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Years Ended 1991 & 1990 Financial Statements
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Years Ended 1991 & 1990 Financial Statements
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1• <br />~ LOWER RUM RIVER WATER MANACEMENT ORGANIZATION <br />STATEMENTS OF REVENUES, EXPENDITURES AND FUND BALANCE <br />YEARS ENDED JANUARY 31, 1991 AND 1990 <br />~ <br />1991 1990 <br />Revenues: <br />Contributions from participating cities $ 6,500 $ 6,500 <br />Interest income 653 869 <br />~ <br />Total revenues 7,153 7,369 <br />Expenditures• <br />Engineering fees 11,333 4,958 <br />~ Legal and professional fees 2,547 3,070 <br />Secretarial services and supplies 1,680 930 <br />Total expenditures 15,560 8,958 <br />Deficiency of expenditures over revenues (8,407) (1,589) <br />~ <br />Fund balance, beginning of year 16,446 18,035 <br />Fund balance, end of year $ 8,039 $16,446 <br />~ <br />~ <br />~ <br />~ <br />See accompanying notes. <br />-3- <br />
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