Public Utilities Commission. Lakes Region Water Co., Inc. State of New Hampshire. Concord. A and B. Classes. Water Utilities - ANNUAL REPORT OF.

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1 State of New Hampshire Public Utilities Commission Concord Water Utilities - Classes A and B ANNUAL REPORT OF Lakes Region Water Co., Inc. (Exact Legal Name of Respondent) (If name was changed during the year, show previous name and date of change) n/a FOR THE YEAR ENDED DECEMBER 31,21 Officer or other person to whom correspondence should be addressed regarding this report: Name: Title: Address: Telephone #: Thomas A. Mason President P.O. Box 389, Moultonboro, N. H. 324 (63)

2 Annual Reportof LAI4éS i CW4. 4T Q npa 49 Year Ended December31, TABLE OP CONTENTS CLASS A or B UTILITY Schedule No. ml. of Schedule A General Corporate Information Schedules A-i General Instructions..._._..._..._..._... A-2 Identity of Respondent..._ _ Oath..._ A-4 List of Officers and.....* A-S Shareholders and Voting Powers.._._... A-6 List of Towns Served _.._ A-i Payments to lndnnduals 6 A-B Management Fees and Expenses 8 A-9 Affiliation of Officers and Directors g A-b Businesses Which Are a Byproduct, Coproduct or Joint Product as a Result of Providing Water Service.- - A-if Business Transactions with Related Parties._......_._._ A-12 Important Changes During the Year F Financial Schedules F-i Balance Sheet.._..._..._ _..._....._ 1 _._ 16 F-2 Statement of lncome... - F-3 F-4 Statement of Retained Earnings Analysis of Retained Earnings (Accounts ) _. 2 F- Statement of Changes in Financial Position _.._... _... F-6 Utility Plant (Accounts 11-16) and Accumulated Depreciation and Amortization (Accounts 18-11) F-7 Utility Plant Acquisition Adjustments (Accounts ) _... _ 24 F-B Utility Plant in Service (Accounts , toe)....._._... 2 F-9 Miscellaneous Plant Data (Accounts 12, , ) F-iD Construction Work in Progress and Completed Construction Not Classified (Account 1-16)_ 29 F-Il Accumulated Depreciation of Utility Plant in Service (Account 18.1)..._. F-12 Armual Depreciation Charge F-13 Accumulated Amortization of Utility Plant in Service (Account 11.1) F-14 Nonutility Property (Account 121)... F-1 Accumulated Depreciation and Amortization of Nonutility Property (Account 122) _..._..._ Investments (Accounts , 12, 13) F-lB 36 F-17 Special Funds (Accounts ) _ _ F-lB Special Deposits (Accounts ) F-i 9 Notes and Accounts Receivable (Accounts 141, 142, 143, 144) 37..._ F-2 Accumulated Provision for Uncollectible Accounts-CR (Account 143) 37..._._._..._ _..._._ 19 F-21. Receivables from. Associated Companies (Accounts ).. _... F-22 Materials and Supplies (Accounts 11-13)... F _._._...._....._ _ 38.._ Prepayments - Other (Accounts 162) _. _ F-24 Other Current and Accrued Assets (Accounts )... - _.._..._._ 4 F-2 Unamortized Debt Discount, Premium and Expense (Accounts ) 41 F-26 Extraordinary Property Losses (Account 182) F-27 Preliminary Survey and Investigation Charges (Account 183) F-28 MiscellaneOUs Deferred Debits (Account 186)._ _ F-29 Research and Development Activities (Account 187) F-3D Accumulated Deferred Income Taxes (Account 19)

3 ..._ TABLE OP CONTENTS CLASS A or B UTILITY Schedule No. Thie of Schdule Page F-31 Capital Stock and Premium on Capital Stock (Accounts 21, 24 and 27) F-32 Capital Stock Subscribed, Capital Stock Liability for Conversion and Installments Received on Capital Stock (Accounts 22, 2, 23, 26, 28) 48 F-33 Other Paid-in Capital (Accounts )..._..._... _ 49 F-34 Discount on Capital Stock and Capital Stock Expense (Accounts 212 and 213) F-3 Long Term Debt (Accounts 221, 222, 223 and 224) P.36 Notes Payable (Account 232)..._.._..._ _ 2 F-37 Payables to Associated Companies (Accounts 233 and 234)..._ 3 P.38 Accrued and Prepaid Taxes (Accounts 236 and 163) -- _. 4 P.39 Other Current arid Accrued Liabilities (Accounts ). F-4 Customer Advances for Construction (Account 22)._..._..._ 6 P41 Other Deferred Credits (Account 23)... 6 P42 Accumulated Defened Investment Tax Credit (Account 2).._... 7 P43 Investment Tax Credits Generated and Utilized._..._ 8 F-44 Operating Reserves (Accounts 261, , 26).... _..._ 6 P4 Accumulated Deferred Income Taxes (Accounts 281, 282, 283) _..._._ 62 P46 Contributions in Aid of Construction (Account 271).... -_ 64 F-46.1 Accumulated Amortization of CJ.A.C. (Account 272) - 64 F-46.2 Additions to C.LA.C. from Main Extensions and Customer Connection Charges_._ 6 P-46.3 Additions to C.I.A.C. from All Developers or Contractors Agreements._._..._ 66 P46.4 Amortization of Contributions In Aid of Construction (Account 4) P47 Operating Revenues (Accounts 4) _ _.._. 6 P48 Operation and Maintenance Expense (Account 41 7 P49 Amortization at Utility Plant Acquisition MlUstrnent (Account 46) and Amortization Expense - Other (Account 47)_ F- Taxes Charged During Year (Accounts 48 and 49) 7 P.1 Income from Utility Plant Leased to Others (Account 413) 78 F-2 Gains or Losses on Disposition of Property (Account 414) _.. 77 F-3 Income from Merchandising. Jobbing, and Contract Work (Accounts 41 and 416) _ 78 F-4 Other lncomo and Deduction Accounts Analysis (Accounts 419, 421 and 426)......_ 79 F- Extraordinary Items (Accounts 433 and 434)..._..._..._... 8 F-6 Reconciliation of Reported Net Income with Taxable Income for Federal Income Taxes..._ 81 P.7 Donations and 82 F-8 Distribution of Salaries and Wages..._.._._..._ S Statistical Schedules S-i Revenues by Rates.._ S-2 Water Produced and Purchased..._... _..._..._ S4 Water Treatment Facilities 86..._ S- Wells 86 _ _ Pumps Stations... S-3 S-6 Surface Supplies, Springs, Other Sources..._ 8 S-7 Tanks, Standpipes, Reservoirs _... _..._ 88 S-B Active Services, Meters and Hydrants During Year -..._.._ S-9 Number and Type of Customers s-io Transmission and Distribution Mains _._

4 A-i GENERAL INSTRUCTIONS 1. This form of Annual Report is for the use of water companies operating in the State of New Hamp shire. 2. This Annual Report Form shall be filed with the New Hampshire Public Utilities Commission, 8 Old Suncook Road, Concord, New Hampshire , on or before March 31 of each year; in accor dance with the requirements of New Hampshire RSA 374:13 Form of Accounts and Records. 3. The word BRespondent whenever used in this report, means the person, firm, association or corpo ration in whose behalf the report is filed. 4. The report should be typed or a computer fascimill report will be accepted if submitted on standard size (8 112 X 11) paper. All dollar amounts should be reported to the nearest whole dollar. All entries should be legible and in permanent form.. Unless otherwise indicated, the information required in the Annual Report shall be taken from the accounts and other records prescribed in PART Puc 61 and the definitions and instructions con tained therein shall also apply to this report whenever applicable. 6. Instructions should be carefully observed and each question should be answered fully and accurately whether or not it has been answered in a previousannual Report. If the word No or Nones truly and completely states the fact, it should be used to answer any particular inquiry or any portion thereof. If any schedule or inquiry is inapplicable to the respondent, the words SNot ApplicablV or Wa should be used to answer. 7. Entries of a contrary or opposite character (such as decreases reported in a column providing for both increases and decreases) should be enclosed In parentheses. 8. Wherever schedutes call for comparisons of figures of a previous year; the figures reported must be based upon those shown by the Annual Report of the previous year, or an appropriate narrative explanation given and submitted as an attachment to the Annual Report 9. Attachments and additional schedules inserted for the purpose of further explanation of accounts or schedules should be made on durable paper conforming to this form in size and width of margin. The inserts should be securely bound in the report. Inserts should bear the name of the Respondent, the applicable year of the report 1 the schedule numbers and titles of the schedules to which they pertain. 1. All accounting terms and phrases used in this Annual Report are to be interpreted in accordance with PART Puc 61 Uniform System of Accounts for Water Utilities prescribed by this commission. 11. If the Respondent makes a report for a period less than a calendar year, the beginning and the end of the period covered must be clearly stated on the front cover and throughout the report where the year or period is required to be stated. 12. Whenever schedules request Current Year End Balance and Previous Year End Balance, the figures reported are based on fiscal year end general ledger account balances. 13. Increases over 1% from preceeding year are to be explained in a letter. 1

5 A-2 IDENTITY OF RESPONDENT Give the exact name under which the utility does business: Lakes Region Water Co., Inc. Full name of any other utility acquired during the year and date of acquisition: None Location of principal office: Route 19, Moultonboro, N. H. 324 State whether the utility is a corporation, joint stock association, trust or partnership, or an individual: Corporation If a corporation or association, give date of incorporation, State under whose laws incorporated, and whether incorporated under special act or general law: January 28, 197- N. H. If incorporated under special act, given chapter and session date: N/A Give date when company was originally organized and date of any reorganization: January 28, 197 Name and addresses of principal office of any corporations, trusts or association owning, controlling or operating respondent: N/A Name and addresses of principal office of any corporation, trusts or association owned, controlled or operated by the respondent N/A Date when respondent first began to operate as a utility*: January 28, 197 If the respondent is engaged in any business not related to utility operation, give particulars: N/A If the status of the respondent has changed during the year in respect to any of the statements made above, give particulars: N/A If the utility is a foreign corporation which operated in New Hampshire prior to June 1, 1911, give date on which permission was granted to operate under N. H. RSA 374:2, Exceptions and N. H. RSA 374:26 Permission. N/A *ff engaged in operations of utilities of more than one type, give dates for each. -2-

6 WIPIJC WiiR3l ICi FM O2 A-3 OATH ANNUAL REPORT of Lakes Region Water Co., Inc. TO THE STATE OF NEW HAMPSHIRE PUBLIC UTILITIES COMMISSION For the year ended December 31, 21 State of New Hampshire. County of Carroll ss. NH I, the undersigned, Thomas Albert Mason of the Lakes Region Water Co., Inc. on our oath do severally say that the foregoing report has been prepared, under my direction, from the original books, papers and records of said utility, that we have carefully examined the same, and declare the same to be a complete and correct statement of the business and affairs of said utility, in respect to each and every matter and thing therein set forth to the best of our knowledge, information and belief; and that the accounts and figures contained in the foregoing report embrace all of the financial operations of said utility during the period for which said report is made. President Subscribed and sworn to before me this dayof / LEAH YALLADARES Notary Public y mrnjgjp expires May 1,

7 A-3 OATH ANNUAL REPORT of Lakes Region Water Co., Inc. TO THE STATE OF NEW HAMPSHIRE PUBLIC UTILITIES COMMISSION For the year ended December 31, 21 State of New Hampshire. County of Carroll ss. NH I, the undersigned, Thomas Albert Mason of the Lakes Region Water Co., Inc. on our oath do severally say that the foregoing report has been prepared, under my direction, from the original books, papers and records of said utility, that we have carefully examined the same, and declare the same to be a complete and correct statement of the business and affairs of said utility, in respect to each and every matter and thing therein set forth to the best of our knowledge, information and belief; and that the accounts and figures contained in the foregoing report embrace all of the financial operations of said utility during the period for which said report is made. President Subscribed and sworn to before me this day of LEAH YALLADARES Notary Public My ommjspn expires May 1,

8 Annual Report of Lakes Region Water Co., Inc. Year Ended December Amended No. Officer Name Residence Compensation* 1Ji Title of LIST OF DIRECTORS No. of Line Meetings Annual No. Name Residence Length of Term Term Expires Attended Fees 11 Thomas Albert Mason Moultonboro, NH Indefinite Indefinite 2 $ List Directors Fee per meeting Includes compensation received from all sources except directors fees. * Barbara G. Mason Moultonboro, NH Indefinite Indefinite 2 $ - 13 Susan Mason Dayton, Md. Indefinite Indefinite 2 $ - 14 Amy Mason Moultonboro, N. H. Indefinite Indefinite 2 $ - 1 Fred Malatesta Moultonboro, N. H. Indefinite Indefinite 2 $ - 16 Gary Odoraroi Sterling, Ma Indefinite Indefinite 2 $ President Thomas Albert Mason Moultonboro, N. H. $ 66,66 2 Treasurer Barbara G. Mason Moultonboro, N. H. $ - 3 Secretary Susan Mason Dayton, Md. $ - 4 Assistant Treasurer Amy Mason Moultonboro, N. H. $ - A-4 LIST OF OFFICERS

9 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 Line A- SHAREHOLDER AND VOTING POWERS No. 1 Indicate total of voting power of security holders at close of year: 21 Votes: 2 2 Indicate total number of shareholders of record at dose of year according to classes of - stock: 1 Common 3 4 Indicate the total number of votes cast at the latest general meeting: 2 6 Give date and place of such meeting: The shareholders met on 1911 at Sunrise Drive, Moultonboro, N. H. 7 Give the following information concerning the ten security holders having the highest voting powers in the corporation, the officers, directors and each holder of one percent or more of the voting stock: (Section 7, Chapter 182, Laws of 1933) No. of Number of Shares Owned Name Address Votes Common Preferred 9 Barbara. Mason Moultonboro, N. H

10 Annual Report of Lakes Region Water Co., Inc. Year Ended December31, 21 A-6 LIST OF TOWNS SERVED List by operating divisions the towns served directly, indicating those in which franchise is for limited area by an asterisk (*) after name. Give population of the area and the number of customers. Cie Population Numberof tine Population Numberof No. Town of Area Customers No. Town of Area Customers I Moultonboro 4, Laconia* 16, Tuftonboro 2, Thorton 2, Campton 3, Conway 1, Freedom 1, Gilford 7, Tamworth 2, Ossipee* 4, Sub Totals Forward: 4,447 1,672 1 SubTotals Forward: 4,447 1,672 3 Total 4,447 1,672 A-7 PAYMENTS TO INDMDUALS List names of all individuals, partnerships, or corporations to whom payments totaling $1, or more for services rendered were made or accrued during the year, and the amount paid or accrued to each. Where payments or accruals to the individual members of a partnership or firm together total $1, or more, list each individual and the amount paid or due each. Line No. Name Address Amount 1 American Express Newark, N.J. $ 19,879 2 Anthem Newark, N. J. 3,461 3 Blue Ridge Landscaping Melvin Village, n. H. 11,481 4 East Coast Foundation Mountonboro, N. H. 7, Eastern Analytical Concord, N. H. 17,14 6 Exxon Mobil Phoenix, Az 13,72 7 Harvard Pilgrim Health Boston. Ma. 2,88 8 IPFS New York, N.Y. 24,124 9 Leone, McDonnell and Roberts Wolfboro, N. H. 11,189 1 Lewis Engineering Litchfield, N. H. 13,92 11 Lakes Region Water Service Moultonboro, N. H. 44,88 12 Michael J. Quinn Builder Wolfboro, N. H. 28,72 13 NHEC Manchester, N. H. 28, Nextra Louisville. Ky. 16,29 1 Norman Roberge Concord. N. H. 43,31 16 NDS Falmouth, Me. 17,48 17 PSNH Dallas, Tx. 3, RE Prescott Exeter, N. H. 29,38 19 Skelleys Market Moultonboro, N. H. 19,99 2 Stephen P. St. Cyr & Associates Biddeford, Me. 27,48 21 Tim Christian Electric Wolfboro, N. H. 13, Upton & Hatfield Portsmouth, N. H. 23, Verizon Albany, N.Y. 18, Water Industries Alton, N.H. 31, Total $ 96,17

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12 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 A-8 MANAGEMENT FEES AND EXPENSES List all individuals, associations, corporations or concerns with whom the company has any contract or agreement covering management or supervision of its affairs such as accounting, financing, engineering, construction, purchasing operation, etc., and show the total amojnt paid to each for the year. Designate by asterisk () those organiza tions which are Affiliates as defined in Chaper 182, Section 1, Laws of Amount Paid Distribution of Accruals or Payments or Accrued Date of Date of Character of for each To Fixed To Operating To Other Line Name Contract Expiration Services Class Capital Expense Accounts (b) (c) (d) (e) (1) (g) (II) (i) Have copies of all contracts or agreements been filed with the commission? yes Detail of Distributed Charges to Operating Expenses (Column h) No. Contract(Agreement Name Account No. Account Title Amount Line 12 Norman Roberge 923 Outside Services $ 32, Total 32, Norman Roberge Accounting 43,31 32,67 1, Totals ,67 $ 1,64

13 Annual Report of Lakes Region Water Co., IflC. Year Ended December 31, 21 A-9 AFFILIATION OF OFFICERS AND DIRECTORS For each of the officials listed on Schedule A-3 Oath, list the principle occupation or business affiliation if other than listed on Schedule A-a Oath, and all affiliations or connections with any other business or financial organizations, firms, or partnerships. For purposes of financial organizations, firms or partnerships in which he/she is an officer, director, trustee, partner, or a person exercising similar functions. c Principal Activity Name and Address of No. Name or Business Affiliation Affiliation or Connection Affiliation or Connection Thomas Albert Mason Contractor, LRW Water Services, Inc. Related Party POBox 39, Moultonboro, N.H. 324

14 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 A-1O BUSINESSES WHICH ARE A BYPRODUCT, COPRODUCT OR JOINT PRODUCT AS A RESULT OF PROVIDING WATER SERVICE Complete the following for any business which is conducted as a byproduct coproduct or joint product as a result of providing water SERVICE. This would include any business which requires the use of utility land and facilities. This would not include any business for which the assets are properly included in Account 121-Nonutility Property along with the associated revenues and expenses segregated out as nonutility also. Assets Revenues Expenses Line Book Cost of Account Revenues Account Expenses Account No. Business or Service Conducted Assets Number Generated Number Incurred Number 1 NIA B

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16 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 A-Il BUSINESS TRANSACTIONS WITH RELATED PARTIES List each contract, agreement, or other business transaction exceeding a cumulative amount of $ in any one year, entered into between the Respondent and a business or financial organization, firm, or partnership named on Schedule A-3, Oath, identifying the parties, amounts, dates and product, asset or service involved. PART 1-SERVICES AND PRODUCTS RECEIVED OR PROVIDED List all transactions involving services and products received or provided. This would include management, legal and accounting services; computer services; engineering & construction services; repairing and servicing of equipment; material and supplies furnished; leasing of structures, land and equipment; all rental transactions; sale, purchase or transfer of various products. Line Description of Service Contract or Agreement (P) urchased or No. Name of Company or Related Party andior Name of Product Effective Dates (S) old Amount 2 LRW Water Services, Inc. Labor! Materials 21 P 44, LRWWaterServices, Inc. Labor! Materials 21 S 19,387 4 Annual Charges

17 A-Il BUSINESS TRANSACTIONS WITH RELATED PARTIES PART II- SALE, PURCHASE AND TRANSFER OF ASSETS List all transactions relating to the purchase, sale or transfer of assets. Examples of transaction types include: (1) purchase, sale or transfer of equipment, (2) purchase, sale or transfer of land and structures, (3) purchase, sale or transfer of securities, (4) noncash transfers of assets, () noncash dividends other than stock dividends, (6) write off of bad debts or loans. Columnar instructions are as follows: (a) Enter name of related party or company. (b) Describe the type of assets purchased, sold or transferred. (c) Enter the total received or paid. Indicate purchase with P and sale with S. (d) Enter the net book cost for each item reported. (e) Enter the net profit or loss for each item (column (c) - column (d)). (f) Enter the fair market value for each item reported. In space below or in a supplemental schedule, describe the basis used to calculate fair market value. Oe Name of Company or Related Party Description of items Sale or Purchase Price Net Book Value Gain or Loss Fair Market Value No. (a) (b) (c) (d) (e) (f) 1 None Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21

