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<br />- <br /> <br />.. <br />I- <br />< <br />tl <br />- <br />.. <br />j: <br />a: <br />.. <br />tl <br />'II <br />I- <br />Z <br />< <br />I- <br />Z <br />::> <br />o <br />tl <br />tl <br />< <br /> <br />- <br /> <br />ACCOUNTANT'S <br />CERTIFICATE <br /> <br />STATE <br />EXAMINER'S <br />ACCEPTANCE <br /> <br />30 <br /> <br />I <br /> <br />H"'SKINS B. SELLS <br /> <br />CU'",,,, .y....c ""C""~'.~'. <br /> <br />"~.' ~A"""A' h~. ."'"0''''' <br /> <br />....o~..,x. .....zo.... <br /> <br />To the COIlIIlle..lon of the <br />Arizona POIo'er Authority: <br /> <br />\Ie have exam1..ned the balance m-t of the Arlt.01lft PenIal' Author1 ty <br />all of June 30, 1960 and the related Ilt.a~tlt of 1nc0llle and urlII.lloc&ted <br />retained earn1ngB tor the Jear then en:1eO. Our t1XflIII.1nat1on vall lIIII.de 1n <br />accordance \11th gener&11, accepu.d audlt1.rlo3 lltam.ardll, II.lld. accoro1ngly <br />1llcl"Ded. Iluch tellta or the accountLne recoroa II.lld. auch other audlt1.ng <br />procedurea ll-!l ...e cOO$lt1er",;t n&Cell5a1"]' 1n the clrcu:nat.aneell. <br /> <br />In our opinion, the ll.CCOlIIp!l.flJ'1ng balance Iln-t ILrl<1 atat_nt of <br />1ncQllo!l and unallocated reta1ned eam1ng1l present talrll t.hfl tu.nclal <br />po$lt1on of the Arlwna PcnIer Authority at June 30, 1960 and the resultll <br />ot lte opl>r'llt1ona tor the yeer then ended, 1n eonto=1tJ \11th ~nel'l!.ll,. <br />accepted IlCcOunt1ng pr1nclplea (except u ment10ned 1n Note <oj applIed <br />on & ball111 cOMlateot v1th that of the preced1ng "_1'. <br /> <br />~<-~ <br /> <br />July 28, 1960 <br /> <br />.........-.........-.-.... <br /> <br />~ <br />~ <br /> <br />.............. <br />w........ <br /> <br />THE STATE EXA.MINEk <br /> <br />O..NI....""u <br />......,-............."'.".....- <br />~"Ol[..'. ......ON.. <br /> <br />o.."..",bu 19. 1960 <br /> <br />Mr. John M<:Gu... Secr..u.I')' <br />Arizona Pow..r Authorily <br />1810 W..IIIAdamll Slr....l <br />Phoeni.. Arlton.o. <br /> <br />O"..r Mr. McGu", <br /> <br />n115 Ullollcknowlw,er"",..lplo[audllr..p<>rto[lh.. <br />Arlw.... Pow..r Authont;.' for !be y..ar ..ode<! Jun.. 30. <br />1960. Anal}'lIuof \h.. r..port,!\dlclIl..llcomm..ndabl.. <br />df1c,..ncy<>fop<'ratlon. <br /> <br />~hnc......ly. <br /> <br />~~ <br />St<lt..Euml"..r <br />