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Schedule 1 The receipts and disbursements for the budget year of July 1, 1964, to June 30, 19()5, as compared with budgeted items for that year are ..;,hown in Schedule 1. This differs from the report year of November 1, 1964, to October 31, 1965, and is the result of combining the receipts and disbursements for the appropriate months of the current and pre- vieus report years. The capital outlay of $300.00 and gage replacement and rehabilitation of $3,700,00 authorized in the budget for the budget year ended June 30. 1965. were paid in January and April of 1965, These transactions caused the cash disbursements to exceed the current years budget, but were in conformity with budgct'~d items when com- pared with their respective. years budgets. Financial position of the Adm.inistration as compared with last year is shown below: COMJ>i\R;\TI\'E BALANCE SHEET ASSETS Cash in Bank..___. EljuipmC'llt October ~1, 19M ..,..$8,885,,0 3Y2.JO Total Assets. ......$9,277.80 LIABILITIES .."ND FUND BALANCES Expended Fund Balance, Equipment....... Unexpended Fund Balancc______ ....__..________, ,$ ~92,.I0 .... 8,885,30 Total Liabilities and Fund Balances.., "..$9,277,80 OPINION October 31,1965 $7.934,25 767,50 $8,701.75 $ 767,50 7,934_25 $8,701.75 1n our opinion the StatCJ11ent of Receipts and DisburS("rnents and Changes in Fund Balances pre.sents fairly the financial position of the Arkansas River Compact Administration at October 31, 1965, and the results of operations for the fiscal year then ended on a basis consis.tent with that of the previous year. Respectfully submitted, A. MAR VI N STRAIT ,\