18 Annual Report ot Lakes Region water co., Inc. Year Ended December 31, 21 A-12 IMPORTANT CHANGES DURING THE YEAR Give concise answers to each of the following, numbering them in accordance with the inquiries. Each inquiry should be answered. If none or not applicable state that fact as a response. If information which answers an inquiry is given elsewhere in the report, reference to the schedule in which it appears will be sufficient 1. Changes in and important additions to franchise rights: Describe the actual consideration given therefore and state from whom the franchise rights were acquired, If acquired without the payment of consideration, state that fact. NONE 2. Acquisition of ownership in other companies: reorganization, merger, or consolidation with other companies: give names of companies involved, particulars concerning the transactions, and refer ence to Commission authorization. NONE 3. Brief description of source of supply, pumping, treatment, and transmission and distribution plant under construction at end of year. The Company continues source evaluations at Far Echo and Paradise Shores. 4. Brief description of source of supply, pumping, treatment, and transmission and distribution plant, operation of which was begun during the year. The Company added $22,6 of total utility plant in service. Of that, the Company made improvements of $2,982 in Indian Mound including replacing pumps, meters, mains, structures and improvements. The Company also upgraded its computer programs and equipment totalling $42,21. These expenditures were all non-revenue producing. The remining $9,467 was used for vanous improvements at multiple divisions. See A-12 supporting schedules. Also please note that such additions and retirements are incorporated into schedules F-8, F-li & F-12.. Extensions of system (mains and service) to new franchise areas under construction at end of year. NONE 6. Extensions of the system (mains and service) put into operation during the year. NONE 7. Completed plant purchased, leased, sold or dismantled: Specifying items, parties, and dates, and also reference to NHPUC docket number under which authority was given to acquire, lease, or sell. For purchase and sale of completed plants, specify the date on which deed was executed. NONE. 8. Statement of important units of plant and equipment installed or permanently withdrawn from ser vice during the year, not covered by inquiries 3 to 7 preceding. NONE. 9. Changes in articles of incorporation or amendments to charter Explain the nature and purpose of such changes or amendments. NONE 1. State briefly the status of any materially important legal proceedings pending at the end of the year, and the results of any such proceedings culminated during the year. The Company settled the civil suit concerning Tamworth Water Works water quality. 11. Obligation incurred or assumed by respondent as guarantor for the performance by another of any agreement or obligation, excluding ordinary commercial paper maturing on demand or not later than one year after date of issue: State on behalf of whom the obligation was assumed and amount of the obligation. Give reference to Commission authorization if any was required. NONE 12. Estimated increase or decrease in annual revenues due to important rate changes: State effective date and approximate amount of increase or decrease for each revenue classification and the num ber of customers affected. On January 29, 216 the PLIC issued order #2,862 approving temporary rates. The temporary rates will give the Company the opportunity to earn an additional, $13,694 or 9.94% above test year water revenues. The temporary rates will be effective for service rendered on or after September14, State the annual effect of each important change in wage scales. Include also the effective date and the portion applicable to operations. No significant changes in wages. 14. All other important financial changes, including the dates purposes of all investment advances made during the year to or from an associated company. NONE. 1. Describe briefly any materially important transaction of the respondent not disclosed elsewhere in this report in which an officer, director, security holder, voting trustee, associated company or known associate of any of these persons was a party or in which any person had a material interest. NONE -14-

19 Annual Report of Lakes RegIon Water Co., Inc. Utility Plant in Service: I Far Echo Harbor Meters Paradise Shores Meters West Point Pump Meters Waterville Valley Gateway Meters Hidden Valley Meters Wentworth Cove Meters Pendefton Cove Meters 334,4 8 Deer Run Year ended Deceniber3l, 216 Additions 21 NHDS Description Requiq. Div# Name House meter replacement DES Water Conservation Req. See a g Env-Wq 21. $ 3 Replace ouse and 2 mag me DES Water Conservation Req See. e.g Env-Wq 21 DES Water Conservation Req. See. e.g. Env-Wq 21. House meter Meters Woodland Grove DES Water Conservation Req. See e.g. Env-Wq 21. house meters DES Water Conservation Req. See. e.g. Env-Wq 21. house meters Meters Echo Lake Woods $ 176 Replacement of well pump DES Distribution Main Req. See e g Env-Ws $ 1,941 House meter replacement $ 31 DES Water Conservation Req. See. e.g. Env-Wq 2t House meter replacement DES Water Conservation Req See, e.g. Env-Wq 21. $ 178 House meter DES Water Conservation Req. See. e.g. Env.Wq 21. $ 6 $ 11 1 $ 17 $ 2292 $ 172 $ 172 $ $ 172 No Additions nla $ 11 Brake Hill 3344 $ 11 Meters 12 Tamworth Water Works $ No Additions nla $ Estates $ $ 11 No Additions nla DES Water Conservation Req See. e.g. Env-Wq 21. house meters DES Water Conservation Req. See. e g. Env-Wq 21. House meter Non- Revenue Revenue Total Acct # Producing Producing Division $ 3 $ 176 $ 178 $ 6 $ 11 $ 17 $ 172

20 $ $ Misc. Equpit $ 3,6 DES Water Conservation Req. See. e.g. Env-Wq 21. Telemetry $ 2,982 $ $ 42,21 Total Plant Placed in Service $ 22,6 $ - $ 22,6 Tank 33.4 $ 1,81 DES Distribution Main Req. See a g. Env-Ws Meter ,17 DES Distnbutlon MalnReq See e.g. Env-Ws Pumphouse meters Treatment 339,3 7,284 DES Distribution Main Req. See e.g. Env-Ws Treatment Div # Name Acct # Productng Producing Division Requiq. Description S - Annual Report of Lakes Region Water Co., Inc. Year ended December 31, 216 Utility Plant in Service: Additions 21 Non- Revenue Revenue Total NHDES 14 Deer Cove No Additions n/a S 1 Lake Ossipee Village No Additions nla $ - Structures ,1 DES Distribution Main Req See e.g. Env-Ws Peplaced Mains 16 Indian Mound Pump $ 13,61 DES Distribution Main Req. See e g. EnvWs Replacement of well pump 17 Gunstock Glen No Additions n/a $ - Equipment $ 6,44 Trench box Administrative Computer Equip 347. $ 36,17 Software and computer equi

21 - JL Annual Reøort of Lakes Reqion Water Co., Inc. Year Ended December 31, 21 F-I BALANCE SHEET Assets and Other Debits Utility Plant (11-16) UTILITY PLANT Less: Accumulated Depr. and Amort. (18-11) Net Plant Utility Plant Acquisition Adj. (Net) (114-11) Total Net Utility Plant OTHER PROPERTY AND INVESTMENTS Nonutihty Property (121) Less: Accumulated Depr. and Aniort. (122) Net Nonutility Property Investment in Associated Companies (123) Utility Investments (124) Other Investments Special Funds( ) Total Other Property & Investments Cash (131) Special Deposits (132) CURRENT AND ACCRUED ASSETS Other Special Deposits (133) Working Funds (134) Temporary Cash Investments (13) Accounts and Notes Receivable-Net ( ) Accounts Receivable from Assoc. Co. (14) Notes Receivable from Assoc. Co. (146) Materials and Supplies (11-13) Stores Expense (161) Prepayments-Other (162) Prepaid Taxes (163) Interest and DMdends Receivable (171) Rents Receivable (172) Accrued Utility Revenues (173) Misc. Current and Accrued Assets (174) Total Current and Accrued Assets DEFERRED DEBITS Unamortized Debt Discount & Expense (181) Extraordinary Property Losses (182) Prelim. Survey & Investigation Charges (183) Clearing Accounts (184) Temporary Facilities (18) Miscellaneous Deferred Debits (186) Research & Development Expenditures (187) Accumulated Deferred Income Taxes (19) Total Deferred Debits TOTAL ASSETS AND OTHER DEBITS Current Previous Increase Ref Year End Year End or Line Account Title (Number) Sch. Balance Balance (Decrease) No. (a) Ii (c) (d) (e) F-6 F-6 F-7 F-14 F-i F-i 6 F-i 6 F-16 F-i 7 F-I 8 F-I 8 F-i 6 F-i 9 F-21 F-21 F-22 F-23 F-38 F-24 F-24 F-24 F-24 F-2 F-26 F-27 F-28 F-29 F-3 338,898 $,136,724 $ 22,174 $ 1,734,97 $ 1,82,18 12,939 3,63,941 $ 3,4,76 $ 49,23 (76,261) (81,969),78 3,27,68 $ 3,472,737 $ 4,943 1,49 1,49 $ 1,49 $ ,98 io,i2 27, ,4 137,762 (2,722) 19,673 26,11 (6,437) 7,3 4,717 2,633 2,328 37,24 (11917) 13,3 11, ,924 $ 227,713 $ (11,789) 24,976 11, ,26,371 66,6 $ 147,2 $ 66,632 $ 6,37,I,UO4 $ 124,T3-16-

22 Annual Report of Lakes RegIon Water Co., Inc. Year Ended December 31, 21 F-I BALANCE SHEET Equity Capital and Liabilities Common Stock Issued (21) Preferred Stock Issued (24) EQUITY CAPITAL Capital Stock Subscribed (22,2) Stock Liability for Conversion (23, 26) Premium on Capital Stock (27) Installments Received On Capital Stock (28) Other Paid-In Capital (29,211) Discount on Capital Stock (212) Capital Stock Expense(213) Retained Earnings (214-21) Reacquired Capital Stock (216) Total Equity Capital Bonds (221) LONG TERM DEBT Reacquired Bonds (222) Advances from Associated Companies (223) Other Long-Temi Debt (224) Total Long-Term Debt CURRENT AND ACCRUED LIABILITIES Accounts Payable (231) Notes Payable (232) Accounts Payable to Associated Co. (233) Notes Payable to Associated Co. (234) Customer Deposits (23) Accrued Taxes (236) Accrued Interest (237) Accrued Dividends (238) Matured Long-Term Debt (239) Matured Interest (24) Misc. Current and Accrued Liabilities (241) Total Current and Accrued Liabilities DEFERRED CREDITS Unamortized Premium on Debt (21) Advances for Construction (22) Other Deferred Credits (23) Accumulated Deferred Investment Tax Credits (2) Accumulated Deferred Income Taxes: Accelerated Amortization (281) Liberalized Depreciation (282) Other (283) Total Deferred Credits OPERATING RESERVES Property Insurance Reserve (261) Injuries and Damages Reserve (262) Pensions and Benefits Reserves (263) Miscellaneous Operating Reserves (26) Total Operating Reserves CONTRIBUTIONS IN AID OF CONSTRUCTION Contributions In Aid of Construction (271) Accumulated Amortization of C.I.A.C. (272) Total Net C.I.A.C. TOTAL EQUITY CAPITAL AND LIABILITIES F-3 F-3 F-3 F-3 F-36 F-37 F-37 F-38 F-39 F-39 F-39 F-2 F-4 F-41 F-42 F-4 F-4 F-4 F-44 F-44 F-44 F-44 F-46 F-46 Current Year Previous Year Increase or Line Account Title (Number) Sch. End Balance End Balance Decrease No. (a) (c) (d) (e) F-31 F-31 F-32 F-32 F-31 F-32 F-33 F-34 F-34 F-3 F-31 $ 1, $ 1, $ 1,217,81 1,227,18 (9,37) (,19) (7,36) 1,841 7,123 61,827 94,296 $ 1,927,414 $ 1,84,647 $ 86,767 83,16 78,824 49,336 94,77 138,84 (44,97) $ 924,917 $ 919,678 $,239 24, ,3 7,77 1,96 1,96-1,48 (6,768) 17,23 3,37 3,371 (1) $ 22,134 $ 19,112 $ 2,22 214,663 19,7 24,93 $ 214,663 $ 19,7 $ 24,93 87,878 87, ,31 249,33 17,48 $ 64,27 $ 621,7 $ (17,48) $ 3,767,82 $ 124,73-17-

23 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 Class A or B Utility NOTES TO BALANCE SHEET (F-I) 1. The space below is proveded for important notes regarding the balance sheet and or any account thereof. 2. Furnish particulars as to any significant contigerit assets or liabilities existing at end of yearm including brief explanation of any action initiated by the internal Revenue Service involving possible assessment of additional Income taxes of material amount or of a claim for refund of income taxes of a material amount initiated by the utility. Give also a brief explanation of any dividends in arrears on a cumulative preferred stock. 3. Give a concise explanation of any retained earnings restriction and state the amount of retained earnings affected by such restriction. 4. If the notes to balance sheet relating to the respondent company appearing in the annual report to the stockholders are applicable in every respect and furnish the data required by Instructions 2 and 3 above, such notes may be attached hereto. NONE -18-

24 Annual Report of Lakes Region Water Co., Inc. Year Ended December F-2 STATEMENT OF INCOME U I ILl IT OPERATING fli,jmt Operating Revenues(4) Operating Expenses: Operating and Maintenance Expense (41) Depreciation Expense (43) Amortization of Contribution in Aid of Construction (4) Arriortization of Utility Plant Acquisition Adjustment (46) Amortization Expense-Other (47) Taxes Other Than Income ( ) Income Taxes (49.1,41.1,411.1,412.1) Total Operating Expenses Net Operating Income (Loss) Income From Utility Plant Leased to Others (413) Gains(Losses) From Disposition of Utility Property (414) Net Water Utility Operating Income OTHER INCOME AND DEDUCTIONS Revenues From Merchandising, Jobbing and Contract Work (41) Costs and Expenses of Merchandising, Jobbing and Contract Work (416) Equity in Eamings of Subsidiary Companies (418) Interest and Dividend Income (419) Jlow. for funds Used During Construction (42) Nonutility Income (421) Gains (Losses) Form Disposition Nonutility Property (422) Miscellaneous Nonutility Expenses (426) Total Other Income and Deductions TAXES APPLICABLE TO OTHER INCOME Taxes Other Than Income (48.2) Income Taxes (49.2, 41.2, , 412.3) Total Taxes Applicable To Other Income Interest Expense (427) INTEREST EXPENSE Amortization of Debt Discount & Expense (428) Amortization of Premium on Debt (429) Total Interest Expense Income Before Extraordinary Items Extraordinary Income (433) Extraordinary Deductions (434) EXTRAORDINARY ITEMS Income Taxes, Extraordinary Items (49.3) Net Extraordinary Items NET INCOME (LOSS) T Current Year Previous Year Increase or Line Account Title (Number) Sch. End Balance End Balance Decrease (a) JL (c) (d) (e) F-47 F-48 F-I 2 F-46.4 F-49 F-49 F- F-1 F-2 F-3 F-3 F-4 F-4 F-4 F- F-3 F-2 F-2 F- F- F- $ $ 1,316.1 $ ( ,896 (91,2) 178, ,383 13,964 (17.48) (17,129) 81 (,78) (,78) - 87,1 74, ,71 28,87 93 S 1,1,7 $ 1,22,82 $ (64,332) 131,396 9,928 3,468 3,79 (3O,79 131,396 $ 126,723 $ 4,673 4,196 4,196 (3,969) (2,216) (1, $ (2.216) $ 2,443 S 6,79 $,216 63,13 (8,297) 863 1,837 (974) 7,44 6,3 S (9,271) 9,17 16,387 f44 t 1b,JtI -19-

25 Annual Report of Lakes Region Water Co., Inc. Year Ended December31, 21 F-3 STATEMENT OF RETAINED EARNINGS Current Year Previous Year Increase or Line Account Title (Number) End Balance End Balance Decrease No. (a) (b) (C) (e) 1 Unappropriated Retained Earnings (Beg of Period) (21) $ 61,827 $ 1,67 $ 9,17 2 Balance Transferred from Income (43) 7,44 9,17 16,387 3 Appropriations of Retained Earnings (436) 4 Dividends Declared-Preferred Stock (437) Dividends Declared-Common Stock (438) 6 Adjustments to Retained Earnings (439) 18,72 18,72 7 Net Change to Unappropriated Retained Earnings $ 94,296 $ 9,17 $ 3,139 8 Unappropriated Retained Earnings (end of period) (21) $ 7,123 $ 61,827 $ 94,296 9 Appropriated Retained Earnings (214) 1 Total Retained Earnings (214,21) $ 7,123 $ 61,827 $ 94,2g6 F-4 ANALYSIS OF RETAINED EARNINGS (ACCOUNTS 214, 21) i]e Item Current Year Previous Year No. (a) End Balance End Balance UNAPPROPRIATED RETAINED EARNINGS (ACCOUNT 21) 1. Report in detail the items inciuded in the following accounts during the year: 436, Appropriations of Retained Earnings; 439, Adjustments to Retained Earnings. 2. Show separately the income tax effect of items shown in account 439, Adjustments to Retained Earnings. 1 The Company has adjusted its Retained Earnings for NHPUC Audit Adjustments that were Accepted by Company. 2 Audit Issue #12 Net Capitalized Expenses & related Depreciation 9,828 3 Audit Issue #18 - Remove pump to expense & related depreciation (3,828) 4 Audit Issue #2 - No Lead Rule (213 of adjustment deferred) 8,639 Audit Issue #26 - Reclassify from expense various deferred rate cas eexpenditures 3,912 6 Audit Issue #31 - Aditional Income from Contractual Services 2 7 Audit Issue #33 - Record 1 days payroll as Prepaid 1,47 8 Miscellaneous Adjustment (1.469) 9 Total Adjustments to Retained Earnings 18, APPROPRIATED RETAINED EARNINGS (Account 214) State Balance and purpose of each appropriated Retained Earnings amount at end of year and give accounting entries for any applications of Appropriated Retained Earnings during the year. 2 Balance-end of year -2-

26 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 NOTES TO STATEMENTS OF INCOME (F-2) AND RETAINED EARNINGS (F-3) 1. The space below is provided for important notes regarding the Statements of Income and Retained Earnings or any account thereof. 2. Give concise explanations concerning unsettled rate proceedings where a contingency exists that refunds of a material amount may need to be made to the utility customers or which may result in a material refund to the utility with respect to water purchases. State for each year affected the gross revenues or costs to which the contingency relates and the tax effects together with an explanation of the major factors which affect the rights of the utility to retain such revenues or recover amounts paid with respect to water purchases. 3. Give concise explanations concerning significant amounts of any refunds made or received during the year resulting from settlement of any rate proceeding affecting revenues received or costs incurred for water purchases. State the accounting treatment accorded such refunds and furnish the necessary particulars including income tax effects, so that corrections of prior Income and Retained Earnings Statements and Balance Sheets may be made if needed or furnish amended financial statements if that be deemed more appropriate by the utility. 4. Other important notes concerning the Statements of Income and Retained Earnings. It any such notes appearing in the report to stockholders are applicable they may be attached hereto.. If liberalized tax depreciation is being used in the determination of taxes payable and the resultant benefits are being flowed through the income statement, disclose in the following space the amount of the difference between taxes payable when using the liberalized depreciation method and taxes payable when using the straight-line depreciation method.$ 6. Give below a concise explanation of only those changes in accounting methods made during the year which had an effect on net income, including the basis of allocations and apportionments from those used in the preceding year. Also, give the approximate dollar effect of such changes. Not Applicable -21.

