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Show JOHN E. McNULTY Certified Public Accountant 200 North Sixth Street Grand Junction, Colorado September 21, 1961 Upper Colorado River Commission Salt Lake City, Utah Gentlemen: I have examined the balance sheets of the General Fund, the Property and Equipment Fund, the New Commission Office Building Fund, and the New Motion Picture Fund of the Upper Colorado River Commission as of June 30, 1961, and the related Statement of Revenue and Expense-General Fund for the year then ended. My examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records as I considered necessary in the circumstances. In my opinion, the accompanying balance sheets and statement of revenue and expense present fairly the financial position of the Upper Colorado River Commission at June 30, 1961, 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/JOHN E. McNULTY Certified Public Accountant 81 |