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<br /> <br />SCO PE <br /> <br />Our review, which was made at the offices of the Service's Upper Colorado Region <br />and selected project offices, included the following: <br /> <br />1. An evaluation of the September 30, 1977, PRS to determine if the rate <br /> <br /> <br />increases proposed for October 1979 will produce sufficient revenues to meet <br /> <br /> <br />annual costs and to repay Federal investment in reimbursable facili ties; <br /> <br /> <br />2. An evaluation of the September 30, 1977, Moc! and irrigation repayment <br /> <br /> <br />schedules to determine if reported costs are properly developed, stated, and docu- <br /> <br />mented, and to ascertain if repayment requirements are adequately covered by <br /> <br /> <br />contract provisions; <br /> <br /> <br />3. A review of the accounting system and related internal controls includ- <br /> <br /> <br />Ig audit tests of transactions affecting assets, income and expense accounts for <br /> <br /> <br />the fiscal year ended September 30, 1977. This work was not done for the purpose <br /> <br /> <br />of expressing an opinion on the CRSP financial statements, but rather to determine <br /> <br /> <br />if cost data were reasonably accurate and a reliable source of historical financial <br /> <br /> <br />data for use in the PRS; and <br /> <br /> <br />/i.. An evaluation of CRSP irrigation and Moc! water marketing practices, <br /> <br /> <br />including analysis of ability to pay determinations, and contract administration. <br /> <br />11 <br />