27 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F- STATEMENT OF CHANGES IN FINANCIAL POSITION Current Year Prior Year Line Sources of Funds No. (a) (b) (c) 1 Internal Sources: 2 Income Before Extraordinary Items $ 7,44 $ 9,17 3 Adjustment to Retained Earnings 4 Depreciation 178, ,383 Amortization (22,76) (22,837) 6 Deferred Income Taxes and Investment Tax Credits (Net) 24, Capitalized Allowance For Funds Used During Construction 8 Other (Net) (9,317) (23,47) 9 Total From Internal Sources Exclusive of Extraordinary Items $ 196,41 $ (1,991) 1 Extraordinary Items-Net of Income Taxes (A) 11 Total From Internal Sources $ 196,41 $ (1,991) 12 Less dividends-preferred 13 -common 14 Net From Internal Sources $ 196,41 $ (1,991) 1 EXTERNAL SOURCES: 16 Long-term debt (B) (C) 142, 921, Preferred Stock (C) 18 Common Stock (C) Paid in Capital (7,9) 273, Net Increase In Short Term Debt () 2 Other (Net) 21 CIAC 21, Total From External Sources $ 134,491 $ 1,216,9 23 Other Sources (E) 24 Net Decrease In Working Capital Excluding short-term Debt 64,64 2 Other 26 Total Financial Resources Provided $ $ 12,99 INSTRUCTIONS TO SCHEDULE F- 1. This statement is not restricted to those items which are noncurrent in nature. It is intended that this statement be flexible enough in nature so that latitude can be given, under the classification of Other, to allow for disclosure of all significant changes and transactions, whether they are within or without the current asset and liability groups. 2. If the notes to the funds statement in the respondenfs annual report to stockholders are applicable in every respect to this statement, such notes should be attached hereto. 3. Under Other specify significant amounts and group others. 4. enter the current year covered by this annual report in column (b), and the year prior to this report in column (c).. Codes: (A) Any difference between the amount shown for net extraordinary items for the current year in this statement and that shown on schedule F-2, line 3 of this report should be explained in detail below. (B) Bonds, debentures and other long-term debt. (C) Net proceeds and payments. () Include commercial paper. (E) Such as net increase or decrease in working capital excluding short-term debt, purchase or sale of other non-current assets, investments in and advances to and from associated companies and subsidiaries, and all other items not provided for elsewhere. (F) Gross additions to common utility plant should be allocated to the applicable utility departments. 6. Clarifications and explanations should be listed on the following page. -22-

28 Annual Report of Lakes Region Water Co., Inc. Year Ended December 1, 21 F- STATEMENT OF CHANGES IN FINANCIAL POSITION (CONTINUED) Current Year PrIor Year Line Application of Funds No. (a) (b) (c) 27 Construction and Plant Expenditures (mci. land) 28 Gross Additions 29 Water Plant 23,91 62,61 3 Nonutility Plant 31 Other 32 Total Gross Additions $ 23,91 $ 62,61 33 Less: Capitalized Allowance for Funds Used Dunng Construction 34 Total Construction and Plant Expenditures $ 23,91 $ 62,61 3 Retirement of Debt and Securities: 36 Long-Term Debt (B) (C) 136,762 63,3 37 Preferred Stock (C) 38 Redemption of Short Term Debt (D) 39 Net Decrease in Short Term Debt (D) 4 Other (Net): Reduction of Paid in Capital Total Retirement of Debt and Securities 136,762 63,3 44 Other Resources were used for (E) 4 Net Increase In Working Capital Excluding Short Term Debt 46 Other Total Financial Resources Used $ 367,713 $ 1,2,91 NOTES TO SCHEDULE F- line Current Year Prior Year No. DESCRIPTION Beginning Cash $ 1,12 $ 1,18 Total Financial Resources Provided 39,41 1,2,99 Total Financial Resources Used 367,713 1,2,91 Ending Cash $ 37,98 $ 1,12-23-

29 Annual Report of Lakes Region Water Co., inc. Year Ended December 31, 21 F-6 UTILITY PLANT (ACCOUNTS 11-16) AND ACCUMULATED DEPRECIATION AND AMORTIZATION (ACCOUNTS 18-11) f Current Year Previous Year increase or Line Account Sch. End Balance End Balance Decrease No. (a) (b) (C) (d) (e) 1 Plant Accounts: 2 Utility Plant in Service-Accts (11) F-8 $,28,82 $,34,79 $ 223,873 3 Utility Plant Leased to Others (12) F-9 4 Property Held for Future Use (13) F-9 Utility Plant Purchased or Sold (14) F-8 6 Construction Work In Progress (1) F-b 8,316 12,1 (21,699) 7 Completed Construction Not Classified (16) F-b 8 Total Utility Plant $, $,136,724 $ 22,174 9 Accumulated Depreciation & Amortization: 1 Accum. Depr-Utility Plant In Service (18.1) F-lI $ 1,734,97 $ 1,82,18 $ 12, Accum. Depr-Utility Plant Leased to Others (18.2) F-9 12 Accum. Oepr-Property Held For Future Use (18.3) F-9 13 Accum. Amort-Utility Plant in Service (11.1) F Accum. Amort-Utility Plant Leased to Others (11.2) F-9 1 Total Accumulated Depreciation & Amortization $ 1,734,97 $ 1,82,18 $ Net Plant $ 3,63,941 $ 3,4,76 $ 49,23 F-7 UTILITY PLANT ACQUISITION ADJUSTMENTS (ACCOUNTS ) Report each acquisition adjustment and related accumulated amortization separately. For any acquisition adjustment approved by the commission, include the Order Number. Current Previous Year Increase Year End Year End or Line Account Balance Balance Decrease No. (a) (c) (d) (e) I Acquisition Adjustments (114) 2 3 See Attached Schedule for Details 4 6 Total Plant Acquisition Adjustments $ (24,2) $ (24,21 $ - 7 Accumulated Amortization (11) $ 177,764 $ 172,6 $, Total Accumulated Amozation $ 177,764 $ 172,6 $,78 13 NetAcquisition Adjustments $ (76,261) $ (81,969) $,78-24-

30 7/1/ F-7 Utility Plant AcquisitIon Adjustments & Related Amortization Lakes Region Water Co. Inc. Year Ended Dewcember 31, 21 Acquisition Adjustment (114) Accumulated Amortization (11 j Dates Balance Balance Balance Amortization Balance 1 1 FEll n/a Line# Div# Name Incurred 12/ )31/ Adjustments 12/31/ PS n/a WP n/a - i HV 4)1)22 (172) (172) WVG n/a WC n/a DR - 711/ ,786 - (833 (3 (869) 9 9 WG - 1/1)1991 (6,232) (6232) 47, , PC - 7/1/1979 (36,693) (36.693) 28, , ELW 1/1/1991 (6,866) (6,866) - 44, , E - 4/2/22 (1,427) (1,427) DC 12129/ (28) ( IBH n/a TWW - 111/1996 (38,16) (38,16) - 13, , L V - 7)1)1971 (1,44) (1,44) - 7, V - (9,242) (9,242) 7, V - 7/1/1978 (18,31) (18,31) 12, V - 12/29/24 (1,896) (1,896) /29/24 3,913 3,913 - (1,862) (196 (2, 2 c:e 9/1912 (21,771) (21,771) - 1, Total Company (24,2) (24,2) 172,6,78-177, /214 12/31/21 (24,2) (24,2) 172,6 177,764 (81,969) (76,261) Z:Norm\lrw21 ExeI FilesAnnual ReportLRWC 21 F7_Asset Aquisition Adjustments Page 1

31 Balance Annual Report of Lakes Region Water Co., inc. Year Ended December 31, 21 F-S UTILITY PLANT IN SERVICE Completed Construction Not Classified) (In addition to Account 11, Utility Plant In Service, this schedule includes Account 14, UtIlity Plant Purchased or Sold and Account 16, 1. Report below the original cost of water plant in service according to prescribed accounts. appropriate. 3. Credit adjustments of plant accounts should be enclosed in parentheses to indicate the negative effect of such amounts. 2. do not include as adjustments, corrections of additions and retirements for the current or the preceding year. Such items should be included in column (C) or (d) as 4. Reclassification or transfers within utility plant accounts should be shown in column (f). Include also in column (f) the addition or reductions of primary account classifica tions arising from distribution of amounts initially recorded in Account 14 UtIlity Plant Purchased or sold, In showing the clearance of Account 14, include in column (a) In column (f) to primary account classifications. the amounts with respect to accumulated provision for depreciation, acquisition adjustments, etc. and show in column (f) only the offset to the debits or credits distributed Note A: Class A and Class B utilities as defined in USOA for Water Utilities are required to subdivide the plant accounts into functional operations. The subaccounts are designated by adding a suffix of one decimal place to the three digit account number. The functional operations for the water system along with the designated suffix are Intangible Plant 1; Source of Supply and Pumping Plant 2; Water Treatment Plant 3; Transmission and Distribution Plant 4; and General Plant. Balance at at - Beginning of End of 1 INTANGIBLE PLANT.1 Line Account Title Year Additions Retirements Adjustments Transfers Year 2 31 Organization 3 32 Franchise Other Plant and Misc. Equip. Total Intangible Plant No. (a) (b) (C) (d) (e) (f) (g) 6 SOURCE OF SUPPLY AND PUMPING PLANT Land and Land Rights 8 34 Structures and Improvements 1 36 Lake, River and Other Intakes 9 3 Collecting and Impounding Reservoirs See Supplemental Combined Schedules for F-S. F-S. F-Il & F Wells and Springs Infiltration Galleries and Tunnels Supply Mains Power Generation Equipment Pumping Equipment Other Plant and Miscellaneous 17 Total Supply and Pumping Plant 18 WATER TREATMENT PLANT Land and Land Rights 2 34 Structures and Improvements Water Treatment Equipment Other Plant and Misc. Equip. 23 Total Water Treatment Plant -2-

32 Annual Report of Lakes Region Water Co., Inc. Year Ended Decembr3I, 21 F-8 UTILITY PLANT IN SERVICE (CONTINUED) Balance at Balance at Beginning of End of Line Account Title Year Additions Retirements Adjustments Transfers Year 24 TRANSMISSION & DISTRIBUTION.4 No. (a) (b) (C) (d) (e) (f) (g) 2 33 Land and Land Rights Structures and Improvements Distribution Reservoirs and Standpipes Transmission and Distribution Mains Services Meters and Meter Installations Hydrants Other Plant and Misc. Equip. 33 Total Transmission and Distribution 34 GENERAL PLANT Land and Land Rights See Supplemental Combined Schedules for F-6, F-8, F-Il & F Structures and Improvements Office Furniture and Equipment Transportation Equipment Stores Equipment Tools, Shop and Garage Equipment Laboratory Equipment Power Operated Equipment 346 Communication Equipment 347 Miscellaneous Equipment 348 Other Tangible Equipment $ - - $ - $ $ $ Utility Plant Purchased or Sold** 47 Total (Accounts 11 and 16) $,34,79 $ 22,6 $ $ (,911) $, 28,82 49 Total Utility Plant in Service $,3479 $ 22,6 $ 22,866 $ (,911) $ -, 28,82 $ -26-

33 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-B UTILITY PLANT IN SERVICE (CONTINUED) or purchaser, and date of transaction. ** For each amount comprising the reported balance and changes in Account 14, Utility Plant Purchased or Sold, state the property purchased or sold, name of vendor Note B: Completed Construction Not Classified, Account 16, shall be classified in this schedule according to prescribed accounts, on an estimated basis if necessary, and the entries included In column (c). Also to be included in column (c) are entries for reversals of tentative distributions of prior year reported in column (c). Likewise, if the respondent has a significant amount of plant retirements which have not been classified to primary accounts at the end of the year, a tentative distribution of such retirements, on an estimated basis with appropriate contra entry to the account for accumulated depreciation provision, shall be included in column (d). Include also in column (d) reversals of tentative distributions of prior year of unclassified retirements. Attach an insert page showing the account distributions of these tentative classifications in columns (c) and (d) Including the reversals of the prior years tentative account distributions of these amounts. Careful observance 1 the above instructions and the tests of Accounts 11 and 16 will avoid serious omissions of the reported amount in respondent s plant actually in service at end of year. the In space below, describe briefly each major adjustment or transfer included in columns (e) and (f) above. NONE -27-

34 )1) 13,961 Rate In) 2.% 2.% 1.% 1.% 1.% 1 % 2.% 2.% 3.33% 6.% 2.%.%.% 2.% 1.% )3.33%. 14 1% 1.% 1.% 1% Annual Raportof Lakaa Region Web, Co., In,, Y,.F ended Deoait*,t 31, 216 ten S Amort Charge TO6I Company P4 UtILITY PLANT IN SERVICE (Supplemental Ssh.dule by Ondsion) P4 Acoum Qapr and Annorl S P.12 Annual.pr.ciai Satance II Balance at Balance at Tranniars Balance at Begbrnmg at End of BeginnIng of Retirernenl Common Depracrahan End of Line Account Year Additions Retirements Adjuatmanla Tranatero Year Yell Depreciation Rellre,nrants Adiustments Mtocatlorr ReallocatIon Ree8ocatlon Year I INTANGIBLE PLANT.1 No. (a) (C) (d) (e) (t) (g) (Ii) (I) 1 (ml (k) (I) (a) (p) 24,64 24, ,717 3,63 3,63 1, (1) 3 1, OrganIzation 3 32 FranchIses Other Plant and Mile Equip 27,894 27,694 21, n 21,39 Total Intangible Plant 6 SOURCE OF SUPPLY AND PUMPING P 7 33 Land end Land Rights 8 34 Stiuclures and tnrpronsmenta 9 3 Collecting and Impounding Resernol 1 36 Lake, RIver end Other Intakes II 37 Wile and Springa Inllllratlon Oayefle, and Tunnels Supply Mains Power Generation Equipment Punrç,ingEquigmen* Other Misc. Equip Other Misc. Equip (Common) 17 Tend Supply and Pumping Plant 18 WATER TREATMENT PLANT o3LandandLandRlghta 2 34 Structures and knprovernentl Waler Treatment Equipment Other Plant end Misc Equip 23 Tend Water Treatment Plant 24 TRANSMISSION S DISTRIBUTiON PU andandLandRlQhlS Structures and Improvements Dlstrllrutlon Reseroirn end Slandplp TransrrdWon and DIsUlbtlilon Mains Sandra, Meter, and Mole, Installations Hydranta Other Misc. Equig Other Idloc. Equip (Common) 33 Total Transnüslon and DIstrIbutIon 34 GEPERAI.PLANT Land and lend Rights Structural and Improvemanta Ottlce Furniture a.rd Equigment Transportation Equlyrnant Sloras Equipment Toots, Shop and Garage rdpmen laboratory Equipment..ANT.2 1,692 (1) 19, ,68 172,1 (6,739) 9,834 6,3 1,1*8 12,44 (6,738( ,948 76,91 (9,37) 67,37 12,69 14,766 (ItS) 161, Power Operated Eqrdpmenl Comn unlcailon Equipment Miscetaneouo Equipment OtharTengibie Plant (mundoig) 46 Total General Plant 47 Total (Accounts 11 end 16) Uli6ty Plant Purchased or Sold 49 Total Uttily Plant in BernIce 342,1 1,6 (1,26) (6,377) 34,924 14,694 21,428 (1,26) (2,6) 14,27 2,211 3,6 23, ,624 1,3 (I 1,2 14 1,4 1,71,2 191,663 (17,31 (,914) (1 1,878,76 49,41,73 (17,3 (2,4 44,66 43,74 7,284 (628),16 29,36 2,722 (828 31,2 43,734 7,284 (821),18 29,38 2,,22 (628 31,2 lit.4 478,373 1, ,872 1, ,148,619 I 1,748,68 4,11 34, ,47 244,369 9,71 (3,99) 11 2, ,731 (3,99) (1) 126, ,19 1, ,1 13, ,99 69,299 4,2 3 73,2 8, ,6 1 6,24 2,642,67 17,46-17,797 6, ,191 1,196 13, ,66, ,948 6,11 (299t 4 8,4 19,99 I 19,96 114, ,676 44,347 3, , I 1,6 7, ,649 29, , ,937 9,931 67,31 1,7 88,611 (61) I) 2, ,33 2,232 2,332 77,32 36,17 (1,76) II 112,383,13 8,92 (1,78) 6,64 14 (1) (3) 1 9 ( ,73 36,17 (1,76) (1) 1 64,82 373, (1, ,617,34,79 22,6 (22,886) ,28, ,18 176,347 (22,6661 (2,42) 1, ,682 1, n n ConotructlonWortcinProgreoo *2,1 (21,8991 8,316 1,734,97 i, 1,... Total Utlhly Plant I, (22, , Page 26.

35 Inc. Year ended December 21 31, P.12 6 Annual Depreciation 6 Smart Charge Balance at Balance at Balance at Transfers Balance at Seglnmrdng of End of Beginning of Retirement Common Depreciation End of Rate S 8 7 T 6 6 II IS tJ FIITANGIBI.E PLANT OrganIzation 32 FranchIses Other Plant and Misc Equip Total intangible Plant SOURCE OF SUPPLY AND PUMPING P 33 land and l.and Right, 31)4 SlrucIrJml and Improvements 3 Colleollng end bn4ioundirmg Reserve 36 Lake, River and Other Intakes 37 Wets and Springe 38 lmrfiltralion Octane, and Tunnete 39 Supply Mama 31 Power G.nerstlon Equipment 311 PumpIng Equipment 339 Other Misc. Equip 339 Other Misc. Equip (Common) Total Supply end Pumping Plant OSTER TREATMENT PLANT.3 33 Land arid Land Rights 34 StKUWireO and knprovements 32 Waler Treatment Equipment 336 Other Plant and Equip MIsc Total Waler Treatment Plant TRANSMISSION & DISTRIBUTION P1. 33 Land and Land thghte 34 Slomlumi end Improvements 33 DIstrIbutIon Relemirs end Standpip 331 Tnarmvrlsslon end Oletnibutlon Make 333 SemInal 334 Meters and Meter inotallatlono 33 HydrantS 339 Other Misc. Equip 339 Other Misc. Equip (Common) Total Trarmomlation arid DIatmIbullon GENERAL PLANT. 33 Land and land Rights 34 Shudutea arid Improvements 34(1 Otto. Furnilurs and Equipment Trensportetton Equgimenl 342 Stores Equipment 343 Touts. Strop and Garage Equipment 344 Laboratory Equipment 34 Power Operated Equipment 348 CommunicatIon Equipment () N (a) ) (c) (4) (a) (I) (9) (h) ()) (m) ) (4) (ni) Line Account Year Addition, Retirements Adpatmenta Tranoleri Year Year Dapmcotlsn Rehrements Adjustments Allocation Iteadocatlos ReaSocatlon Year S 2.% 1.% 1.% 1.% 2.% 2.% 3,33%.% 2.%.%.% 2% 1.% 13.33% % 1.% 1(1.% 347 htocetlaneoua Equipment 348 Other Tangible Plant (rounding) (.% Total General Plant Told (Accounts 11 end 16).ANT.2 2.% S 2, , , LttibIy Plant Purchased or Sold Total Litidy Plant in Service - Construction Work In Progreio ,242 7, ,622 ( , , ( ,344 9,69 1, 11,63 (1 1% tl S 999 dl.4 3,2 3,62 1, ,7 4, , II 14,936 4,74 4,74 2,4 18 2, ( ,973 6,64 37 ((42) 8, Total Utitly Plant , t 993 7,1 3 ( ,1 27,268 1,28 ( ,73 1,29 (11) 1,17,91 (1 (68),6 2, , (6) ,16 (146) 1,37 9,46 2,62 12,148 4,68 (4) 4,631 4,69 6 4, (1 (1 9 2 (4) (2t ,742, () 48 3,8 31,436 (4) 1,4 32, (1 3,28 22, , (142) I 1,72 133,841 7,87 2,621 (142) ( ,64 2, 2, I 134,1 3 (142 I 1,72 326, , ,72 133,641 7,878 3,21 ( L tat!rl. -._ 314) Page 28.1

