Laserfiche WebLink
1 <br /> I Accounting principles generally accepted in the United States of America require that the budgetary <br /> comparison information on pages 17 and 18 be presented to supplement the basic financial <br /> statements. Such information, although not a part of the basic financial statements, is required by the <br /> Governmental Accounting Standards Board, who considers it to be an essential part of financial <br /> ' reporting for placing the basic financial statements in an appropriate operational, economic, or <br /> historical context. We have applied certain limited procedures to the required supplementary <br /> information in accordance with auditing standards generally accepted in the United States of America, <br /> ' which consisted of inquiries of management about the methods of preparing the information and <br /> comparing the information for consistency with management's responses to our inquiries, the basic <br /> financial statements, and other knowledge we obtained during our audit of the basic financial <br /> statements. We do not express an opinion or provide any assurance on the information because the <br /> limited procedures do not provide us with sufficient evidence to express an opinion or provide any <br /> assurance. <br /> Our audit was conducted for the purpose of forming opinions on the financial statements that <br /> collectively comprise the Mancos Water Conservancy District's financial statements as a whole. The <br /> ' accompanying other supplementary information consisting of a budgetary comparison schedule for the <br /> Water Activity Enterprise Fund on page 19 is presented for purposes of additional analysis and is not a <br /> required part of the financial statements. The accompanying schedule of expenditures of federal <br /> ' awards is presented for purposes of additional analysis as required by U. S. Office of Management <br /> and Budget Circular A-133. Audits of States, Local Governments and Non-Profit Organizations, and is <br /> also not a required part of the financial statements. The budgetary comparison schedule for the Water <br /> Activity Enterprise Fund and the schedule of expenditures of federal awards are the responsibility of <br /> ' management and were derived from and relate directly to the underlying accounting and other records <br /> used to prepare the financial statements. The information has been subjected to the auditing <br /> procedures applied in the audit of the financial statements and certain additional procedures including <br /> ' comparing and reconciling such information directly to the underlying accounting and other records <br /> used to prepare the financial statements or to the financial statements themselves, and other <br /> additional procedures in accordance with auditing standards generally accepted in the United States of <br /> ' America. In our opinion the information is fairly stated in all material respects in relation to the financial <br /> statements as a whole. <br /> ' Mancos Water Conservancy District has not presented the management's discussion and analysis <br /> that governmental accounting principles generally accepted in the United States require to be <br /> presented to supplement the basic financial statements. Such missing information,although not a part <br /> of the basic financial statements, is required by the Governmental Accounting Standards Board, who <br /> considers it to be an essential part of the financial reporting for placing the basic financial statements <br /> in an appropriate operational, economic, or historical context. Our opinion on the basic financial <br /> statements is not affected by this missing information. <br /> NA"( fia,da0 Otiat6 <br /> Clark,White&Associates, Inc. <br /> Certified Public Accountants <br /> September 27, 2012 <br /> 1 <br /> 1 <br />