C150324 feas study

• Contract/PO #: C150324
• Contract/PO #: CT2015-037
• Contractor Name: Tri-County Water Conservancy District
• Contract Type: Loan
• Water District: 68
• County: Montrose
• County: Ouray
• County: Delta
• Loan Projects - Doc Type: Feasibility Study

DONALD R. MORELAND & ASSOCIATES, P.C.
C E R T I F 1 E D P U B L I C A C C O U N T A N T 5
INDEPENDENT AUDITOR'S REPORT
Board of Directors
Tri-County Water Conservancy District
Montrose, Colorado 81901
We have audited the accompanying basic financial statements of the Tri-County Water
Conservancy District, as of and for the years ended December 31, 2009 and 2008, as
listed in the table of contents. These financial statements are the responsibility of
the District's management. Our responsibility is to express an opinion on these
financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the
United States of America. Those standards require 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 assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of the Tri-County Water Conservancy District,
as of December 31, 2009 and 2006, and the changes in its financial position and its
cash flows for the years then ended in conformity with accounting principles generally
accepted in the United States of America.
The management's discussion and analysis on pages 2 through 6 is not a required part of
the basic financial statements but are supplementary information required by the
Governmental Accounting Standards Board. We have applied certain limited procedures,
which consisted principally of inquiries of management regarding the methods of
measurement and presentation of the required supplementary information. However, we
did not audit the information and express no opinion on it.
Our audits were made for the purpose of forming
that collectively comprise the District's basic
supplementary information listed in the table of
additional analysis and are not a required par
the Tri-County Water Conservancy District. Suc
auditing procedures applied in the audits of the
opinion, ,is fairly presented in all materia
financial statements taken as a whole.
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Montrose, Colorado
July 29, 2010
Telephone [phone] Facsimile [phone]
1675 East Niagara Road • Montrose, Colorado 81401
an opinion on the financial statements
financial statements. The accompanying
contents are presented for purposes of
= of the basic financial statements of
i information has been subjected to the
basic financial statements and, in our
_ respects in relation to the basic