OCR Text |
Show Appendix A (continued) DALBY & McNULTY Certified Public Accountants First National Bank Building Grand Junction, Colorado August 21, 1958 Upper Colorado River Commission Grand Junction, Colorado We have examined the balance sheets of the General Fund and the Property and Equipment Fund of the Upper Colorado River Commission as of June 30, 1958, and the related statement of revenue and expense 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 and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the accompanying balance sheets and revenue and expense statement present fairly the financial position of the Upper Colorado River Commission at June 30, 1958, 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. Certified Public Accountants 50 |