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<br />I . ,- When Re'at~'ol-lshjps Cou:nt'M;;~~~' <br /> <br />~ Clifton <br />~ Gunderson LLP <br /> <br />Certified Public Accountants & CQt\Sultal\ts <br /> <br />RECEIVED <br />MAR 11 2002 <br /> <br />March 7, 2002 <br /> <br />CcIoJado Water ConselValion 80am <br /> <br />Mr. Mike Serlet <br />Colorado Water Conservation Board <br />1313 Sherman Street, Room 721 <br />Denver, CO 80203 <br /> <br />Dear Mr. Serlet: <br /> <br />We have been asked to give you an estimate of the cost and time required to prepare the <br />financial statements of the Construction Fund and the Severance Tax Trust Fund (as it <br />relates to CWCB) for fiscal years not included in our original contract. <br /> <br />We will prepare the financial statements for the fiscal years ended June 30, 2003, 2004 <br />and 2005 and perform special projects for an additional $100,000, Please see attached <br />schedule that details by year the estimate of hours and cost at our standard hourly rates. <br /> <br />We very much appreciate the opportunity to serve you and will be pleased to discuss any <br />questions you may have, <br /> <br />Very truly yours, <br /> <br />~~LL/J <br /> <br />Clifton Gunderson LLP <br /> <br />6399 South Fiddlers Green Circle, Suite 100 <br />Greenwood ViI/age, Colorado 80111 <br />tel: 303.779.5710 <br />fax: 303.779.0348 <br />www.cliftoncpa.com <br /> <br />Offices in 13 states and Washington, DC <br /> <br />M.mbuo' <br /> <br />lI,n..,"""on., <br />