C150160 Feasibility Study

• Contract/PO #: C150160
• Contractor Name: Central Colorado Water Conservancy District
• Contract Type: Loan
• Water District: 0
• County: Adams
• County: Morgan
• County: Weld
• Loan Projects - Doc Type: Feasibility Study

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WATKINS & SCHOMMER, INC.
Certified Public Accountants
1220 11TH AVENUE, SUITE 200
GREELEY, COLORADO 80631
(970) 352"1700

LEE WATKINS
DAN SCHOMMER

INDEPENDENT AUDITOR'S REPORT

January 18, 2002

Board of Directors
Ground Water Management Subdistrict
of Central Colorado Water
Conservancy District
Greeley, Colorado

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We haveaudit~d 'the accompanying gen~ralpurposefinancial, statements of Ground
Water J-1anagement ,Subdistrict. ofCentra1 Colorado Water Conservancy District as
C?fDE;lCember.31, 2001, and for the Year then endedas listed, in the table of'
contents . ,These, financial statement,s are the responsibility of the District~.s
management., .cUI; H~sponsibili ty is to eJ:Cpress an opinion on these financial
st~temE;lnts based on our audit. .

weconduct:ed ourauait'in, accqrda~ce 'with auditing standarp.s generally ,accepted
.in the Uni ted$ta tes of }\me'rica., Those staridardsrequire that we plan and
perform.' the, audit to obtain reasonable assurance about whether the financial
statements are free of ,material misstatement. ,An audit includes examining, , on
a ,test basis, evidence supporting the 'amounts and, disclosures in the ',' financial.
statements. An audit also includes assess,ihg the aCGountingprinciples used,
and, significant estimates. maqebymanagement, ,as well as evaluatirig the overall
financialsta.tementpresentation; We believe that our; audi tpfOvio.es a
reasonable 'basis f6r ouropihion. '

In ,our opinion, ' the general purpose ,fihancial statements referred to above
presen'tfairly, in. all materia],. respects, the financial position of the Ground
'Water Management Subdistrict of Central ColO'rado Water Conservancy District as
.ofDecember 31, 2001, ,and the results of its operations for the year then ended
in conformity wi thaccounting principlesgerrerally accepted in the United
States of America . .,'

OUr audit was made for the purpose of forming an opinion on the general purpose
fihahcial statements taken as a whole. The accompanying supplemental
information listed in the table of contents are presented for purposes of
additional analysis and are not a required part of the general purpose
financial statements of the Ground Water Management Subdistrict of Central
Colorado Water Conseivancy District. Such information has been subjected to
the auditing procedures applied in the audit of the general purpose financial
statements and, in our opinion, is fairly stated in all material respects in
relation to the general purpose financial statements taken as a whole.

Respectfully submitted,

j1/~""4~

Watkins & Schommer, Inc.
Certified Public Accountants

MEMBERS OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS