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M E M B E R S A M E R I C A N I N S T I T U T E O F A C C O U N T A N T S N E L S O N C O N W A Y , C . P . A . K E R M I T M O E , C . P . A . C L A R E N C E T . H I B B S , C . P . A R. Y O R K F U N S T O N . C . P . A . C O N W A Y , M O E , H i B B S & F U N S T O N C E R T I F I E D P U B L I C A C C O U N T A N T S 4 4 0 H O O V E R S T R E E T L A S V E G A S . N E V A D A April 17, 1954 Thomas A . Campbell, President Las Vegas Valley Water District Box 1946 Las Vegas, Nevada Deer Sir; T E L E P H O N E 7 0 2 0 It is our intention in the very near future, to start a survey relative to the installation of an accounting system and related processes for the Las Vegas Valley water District. Such survey will be under the ?general supervision of a partner of Haskins & Sells, from the San Francisco Office. We also deem it adviseable to make a preliminary survey of estimated operating revenues and expenses for a period of sixty to ninety days after the purchase is consumated, so that proper provision for working capital funds can be budgeted. Such estimates should be based, in part, on existing condi­tions as reflected in current operating totals of the Las Vegas Land and YJater Company.. Both of the foregoing undertakings will necessitate our having access to the pertinent records or statements of the Water Company, and permission to observe the existing method of record keeping and flow of transactions. We suggest you obtain such permission from the appropriate officials of the Las Vegas Land and water Company or the Union Pacific K&ilro&d at your earliest convenience, so that we can program our work, and make the necessary arrangements with Haskins and Sell3. Yours veiy truly, CotwAY, Mub, k FUNSTON / NC:mo By: Nelson Conway