36 Annual Report of Labia RegIon Water Co.. Inc. Year ended Dec,mb.r31, 21 2-PS Peradlo. Shot,. P4 Uult.iT 1 PLANTIN SERViCE (Suppleniental Schedule by DMelonJ P4 Accum (3epr end Amort I F-12 Annual Daprecletlon I Amort Charge Balance at Balance at Begnining ot End 1 tine Account Veil Additions Retrenrenla Adluut,nenta Transfers Year No. (a) (b) (c) (d) (e) (I) (g) II a a.ant.2 19, ,3 9, ,869 Beiance at Transfers Balance at BeginnIng ot Retirement Common Depreciation End of 339,833 (9,371) 329,462 Veer Depreciation Retirements Adjustment, Alocallon Reallocation ReallocatIon Year (Ii) (I) a) (m) (k( (I) (c) (m) ,97 (6,71) 93, (ti l,2qu (,614) (11 6, *6,636 2,63 *23 1, ,92 7,423 (117), ,12 (2249) 43,233 16, ,898 16,4 (2, , II 21 (2,31 (2,3) (2,3 ( INTANGIBLE PLANT OrganIzation 32 F,whIses 339 Other Plant end 141cc Equip Total Intangible Plant SOURCE OF SUPPLY AND PUMPING P 33 Land end Lend Rlgbls 34 Sbuctut.e and Improvements 3 Collecting end Impounding Reservol 3.6 Lake, River end Other lntakel 37 WoOl end Sponge 38 lnlulrstton Galleries and Tunnel. 39 Supply Mains 31 Power Generellon Equipment 311 Puntçrlng Equipment 339 OIlier Uhac. Equip 339 OIlier Miec. Equip (Common) Total Supply end Pumping Plant WATER TREATMENT PLANT.3 33 Land and Land Righta 34 Structures and Improvemenle 32 Waler Treatment Equipment 339 Other Plant and Misc Equip Total Water Treatment Plant IT.4 TRANSMISSION I DISTRIBU11ON PLA 33 Land end Lend Rlgtrte 34 Stnictwes and Improvemante 33 Olalilbullorl ReoeroIr and Standpip 413,184 69, Trenanlnston end DliIribtitIon Mains 333 Seminal 334 Melons end Mater tnotaltalione 33 llydtanta 339 Other tuba Equip 339 Other Miec. Equip (Common) Total Transniraelon and Dlutributlort QENERAL PLANT. 33 Land and land Righto 34 Structures end Improventento 34 Office Fumfture arid Equipment 341 Trensportelbon Equipment 342 Stores Equipment 343 Tools, Shop end Garage Equipment 344 Laboratory Equipment 34 Power Operated Eqtspnrent 348 CommunIcation Equipment 93, Miscellaneous Equipment 346 Other Tangible Plant (touasdlng( Total General Plant 49 Total (Accounts 11 and 16) 14 UtIOty Plant Purchased or Sold 9, a a a,176 (2,361) (1 413,194 69,9 a 4,91 98,218 Rule (n) 2.Ot% 2.13% l , , ,348 9,17 47, 14,197 12,182 17, , (1) 21,42 4,11 3,347 (2,361) (2) %..* 1,4 18 1,239 2.% %,lun It 11 fl 264 3, k 1,17,63,178 (2, ,443 1,174, ,6 26,233 (2,381t (3) ,18 4, ,748 Total titititu Plant In Oervica 2.% 1,% 27, ,32 9, , ,393 1,817 1, %- l4 7, , ,78 1$ , , ,3 1 % 1.% to.% (9) () 16,36 8,387 28,132 11,849 (26) 2,292 13,87 144,978 (31 8,644 t3,6t7 91,91 (21 4 ( ,l99 1,977,282,176 (2,361) ( ,984,87 436,791 42,691 (2,3811 (2,2421 (261 1,646 49,269 4 (3) I (31 (21 4 (II 168 1,84, , Conottudion Work in Program (2,361) (2,242) (26) ,269 9,176 2,13,798 Total Utilty Plant (,616 36,6 1,88 2,2,73 (2,36t( 3( Page 26.2

37 Annual Report of Lakes Region Water Co., Inc. Year ended December WP West Point F4 UT1UT PLANT IN SERVICE (Suppi.m.ntal Schedule by DivIsion) P4 Annum Dept and AmeN S F-12 Annual Depreciation S Assort Char. Bildoce.1 Balance ii 6alace at Transfers balance at Beginning of End of Beginning of Retiremenl Common Deprecrallon End at Rate Line Account Year Additions Reliremonle Adjualmanls Transfers Year Y.ar O.pr.clation Retirements Adluslmsrsts A9ocalion Realocadon Reaboallon Veer No Is) (b) (C) (ri) (a) (t) (g) (h( (I) ( (m) (h) (I) (a) (m) a S 9 1 it l6c IS is INTANGIBLE PLANT.1 (A) 31 Organization 32 Franchises 339 Other PlanI end Misc Equip Total intanginle Plant SOURCE OF SLS PLY AND PUMPING P 33 Land and Land Righls 34 Slniclures and ln,pravemenle 3 Collecting end Impounding Resoivo 36 Lake, Rlvr end Olher intahes 37 Web and Springs 36 InlOtrellon Galleries end Tunnelo 39 Supply Mains 31 Power Generation Equipment 311 PumpIng Equipment Other Misc. Equip 339 Other Misc. Equip (Common) Total Supply end Purrqdng Plant WATER TREA1WNT PLANT.3 33 Land and Land Rights 34 Shuctures and Improvements 32 Waler Trsalmenl Equipment 339 Other Plant and Misc Equip Total Waler Treatment Plant TRANSMISSIONS DISTRIBUTiON PLA 33 Land end Land Rights 34 Structures and Improvements 33 DIstribution Resendrs end Slandpip 331 Transntioalon and Distribution Mater 333 Services 334 Molars end Moles Inotsllatloni 33 Hydanta 33 Other Misc. Equip 339 Other Misc. Equip (Common) Total Transmission and Distribution GENERAL PLANT. 33 Land and land Rights 34 Structures and Improvements 34 Office Funrlhsa and Equipment 41 Transportation Equipment 342 StoreS Equipment.ANT Tools, Shop and Garage Equipment 344 Laboratory Equipment 34 Power Operated Equipment 346 Comrrsmlcatlon Equipment 347 Miscellaneous Equipment % 11,449 17, % 21,368 21,368 6, ,6 1.% 1.% 1.% 34 Other Tangible Plant (roundaig) 8,387 1,941 (1,176) 9,12 2, (1,176) 1.63 Total General Plant Total (Accounts lot and 16) 1,297 1, a 4 46,61 1,941 (1,176 49,66 19,43 1,62 (1,176) 2,19 12,66 12,86 12, ,86 12,66 12,66 12,66 12,86 1.% 14 UtIlity Plant Purdissed or Sold Total Utility Plant in Service IT.4 2.% 2.% 17,8 17,6 13, ,93 1,66 1, ,9 2, %.% 2.%.% 7,27 31 (171) 3 1,71 3,66 29 (171) 3, , ,172.% ,14 31 (171) ,461 2, (171I 3 21,113 2, , % 1, % 1, ,1 3333%. 14 2,26 2 2, % 1,% , % 1.% Construction Work in Progress 4,748 (3 1, , ,271 (27) 241 1,48 (1) II) 1,163 (4) 1,67 l ,82 (27) 1,626 11,219 Total Utility Plant 18,761 2,292 (1,347) (1) 1, , (1,347) (27) 1,66 6, ,292 16, (1,347) (I) ( I (1.347) 11) - jtoial Dept - l.24 1,66 3, Page 26.3

38 Annual Report of tahoe Region Water Co.. Inc. Year ended December 31, 21 4-WVO Waterullle Valley Gateway F4 UtiLITY PLANT IN SERVICE (Supplemental Schedule by DIvIalon) P4 Aceum Oepr asd Amort & F.12 Annual DeprecIation 6. Amort Chirge Balance at Balance at Balance al Transfers Beginning of Balance at End of Beghming of Retirement Line Common Account Year Depreciation Additionu Retrements End of Adiuslmeniu Trarislers Year Veer Depreciation Retirements No. Adjustments Allocation (a) (b) Reallocation (ci (d) Reallocation (a) Year (I) (g) (h) (I) (() (m( (k) (I) (o) (m) NTANGI8I.E PLANT.1 11 OrganizatIon 32 FranchIses 338 Other Plant end Moo Equip Total IntangIble Plant SOURCE OF SUPPLY AND PUMPSI1G P 33 Lend and Land Rights 34 Structures end Improvements 313 Colecthrg end Impounding Resarvol 36 take, Rtv.r and Other Intakee 31 Wets arid Springs 38 lnttiralion Gagaries and Tunnels 39 Supply Mains 31 Power Generation Equipment Ill Pumping Equipment 339 Other )Aec. Equip 339 Other Misc. Equip (Common) Total Supply and Pumping Plant PlATER TREATMENT PLANT.3 33 Land and Lend Rights 34 Structures end Improvements 32 Water Treatment Equipment 339 Other Plant and Misc Equip rot,t Waler Treatment PlarrI TRANSMISSIONS DISTRIBUTION PLA1 33 Land end Land Rights 34 Structures and Improvements 33 DistributIon R.aemois and Stanripip 331 TransmissIon end Distribution Mains 333 SaMoan 334 Meters and Meter installations 33 Hydrants 339 Other Misc. Equip 139 Other Misc. Equip (Common) Total Transwllssion arid Distribution 3EtrFRAL PLANT. 33 Land end land Right, 34 Structures and improvements 34 Ofhice Furniture and Equipment 341 TransportatIon Equipment 342 Stores Equipment 343 Toni,, Shop and Garage Equipment 344 Laboratory Equipment 34 Power Operated Equipment 346 CommunIcation Equipment 347 Mincetlaneaus Equipment 48 Other Tangible Plant (rounding) Total General Plant Total (Account, 11 end 16) 14 Utility Plant Purchased or Sold Tolal Utdiy Plant In Service Construction Work in Progress Total Ulitly Plant LANT.2,, 32, rr.4 63Q 63 13,297 13, ,97 1, ,724 17,724,68,68 1, (16) 1 1, (I 38 1,214 43, (16P I 36 44,49 1,16 1 1,17,848 2, , 31 1,38 4,63 1 4, ,93 1,789,724 (1,l (1) 31,6 (1) 1,624 32,86 126, (16) 2, ,34 _ a (16] d I (16) 2, , (3 n Oj 7, , (1) 333 7,12 1,276 (1( 8, ,479 1,94 (2 17, , ,97 6, , (16( 1 12,91 61,_ , ( , , , ,886 4,61 6 4, ,3 ( , ,7 (1 3,269 22,34 63, ) 1 (1 3, ,71 2,874 (16) I (1 3,3 69,91 26,4.:, Page 26.4 Ruts (n( 2,% 2.% 1.% 1.% 1.% % 2.% 3.33%.% 2.%.%.% 2.% 1.% 33.33% % 1.% 111% 1% 2 3 4,

39 Annual Report at Lake. Raglan Water Co., Inc. Veer ended Decambar 31, 216 S-W I6dden V.Iey F UTLIT PLANT Nil SERVICE [Supplemental Sohedide by DtniaienI F4 Annum Depr and Amort S F-12 Annual DepreciatIon S Anreft Charge Amended Balance at Belence at Balance at Translcr Balance Cl BegInning of End of Beginning of Retirement Common Deprcdatlon End of Line Amount Year Additions Retiremenlo Adluolments Transfers Veer Year Depredation Retirements Ad)unlnnents Allacatiun Realtocalion Reattocelton Veer (a) (b) (c) (d) (e) (I) (g) (11) (I) Ii) (m) (k) (I) (o) (m) 9 1 Ii to NTANGIBI-2 PLANT OrganIzation 32 Frandrlens 338 Other Planl and Irc Equip Total IntSte Plant SOLCE OF SUPPLY AND PUMPING P1 33 Lend and Land Rights 34 Slmcluree and Inipronemente 3 Collecting and Impounding Reaeivol 36 Lake, RIver and Other Intakea 31 Wells and Springs 38 Inliltration Gallenlea and Tunnels 39 Supply Morn 31 Power Generation Equipment 311 Pumping Equipment 339 OIlier Mac. EquIp 33 Other lain. Equip (Common) Total Supply end PumpIng Plant WATER 1REATMENV PLANT.3 33 Lend and Land Righta 34 Structures end linprovemanle 32 Waler Treatment Equipment 338 Other Plant end l,soc Equip Total Water Traetmenl Plant TRANSMISSION & DISTRIBU11ON PLAit 33 Land and Land Rights 34 Structures arid Improvements 33 Diotitbution Renerotra and Slandply 331 Trenamlsslon end Dlolitbutron Maine 333 Services 334 Meters end Meter Inelaflations 33 Hydrants 33 OIlier,Soc. Equip 3.3 Other Wino. Equip (Conmwn) Total Transnhsulon end Dlslrlbutlon GENERAL PLANT. 33 Land and land Rights 3.4 Slniclumne and lnwtovenomte 34 Olfoe FurnIture end Equipment 341 Transportation Equipment 342 Sloree EquIpment 343 Toola, Shop and Garage EquIpment 344 Laboratory Equipment 34 Power Operated Equipment 346 Cornnsaiicalion Eqiiprrrent 347 tascelaneoua Equipment 348 Other Tangible Planl (rotrodiog) Total General Plant Total (Acousto 11 and 16) 14 LItilily Plant Purdiaied or Sold Total Uhuitu Plant km Service Construction Work In Progress Totel Utility Plent ANT2 TA ( ,23 2, (1) 873 3,39 (1 3,3GB 2,67 1 (1 2,696 3,616 (I) 3,61 29,332 29, , ,393 7,38 7,38 7,188 7, ,94 (1) 261,48 1,714 1,714 1, , ,389 1,389,17 8,17 12,84 12,64 31,2 6 (64) 31,4 1,88 1,66 1, ,7 133,44 6 ( ,72 1,44 (17) 1,423. 8,28 (94) 8, ( ,28 (26 21,2 a 6,9 (7 6, ,7 2,43 6, ,1 2 2, ,422 8 (64) 2, a II I 444,422 6 ( ,4 446, ,42 18, ,867 4, , ,748 9,86 13, o a ,84 1,71 22,6 6, , (64) 1, ,8 3,374 ( ,97 3, , ,346 6, , (1) (1) (77) ,443 (77) , , (Ii (77) 4,69 13,36 119,221 12,643 (64) (1) (77) 4,68 13,836 lqai % 1.% 1.% 1.% 1.% 2.% 2.% 3,33%.% 2.% 8.%.D% 2.% 1,% 33.33% % 1.% 1% 1.%...._. I?.L_ J!T!... -, Page 26.

40 - 7 Annual Report at Lake, Region Waler Ca,, Inc. Vearended December 31, 61 8.WC Wm*aanrth Ccv, P4 UTLITY PLANT IN SER\I1CE LSuPpIemenboI Schedule by Olvialan) F4 Accurn D.pr and Amort S F-12 Annual Depreciation S Anion Charge Account (a) 2 S to II Is INTANGIBLE PLANT.1 31 OrganIzation 32 Frenclilse, Other Plant end Mine Equip Total Intingitile Plant SOIJRC! OP SUPPLY AND PUMPING 33 Land and Land Rights 14 StrudUrea and tmprcvemeflta 3 ColIedmg and Impounding Reeervo 36 L.k., River and Other Intake, 37 Weta end Springs GallerIes ad Twmnela 39 Supply Maine 31 Power Generation Equipment 311 Punqdng Equipment 339 Other Miuc. Equip 339 Other lisuc. Equip (Common) Total Supply end Pumping Plant WATER TREATMENT PLANT.3 33 Land and Land Rights 34 Slructurea end Improvements 321) Water Treaboent Equipment 339 Other Pt.M end taco Equip Total Waler Treatment Plant TRANEMISSION S DISTRIBU flon PLAI 33 Land end Land Rights 34 Structurea end Improvements 33 Dtstntbutien Rasendra arid Standplp 331 tranonsnion and DistrIbutIon Mains 333 Serslceu 334 Meter, end Meter tnietakatlori, 33 Hi.drante 339 Other talc. Equip 329 Ottiarhlluc. Equip (Common) Total Tranandnsion and Olatnbutlon GENERAL PLANT. 33 Land and land Right, 34 Structures inn tnrprovements 34 OftIce Furniture and Equipment 341 Trenspottatlarl Equipment 342 Stores Equipment 343 Tootu, Strop end Garage Equipment 344 Laboratory Equipment 34 Power Operated Equipment 346 Comrnunlcatlort Equipment 341 laamltenaoue Equipment 348 Other Tangible Plant (rounding) Total General Plant Total (Accounts 11 and 16) Plant Purcirened or Sold 14 tilitlt Total Uttiry Plant hi Sandca Conatrudlon Work In Progreus Balance at Balance at Balance at Transfers Balance at End ci End of Beginning of Beginning of Veer Year Retirement Corrnnon Depreclatror Additions Retirements Ad(uotnientu Tranofer, Year Line Veer Allocation Reallocation Reallocation Adjustments Depreciation Retirements No. Rate 16) (Cl ml itt m 11 1,% 1.% 1.% 2.% 2% 3.33%.% 2.%,%.% 2,% 1.% 33.33% % 1.% 1,% 1.% Total Utitty Plant ill tot tml Ill lit In) n S in LANT.2 2.% S,118,116 1, II % 2,912 2,972 19, ,226 7,97 (2) 7,87 3, (3) 3,62 1,774 1, ,894 (3) ,293 1,444 (3 26,437 1% T.4 43,924 43,924 23, ,276,276 4, ,76 8,11 11 (69) 9, (89) Ii ,68 34,466 1,38 ( , (7) (4) ,82 (9) 9,73,719 1,694 7,43 3, ) 3,786 1, ,494 3,31 (34) 2,997 2, , II (2) S (2) 2,77 1,126 3,73 1,64 (3) 318 1, (1) (ii 2, , ( ,37 S , (69) (3) 1, ,7 71,87 2,9 (691 ( ,168 76, St ,168 76,41 I 122,672 9, (89 (3 1, , _1 4,98; 3( Page 26.6

41 - Rate (n) 2,% % 1% 1.% 1.% 2.% 2.% 3.33%.% 2,%,%.% 2% 1,% 33.33% % 1.% 1.% 1,% inn. Year ended December 31, 29I & P.12 Annual Depreciation Amari Charge Balance at Balance at Balance at Transfers Balance at Bagkmnlrrg at End of Beginning of Retirement Common Deprectatarn End of Line Account Veer Additions Retoernents Adjustments Iransfers Veer Year Depredation Retirements AduStrnenls Altocetion Reallocation Reallocation leer I INTANGIBLE PLANT.1 La) (b) (c) (4) (a) (I) (g) (h) ji) (m) (k) (I) () (mj a a Organization a a a a o a a a 3 32 FranchIses a a a a a Other Plant and Misc Equip a a a a a a o a a L.ANT.2 Total Intangible Ptant 6 SOURCE OF SUPPLY AND PUMPING F 7 33 Land and Land Rigtite 4, a a a a a a a, a a a a o a a a a a a a a a a a a a a l Stnucturea and lngrmoseanenta 9 3 Cohedling and lmporaodtng Reuervo l,746 a 1,746 2,626 2, a 1 36 Lake, River and Other Intakes a a a a a a Ii 37 Wells and Springi 3,16 ItO a a a a a a a a a a a a lnflltretloni Gaflenes and Tomato Supply Mains Power Ganaritlon Equipment a a a Pumping Equipment a a a a 3, her lanc. Equip l,aol 173 a 1, Other kbnc. Equip (Common) 9 n n a a a 23,37 23,37a 17 Total Supply end Pumping Plant 16 WATER TREATMENT PLANT Land and Land Rights 2 34 Structure, and lmpmvements Waler Treatment Equipment Other Plant end Misc Equip 23 Total Water Treatment Ptanl 24 TRANSMISSION 6 DISTRIBUTION PLA 2 33 Land and Land Rights Stiucluros and Improvements Distitbutton Reseroirs and Slandplp Tran,n4selofl end Distribution Mains ServIce, Mater s and Mater Inutettattons Hydrants 32.a 339 Other Mac, Equip Other Misc. Equip (Common) 33 11st Trarrunrloeinn and Distribution 34 GENERAL PIJINT Land and land Rights Structures arid Improvements Office Furnilwe and Equipment Transportation Equipment Stereo Equipment Toots, Shop and Garage Eqivprnan laboratory Equipment Power Operated Equipment a a a a a a a a a a Cr 11.4 a a a a a a a a 33, ,37 a a 2, Ila (87) 2 a 11, CommunIcation Equipment Lbscuitanenus Equipment 4 34 Other Tangible Plant (nvimdtsg) ,14 46, ) ,26 89 (1) 649 4,943 (6) 4, () ,683 (124) 12,9 a a a 3,913 (44) 3,669 6,76 1,229, a a 3,326 1,4 4,761 2 (21 a *, ,113 1, ,29 ( ,413 98,2 17 (67) 1, a ,99,3 474 (97),417 1,64 1,64 62 St ,376 1,21 j ,2 a a 1, ,616 2,174 9,792 3, , Total General Plant 47 Total (Accounts 11 and 16) Utihty Plant PurchaSed or Sold 49 ratat titilito Plant tsr Bernice ,148 (46) 49 2,1 (II (Ii a ( (1) (4) 2, ,438 (67) (46) 2,799 4, a a a a a a a a (67) a 4,84 2,438 (871 (46) 2,199 4,949 Construction Work in Progress I talt Total tjtby PlenI _.. 3/4/IS 28.7 Page 26.7

