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<br /> <br />. <br /> <br />. <br /> <br />for by type of operating unit and function such as multipurpose plant, irrigation, <br /> <br />power, and M&:I water. Most project facilities are multipurpose. The determina- <br /> <br />tions of the amount of reimbursable costs for such facilities to be repaid by the <br /> <br />ir'rigation, M&:I, and power functions, as well as amounts of nonreimbursable costs <br /> <br /> <br />are based upon a Service allocation of investment and operating expenses. <br /> <br />The formal account records do not reflect allocations of multipurpose facility <br /> <br />construction costs made to reimbursable functions; that is, the total facility cost is <br /> <br />included in a multipurpose plant account. <br /> <br />CRSP financial statements have never been audited with the primary objective <br /> <br />being an opinion thereon. <br /> <br />Since recorded historical financial data is an integral part of the PRS, we included <br /> <br />in our audit selected audit tests of the accounting records and such other auditing <br /> <br />procedures as we considered necessary in the circumstances. <br /> <br />Major accounts included in our tests were power and water revenues; operation and <br /> <br />maintenance expenses, including hydraulic generation, transmission, and adminis- <br /> <br />trative and general expenses; provisions for depreciation and replacement; interest <br /> <br /> <br />on investment; multipurpose/electric plant; plus transfers of cost or property, <br /> <br />- <br />construction work in progress, and interest during construction. Our tests of these <br /> <br />accounts revealed no material discrepancies that would materially distort the data <br /> <br />presented in the PRS. <br /> <br />33 <br />