~ent of cesh <br />receipts end disbursements. changes In cash bblance end the <br />state.ent of cash receipts and disbursements with budget <br />comparison far the year ended June JO. 1987. Ou. ax.mineticn <br />was conducted in accordance ~ith generally ecc.pted auditing <br />standardS. and accordingly, included such tests of the <br />accounting records and such other auditing procedures as ~e <br />considered necessary In the clreu.stances. <br /> <br />As described In not. la of the nates to cash basIs <br />statements. the acco~panying stet.ments are preparad on the <br />cash basis of accounting and accordIngly they are not <br />intanded to be presented In conformIty with generally <br />accepted accounting p~inclpLe9. <br /> <br />In our opinion. the financial statament presents rairly the <br />assat, and lIabIlIties arising r.om cash transections of the <br />Arkansas River Compact Administr.tion as or June 30. 1987, <br />and the results or cash transactions for the y..r then ended <br />on a basis consistent with the previous year. <br /> <br />.' <br /> <br />'~~1G <br /> <br />Certified Public Accountants <br /> <br />September 22. 1967 <br />Lalllar. Colo~ado <br /> <br />23 <br />