42 Annual Report at Lakei Region Water Co., Inc. Year ended December 31, 21 8DR Deer Run P4 UTIUTY PI.ANT IN SERVICE LSupplemental Sch.dab by DlvIeIonJ F4 Accum Dept and Amort S F.12 Annual DepreciatIon 4 Amort Charge Balance at Balance at Balance at Transfers Balance at Beginning at End ol Litre Acuourit Ye.r Additions Reluements Adjuolmonis Travelers Year No. (a) (b) (C) () )e) fl () 1 BITAOIOIISE PLANT.1 p it it a a a 2 31 OrganIzation 3 32 Frsncht,ea Other Plant and Mac Equip Total Intangible Plant LANT.2 6 SOURCE OP SUPPLY AND PUMPING P a a a 7 33 Land and Land Righle 1,432 1, Sbuctures arrd Improvements 9 3 eding end lmpoimding Reservo 1 36 Lake, River end Other I ttakeo 2,62 a a a a 2,62 II 37 WeltoarrdSpringi a a Intlhrsilon Galleries end Tunnels o Supply Mains Power Generation Equipment 16,37 16,37 a a a Pumping Equipment Other Misc. Equip Other Misc. Equip (Corrorron) 38,483 38, Total Supply and Pumping Plant 16 WATER 1REATIMINT PLANT.3 a a o a a IS 3olLandondLarrdltlgtrtn 2 34 Sirucloren and Improvenvento Water Treatment Equipment itt Other Plant end Misc Equip 23 Total Water Treebnent Plant 24 TRANSMISSIONS DISTRIBUTION PU 2 33 Land and Land Rights a a a a a a 3 3 1,26 1, Structures end (niprovemenha Otstflttution Resorobn and Btandpip Tranamlaoicn and Distribution Mains Services Matars end Meter tnatetlations 11, (12) 11, I tydrsnlo Other Misc. Equip , ( ,126 Beginning at Pelirement Common Depreciation End of Year Oeprecielion Retirements Adjustments Allocation ReaPocation Reallocation Year Rats (h) (p Ij) (m) (k) (1) (a) (m) (n) Other Misc. Equip (Common) 33 Total Trenanüsion and Diatribution 34 GENERAL PLANT Land end tend Rights Slnicturea and tnrprovemente Otttca Furniture and Equipment Transportation Equipment Blorel Equipment Taste, Shop end Garago Eqispmenl Laboratory Equipment a a a Powoc Operatod Equipment Corrr,mjnlcelion Equipment I*acalaneous Equipment Other Tangible Plant (rotrrdirrg) 46 Total Genersi Ptanl 47 Total (Accounts 11 and 16) utility Plant Purchased or Sold 49 Total Utility Plant in Service a o a a a 3, ,197 6, , ,4 1,373 14,413 (2 (2i (2 ( ,62 39 (12) 6, % 2% 1.% 1.% 1.% , ( ,497 1.% 2.% 2.% 3.33%.% 2.%.%.% 714 (8) (47) (4) 38 1,4 (12) 1,438 2.% 1. % 33.33%. 14 3,22 (37) 3, % 1.% 2,764 1,29 3,73 1.% 1.% ,4 81 1,31 27 I 276 6,391 1,86 8,197 3,13 6 3, Conolnidlen Won in Progress Total Utitty Plant (1) (1) 1,86 (36) 339 2,17 (2) (1) I3i 21,821 1,11 22,832 13,146 (11 ( ,39 74, (12) ,678 34,9 1,82 (121 (361 2,32 38,1 34_DOS 1,62 (12) (38) , a (121 I (121 1,21 7,678 L... 3) Page 26.8

43 (J) a Annual Report.9 Lakee Region Water C.., Inc. Year ended December 31, 21 O9.WG Woodland re P6 U IlLI ty PLANT IN SERVICE uppbnwntal Schedule by DlvIelonJ F4 Accum Oepr and Amort & F-12 Annual DeprecIatIon & Amort Charge Balance at Beginning.! Year Addiliono Reliremerri, Adluolmnnto l rensrern Balance at Balance at Trertnlern Balance at End ot Beginning 1 Retirement Corrnr,on Depreoation End at Line Account f_i in (hi (ci (in) 1.77 Year Year Depredation Retirements Adjustment, Allacebon Reallocation Reallocation Year,..., (g( )h) (I) - (I) (a) (m) - (k) 1 INTANGIBLE PLANT.1 c 2 31 OrganIzation 3 32 Frncinloen Other Plant and Mine Equip ANT.2 Total Intangible Plant I 6 SOURCE OF SUPPLY AND PUMPING 7 33 Land end Land Rights 9 34 Structures and Impravernenhi o 3 Cotecting and Impounding Reserve 1 36 Lake, River and Other Intakes II 37 Weflo end Sprlngn 177 ) nitiratlon Galleries end Tunnels Supply Melon 14 3) Pow.rGenerallorr Equipment Pumping Equipment Other Misc. Equip 9, ) 339 Other Misc. Equrp (Common) 17 Total Supply and Pumping Plant 16 WATER TREA1 MENT PLANT Land and Lend Right, 2 34 Structure, and Imprenamenhu 2) 32 Water Treatment Equipment Other Plant end Mioc Equip 23 Total Water Treatment Plant 24 TRANSMISSION & QISTRIBUIION PLA 2 33 Land and Land Rights Stmctums end Improvemento Olslnbutlon Reeerolro and Standplp Tranmriosian and Ointrtbutlan Maim Servlca, Meters and Meter tnutahalionn Hydrants Other Misc. Equip 7,118 7, ,741 2, Other Misc. Equip (Common) 33 TOtal Tranarrioulan and Distribution 34 GENSRAL PLANT Land and land Rights Structure, and Improvements Oftic. Furniture and Equipment Trerropoitetbn Equipment Stores Equipment Toola, Shop and Garage Equipment Laboratory Equipment (6,128) 118 (8,13) 1, (6,247) 78 (,482) (3) 67 (488) Pow,! Operated Equipment CommunicatIon Equipment ta,coten,aua Eqwpmenl 7 II ,398 I) 96,389 (l1,873t 2,689 (9284) s a OIlier Tangible Plant (rounding) 46 Total General Plant 47 Total (Accounlo 11 and 18) titltly Plant Purniranad or Sold 1,636 1, ,639 1, ,91 13, II ,69 3, ,334 8,241 6,241 7, ,78) 14, (89) 2 14,486 9, (99) 9, a 29 1, ,861 (891 Rain (It) 2.% 2.% 1.% 1.% 1,% 1,% 2.11% 2.% 3.33%.% 2.%.%.% , lag) a 3 89 (1) (8) () ,22 (129) 13,91 2,% 1.% 33.33%- 14 4,78 (481 4, % 1.% 3,487 1,616 4,983 1,% Ill (3) (4] 1.% 27,367 (3( 1,267 29,631 21, (99) (1) 1,26 22,92 21, Conotttrotton Work hr Progreos , I 33 7,296 2,266 9,64 3,76 7 3, (12) 112) 2,163 (48) Total Utility Plant I I (48) 2,864 19,348 6,6)) 4.1 (69) (48) 2,917 66,142 8,611 4,1 (89( (48) 2,917 66,142 1, (1) I 21, (99 (1) 1,26 22,92 _._J!L ,...._.._..._L..._._...,.._._._.._. I......_..,_.,.._ Pan 26.9

44 Annual Report at Lake. Region Water Co., tire. Year rnded December 31, 21 1-ELW Echo Lake WOOdS P4 U1LlTY PLANT IN SERViCE )Supplem.ntsl Schedule by Dheslon) F4 Aceum Depr and Amorl & P.12 Annual Depreciation 6 AmeN Charge Balance at Balance ii Balance Cl Transfers Balance at Beginning at End at Beginning of Retirement Common Depredation End of.!i. Line Account Year Additions Retirements Adjuotmenta Transfers Year Veer Deprecation Retirements Adjuolments Allocation Reallocation Reallocation Year I INTANGIBLE PLANT.1 (a) (ti) (c) (4) (a) (I) )l (Ii) (i) (j) (m) )k) (I) (oj tm) a 81 a a Organlzallon 3 32 FranchIses cr Plant end Misc Equip a a a a a a a S Total Intangible Plant ANT.2 6 SOURCE OF SUPPLY AND PUMPING P Land and L.rrd Rights a 19,37 19, Structures and Improvements a a o 3, ,733,733 13, , Cotecllng end Impounding Reuervol 1 38 Lake, River and Other Intakes ii 37 WeSo arid Springs , Intlltratlon Galleries end Tunnels Supply Mains Paver Generation Equlpmenl Purriplng Equipment ,123 1, Other Mioc. Equip Other Mice. Equip (Common) , Total Supply and Pumping Plant 18 WATER TREATMENT PLANT land nd Land Rights 2 34 Structureo and Improvements Waler Tr,alrnenl Equipment it Other Plant and Mice Equip 23 Total Waler Treatment Plant 24 TRANSMISSiON & DISTRIBU1ION PLA 2 33 Land and Land Rights Otnicturea and Improvements DIstrIbutIon Rasarohe and Slaridpip Trwrorrvaaron and Olatilbullon Meets ServIces Melon and Water tnitsltatiomre Hydrants Other Misc. Equip Other Mice. Equip (Common) 33 Total Trenanlsdon and Diatribulion 34 GENERAL PLANT Laod and land Rights Sltudl.rres and lowmovementa Office Furniture and Equipmenl TransportatIon Equipment StOres Equipment Tool., Shop and Gara9s Equipnreot Laboratory Equipment Power Operated Equipment Cansnunlcation Equipment Misceltaneouo Equiprnenl cr Tangible Plant (rounding) 16,181 16,181 36,218 a a 36, Total General PlanI 47 Total (Accounts 11 end 16) 48 11)4 llidty Plant Purchased or Sold 49 Total l.ttlitn Plant in Service,993 6,993 8, a Rate (n) 2.% 2% 1.% 67, , ) (6) 28 3,63 (3) 3,2 288 (3) 26 7,66 (76) 7,764 2,42 (28) 2, o a 62 2, , , ,26 11, ,943 1.% 1.% 17, ,3 1.% 2.% 2.% 3.33%,% 2.% %.% 2.% 1.% 33.33%-la 1,Oc% 1.% 1% 1.6% 14, ,36 3, ,28,91 3,816,22 22, ,426 1, ,783 1, , ,347 6,92 2, , (4) (4) 1,342 3 (2) 23 1, (28) 1, ,377 2,129 (281 1,73 97, ,36 a 83, ( ,213 Construction Work In Pmgreso...J I 11, Total LIlitily Plant 3) Page 26.1

45 2 3 4 Annual Report 1 Lakes Region Water Ce., Inc. Year ended December 31, Brake 111ff P4 UT1LXrY PLANT IN SERVICE Isuppiementat Schedul, by DIvietsa) F4 Aucum Dept end Amont & P.12 Annual Depreciation S Anraid Charge Balance at Balance at Balance at Transfers Balance at S it IS Beginning of End of B.glnsrlng of Retirement Corrairen Depredation End ut Rate Line Account Year Additions Retirements Adjustments Transtern Year Year Depreciation Retirements Adjustments Allocation Reallocation Reallocation Veer In) INTANGIBLE PLANT.1 Ito. (a) (b) (c) (d) (e( (I) (g) (h) (I) I,)) (m) (k) (6 (a) (nj OrganIzation 32 FranchIses 139 Other Plant end Mac Eqiup rotal Intangible Plant SOURCE OF UPFL.V AND PUMPING P 13 Land and Land Rights 14 Structuras end Irprovanranta CollectIng and lrrrpouridlng Reservo Lake, River end Oilier Intakes 7 Wide and Springs 8 Inlitretion GaUsnies end Tunnels (1 (I ft It ft 39 Supply Mains 31 Power Generation Equipment 311 Pumping Equipment 339 Oilier Misc. Equip 339 Other Misc. Equip (Canenon) Total Supply end Pumping Plant WATER TREATMENT PLANT Land arid Lend Righus 34 Struc9jree and Improvements 32 Waler Treatment Equipment 339 Other Plant arid Misc Equip Total Water Treatment Plant TRANSMISSIONS. DISTRIBUTION PLA 33 Lend and Land Rights 34 Structures and Improvements 33 DistributIon Reseicus and SI.ndpip 2.% 2.% 331 Traneisrisslon end Diutidrution Main 3 33%.% 2,%.% 333 Services 334 helen and Meter Inoldatlorta 33 Hydrants 339 Other Misc. Equip 339 Other Misc. Equip (Common).% Total Imnondastan and Dlolflhutor, 489*1. PLANT. 33 Land and land Rights 34 Structures and lnqrronemerrts 2.% 3411cc FurnIture end Equipment 1.% 341 TransportatIon Equipment.ANT % % 342 Stores Equipment 343 Tools, Chop and Garage Eqispment 344 Labomtap Equipment 1.% 34 Puwei Operated Equipment 346 Comnainicallon Equipment 1.% 347 Miscellaneous Equipment , , % 1,46 1, % to 3,84 3,84 (3,49) 321 (3,138) 1.% 1.% 1.% 1% 1,% 348 Other Tangible Plant (roundnrgl Total General Plant Total (Accounts 11 and 16) 14 UtItly PlanI Purdraiad an Sold Total Uldty Plant In Service Constnrctlorr Work in Progress ,737 37,737 (1461 1,9 913 ft.4 72,6 72, ,4 12,979 18, , , (11) 1, (118), , (lie ,72 2,616 ( ,18 69 (7) (4) ,398 (1),31 4, 1,439,497 3,272 (37) ,48 2,9 (26) 2,61 2, (1) (16) , ,18 1,33 (3) 27 1, , ,166 8,67 1 (3) 1, ( ,12 3,676 (1181 (3) 1,63 36,48 I ) 869 l& Total Ulitily Plant 11 osr ills n 1, Page 28.11

46 Annual Report f Lake, Region Water Cs,, Inc. Year ended December 31, WAN T.mwarth Wit., Works P4 UTILITY PLANT IN SERVICE uppi.inentai Schedul, by DMaienj F4 Accum Dept sod Amort 8. P.12 Annual DeprecIation I. Amart Ctrnrg. Lee No , IS IS C a Account -- NTANGIBLE PLANT.1 31 Organization 32 FranchIses 339 Other Plant arid Misc Equip Total Intangble Plant SOURCE OF SUPPLY AND PUMPING P 33 Land and Land RIghts 34 Structure, and Improvements 3 Coliectbig end Impoundaig R,servoi 36 Lake, River and Other Intakes 37 Wells end Springs 38 lnfrllralion Galleries end Tunnels 39 Supply Mains 31 Power Generation Equipment 311 Pumping Equlpmenl 339 Other Misc. Equip 339 Other Misc. Equip (Common) Total Supply and Pumping Plant WATER 1REATMENT PLANT.3 33 Land and Land Rights 34 Structures arid improvement. 32 Water Trealinenl Equipment 339 Other Plant end Misc Equip Total Water Treatment Plant TRANSMISSION I. DISTRIBUTION PLO 33 Land arid Land Rights 34 Structure, end Improvements 33 DIstribution Raseloirs and Standpip 331 Trensnris,loo end Distribution Main, 333 Services 334 Meters end Mater Installation, 33 Hydrants 339 Other Misc. Equip 339 Other Misc. Equip (Common) Total Transiridsolon arid DIstrIbution GENERAL PLANT. 33 Land and lend Right. 34 Structurea end Improvement cc Fumiure and Equipment 341 Transportation Equipment 342 Stores Equipment 343 Toots, Shop and Garage Equipment 344 Laboratory Equipment 34 Power Operated Equipment 346 CommunIcation Equipment 347 Miscellaneous Equipment 348 OIlier Tangible Plant (mta,dmg) Total General Plant Total (Accounte 11 and 16) 14 Utility Plant Purcha,ed or Sold Total Utility Plant In Service Balance at Beginning of Year (b) L.ANT Additions Retirements A4uabnenls 1,4 (41 i.,i Construction Work In Progresa TotalUIiIityPtaot I 14,892 Tranalers (ft balance ci End of Year (at Balance at Beginning of Year (h) Deprecation Retirements Adjustment. (j) (m) Retirement Allocation (k( Satance at Depreciation End at n it a a ii ft n n it ft ft Transfers Comnrarr Realocation Reallocation it ,844 31,844 11, ,36 44,66 44,96 13, ,923 6,794 8, ,6 2,371 2,371 1, , ,361 88,381 26,694 2,33 29, ,364 7,384 3, , , ,923 64,667 7,29 71,98,92, ,8.66,68 2, ,971 1, , , ,2 73,74 7, ,742 1, ) 1,28 7,32 (8) 6,92 2, , (7) G ,43 (17) 17,668 1,894 3, ,67 (64), , (13) (13) 4,732 2,69 6,81 2,966 (6) 8 3, ,36 1, ,21 1 (6) 3,97 26,61 9,263 2,83 11, ,367 1,21 (6) 3, , G j,47 1,261 (6) ,629 I 16,67 ttstaldrorr () Year (in) 314/ Page Rate (ii) 2% 2% 1.% 1% 1.% 1.% 2% 2.% 3.33%.% 2.%.%.% 2.% 1.% 33.33% % 1.6% 1.% 1.% 2,83

47 Annual Raport of Label Region Water Co.. Inc. Year ended D.c.mber 31, Ealatea F-I U11LITY PLANT IN SERVICE (Supplemental Schedul, by Division) F4 Accum Depr end Amort & P.12 Annual Depreciation I Amort Charge Line No C B Account (a) NTANGIBLE PLANT.1 till Organizalion 12 Frenctilses 339 Other Plant and Misc Equip rotal Intangible Ptanl SOURCE OF SUPPLY AND PUMPING P 33 LaM end Land Rights 34 Stnvckires end krqrrovemenle 3 Calecting end Impounding Renervo 38 Lake, River arid Other intakes 37 Web end Springe 38 Inf96atlon Galleries and Tunnels 39 Supply Mains 31 Power Generation Equipment 311 PunipingEqaipnnenl 339 Other Misc. Equip 33 OTher Mac. Equip (Common) Total Sr.pIy end Pumping Plani WATER TREATMENT PLANT.3 33 Land end Land Rights 34 Structures and Improvements 32 Waler Trealment Equipment 339 Other Plant and Misc Equip Total Water Treatment Plant TRANSMISSION & DISTRIBUTiON PLA 33 Land and Land Rights 34 Structures end improvements 33 DIstribution Reseroha end Standpip 331 TransmIssion end Distribution Mains 333 ServIces 334 Meters and Meter insialialiono 33 Hydrants 339 Other Misc. Equip 339 Other Misc. Equip (Common) Total TransmIssion and Distribution GENSRAL PLANT. 33 Lend end leird RIghis 34 Structures and Improvements 34 Oftice Furniture and Equipment 341 Transisortelon Equipment 342 Stores Equipment 343 Tool, Shop arid Garage Eqctpmenl 344 Laboratory Equipment 34 Parser Operated Equipment 346 Camnrunlcalion Equipment 347 MIscellaneous Equipment 34 Other Tangible Plaid (mumming) Total General Plant Total (Accaumilo 11 and 16) 14 Ul6ty Plant Purchased or Sold Total tasty Plaid in Service Construction Work in Progress Total Utility Plant Balance at Science at Balance ci Transfers Balance ci Beginning of End of Beginning at Retirement Common Depredation End of Veer Addition, Retirements Adjustments Transfers Year Year Deprecation Retirements Adjuslrrientu Allocation Reallocation ReallocatIon Year ibl Ic) (dl tel (ft tot hi N (ii imt IS) (I) tot imi 4, ,2 1.29,312,312 ANT.2 22,383 22,363 6,161 6,167 S 4,63 4, ,224 33,224 In.4 S S S 16,9 16,9 16,9 16, , ,26 S S 126, ,16 1,16 S , (6) 26 3,63 (3) 3, ( ,6 (76) ,42 (28) 2, ,963 16, ,2 2, ,8, S ,8 C F ,289 3,26s , 4, , S 13 1,21 3, ,97 (2,34) 46 (1,94i ,11 1,66 3,267 12,62 1,66 14,249 12,62 1,66 14,249 2, ,92 1,22 2,79 13,11 (93) 28 (6) (466) 8 (43) 81 II ,722 2, ,498 1, , ,347 6,382 2, S ,36 (28) 23 1,93 (1) (Ii 1.46 (I) (29) ,73 42,261,46 ( (28 :Tola!!pr --., L_....,,,,,, _.._..._L..._._..._._,_ :.....:...1.!.3S 7,14! ,82 4, Page Rate tn 2.% 2 COVe IS COY. 1.% 1.% 1.11l 2.l 2.% 3.33%.% 2.%.%.% 2.% 1.% 33.33% % 1.% 1.% 1.%

