Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />Independent Auditor's Report <br /> <br />8&C <br /> <br />Swanhorst & Cutler LLC <br /> <br />Certified Public Accountants <br /> <br />Board of Directors <br />Colorado Foundation for Water Education <br />Denver, Colorado <br /> <br />Independent Auditors' Report <br /> <br />We have audited the accompanying statement of financial position ofthe Colorado Foundation for Water Education, <br />as of June 30, 2003, and the related statements of activities and cash flows for the year then ended. These financial <br />statements are the responsibi lity of the Colorado Foundation for Water Education's management. Our responsibil ity <br />is to express an opinion on these financial statements based on our audit. <br /> <br />We conducted our audit in accordance with auditing standards generally accepted in the United States of America. <br />Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial <br />statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the <br />amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used <br />and significant estimates made by management, as well as evaluating the overall financial statement presentation. <br />We believe that our audit provides a reasonable basis for our opinion. <br /> <br />In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position <br />of the Colorado Foundation for Water Education, as of June 30, 2003, and its changes in net assets and cash flows <br />for the year then ended in conformity with accounting principles generally accepted in the United States of America. <br /> <br />Our audit was conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. <br />The schedule of functional expenses is presented for purposes of additional analysis and is not a required part of the <br />basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of <br />the financial statements and, in our opinion, is fairly presented in all material respects in relation to the basic financial <br />statements taken as a whole. <br /> <br />~f ~~u" <br /> <br />August 28, 2003 <br />