WSP12923

• File Number: 8111.500
• Description: ARCA
• Basin: Arkansas
• Date: 6/30/2003
• Author: ARCA
• Title: Audited Financial Statements, June 30, 2003
• Water Supply Pro - Doc Type: Data

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Members
NSA
PASC

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Certified Public Accountants

. Ronald D. Anderson, P.A.
Gary L. Anderson, C.P.A.
Cynthia S. Anderson, A.B.A., AT.P.

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INDEPENnRNT AUDITOR'S REPORT

November 6, Z003

To the Representatives of
Arkansas River COll1Pact Administration
Lamar, Colorado 8105Z'

We have audited the accompanying statements of assets, liabilities and equity _ cash basis
- of the Arkansas River COlTlpact Administration as of June 30, 2003. and the related
statements of revenue collected. and expenses paid for the year then ended. These.
financial statements are the responsibility of the Administration's management. Our
responsibility is to express an opinion on these financial statements based on our audit.

Our examination was made in accordance with generally accepted auditing standards and
accordingly, included such tests of the accounting records and such other auditing
procedures as we considered necessary in the circumstances.

As described in Note Ia, these financial statements were prepared on the basis of cash
rec.eipts and disbursements, which is a comprehensive basis of accounting ot~er than
generally accepted accounting principles.

In oUr opinion, the financial statements referred to above present fairly, in all material
respects, the assets and liabilities -cash basis - of the Arkansas River Compact
Administration as of June 30, 2003 and its revenue collected and expenses paid during
the year then ended, on the basis of accounting described in Note 1 a.

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Andron & Company, P.C. .

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f 4th & Parmenter

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[phone]

P.O. Box 1077

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FAX: [phone]

Lamar, Colorado 81052