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<br /> <br />2 <br /> <br />ANNUAL REPORT TO THE GOVERNORS <br /> <br />The Commission reviewed the cost of operation and found that the expenses of the administration <br />of the Rio Grande Compact were $168,068 in the fiscal year ending June 30, 2004. The United <br />States bore $54,111 of this total; the balance of $113,957 was borne equally by the three States <br />party to the Compact <br /> <br />Respectfully, <br /> <br /> <br />< / ?J~C;/ <br /> <br />'0 R. D' Antonio Jr., Commissioner for Ne~exico <br />