C150063 Feasibility Study

• Contract/PO #: C150063
• Contractor Name: Jackson Lake Reservoir & Irrigation Company
• Contract Type: Loan
• Water District: 1
• County: Morgan
• Bill Number: SB 94-29
• Loan Projects - Doc Type: Feasibility Study

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WIWAM C. ANDERSON, CPA
MICHAEL S. LEE, CPA

527 West Plan. Avenue - P.O. Box 594
ForI Morgan, Colorado 80701
Bus. [phone]
Fax [phone]

ANDERSON, LEE & COMPANY

CERTIFIED PUBUC ACCOUNTANTS

Indeoendent Auditor's ReDort

Board of Directors
The Jackson Lake Reservoir
and Irrigation Company
Fort Morgan, Colorado

We have audited the balance sheets of t!ie Jackson Lake Reservoir and
Irrigation Company as of December 31, 1998 and 1997, and the related statements
of revenues, expenses and changes in fund balance and cash flows for the years
then ended. These financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
~sstatement. 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 audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly,
in all material respects, the financial position of The Jackson Lake Reservoir
and Irrigation Company at December 31, 1998 and 1997, and the results of its
operations and cash flows for the years then ended in conformity with generally
accepted accounting principles.

Fort Morgan, Colorado
January 18, 1999

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Americ8n InstiMe of Certified Public Accountants . Coforado SocIety of Certified Pubfic Accountants

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