Folsom Lake Mutual Water Company 2003 Fiscal Statement (Unaudited)

Income and Expenses for the Period October 1, 2003 to September 30, 2004

Income
Member Fees $69,371.18
Refund of Franchise Taxes $3,200.00
Interest on FTB Refund $396.21
Interest $6.25

Total Income $72,973.64

Expenses
Water $63,610.88
Water Master $4,200.00
Accountant $2,400.00
Franchise Tax Board
Postage and Supplies $561.29
Repair and Maintenance $50.00
Bank Charges $185.00
Secretary of State $10.00

Total Expenses $71,017.17

Net Profit (Loss) $1,956.47