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<br /> <br />. <br /> <br />. <br /> <br /> <br />ARKANSAS RIVER COMPACT ADMINISTRATION <br />NOTES TO CASH BASIS STATEMENTS <br />JUNE 30, 1985 <br /> <br />Note 1 - Summary of significant accounting policies. <br /> <br />a. The Administration maintains financial records using <br /> <br />the cash basis of accounting. <br /> <br />By using the cash <br /> <br />basis of accounting, certain key accounts needed to <br /> <br />present financial position and results of operations <br /> <br />are omitted; <br /> <br />axamples of these accounts are accounts <br /> <br />recaivable and accounts payeble. <br /> <br /> <br />-5- <br />