48 Rain In) 2,% 2.% 1.% 1.% 1.% 1.% 2.% 2.% 3.33%.% 2.%.%.% 2.% 1,% 33.33%- 14 1% 1.% 1.% 1% Annual Report of Lakee Region Water Co., Inc. Year ended December 31, 21 F-S Accum Oepr and Anraill S. F-12 Annual Depreciation S. Smart Charge 14. Dear Cove P4 UTILITY PLANT IN SERVICE [Supplemantal Schedul, by Didalon) Balance at Balance at BegInning of End of Line Account Year Additions Rotironlenis Adjustments rranntarn Year No. (a) (PL (c) (d) (a) (I) (g) 4 64 a LANT.2 12, , Beience Cl Trend or, Balance ci Beginning of Retirement Cornnren Depreciation End of Year Depredation Retirements Adjualmonte Allocation Reallocation Reallocation Year (In) (I) (9 (m) () (1) (a) (m( INTANG1IB..E PLANT.1 -- I , Organization 3 32 Franthises Other Plant and Misc Equip Total tniang6le Plant 6 SOURCE OF SUPPLY AND PUMPING P 1.1 1,1 1,1 1,1 6, , Land and Land Rights 8 34 Slwciuraa end Improvementi Ccitecthg and lnrpauriding Resar,, 1 36 Lake, River arid Other Intakes W.OuandSptinge Intiltrallon Galleries and Tunnels Supply Mains Power Generation Equ pnrent , Punrping Equipment Other Misc. Equip ,36 723, Other Misc. Equip (Common) 17 Total Supply and Pumping Plant 19 WATER TREATMENT PLANT Land arid Land Rights Structures and Improvements Waler Treatment Equipment therPlerrl and SSIC Equip 23 Total Weler Treatment Plant TRANSIOISSIOIII & DISTRIBUTION PLA 2 33 Land end Land Rights Structures and Improvements Diohibuthun Reaernfl end Slandpio Tranemlauhon arid Ohalribullon Mains ServIces Molar, and Mater Installations Hydrants Other Misc. Equip Other Misc. Equip (Comon) 33 Told Transnuioahon and Distribution 34 GENSRAL PUNT Land end land Rigirla Structures and Improvements Office Forrrllura end Equipment Trarmnperlatlon Equipment Store, Equipment Toota, Shop and Garage EqLiprnent Laboratory Equipment Power Operaled Equipment Communlcalion Equipment MiscellaneOus Equipmenl Other Tangible Plant lrarardmg) 48 Total General Piani 47 Total (Accounts 11 and 16) Utility Plant Purdresed or Sold 49 Total Lifilitn Plaint km Service 7.4 1,17 3, a a a a a a a 1,17 3, , , C 178, ,63 2, , (7) 61 3,1 (41) 3,1 1, , (4) ,111 (89) 9,22,38 1,1,946 I 2,811 (32) 2,779 2, , S Ct 2,388 1,4 3,43,4 1,73 (33) 293 1, , ,734 11,764 (33) , , 44,966 23, (33) 2,1 26,3 ri 1, - 43,938 ë&iction WarS ta Progress ,3 882 (32, I ,68 I I oteioepr 662 Total Ulilily Plant 2,1 2, i4 Page 26.14

49 Annual Report of tubas Region Water Co., Inc. Year ended December 31, OV Lake Oselpee VIflage Fl U11LITY PLANT IN SERVICE jsupplemental Bnh.dul. by DIvIsion) F4 Annum D.pr and Amort S F.lZ Annual Depreciation & Amort Charge Balance at Balanc, at Beginning ci End ci Line Account Veer Addition, Retirements Adjustments Transfer, Year No. (a) (b) (c) (d) (a) (I) (g) 1 INTANG1BI.E PLANT Organtcatlon 3 32 FranchIsee 4 33 Other Plant and Misc Equip 6 Total lntangthla Plant 6 SOURCE OF SUPPLY AND PUMPING I 7 3O3LandandLJndRlglrtS 8 34 Structures and brerovements 9 3 Cc$ectbvg and bupolmding Reserve 1 36 Lake, River and Other Intakes Wehand Springs InidiratIon Oa9edea and Tunnels Supply Mains Paver Generation Eqrupment PumpIng Equipment Other Mac. Equip Other Misc. Equip (Comnmrt) I? Total Supply end Pumping Plant 19 WATER TREATMENT PLANT Land and Land Rights 2 34 Structures end Improvements Waler Treatment Equipment Other Plant and Mac Equip 23 Total Water Treatment Plant 24 TRANSMISSION & DISTR96UTION PLA 2 33 Land and Land Right, Structures and Improvements DistrIbution Reseroirn and Standplp Trartsndenlon and DIstribution Mains ServIces Mater, and Mater Installallono Hydrants Other Mien. Equip Other Misc. Equip (Comrncn) 23 Total Tranendoslon and DistributIon 34 GENERAL PLANT Land and land Rights Structures and Improvements GlEns Furniture and Equipment Tranuportation Equipment StoreS Equipment Tools, Shop and Garage Eqsaprnent Laboratory Equipment Power Operated Equipment Ccmnsmmcation Equipment l.sscetaneous Equipment Other Tang6rle Plant (roonding) 46 Total General Plant 47 Total (Accotartu 11 and 16) Ittity Plant Puentrased or Odd 48 Total (311w Plant in Service Ccmstiuctron Work In Progress Total Utility PlanI 3,664 3,664 I) 3,664 It 3,664 ANT.2 29, ,467 23,467 42,641 42,641 I) 6,334 6, ,4 12,49 it ,14 8,14 1 6,14 14,694 14, ,277 9,1 8,1 7,331 7,331 2, , , ,126 2,77 2,77 1, , ,398 41,49 (366) 41,43 12, , , ,192 4,8 89, ,332,424 34,78 379,332, ,332, ,76 Balance at Transfers Balance at Beginningot Retirement Common Depreaation Endol Year Depredation Retirements Adiusbmenlo Allocation Reallocation ReallocatIon Year )h) (I) I,)) (m) (k) (1) () (m) 1, ,1 1, ,1 Ii 7,6 47 6,7 It 32, ,28 6, ,498 2,61 91,9 II ,393 1, ,393 9, ,787 46,13 1,968 46,499 2, ,1 3, ,968 1, ,937 63,6 2, ,71 7,36 1,82 2,63 12, (8) 7, ,699 I) 3 1,6 7, , t6 (1) 1,333 8,374 (1) III 3,232 (1) (11 9, ,24,79 (11 9, ,24, (11 9,142 _.L, _ L.. J. i!2!el (1, Page 26.1 Rate (n) 2.% 2.% 1.% 1.% 1. % 1. % 2.% 2.% 3.33%.% 2.%.%.% 2.% 1.% 33.33% % 1.% 1% 1,%

50 Annual Report ol Lake, RegIon Waler Co., Inc. Year ended December 31, M IndIan Mound F4 UTILITY PLANT IN SERVICE (Supplemental Schedule by Division) P4 Accum Dept end Assort S F-U Annual Depreciation 8, Amsrt Charge Balance at Balance at Beginning of End of Line Account Year Additions Retiremenl, Adiustmenl, Transters Year No. (a) (b) (c) (d) (e) (I) )g) 1 II INTANGIBLE PLANT.1 3 Organization 32 Franchises 339 Other Plant and Misc Equip Total hrtengtsle Plant SOURCE OF SUPPLY AND PUMPING I 33 Land and Land Rights 34 Structures and bnpmvenrenta 3 Collecting end Impounding Reserve 36 Lake, River andother intake, 37 Wells and Springs 38 InfiltratIon Oatieries and tunneta 39 Supply Mains 31 Power Generation Equipment 31 Pumping Equipmenl 339 Other Misc. Equip 339 Other Misc Equip (Common) Total Supply end Pumping Plant WATER TREATMENT PLANT.3 33 Land and Land Righla 34 Structures and Improvements 32 Waler Treatment Equipment 339 Other Pianl and Mac Equip Total Water treatment Plant TRANSMISSION & DISTRWLJT1ON PLA 33 Land and Land Rights 34 Structures end Improvements 33 DistrIbution Reserora and Standpip 331 TransmissIon end Distribution Maini 333 ServIces 334 Meters and Meter tnstatlations 33 Hydrants 339 Other Misc. Equip 339 Other Misc. Equip (Common) Total Transnrlsulon and Distribution GENERAL PLANT. 33 Land and tend RIghIs 34 Structures and Improvements 34 Office Furniture and Equipment 341 Transportelion Equipment 342 Slores Equipment 343 Tuols, Shop and Garage Equipmenl 344 Laboratory Equipment 34 Power Operated Equipment 346 Communication Equipment 347 Miscellaneous Equipment 348 Other Tangible Ptent (rounding) Total Genera) Plant Tote) (Acovunts 11 and 16) 14 Utility Plant Purchased or Sold Total mum Plant in Sarvina Constsuctlon Work in Progress Total Utility Rent 12, ,41 12,641.ANT.2 8, ,1 (8,738) ,649 8,649 18,37 13,61 (9,89) 2, , ,42 189,722 (1,8271 2, ,284 (82) 7, ,284 (826) 7, ,81 2,676 62,321 Q 62,321 9,2 9,2 6 2,17 2,78 1, ,7 3,899 3, ,34 1, ,34 6,961 4t 7, , ,11 428, ,8 2,6 7,34 (I) I 36,98 I.18 42, ,38 2,882 (16,8) 1, , ,39 2,982 (16,6) 1, ,362 14,793 (14, l, ,189 (16, I, ,382 S Balance at Transfer. Balance at BeginnIng of Retirement Common Depreciation End ot Veer Depredation Retirements Adjustments Allocation Reallocation Reeltocatlon Veer (h) ( (fi (m) 1k) (I) () (mi 11, ,94 11, ,94 2,77 2,7 (6,738) (1,874) 1, ,898 6,762,322 (9,69) (,) ,276 3,83 (1,8271 ( ( ( ,646 8,271 2, , ,47 2, ,24 3,4 42 9,11,2 124 (9) 2, a S S S S S S S S S S (7O S a 1 3,337 (7) (6,) Uo ,433 (16,6) (7) 4,29 a , ,648, ,28 314i Page 2.16 late In) 2,% 2% 1% 1.% 1.% 1. % 2.% 2.% 3.33%.% 2.%.%.% 2.% 1.% 3,33% % 1 % 1,% 1% S 9

51 Annual Report of lakes RegionWstsr Co.. Inc. Veer ended December 31, GO Gunitock Glen F4 UTiLITY PLANT IN SERVICE ISupplemental Schedule bv DivIsion) F-I Accent D.pr and Amo,t & P.12 Annual Depreciation S Amort Charge Balance at Balance at Beginning of End of Line Account Year Additions Retirements Adjustments Transfers Year No. (a) (b) (c) (d) (a) (Ii (g) I INTANGIBLE PLANT Organloatton 3 32 Franchises Other Plant and Misc Eqrop Total Intangible Plant 6 SOURCE OF SUPPLY AND PUMPING 7 33 Land and Land Rtghte 8 34 Structuree and Improvements 9 3 Collecting and tmpounding Reservo 1 36 Lake, River and Other Intakes Wells and Springs Infiltration Galleries and Tunnels Supply Mains Power Generation Equipment PumpIng Equipment Other Mile. Equip Other Misc. Equip (Common) 17 Total Supply and Pumping Plant 18 WATER TREATMENT PLANT Land and Land Rights 2 34 Slnsctwas and improvements Water Treatment Equipment Other Plant and Misc Equip 23 Total Wafer Treatment Plant 24 TRANSMISSION & DISTRIBUTION Pt) 2 33 Land and Land Rights Structures and Improvaments Dist,lbuttsn Reseroirs and Standply TransmIssion and Distribution Mas rs Services Meters and Meter lnstalshons I iydrants Other Misc. Equip Other Misc. Equip (Common) 33 Total Transmission and Disirlbulion 34 GENERAL PLANT Land and land Rlghio Siructuras and Improvements cc FurnIture and Equipment Transportation Eqrinent Stores Equipment Toots, Shop and Garage Equipment Laboratory Equipment Power Operated Equipment Communication Equipment MIscellaneous Equipment Other Tangible Plant (rounding) 46 Total General Plant 47 Total (Accounts 11 and 18) Utility Plant Purchased or Sold As ThI.l I IlilO,, OI...I Construction Work In Progress Total Utitty Plant a a LANT.2 2, It 2, 7,11 7,11 NT.4 9,987 9, ,319 69,319 a a a a a ,999 2,7 839 Balance at Transfers Balance at Baglnnhrg of Reitr.niant Common Depreciation End of Year Depreciation Retirements AustmenlS Allocation Realocatson Reallocation Year (h) (g I,)) (m) (k) (I) () (or) 21, ,24 4,838 1,, (1 6 26,12 1,83 27,96 II ,761 1,38 22, , ,217 21, , (9) 644 3,763 (44) 3,719 1, , (3) ,849 (84) 9, ,6 7,477 a a o 2,974 (32) 2,942 3,14 3, ,31 1,13 3,634 1,673 (3) 311 1, (4) (4) (81 19, , (4) (3) , ,322 1,11 182,432 6,89 3,31 (3) , , I ,,,, 1,11 162,432 8,89 3,31 (3) 2,128 6, , TsI.IDepr 3,31-8 _i Page 26.17

52 Annual Report at Lake. Region Water Co., Inc. Yaarandad December dm General Company P4 UTILITY PLANT IN SERVICE (Supplemental Sohedute by Division) F4AccumD.pr.ndAmort S F-12 AnnualD.preolatton SArnertClmarga Balance at Balance at Beginning 1 End 1 Use Account Year Additions Retirements Adjuutmenla Trenslers Year No. (a) (b) (c) (d) (C) (I) 1 II LNTANGIBI.E PLAN OrganizatIon 32 FranchIses 339 Other Plant end Misc Equip Thiol Intangible Plant SOURCE OF SUPPLY AND PUMPING F 33 Land arid Land Rights 34 Structures and Improvements 3 Coledhig and (mpotaidng Rene,vo 36 Lake, River and Other Intakes 37 WaRs and Springs 38 Inliltrahon Debris. and Tiarriela 39 Supply Mains 31 Power Generation Equipment 311 PumpIng Equn1ent 339 Othert.Iuc. Equip 339 Other li8s Equip (Coriwnon) Total Supply and Pump#lg Plant dater TREATMENT PLANT.3 33 Land and Land Rights 34 Slmcluree arid Improvements 32 Waler Treatment Equipment 339 Other Plant smmd Misc Equip Total Water Treatment Plant TRANSMISSION S DISTRIBU11ON PLA 33 Land and Land Rights 34 Stluctures and Improvements 33 Disttlbutlon Rasatoirs and Standpip 331 Transnisaiofl and Distribution bland 333 Servtcen 334 Mater, and Meter Installations 33 Hydrants 339 Other Misc. Equip 339 Other Misc. Equip (Common) Total Transmission and DistributIon GENERAL PLANT. 33 Land end land Rights 34 Structures and Improvements 34 Office Furniture and Equipment 341 Transportation Equipment 342 Stnree Equipment 343 Tools, Strop and Garage Eqidpman 344 Laboratory Equipment 34 Power Operatod Equipment 346 Communication Equipment 347 Miscellaneous Equipment 348 Other Tangible Plant (rolmdmg) Totat General Plant Total (Accounts 11 and 16) 14 Ltttsly Plant Piactrased or Sold Total titiby Plant km Service CoMbudiOfl Work km Progress Total Utility Plant ANT.2 IT.4 Balance at Translers Balance at Beginning ol Retirement Common Depredation End op Year Depredation Retirements Adjustments Allocation Reallocation Reallocation Year (h) ) 1)) (m) (h) (I) () (ml a 11 1,196 (1, ( ,196 ( ,296 (2,296) 23 (23) 1.99 (1.99) 2 9 1,1 (1,7) () 3,17 (1,76) (3,81) () 992 (1,76) 116 (9,92) (11 Dl (11 36,11 ( (3,811 () (1,76) 1.76 (64.82) (11 42,21 (1,78) 1 (41.12) () 6,779 (1.76) 1.76 (6,776) I (1,76) (41,12) () 1.8 (1.61 1, ( (1,76) ( jdepr _fl_. 314I Page 26. Plate In) 1% 1% 2% 2.%.% 1.9% 33.33% % 1% i.oonio S 7 8 9

53 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F.9 MISCELLANEOUS PLANT DATA For each of the accounts listed hereunder, provide a summary statement if a balance was camed therein at any time during the year. Information required consists of a brief description and amount of transactions carried through each such account and except to the extent that the data is shown elsewhere in this report, the opening and closing balances, If any of the property involved had an income producing status during the year. the gross income and applicable expenses (suitably subdivided) should be reported. Utility Plant Leased to Others (12) N/A Accumulated Depreciation of Utility Plant Leased to Others (18.2) N/A Property Held For Future Use (13) (SEE BELOW) Accumulated Depreciation of Property Held For Future Use (18.3) NIA Accumulated Amortization of Utility Plant Leased to Others (11.2) N/A NONE -28-

54 Annual Report of Lakes Realon Water Co. Inc. Year Ended December F-b CONSTRUCTION WORK IN PROGRESS AND COMPLETED CONSTRUCTION NOT CLASSIFIED (Accounts 1 and 16) For each department report below descriptions and balances at end of year of projects in process of construction and com pleted construction not classified for projects actually in service. For any substantial amounts of completed construction not classified for plant actually in service explain the circumstances which have prevented final classification of such amounts to prescribed primary accounts for plant in service. 2. The information specified by tis schedule for Account 16, Completed Construction Not Classified, shall be furnished even though this account is included in Schedule F-8, Utility Plant in Service according to a tentative classification by primary accounts. 3. Minor projects may be grouped. Completed Construction Work in Construction Not Estimated Additional Line Description of Project Progress (Acct 1) Classified (Acct. 16) Cost of Project No. (a) (b) (C) (d) 1 Far Echo Harbor New Source $ 2, $ 26, 2 Paradise Shores: Source Evaluation 36,6 1, 3 West Point Dry well - search for new source 16,81, 4 Tamworth Water Works: Uranium Treatment 2,24 3, Tamworth Water Works: Dry Well 3,389 44, 6 Gunstock Glen! Brake Hill: Distr. Improvements 1, Wentworth Cove 8,899 9,6 9 Total $ 8,316 $ 1,73,

55 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-Il ACCUMULATED DEPRECIATION OF UTIUTY PLANT IN SERVICE (Account 18.1) Report below the information called for concerning accumulated provision for depreciation of utility plant in service at end of year and changes during year. Explain any important adjustments during year. Explain any differences between the amount for book cost of plant retired, line 4, column (b) and that reported in the schedule F-B Utility Plant In Service, column (d) exclusive of retirements of nondepreciable property. 4. The provisions of account 18.1 of the Uniform System of Accounts intent is that retirements of depreciable plant be recorded. In when such plant is removed from service. There also shall be included in this schedule the amounts of plant retired, removal expenses, and salvage on an estimated basis if necessary with respect to any significant amount of plant actually retired from service but for which appropriate entries have not been made to the accumulated provision for depreciation account The inclusion of these amounts In this schedule shall be made even though it involves a journal entry in the books of account as of the end of the year recorded subsequent to closing of respondents books. See also note B to schedule F-B Utility Plant Service. section B show the amounts applicable to prescribed functional classifications. in A. Balances and Changes During Year Utility Plant in Service Line Item (Account 18.1) No. (a) (b) 1 Balance beginning of year $ 1.82,18 2 Depreciation provision for year, charged to Account 43, Depreciation Expense 178,347 3 Net charges for plant retired 4 Book cost of plant retired 22,866 Cost of removal 6 Salvage (credit) 7 Net charges for plant retired $ Other (debit) or credit items: 9 Rounding 3 1 Adjustment due to NHPUC audit (2,4) Balance end of year $ 1,734,97 See Supplemental Combined Schedules for F-B, F-B, F-li & F-12. B. Balances at End of Year According to Functional Classifications 13 Source of Supply and Pumping Plant $ 44, Water Treatment Plant 31,2 1 Transmission and Distribution Plant 8,4 16 General Plant 48,7 17 Total $ 1,734,97-3-

