WSP07783

• File Number: 8272.100.50
• Description: Colorado River Basin Salinity Control Forum
• Basin: Colorado Mainstem
• Water Division: 5
• Date: 7/31/1989
• Title: Colorado River Basin Salinity Control Forum - Financial Statements - June 30 1989
• Water Supply Pro - Doc Type: Report/Study

In part, as a result of Public Law 92-500, the Forum was
established in 1973 as mechanism for interstate cooperation and
to develop water quality standards. Section 303 of the Clean
Water Act requires that these water quality standards be
reviewed from time to time, but at least once every three
years.

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tv COLORADO RI VER BASI N SALI NITY CONTROL FORUM
~ Notes to Financial Statements
~ June 30, 1989

(1) Accounting Policies

This summary of significant accounting policies of Colorado River
Basin Salinity Control Forum (the Forum) is presented to assist in
understanding the Forum's financial statements. The financial
statements and notes are representations of the Forum's management,
which is responsible for their integrity and objectivity. These
accounting policies conform to generally accepted accounting
principles, and have been consistently applied in the preparation of
the financial statements.

Account i ng Bas is

Assets and liabilities, and revenues and expenses are
recognized on the accrual basis of accounting. For the year
ended June 30, 1989 all revenues earned and expenses incurred
have been received or paid, therefore, there are no accrued
receivables or payables at that date.

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Organization and Purpose

The Forum is composed of up to three water resource and/or
water quality representatives from each of the seven Colorado
River Basin States, appointed by their respective governors.

The seven-state Forum, prepares a review of water quality
standards, including numeric criteria and the plan of
implementation developed by the Forum to maintain water quality
of the Colorado River.

The Forum has contracted with a hydrological engineer to act as
executive director of the Forum. The executive director
provides a focal point of contact for the" forum in dealing with
salinity problems of interstate significance.

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