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<br />I <br />I <br />I <br />I <br />I <br />,I <br />I I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />THE LAKE HENRY RESERVOIR COMPANY <br /> <br />STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS <br /> <br />YEARS ENDED DECEMBER 31,1999 AND 1998 <br /> <br />1999 <br /> <br />1998 <br /> <br />REVENUE <br />Assessments <br />Interest <br />Recreational lease <br /> <br />72 ,434 $ <br />858 <br />4,950 <br /> <br />38,358 <br />342 <br />4,950 <br /> <br />$ <br /> <br />TOTAL REVENUE <br /> <br />78,242 <br /> <br />43,650 <br /> <br />OPERATING EXPENSES <br />Reservoir maintenance <br />Contracted services <br />Maintenance, repairs and inspection <br /> <br /> 27,803 38,252 <br /> 680 3,855 <br /> 28,483 42,107 <br /> 1,660 1,602 <br /> 5,460 4,172 <br /> 316 324 <br /> 147 152 <br /> 7,583 6,250 <br /> 8,136 8,136 <br /> 44,202 56,493 <br /> 34,040 (12,843) <br /> 100,291 113,134 <br />$ 134,331 $ 100,291 <br /> <br />General and administration <br />Professional fees <br />Insurance <br />Directors fees and expense <br />Other <br /> <br />Depreciation <br /> <br />TOTAL OPERATING EXPENSES <br /> <br />REVENUE OVER (UNDER) EXPENSES <br />RETAINED EARNINGS BEGINNING <br />RETAINED EARNINGS ENDING <br /> <br />See Notes To Financial Statements <br /> <br />Page 3 <br />