2008 kcrma audit

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OORE & ASSOCIATES P.e. 8QCJCJuDCJGCERTIFIED PUBLIC ACCOUNTANTS Ken-Caryl Ranch Master Association Financial Statements For the years ended December 31,2008 and 2007 1450 S Havana St., Suite 410 Aurora, Colorado 80012 Phone 303-752-4500 Fax 303-752-3331 TABLE OF CONTENTS AUDITOR'S REPORT . FINANCIAL STATEMENTS Balance Sheets............................................................................................... 2 Statements of Revenues, Expenses, and Changes in Fund Balances 3 Statements of Cash Flows........ 4 Notes to Financial Statements 5 SUPPLEMENTARY INFORMAnON Schedules of Operating Fund Expenses, Budget and ActuaL....................... 14 Supplementary Information on Future Major Repairs and Replacements..... 15 Page i 8t!JTIt?OwGCERTIFIED PUBLIC ACCOUNTANTS INDEPENDENT AUDITOR'S REPORT To the Board of Directors Ken-Caryl Ranch Master Association: We have audited the accompanying balance sheets of Ken-Caryl Ranch Master Association as of December 31, 2008 and 2007, and the related statements of revenues, expenses, and changes in fund balances and cash flows for the years then ended. These financial statements are the responsibility of the association's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and ...

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Novug

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