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<br />Appendix A-I b <br />AUDITOR'S REPORT <br />Year end 6/30188 (adopled 12/13/88) <br /> <br />crimond., farmer <br />& company <br /> <br />c"11-.d.~ ~ <br /> <br />To the Represent,tlves of <br />Arkans.s River Compact Administration <br />Lamat, Co!orado.S1052 <br /> <br />w. hive ex.~lned the .tate~ent of .".t, & li,billties cash <br />basIs of the Ar~.ns.s RIver Compact Administration IS of June <br />30. 198a, and the statement of Clsh receipts and <br />dlsburse~.nts. chang., In cash balane. and the ,tatement of <br />cash rBcelpts and disbursement, ~!th budget comparIson for <br />the year ended Jun. JO. 1988. Out examination ~as conducted <br />in accordance ~lth gener.lly aceapted auditing standards, and <br />accordingly, included such tests of the accounting records <br />and such other auditIng procedure' IS ue considered necessary <br />In the circumstances. <br /> <br />The financial statements have been prepared on the cash basis <br />of accounting which is a comprahensive basia of accounting <br />other than generally accepted eccounting principles. <br /> <br />In our opinion, the fin.ncial st.tement presents fairly the <br />assets end liabilities .rising from cash transactions of the <br />Arkansas Riv.r Compact Administration as of June JO, 1988, <br />and the results of cash transactions for tha yaar then ended <br />on I basis consistent ~ith the previous year. <br /> <br />Cu--e.~ ~ c., <br /> <br />~ <br /> <br />September 2J, 198a <br />Lamar, Colorado <br /> <br />27 <br />