upr000104 43

CONW Mo e , H ibbs & F u n s to n 3 and further reconciled to the refundable contracts on file, in connection with these additions, reference Is made to our report dated June 9> 19!>1{* covering changes In the basic purchase price to April 30, 19!>1i . Page 3 of said report made reference to amounts included as 'additions to the basic purchase price represent­ing the capitalized cost of fire-hydrant laterals donated by sub-dividers and ex­cluded from the amounts set up in the refundaole contracts, by agreement with the fellers, the capitalised cost of the donated lateral's has been omitted from the ad­ditions to the basic purchase price. /.s at April 3c, 195&, the donated laterals aggregated in amount .13,62'-. 3-6. As at June 30; I95it the a .prorate amounted to Jl8,9l8.36 as shown on Exhibit C. j The amount of - 3 ? > f o r accounts receivable, .nd the amount of • 19,7o0.87 for advance payments by customers as ,at June >o, as shown on Exhibit A, were checked to the detail subsidiary records tnd found in agreement. These amounts were also checked to the balance sheet of has Vegas I >and -mb a ter Co'maiiy fs at June JO, ->e reviewed the accounts with efilers’ auditors, raid, based upon such review, adjustments wore made to reflect the proper charges and credits to the customers 1 accounts, except as to certain accounts', in dispute, the aggregate amount of which was not material. e did not ccsaamnica4© directly with customers to confirm the balances due and owing as at June 30, 1 'jfiL* tieTerence is made, however, to our re­port. as st • ril 30, 1 Pol, <nlersin we commented on reviewing verification procedures used by 'filers' auditors in their examination as at larch 19$h» stating that we found uch procedures to be adequate for the purposes of our examination. Other addition, amounting to - ?09.06 for services and raptorial furnished by hellers was reimbursed to the istrict on July ?3» l?i>l; by the City of Las Vegas. i