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1 <br /> 1 <br /> Our audit was conducted for the purpose of forming opinions on the financial statements that <br /> collectively comprise Morgan County Quality Water District's financial statements as a whole. <br /> The budgetary comparison schedule is presented for purposes of additional analysis and is not <br /> a required part of the financial statements. The budgetary comparison schedule is the <br /> responsibility of management and was derived from and relates directly to the underlying <br /> accounting and other records used to prepare the financial statements. The information has <br /> been subjected to the auditing procedures applied in the audit of the financial statements and <br /> certain additional procedures, including comparing and reconciling such information directly <br /> to the underlying accounting records and other records used to prepare the financial <br /> statements or to the financial statements themselves, and other additional procedures in <br /> accordance with auditing standards generally accepted in the United States of America. In our <br /> opinion, the information is fairly stated in all material respects in relation to the financial <br /> statements as a whole. <br /> iautit, Syago &ridaociaz`ed, .e. <br /> Sterling, Colorado <br /> April 5, 2011 <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> _2. <br /> 1 <br />