C150120 Financials 2011 - Laserfiche WebLink

Home Browse Search

CERTIFIED PUBLIC ACCOUNTANTS ' Karla K. Clark, CPA Frankie White, CPA INDEPENDENT AUDITOR'S REPORT Board of Directors Mancos Water Conservancy District IMancos, Colorado We have audited the accompanying financial statements of the governmental activities, the business- type activities and each major fund of Mancos Water Conservancy District as of and for the year ended December 31, 2011, which collectively comprise the District's basic financial statements as listed in the table of contents. These financial statements are the responsibility of Mancos Water ' Conservancy District's management. Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. 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 audit provides a reasonable basis for our opinions. ' In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, and each major fund of the Mancos Water Conservancy District as of December 31, 2011, and the respective changes ' in financial position, and where applicable, cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. In accordance with Government Auditing Standards, we have also issued our report dated September 27, 2012, on our consideration of Mancos Water Conservancy District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts and ' grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. The report is an ' integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit. Suite B / P.O. Box 161 9 / Durango,o, Colorado 81302 570 Turner Drive, S g (970) 247-3954 / FAX (970) 385-6736