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Show Note A- Appendix B (Cont'd) NOTES TO FINANCIAL STATEMENTS UPPER COLORADO RIVER COMMISSION June 30, 1956 -In June, 1956, the Commission appropriated the sum of $1,231.60 from unappropriated fund balance as of June 30, 1956. The appropriation is added to the budget for fiscal year ended June 30, 1957, and arises from failure of several of the states to pay the entire amount of the annual assessments to the Commission. The details of the underpayments follow: State Assessment For Fiscal Year Ended Amount Assessed Due Paid Commission Colorado June 30, 1956 $38,618.54 $38,282.00 $336.54 Wyoming June 30, 1957 $10,447.53 $ 9,552.47 $895.06 In the event that the two states concerned do not make payment to the Commission of the balances due, the Commission may find it necessary to further revise its budget in order to provide for refund payments affecting both fiscal years. The Controller of the State of Colorado did not acknowledge the balance of $336.54 due the Commission as of June 30, 1956. Note B-Motion picture film owned by the Commission and produced at a cost of $14,009.10, were considered obsolete at June 30, 1956, and have been reduced to a nominal value of $2.00 on the balance sheet of the Property and Equipment Fund as of that date. -79- |