Accountants report and financial statements of November 30, 1974

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GROWER-GW JOINT RESEARCH COMMITTEE, INC.

ACCOUNTANTS I REPORT

and

FINANCIAL STATEMENTS November 30, 1974

ANDERSON, HUNTER,THOMTE 0: KURTZ CERTIFIED PUBLIC ACCOUNTANTS

GREELEY,COLORADO BOULDER, COLORADO FORT COLLINS, COLORADO

GROWER-GW JOINT RESEARCH COMMITTEE, INC.

ACCOUNTANTS I REPORT

and

FINANCIAL STATEMENTS November 30, 1974

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ANDERSON, HUNTER, THOMTE & KURTZ

CERTIFIED PUBLIC ACCOUNTANTS

To the Directors and Members of

Grower-GW Joint Research Committee, Inc.

We have examined the statement of cash receipts and disbursements and changes in cash balance of the Grower-GW Joint Research Committee,

Inc, for the year ended November 30, 1974, Our examination was made in accordance with generally accepted auditing standards and accordingly in-cluded such tests of the accounting records and such other auditing proced-ures as we considered necessary in the circumstances.

The accompanying statement has been prepared on a cash basis and therefore should not be relied upon to present financial position or the re-sults of operations,

In our opinion, the accompanying statement presents fairly the cash balance at November 30, 1974 resulting from cash transactions of the Grower s-GW Joint Research Committee, Inc, and its cash receipts and disbursements for the year then ended, on a basis consistent with that of the preceding year,

December 27, 1974 Greeley, Colorado

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GROWER-GW JOINT RESEARCH COMMITTEE, INC. Statement of Cash Receipts and Disbursements

For the Year Ended November

30, 1974

1973

RECEIPTS

Assessments Growers

Great Western

Research grants--variety testing Total receipts

DISBURSEMENTS Research grants Travel

Meeting expense Legal and accounting Advertising and publicity Insurance and bond

Office Taxes Telephone

Total disbursements

EXCESS OF RECEIPTS OVER DISBURSEMENTS

CASH BALANCES Beginning of year End of year

1974

$ 46,438

46,438

26,505

119,381

100,285

7,531

323

434

75

l, 03 5

1,049

50

-10

110,792

8,589

12L772

$130,361

NOTE--Subsequent to year end the committee disbursed

$107,025

universities for

1974

tests.

1973

$ 45,524

45,524

23,162

114,210

88,639

7,771

516

322

123

50

38

5

97,464

16,746

105,026

$121,772