OCR Text |
Show Appendix A (continued) DALBY & McNULTY Certified Public Accountants First National Bank Building Grand Junction, Colorado August 11, 1960 Upper Colorado River Commission Salt Lake City, Utah Gentlemen: We have examined the balance sheets of the General Fund, the Property and Equipment Fund, and the New Motion Picture Fund of the Upper Colorado River Commission as of June 30, 1960, and the related Statement of Revenue and Expense-General Fund for the year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records as we considered necessary in the circumstances. In our opinion, the accompanying balance sheets and statements of revenue and expense present fairly the financial position of the Upper Colorado River Commission at June 30, I960, and the results of its operations for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. S/DALBY & McNULTY, Certified Public Accountants 68 |