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<br />richard p. crimond, c.p.a. <br />ronny r. farmer, c.p.a. <br /> <br />.t-imond~ farmer. <br />&' companD <br /> <br />~ jtudk cuxoun/ana <br /> <br />To the Representatives of <br />Arkansas River Compact Administration <br />lamar, Colorado 81052 <br /> <br />We have examined the Statement of Assets & liabilities <br />Arising from Cash Transactions of the Arkansas River Compact <br />Administration as of June 30, 1986, and the Statement of Cash <br />Receipts and Disbursements, Changes in Cash Balance and the <br />Statement of Cash Receipts and Disbursements with Budget <br />Comparison for the year ended June 30, 1986. Our examination <br />was conducted in accordance with generally accepted auditing <br />standards, and accordingly, included such tests of the <br />accounting records and such other auditing procedures as we <br />considered necessary in the circumstances. <br /> <br />As described in Note la of the Notes to Cash Basis <br />Statements, the accompanying statements are prepared on the <br />cash basis of accounting and accordingly they are not <br />intended to be presented in conformity with generally <br />accepted accounting principles. <br /> <br />In our opinion, the financial statement presents fairly the <br />Assets and liabilities Arising from Cash Transactions of the <br />Arkansas River Compact Administration as of June 3D, 19B6, <br />and the results of Cash Transactions for the year then ended <br />on a basis consistent with the previous year. <br /> <br />~ ,4-~ IG <br /> <br />Certified Public Accountants <br /> <br />September 4, 1986 <br />lamar, Colorado <br /> <br />-1 - <br /> <br /> <br />members of american institute of certified public accountants and colorado society of certified public accountants <br /> <br />203 east oak <br />p.o. box 1173 <br />lamar, co. 81052 <br />(303) 336-7428 <br /> <br /> <br />