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Accountants' report and financial statements

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GROWER-GW JOINT RESEARCH COMMITTEE, INC.

ACCOUNTANTS' REPORT and

FINANCIAL STATEMENTS November 30, 1971

ANDERSON, HUNTER, THOMTE 0: KURTZ CERTIFIED PUBLIC ACCOUNTANTS

GREELEY, COLORADO BOULDER, COLORADO

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GROWER-GW JOINT RESEARCH COMMITTEE, INC.

ACCOUNTANTS' REPORT

and

FINANCIAL STATEMENTS

(3)

ANDERSON, HUNTER,THOMTE

a

KURTZ

CERTIFIED PUBLIC ACCOUNTANTS

To the Directors and Members of

Grower-GW Joint Re search Committee, Inc.

We have examined the balance sheet of the Grower-GW Joint Re search Committee, Inc. as of November 30, 1971 and the related statement of income and members' equity for the period from January 14, 1971 to November 3 0, 1971. Our examination was made in accordance with generally accepted auditing

standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.

In our opinion the financial statements referred to above present fairly the financial position of the Growers-GW Joint Research Committee, Inc. at November 3 0, 1971, and the results of its operations for the period then ended.

January 11, 1972 Greeley, Colorado

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GROWER-GW JOINT RESEARCH COMMITTEE, INC. Cash Members' equity Balance Sheet November 30 1971 ASSETS MEMBERS I EQUITY

Statement of Income and Members' Equity

For the Period From January 14, 1971 to November 30, 1971 INCOME Asse ssments--Growers Assessments--Great Western Total income EXPENSES Office expense Bond

Travel and meetings Legal and accounting Taxes and licenses Soil testing Total expenses NET INCOME MEMBERS I EQUITY Beginning of period End of period $3,165.20 $3,165.20 $2,246.94 2,246.94 4,493.88 38.09 41.00 508.50 437.09 10.00 294.00 1,328.68 3,165.20 $3,165.20

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