56 $ Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-12 ANNUAL DEPRECIATION CHARGE 1. Indicate cost basis upon which depreciation charges calculation were derived. 2. Show separately the rates used and the total depreciation for each class of property. 3. Depreciation charges are to be computed using the straight line method. Composite rates may be used with Commission approval. 4. Total annual depreciation charge should agree with schedule F-Il, line 2 Depreciation provision for year, charged to Account 43, Depreciation Expense. Line Class of Property Cost Basis Rate Amount No. (a) (b) (C) (d) 2 See Supplemental Combined Schedules for F-6, F-S. F-Il & F Total $,28,82-178,

57 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-13 ACCUMULATED AMORTIZATION OF UTILITY PLANT IN SERVICE (Account 11.1) 1. Report below particulars concerning accumulated provision for amortization of utility plant in service. 2. Explain and give particulars of important adjustments during the year. 3. Under Gain or (Loss) on Disposition of Property, line 17, report the excess of book cost of plant retired, less any proceeds realized at retirement, over the accumulated provisions for such plant. Account Balance and Changes During Year Line Class of Property Amount No. (a) (b) 1 Balance beginning of year 2 Amortization Accruals for year: N/A 3 (specify accounts debited) Total Accruals 13 Total (line 1 plus line 12) 14 Net charges for retirements during year: 1 Book cost of plant retired 16 Proceeds realized (credit) 17 Gain or (Loss) on Disposition of Property Net charges for retirements 24 Other (debits) and credits (describe separately Balance end of year -32-

58 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-14 NONUTILITY PROPERTY (Account 121) 1. Give a brief description and state the location of non-utility property included in Account Designate any property which is leased to another company. State name of lessee and whether lessee is an associated company. 3. Furnish particulars concerning sales, purchases, or transfers of nonutility property during the year. 4. List separately all property previously devoted to public service and give date of transferto Account 121, Nonutility Property. These items are separate arid distinct from those allowed to be grouped under Instruction No... Minor items may be grouped. Balance Beginning Purchases, Sales, Balance End of Line Description and Location of Year Transfers etc. Year No. (a) (b) (C) (d) 2 NONE total F-1 ACCUMULATED DEPRECIATION AND AMORTIZATION OF NONUTILITY PROPERTY (Account 122) Report below the information called for concerning depreciation and amortization of nonutility property. Lne Item Amount No. (a) (b) 1 Balance beginning of year NOT APPLICABLE 2 Accrual for year, charged to Account 426, Miscellaneous Nonutility Expenses 3 Net charges for plant retired: 4 Book cost of plant retired Cost of removal 6 Salvage (credit) 7 Total Net Charges 8 Other (debit) or credit items (describe) 9 1 Balance, end of year -33-

59 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, Report below investments in Accounts 123, Investments in Associated Companies; 124, Utihty Investments; 12, Other Investments; 13, Temporary Cash Investments. 2. Provide a subheading for each account and list there under the information called for, observing the instructions below. 3. Investment in Securities- List and describe each security owned, giving name of issuer. For bonds give also principal amount, date of issue, maturity, and interest rate. subject to current settlement. With respect to each advance show whether the advance is a note or open account, Each note should be listed giving date of issuance, maturity date, and specifying whether note is a renewal. Designate any advances due from officers, directors, stockholders or employees. pledge. at which carried in the books of account if different from cost) and the selling price therefor, not including any dividend or interest adjustment included in column (g). Date Date of Beginning No. of Shares Book Costa Revenues From Invest. Line Description of Investment Acquired Maturity of Year End of Year End of Year for Year Disposed of F-16 INVESTMENTS (Accounts 123, 124, 12, 13) For capital stock state number of shares, class and series of stock. Minor investments may be grouped by classes. Investments included in Account 136, Temporary Cash Investments, also may be grouped by classes. 4. Investment Advances- Report separately for each person or company the amounts of loans or investment advances which are subject to repayment but which are not. For any securities, notes or accounts that were pledged, designate such securities, notes or accounts and in a footnote state the name of pledge and purpose of the 6. If Commission approval was required for any advance made or security acquire, designate such fact and in a footnote give date of authorization and case number. 7. Interest and dividend revenues and investments should be reported in column (g), including such revenues from securities disposed of during the year. 8. In column (h) report for each investment disposed of during the year the gain or loss represented by the difference between cost of the investment (or the other amount Book Costa Amount or Gain of Loss Principal No. (a) (b) (c) (d) (e) (f) (g) (h) I Investment in Associated Companies (Account 123) 3 NONE 11 TOTALS 1

60 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-16 INVESTMENTS (Accounts 123, 124, 12, 13) - Continued Principal Book Cost * Amount or Gain or Loss Date Date of Beginning No. of Shares Book Cost Revenues From Invest. Line Description of Investment Acquired Maturity of Year End of Year End of Year for Year Disposed of No. (a) (b) (c) (d) (e) (f) (g) (h) 11 Investment In Associated 12 Utility Investment-Account NONE TOTALS 2 Other Investments-Account CoBank Patronage Equity - 1,49 1, TOTALS $ - $ 28 Temporaly Cash Investments-Account NONE TOTALS 1,49 $ 1,49 * If the book cost is different from cost to respondent, give cost to respondent in a footnote and explain difference -3-

61 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-17 SPECIAL FUNDS (Accounts 126, 127, 128) (Sinking Funds, Depreciation Fund, Other Special Funds) 1. Report below the balance at end of year of each special fund maintained during the year. Identify each fund as to account in which included. Indicate nature of any fund included in Account 128, Other Special Funds. 2. Explain for each fund any deductions other than withdrawals for the purpose for which the fund was created. 3. If the trustee of any fund is an associated company, give name of such associated company. 4. If assets other than cash comprise any fund, furnish a list of the securities or other assets, giving interest or dividend rate of each, cost to respondent, number of shares or principal amount, and book cost at end of year. Year End Line Name of Fund and Trustee if any Balance No. (a) (b) 1 Sinking Funds (Account 126) 2 NONE TOTAL 7 Depreciation Funds (Account 127) 8 NONE TOTAL 13 Other Special Funds (Account 128) 14 NONE TOTAL F-18 SPECIAL DEPOSITS (Accounts 132, 133) (Special Deposits, Other Special Deposits) 1. Report below the amount of special deposits by classes at end of year. 2. ii an deposit consists of assets other than cash, give a brief description of such assets. 3. If any deposit is held by an associated company, give name of company. 4. Specify purpose of each other special deposit. Year End Line Description and Purpose of Deposit Balance No. (a) (b) 1 Special Deposits (Account 132) 2 NONE 3 4 TOTAL 6 Other Special Deposits (Account 133) 7 NONE TOTAL -36-

62 Annual Report of Lakes Region Water Co.. Inc. Year Ended December F-19 NOTES AND ACCOUNTS RECEIVABLE (Accounts 141, 142, 143, 144) Show separately by footnote the total amount of notes and accounts receivable from directors, officers, and employees included in Notes Receivable (Account 141) and Other Accounts Receivable (Account 143). Current Year Previous Year increase or Line Accounts End Balance End Balance (Decrease) No. (a) (b) (c) (d) 1 Notes Receivable (Account 144) $ 2 Customer Accounts Receivable (Account 141) 3 General Customers $ 112,4 $ 137,762 $ (2.722) 4 Other Water Companies Public Authorities 6 Merchandising, Jobbing and Contract Work 7 Other 8 Total (Account 141) $ 112,4 $ 137,762 $ (2,722) 1 Total Notes $ 9 Other Accounts Receivable (Account 142) and Accounts Receivable 112,4 $ 137,762 $ (2,722) 11 Less: Accumulated Provisions for Uncollectible 12 Accounts (Account 143) Notes and Accounts Receivable-Net 112,4 $ 137,762 $ (2.722) F-2 ACCUMULATED PROVISION FOR UNCOLLECTIBLE ACCOUNTS-CR. (Account 143) Line No. I item (a) Balance first of year Provision for uncollectible for current year (Account 43) Accounts written off Collections of accounts written off Adjustments (explain) Net Total Balance end of year NONE Amount r balance (C) Summarize the collection and write-off practices applied to overdue customers accounts. -37-

63 Annual Report of Lakes RegIon Water Co., Inc. Year Ended December 31, 21 F-21 RECEIVABLES FROM ASSOCIATED COMPANIES (Accounts 14, 146) t Report particulars of notes and accounts receivable from associated companies at end of year. 2. Provide separate headings and totals for accounts 14, Notes Receivable from Associated Companies, and 146, Accounts Receivable from Associated Companies, ri addition to a total for the combined accounts. 3. For notes receivable list each note separately and state purpose for which received. Show also in column (a) date of note, date of maturity and interest rate. 4. If any note was received in satisfaction of an open account, state the period covered by such open account.. Include in column (f) interest recorded as income during the year, including interest on accounts and notes held at any time during the year. 6. Give particulars of any notes pledged or discounted, also of any collateral held as guarantee of payment of any note or account Balance Beginning Debits During Credits During Balance Interest Line Particulars of Year the Year The Year End of Year for Year No. (a) (b) (c) (d) (e) (f) T Accounts Receivable from Associated Companies (Account 14) $ 26,11 $ 6,437 $ 19, TOTALS $ 26,11 $ - $ 6,437 $ 19,673 $ 13 Notes Receivable from Associated Companies (Account 146) TOTALS -38-

64 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-22 MATERIALS AND SUPPLIES (Accounts ) Current Year Previous Year Increase or Line Account End Balance End Balance (Decrease) No. (a) (b) (c) (d) I Plant Materials and Supplies (Account 11) 2 Fuel Oil 3 4 General Supplies-Utility Operations 7,3 4,717 2,633 Totals (Account 11) $ 7,3 $ 4,717 $ 2,633 6 Merchandise (Account 12) 7 Merchandise for Resale 8 General Supplies-Merchandise Operations 9 Totals (Account 12) 1 Other Materials and Supplies (Account 13) 11 Totals Material and Supplies 7,3 $ 4,717 $ 2,633 F-23 Prepayments - Other (Account 162) Current Year Previous Year Increase or Line Type of Prepayment End Balance End Balance (Decrease No. (a) (b) (C) (d) I Prepaid Insurance $ 1,666 $ 19,14 $ (8,348) 2 Prepaid Operating Permits 2, 2, - 3 Prepaid Propane (418) 4 Prepaid Computer Support 6,436 6, Prepaid One-Call 3,232 2, Prepaid Water Monitoring Equipment 2,444 1,36 1,79 7 Prepaid Health Insurance - 4,78 (4,78) Totals Prepayments $ 2,328 $ 37,24 $ (11,917) -39-

65 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-24 OTHER CURRENT AND ACCRUED ASSETS (Accounts ) Current Year Previous Year Increase or Line Description End Balance End Balance (Decrease) No. (a) (b) (c) (d) 1 Accr. Interest and Dividends Receivable (Account 171) 2 NONE TOTALS 9 Rents Receivable (Account 172) 1 NONE TOTALS 17 Accrued Utility Revenues (Account 173) 18 NONE TOTALS 2 Misc. Current and Accrued Assets (Account 174) 26 NONE TOTALS -4--

66 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-2 UNAMORTIZED DEBT DISCOUNT, PREMIUM AND EXPENSE (Account 181, 21) 1. Report under applicable subheading the particulars of Unamortized Debt Discount and expense and Unamortized Premium on Debt. 2. Show premium amounts by enclosure in parenthesis. 3. In column (b) show the principal amount of bonds or other long term debt original issued. 4. In column (c) show the expense, premium or discount with respect to the amount of bonds or other long-term debt originally issued.. Furnish particulars regarding the treatment f unamortized debt expense, premium or discount associated with issues redeemed during the year, also date of the Commission s authorization of treatment other than as specified by the Uniform System of Accounts. 6. Set out separately and identify undisposed amount applicable to issues which were redeemed in prior years. 7. Explain any debits and credits other than amortization debited to Account 428, Amortization of Debt Discount and Expense, or credited to Account 429, Amortization of Premium on Debt. Principal Total expense AMORTIZATION Balance Amount of Premium or PERIOD Beginning Debits Credits Balance end line Designation of Long Term Debt Securities Discount From to of Year During Year During Year of Year No. (a) (b) (c) (d) (e) (f) (g) (h) (i) T Unamortized Debt Discount and Expense (Account 181) 2 Mt. Roberts 6,148 6,148 6,148 3 CoBank (Refinance) 474, ,8 4,4 4 CoBank(Indian Mound) 13, ,461 8, , TOTALS $ 64,67 $ 26,4 $ 11,261 $ 14,78 $ 863 $ 24,976 8 Unamortized Premium on Debt (Account 21) 9 1 NONE TOTALS -41-

67 Annual Report of Lakes Region Water Co.. Inc. Year Ended December31, 21 F-26 EXTRAORDINARY PROPERTY LOSSES (Account 182) Report below particulars concerning the accounting for extraordinary property losses. 2. In column (a) describe the property abandoned or extraordinary loss suffered, date of abandonment or loss, date of Commission authorization of use of Account 182, and period over which amortization is being made. WRITTEN OFF DURING YEAR Total Amount Previously Account Balance Line Description of Property Loss or Damage of Loss Written off Charged Amount End of Year No. (a) (b) (c) (d) (e) (f) 1 2 NONE TOTALS -42-

68 Annual Report of Lakes Region Water Co., lnc Year Ended December 31, 21 F-27 PRELIMINARY SURVEY AND INVESTIGATION CHARGES (Account 183) 1. Report below particulars concerning the cost of plans, surveys, and investigations made for the purpose of determining the feasibility of projects under contemplation. 2. Minor items may be grouped by classes. Show the number of items in each group. CREDITS Balance Account Balance Line Description and Purpose of Project Beginning of Year Debits Charged Amount End of Year No. (a) (b) (c) (d) (e) (f) 2 NONE TOTALS -43-

69 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-28 MISCELLANEOUS DEFERRED DEBITS (Account 186) 1. Report below the particulars called for concerning miscellaneous deferred debits. 2. For any deferred debit being amortized show period of amortization and date of Commission authorization. 3. Minor items may be grouped by classes, showing number of such items. CREDITS Balance at Balance End of Account Line Description of Miscellaneous Deferred Debits Beginning of Year Debits Charged Amount Year No. (a) (b) (C) (d) (e) (f) Investigation DW ,92 49, Rate Case DW 1-29,469 62,33 Various 67,84 6 Write off of inventory due to no leas rule 4,32 Various 4, TOTALS,371 $ 66,6 - $ 122,26 44-

70 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-29 RESEARCH AND DEVELOPMENT ACTIVITIES (Account 187) 1. Describe and show below costs incurred and accounts charged during the year for technological research and development projects initiated, continued or concluded during the year. Report also support to others during the year for jointly-sponsored projects. (Recipient must be identified regardless of affihiationi) For any research and development work carried on by the respondent in which there is a sharing of costs with others, show separately the respondent s cost for the year and cost chargeable to others. 2. In column (a) indicate the class of plant or operating function for which the project was undertaken, if payments were made in support of research by others performed outside the company, state the name of the person or organization to whom such payments were made. 3. Show in column (c) all costs incurred for R&D performed internally and in column (d) all costs incurred for R&D performed externally during the current year. In column (e) show the capital or expense account number charged during the year. In column (f) show the amounts related to the accounts charged in column (e). In column (g) show the undistnbuted costs carried in Account 187, Research and Development Expenditures. 4. If costs have not been segregated for research and development activities or projects, estimates may be submitted for columns (c), (d) and (f) with amounts identified by Est.. Report separately research and related testing facilities operated by the respondent. Cost Incurred Cost Incurred CURRENT YEAR CHARGES Internally Externally Undistributed Line Classification Description Current Year Current Year Account Amount Costs No. (a) (b) (c) (d) (e) (p (g) NONE I TOTALS Li 16-4-

71 Annual Report of Lakes Region Water Co., inc. Year Ended December 31, 2c/ F-3 ACCUMULATED DEFERRED INCOME TAXES (Account 19) 1. Report the information called for below concerning the respondent s account for deterred income taxes. 2. In the space provided furnish significant explanations including the following: (a) Desc1be the amounts for which deferred tax accounting in the classification is being followed by the respondent and the basis therefor. (b) Itemize and identify each debit and credit underlying the entries In columns (c), (d), (e). (f), (h), and (j). CHANGES DURING YEAR Amounts Amounts Balance Beginning Debited to Credited to Line AccountSubdivislons of Year Account4l.1 Account4ltl No. (a) (b) (c) (d) 1 NONE TOTALS CHANGES DURING YEAR ADJUSTMENTS Debits to Account 19 CredIts To Account 19 Debited Account Amount Credited Contra Contra Balance Line Account 41.2 Account Acct. No. Amount Acct. No. Amount End of Year No. (e) (f) (g) (h) (I) (J) (k)

72 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-31 CAPITAL STOCK AND PREMIUM ON CAPITAL STOCK (Accounts 21, 24, and 27) 1. Report below the particulars called for concerning common and preferred stock at end of year, distinguishing separate series of any general class. Show totals separately for common and preferred stock. 2. Entries in column (b) should represent the number of shares authorized by the articles of incorporation as amended to end of year. 3. Give particulars concerning shares of any class and series of stock authorized to be issued by the Commission which have not been issued. 4. The designation of each class of preferred stock should show the dividend rate and whether the dividends are cumulative or noncumulative.. State if any capital stock which has been nominally issued is nominally outstanding at end of year. 6. Give particulars of any nominally issued capital stock, reacquired stock, or stock in sinking and other funds which is pledged, stating name of pledgee and purpose of pledge. 7. For columns (g) and (h) indicate by footnote if stock held by respondent is Reacquired Stock (Account 216) or is in sinking and other funds. Line No. I Number of OUTSTANDING PER BALANCE SHEET HELD BY RESPONDENT DIVIDENDS DURING YEAR Shares Authorized by Par or Stated Class and Articles of Number of Value Account 27 Series of Stock Incorporation Shares per Share Amount Premium Shares Cost Declared Paid (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) Common Stock (Account 21) $ 3 2 $ $ 1, 9 1 TOTALS Preferred Stock (Account 24) NONE $ 3 2 :j $ 1, 19 2 TOTALS -47-

73 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-32 CAPITAL STOCK SUBSCRIBED, CAPITAL STOCK LIABILITY FOR CONVERSION AND INSTALLMENTS RECEIVED ON CAPITAL STOCK (Accounts 22 and 2, 23 and 26, 28) 1. Show for each of the above accounts the amounts applying to each class and series of capital stock. 2. For Common Stock subscribed Account 22, and Preferred stock Subscribed, Account 2, show the subscription price and the balance due on each class at end of year. 3. Describe the agreement and transactions under which a conversion tiabilfty existed under Account 23, Common stock liability for Conversion, or account 26, Preferred Stock Liability for Conversion, at end of year. Line Name of account and description of item Number of Shares Amount No. (a) (b) (c) I Capital Stock Subscribed (Accounts 22 and 2) 2 3 NONE TOTALS 12 Capital Stock LIability For ConversIon (Accounts 23 and 26) 13 NONE TOTALS 23 Installments ReceIved on Capital Stock (Account 28) 24 NONE TOTALS -48-

