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<br />1 <br />, <br /> <br />ADDendix A-2 <br /> <br />AUDITORS REPORT <br /> <br />ARKANSAS RIVER COMPACT ADMINISTRATION <br />NOTES TO CASH BASIS STATENENTS <br />June 30, 1993 <br /> <br />NOTE 1 - Summary of Significant accountlng policies: <br /> <br />a. The Administration maintalns financial ~ecord9 <br />using the cash basis of accounting. By using <br />the cash ~8i8 of accounting, certain revenues <br />are recognized when received rather than when <br />earned. and certain expenses and purchases of <br />dssets are recognized when cash is disbursed <br />rather thon when the obligation is incurred. <br /> <br />NOTE 2 - Court reporter fee for: December. 1992 meeting not <br />paid by fiscal year end. <br /> <br />Note J - Speclal aSS8ssment (from Kansas) for fiscal year <br />ending June 30, 1994 was received prior to fiscal <br />year end.. <br /> <br />5 <br /> <br />AIII;'.A'_ <br /> <br />36 <br />