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<br />~~rG <br /> <br /> <br />trimond~ !arme" <br />&' companD <br />~judka~ <br /> <br />To the Representatives of <br />Arkansas River Compact Administration <br />Lamar, Colorado 81052 <br /> <br />We have examined ths statsmsnt of assets & liabilitiss <br />arising from cssh transactions of ths Arkansas River Compact <br />Administration as of June 3D, 1987, and the statsment of cash <br />receipts and disbursements, changes in cash bblance and the <br />statsment of cash receipts and disbursemsnts with budget <br />comparison for the ysar ended June 30, 1987. Our sxemination <br />was conductsd in accordance with generally accepted auditing <br />standards, snd accordingly, included such tests of the <br />accounting rscords 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 />statemsnts, the accompanying statements are prepared on the <br />cash basis of accounting and accordingly they are not <br />intsndsd to bs presented in conformity with generally <br />accepted accounting principles. <br /> <br />In our opinion, the financial statement presents fairly the <br />assets and liabilitiss arising from cash transactions of the <br />Arkansas River Compact Administration as of June 3D, 1987, <br />and the results of cash transactions for ths year then ended <br />on a basis consistent with ths prsvious year. <br /> <br />Certified Public Accountants <br /> <br />Septsmber 22, 1987 <br />Lamar, Colorado <br /> <br />-1 - <br /> <br />203 east oak. p.o. box 1173 . lamar, colorado 81052 . (3031 336-7428 <br />members of american institute of certified public accountants and colorado society of certified public accountants <br />