Feb 4, 2013 Meeting w/ Notes

�FR E D RIC KZI N K &Associates
A professional corporation. I CPAs
January 15, 2013
Animas La Plata Operation, Maintenance and Replacement Association
125 Smelter Place
Durango, Colorado 81303
We are pleased to confirm our understanding of the services we are to provide for Animas La Plata Operation,
Maintenance and Replacement Association for the year ended September 30, 2012.
We will audit the balance sheet of Animas La Plata Operation, Maintenance and Replacement Association as of
September 30, 2012, and the related statements of activities and cash flows for the year then ended. We will also
prepare the federal and state information returns for the year ended September 30, 2012. A separate engagement
letter has been offered for that service.
Audit Objective
The objective of our audit is the expression of an opinion about whether your financial statements are fairly
presented, in all material respects, in conformity with U.S. generally accepted accounting principles. Our audit will be
conducted in accordance with generally accepted auditing standards established by the Auditing Standards Board
(United States) and will include tests of your accounting records and other procedures we consider necessary to
enable us to express such an opinion. If our opinion is other than unqualified, we will discuss the reasons with you in
advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed an
opinion, we may decline to express an opinion or to issue a report as a result of this engagement.
Audit Procedures
Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts,
tests of the physical existence of inventories, and direct confirmation of receivables and certain other assets and
liabilities by correspondence with selected funding sources, creditors, and financial institutions. We will also request
written representations from your attorneys as part of the engagement, and they may bill you for responding to this
inquiry. At the conclusion of our audit, we will require certain written representations from you about the financial
statements and related matters.
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas
to be tested. Also, we will plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3)
misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the
Organization or to acts by management or employees acting on behalf of the Organization.
Because an audit is designed to provide reasonable, but not absolute, assurance and because we will not perform a
detailed examination of all transactions, there is a risk that material misstatements may exist and not be detected by
us. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental
regulations that do not have a direct and material effect on the financial statements. However, we will inform you of
any material errors and any fraudulent financial reporting or misappropriation of assets that come to our attention.
954 East Second Ave. Suite 201, Durango, CO 81301 * 970 - 247 -0506 fax: 970 - 247 -0587 1 durangocpas.com
Members: American Institute of Certified Public Accountants and Colorado Society of Certified Public Accountants