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<br />accounting records and such other auditing procedures as we considered
<br />necessary in the circumstances,
<br />As described in Note 1a of the Notes to Cash Basis Statements, the
<br />accompanying statemen~ are prepared on the cash basis of accounting
<br />and accordingly they are' oot intended to be presented in conformity with
<br />generally accepted accounting principles,
<br />In our opinion, the financial statement presents fairly the Assets and
<br />Liabilities Arising from Cash Transactions of the Arkansas River
<br />Compact Administration as of June 30, 1986, and the results of Cash
<br />Transactions for the year then ended on a basis consistent with the
<br />previous year,
<br />
<br />/s/ Crimond, Farmer & Co,
<br />Certified Public Accountants
<br />
<br />September 4, 1986
<br />Lamar, Colorado
<br />
<br />ARKANSAS RIVER COMPACI' ADMINISTRATION
<br />STATEMENT OF ASSETS & LIABILITIES
<br />ARISING FROM CASH TRANSACI'IONS
<br />June 30, 1986
<br />
<br />ASSETS:
<br />Cash & Savings",,"" ,......""""",......,....""..""...."..," ,....,...." ..$51,879
<br />Equipment."",...."""",..",..""".."",..",.."""..,..,..,',..,",..,..,'" 21,993
<br />Concrete COntrol.""".."""""...."""""",......,.."".."".."..""..", 8,000
<br />
<br />TOTAL ASSETS...."".."",..",.."""".."""...."",..""....",.."'" 81,872
<br />
<br />LIABILITIES:
<br />Liabilities""",...."""",.."""....""""""",...."""""""" ,..,..,..,.. 0
<br />CASH BASIS EQUITY:
<br />Expended :
<br />Equipment."",..,...."""..""""".."..,..""""",..""....,.."",',..,.." 21,993
<br />Concrete ControL"""""..""""""",..,...."".."""",..""....,.."".., 8,000
<br />Unexpended: """"",..,...."""""......,..','..""....'",....""",..'..,"" 51,879
<br />TOTAL CASH BASIS EQUITY-NOTE 1a,................................ 81,872
<br />TOTAL LIABILITIES & CASH BASIS EQUITY................ ,........$81,872
<br />
<br />The accompanying notes are an integral part of the statements,
<br />
<br />16
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