74 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-33 OTHER PAID-IN CAPITAL (Accounts ) 1. Report below balance at end of year and the information specified in the instructions below for the respective other paid-in capital accounts. Provide a total for the account for reconciliation with the balance sheet. Explain the change in any account during the year and give the accounting entries effecting such change. 2. Reduction in Par or Stated Value of Capital Stock (Account 29) -Report balance at beginning of year, credits, debits, and balance at end of year with a succinct designation of the nature of each credit and debit identified as to class and series of stock to which related. 3. Gain on Resale or Cancellation of Reacquired Capital Stock (Account 21) -Report balance at beginning of year, credits, debits, and balance at end of year with a succinct designation of the nature of each credit and debit identified as to class and series of stock to which related. 4. Other Paid-In Capital (Account 21 1)- Classify amounts included in this account at end of year according to captions which together with brief explanations, disclose the general nature of transactions which give rise to the reported amounts. Amount Line No. Item (a) (b) 1 Reduction in Par or Stated Value of Capital Stock (Account 29) 2 NIA TOTAL 1 Gain on Resale or Cancellation of Reacquired Capital Stock (Account 21) 11 NIA TOTAL 2 Other Paid-in Capital (Account 211) 1,217, TOTAL 1,217,81-49-

75 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-34 DISCOUNT ON CAPITAL STOCK AND CAPTIAL STOCK EXPENSE (Accounts 212 and 213) 1. Report under applicable subheading the balance at end of year of c1scount on capital stock and capital stock expenses for each class and series of capital stock 2. If any change occurred during the year in the balance with respect to any class or series of stock, attach a statement giving particulars of the changes. State the reason for any charge-off of discount on capital stock or capital stock expense and specify the account charged. Series of Stock Year End Balance Line No. Class and (a) (b) 1 Discount on Capital Stock (Account 212) 2 N/A TOTAL 1 Capital Stock Expense (Account 213) 16 Equity Financing Costs associated with the conversion of long term debt to 17 additional paid in capital in DW Equity Financing Costs Expenditures ($18,4) Amortization charged to 426 1, Amortization charged to 426 1, Amortization charged to amortization charged to 426 1, amortization charged to 426 1, amortization charged to 426 1, amortization charged to 426 1,841 (,19) 26 12/31/1 Balance TOTAL (,19) Note: Equity Financing Costs are being amortized over 1 years. --

76 Annual Reøort of Lakes Region Water Co.. Inc. Year Ended December F-3 LONG TERM DEBT (Accounts 221, 222, 223, and 224) 1 Report by balance sheet accounts particulars concerning long-term debt included in Accounts 221, Bonds; 222, Reacquired Bonds; 223, Advances from Associated Companies; and 224, Other Long-Term Debt. 2. For bonds assumed by the respondent, column (a) should include name of the issuing company as well as the description of the bonds. 3. Advances from Associated Companies should be reported separately for advances on notes, and advances on open accounts. Demand notes shall be designated as such. Names of associated companies from which advances were received shall be shown In col. (a). 4. In an insert schedule give explanatory particulars for accounts 223, and 224 of net changes during the year. With respect to long-term advances show for each company (a)principal advanced during year, (b) interest added to principal amount, and (C) principal repaid during year. Give Commission authorization case numbers and dates. If the respondent has pledged any of its long-term debt securities give particulars in a footnote, including name of the pledge and purpose of the pledge. 6. If the respondent has any long-term debt securities which have been nominally issued and are nominally outstanding at end of year, describe such securities in a footnote. 7. If interest expense was incurred during the year or any obligations retired or reacquired before end of year, include such interest expense In column (f). Explain any difference between the total of column (f) and the total of Account 427, Interest on Long-term Debt, and Account 43, Interest on Debt to Associated Companies. 8. Give particulars concerning any long-term debt authorized by the commission but not yet issued. INTEREST FOR YEAR HELD BY RESPONDENT Reacquired Redemption Class and Series of Date of Date of Bonds Sinking and Price per $1 Line Obligation Issue Maturity Outstanding Rate Amount (Acct. 222) Other Funds End of Year No. (a) (b) (C) (d) (e) (f) (g) (h) (I) I Bonds (Account 221) 2 3 See Supplemental Schedule B TOTALS $ 83,16 $ 37,33 13 Advances from Associated Companies (Account 223) TOTALS 17 Other Long Term Debt (Account 224) See Supplemental Schedule TOTALS 94,77 $,43-1-

77 Acaued Incurred Interest Acaued a/c #427 Paid (1) (k) (I) (m) 868 9,48 (1,87) 239 2,91 24,64 (26,49) (92) 32-2, , (37.61) t9 (114) (642) ,384 (1,46) (1,1) ,713 (1.844) (267) 3,43 (,398 SO - 12,839 (12,839) ici 3, (,218) 3,37,216 I Lekea Region Water Co., Inc Veer Ended December31, 21 Scfledule or Notes Payable, Accrued Interest, Interest Expense & Capitalized interest Principal Ortgieriat Dale of Balance Balance Amount Maturity AdditIon. ReductIons Rate (C) (d) (a) (I) (gli (Ii) (I) 318,81 612/ (61,678) 226,84 3.4% /2/ ,341 (27,26) 433,814.2%, 813/21 31, 12, - 43, VarIable 13, 6/2/229-13, (3,49) 126,41.% 71, , (92,664) 83,18 (,43) 7.89%,43 31,31 9/13/21 (7,248) 4, % (7,99) 21,22.9% 11,77 32,9 7/21/ / ,36 /26/216 31,771 8/ ,2 4/ ,12 (,134) 1,77.9% (8,166) 23, % (13,24) 3,416.71% 2,21 29,947 43,44 - (44,1) 94,7 138, ( ) , , (136,764) 924,91 CapitalIzed interest Net Expense Dale of issue (b) 6/24)214 6/24)214 8/24/214 7/2/21 9/13) /211 8/ /26/213 6/ /214 Obligation (a) CoBank ( Year note) CoBank (1 Year note) CoBank (line of oredit) CoBank (1 Veer note) Indian Mound Sub. Total (Sch F4) (BS Un. 13) N/P Ford Motor Credit. 211 Ford F3 XL NIP Ford Motor Credit.211 Ford F1 XL N/P Ford Motor Credil.213 Ford F2 Super NIP Ford Motor CredIt- 213 Ford F2 Super N/P Ford Motor CredIt- 214 Ford Ft N/P Cal FInancial Exavalor 214 Sub-Total (Sch F4) (8 Line 18) Total Long Term Debt (BS Un. 17) Total Note Payable (6 Line 232) Vendors Total Thu Schedule Total interest Expense (IS Line 27) Total Accrued int,rest ( BS LIne 24)

78 Annual Report of Lakes Region Water Co., inc. Year Ended December 31, 21 F-36 NOTES PAYABLE (Account 232) 1 Report the particulars indicated concerning notes payable at end of year. 2. Give particulars of collateral pledged, if any. 3. Furnish particulars for any formal or informal compensating balance agreements covering open lines of credit. 4. Any demand notes should be designated as such in (c).. Minor amounts may be grouped by classes, showing the number of such amounts. 6. Report in total, all other interest accrued and paid on notes discharged during the year. Outstanding at Interest Durlnn Year Line Payee and Interest Rate Date of Note Date of Maturity End of Year Accrued Paid No. (a) (b) (c) (d) (e) (f) None TOTALS -2-

79 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-37 PAYABLES TO ASSOCIATED COMPANIES (Accounts 233, 234) 1. Report particulars of notes and accounts payable to associated companies at end of year. 2. Provide separate totals for Accounts 233, Notes Payable to Associated Companies, and 234, Accounts Payable to Associated Companies 3. List each note separately and state the purpose for which issued. Show also in Column (a) date of note, maturity and interest rate. 4. Include in column (f) the amount of any interest expense during the year on notes or accounts that were paid before the end of the year.. If collateral has been pledged as security to the payment of any note or account, describe such collateral. Balance Beginning Totals for Year Balance Interest Line Payee and Interest Rate Of Year Debits Credits End of Year for Year No. (a) (b) (c) (d) (e) (f) 1 Accounts Payable to Associated Companies (Account 233) 2 NONE TOTALS 12 Notes Payable to Associated Companies (Account 234) 13 NONE TOTALS -3-

80 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-38 ACCRUED AND PREPAID TAXES (Accounts 236, 163) 1. This schedule is intended to give particulars of the combined prepaid and accrued tax accounts and to show the total taxes charged to operations and other accounts during the year. 2. Taxes paid during the year and charged direct to final accounts, that is, not charged to prepaid or accrued taxes, should be included in columns (c) and (d). The balancing of the schedule is not affected by the inclusion of these taxes. 3. Taxes charged during the year, column (d), include taxes charged to operations and other accounts through (i) accruals credited to taxes accrued, (ii) amounts credited to prepaid taxes for proportions of prepaid taxes chargeable to current year, and (iii) taxes paid and charged direct to operations of accounts other than accrued and prepaid tax accounts. 4. The aggregate of each kind of tax should be listed under the appropriate heading of Federal, State, and Local in such manner that the total tax for each can readily be ascertained.. If any tax covers more than one year, the required information of all columns should be shown separately for each year 6. Enter all adjustments of the accrued and prepaid tax accounts in column (f) and explain each adjustment Designate debit adjustments by parentheses. 7. Do not include in this schedule entries with respect to deferred income taxes or taxes collected through payroll deductions or otherwise pending transmittal of such taxes to the taxing authority. BALANCE BEGINNING OF YEAR - Taxes Taxes BALANCE END OF YEAR Tax Accrued Prepaid Taxes Charged Paid Taxes Accrued Prepald Taxes Line Type of Tax (Account 236) (Account 163) During Year DurIng Year Adjustments (Account 236) (Account 163) No. (a) (b) (C) (d) (e) (p (g) (h) I Payroll Taxes $ 1 $ 32,399 $ 32,619 (11) 2 NHBPT (6,873) 1,666 (1,87) 1,6 3 PROPERTYTAXES 11,727 4,76 2,88 13,3 4 Federal Income Taxes - (149) (1,49) TOTALS (6,768) $ 11,727 $ 92,222 $ 73,143 $ 1,48 $ 13,3-4-

81 Annual Report of Lakes RegIon Water Co., Inc. Year Ended December F-39 OTHER CURRENT AND ACCRUED LIABILITIES (Accounts ) 1. Give a description and the amount of the principal items arrived at the end of the year in each of the accounts listed below. 2. Minor items may be grouped by classes, showing the number of items in each group. Line Description Year End Balance No. (a) (b) I 2 N/A Matured long-term Debt (Account 239) 12 Matured Interest (Account 24) 13 NIA TOTAL 22 TOTAL 23 Misc. Current and Accrued Liabilities (Account 241) 24 N/A TOTAL -..

82 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F4 CUSTOMER ADVANCES FOR CONTRUTION (Account 2S2) 1. Report below balances at end of year and the particulars for customer advances for construction. 2. Minor items may be grouped. Balance - Line Description End of Year No. (a) (b) 2 N/A TOTAL F-41 OTHER DEFERRED CREDITS (ACCOUNT 23) 1. Report below the particulars called for concerning other deferred credits. 2. For any deferred credit being amortized show the period of amortization. 3. Minor items may be grouped by classes showing the number of items In each class. DEBITS Description of Other Balance Contra Balance Line Other Deferred Credits Beginning of Year Account Amount Credits End of Year No. (a) (b) (c) (d) (e) (f) 1 2 N/A TOTALS -6-

83 Annual Report of Lakes Region Water Co., Inc. Year Ended December F-42 ACCUMULATED DEFERRED INVESTMENT TAX CREDIT (Account 2) 1. Report as specified below information applicable to the balance in Account 2, and the transactions therein. Where appropriate, segregate the balances and transactions by utility and nonutility operations. Explain by footnote any correcting adjustments to the account balance, shown in column (g). Include in column (i) the weighted-average period over which the tax credits are amortized, 2. State below the option selected for the investment tax credit. (1) reduction of rate base, or (2) reduction of cost of service for rate purposes in accordance with section 46(f) of the Internal Revenue Code. Balance Allocations to Average period Account Beginning Deferred for Year Current Year s Income Balance Allocation Line Subdivisions Of Year Account No. Amount Account No. Amount Adjustments End of Year to Income No. (a) (b) (c) (d) (e) (f) (g) (h) (I) Water Utility N/A Total Water Utility Other: (list separately) Total Other Total -7-

84 Annual Report of Lakes Reaion Water Co. Inc. Year Ended December F-43 INVESTMENT TAX CREDITS GENERATED AND UTILIZED 1. Report below the information called for concerning investment tax credits generated and utilized by respondent. 2. As indicated in column (a), the schedule shall show each years activities from 1962 through the year covered by this report, and shall separately identify the data for 3 percent (3%), 4 percent (4%), 7 percent (7%), 1 percent (1%), 11 percent (11%) and percent (11 1/2%). 3. Report the amount of investment tax credits generated from properties acquired for use in utility operations and report the amount of such generated credits utilized in computing the annual income taxes. If there are nonutility operations, show any applicable generated and utilized investment tax credits in a footnote. Also explain by footnote any adjustments to Columns (b) through (fl such as for corrections etc., or carryback of unused credits. Such adjustments should be carried back or forward to the applicable years. 4. Show by footnote any unused credits available at end of each year for carry forward as a reduction of taxes in subsequent years. [e Year Credits Generated for Year Credits Utilized for Year Year Credits Generated for Year Credits Utilized for Year No. (a) (b) (C) (d) (e) (f) NIA % 3% 3 7% 4% % 3% 1% 6 4% 11% 7 7% 11 1/2% % 3% 1 4% 4% 11 7% 7% 12 1% 1% 13 11% 11% /2% 1 3% % 3% 17 7% 4% 18 1% 7% 19 11% 1% 2 11% /2% -8-

85 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-43 INVESTMENT TAX CREDITS GENERATED AND UTILIZED (Continued) I] Year Credits Generated for Year Credits Utilized for Year Year Credits Generated for Year Credits Utilized for Year No. (a) (b) (c) (d) (e) (I) N/A % 3% 22 4% 4% 23 7% 7% 24 1% 1% 2 11% 11% /2% 11 1)2% % 3% 29 4% 4% 3 7% 7% 31 1% 1% 32 11% 11% /2% 11 1/2% % 3% 36 7% 4% 37 1% 7% 38 11% 1% % 11% % -9-

86 Annual Report of Lakes Region Water Co.. Inc. Year Ended December 31, 21 F-44 OPERATING RESERVES (Accounts 261, 262, 263, 26) 1. Report below an analysis of the changes during the year for each of the reserves listed below. 2. Show title of reserve, account number, description of the general nature of the entry and the contra account debited or credited. Combine the amounts of monthly accounting entries of the same general nature. If respondent has more than one utility department, contra accounts debited or credited should indicate the utility department affected. 3. For Accounts 261, Property Insurance Reserve and 262, Injuries reserves. and Damages Reserve, explain the nature of the risks covered by the 4. For Account 26, Miscellaneous Operating Reserves report separately each reserve comprising the account and explain briefly its purpose. Balance at DEBITS CREDITS Balance at Beginning of Contra Contra of End Line Item Year Account Amount Account Amount Year No. (a) (b) (c) (d) (e) (f) (g) 1 Property Insurance Reserve (Account 261) 2 NONE TOTALS 8 Injuries and Damages Reserve (Account 262) 9 NONE TOTALS 1 Pensions and Benefits Reserve (Account 263) 16 NONE TOTALS 22 Miscellaneous Operating Reserves (Account 26) 23 NONE TOTALS -6-

87 Annual Report of Lakes Region Water Co., inc. Year Ended December 31, 21 F-4 ACCUMULATED DEFERRED INCOME TAXES (Accounts 281, 282, 281) 1. Report the information called for below concerning the respondent s accounting for deferred income taxes. 2. In the space provided furnish significant explanations, including tile following: (a) Accelerated Amortization- State for each certification number a brief description of property, total and amortizable cost of such property, date amortization for tax purposes commenced, normal depreciation rate used in computing deferred tax amounts. Tax rate used to originally defer amounts and the tax rate used during the current year to amortize previous deferrals. (b) Liberalized Depreciation- Stale the general method or methods of liberalized depreciation being used (sum-of-years digits, declining balance, etc.), estimated lives i.e. useful life, guideline life, guidelines class life, etc., and classes of plant to which each method is being applied and date method was adopted. Furnish a table showing for each year, 194 to date of this report the annual amount of tax deferrals, and with respect to each year s tax deferral, the total debits thereto which have NOT APPLICABLE Balance Beginning Amounts Debited Amounts Credited Line Account Subdivisions of Year to Account 41.1 to Account No. (a) (b) (c) (d) 1 Accelerated Amortization (Account 281) 2 Water. 3 Pollution Control 4 Defense Facilities Total Water 6 Other (Specify) 7 TOTALS 8 Liberalized Depreciation (Account 282) 9 Water 19,7 24,93 1 Other 11 TOTALS $ 19,7 $ 24,93 12 Other (Account 283) 13 Water 14 Other 1 TOTALS 16 Total (Accounts 281, 282, 283) 17 Water 19,7 24, Other (Specified) TOTALS 19,7 $ 24,93 (1) Identify those amounts applicable to property disposed of prior to the expiration of its useful service life, separately. (2) Section 169, internal Revenue Code of 194, property General basis of depreciation used by the company is as follows: a) SEC 179 (expense deduction) to maximum available in year of qualified equipment being placed in service. 1,) Liberalized depreciation under MACRS for all assets placed in service since

88 Annual Reøort of Lakes Realon Water Co.. Inc. Year Ended December 31, 21 F-4 ACCUMULATED DEFERRED INCOME TAXES (Accounts 281, 282, 283) - Continued been accounted for as credits to Accounts 411.1, Provisions for Deferred Income Taxes-Cr., Utility Operating Income and Provisions for Deferred Income Taxes-Cr., Other Income and Deductions, or comparable account of previous sys tem of accounts. Also explain the basis used to defer amounts for the latest year (straight-line tax rate to liberalized tax rate, etc.) Give references to the order or other action of the Commission authorizing or directing such accounting. (c) Other- Describe the amounts for which deferred tax accounting in the classification In being followed by the respondent and the basis therefor, and give reference to the order or other action of the Commission authorizing or directing such accounting. (d) Other (Specify)- Include deferred taxes relating to Other Income and Deductions at lines 6, 1, 14 and 18 as appropriate. CHANGES DURING YEAR ADJUSTMENTS Deblt Credlt Amount Debited Amount Credited Credit Debit Balance to Account 41.2 to Account Account No. Amount Account No. Amount End of Year Lini (e) (f) (g) (h) (I) (J) (k) No...._w 7. $ , $ 214, Accumulated deferred income tax balance was accumulated as follows: Liberalized Depreciation Year Debits Credits $ 6,9 $ 3,4 7,64 6,6 3,91 8,34 3,4 2, ,736 9,24 13,822 1,439 1,436 1,493, ,93 Balance 6,9 9, ,87 27,78 36, ,79 79,814 93,636 14,7 1, ,11 1, ,11 1,11 116,4 171,289 19,7 214,

89 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-46 CONTRIBUTIONS IN AID OF CONSTRUCTION (Account 271) 1. Report below an analysis of the changes during the year for the respondents contribution in aid of construction. 2. Detail contributions received during year from main extension charges and customer connection charges; developers or contractors agreements in supplementary schedules F-46.2 and F Detail changes in a footnote. Line Item Amount No. (a) (b) I Balance beginning of year (Account 271) $ 87,878 2 Credits during year 3 Contributions received from Main Extension and Customer Charges (Sch. F-46.2) 4 Contributions received from Developer or Contractor Agreements (Sch. F-46.3) Total Credits $ - 6 Charges during year 7 Balance end of year (Account 271) $ 87,878 F-46.1 ACCUMULATED AMORTIZATION OF C.I.A.C. (Account 272) 1. Report below the information called for concerning accumulated provision for amortization of contribution in aid of construction at end of year and changes during the year. 2. Explain any important adjustments during the year. Urn Item Amount No. (a) (b) I Balance beginning of year $ 249,33 2 Amortization provision for year, credited to 3 (4) Amortization of Contribution in Aid of Construction 17,48 4 Credit for plant retirement Other (debit) or credit terms Balance end of year $ 266,31-64-

90 Annual Report of Lakes Reqion Water Co.. Inc. Year Ended December F-46.2 ADDITIONS TO CONTRIBUTIONS IN AID OF CONSTRUCTION FROM MAIN EXTENSTION CHARGES AND CUSTOMER CONNECTIONS CHARGES RECEIVED DURING THE YEAR I Report as specified below information applicable to credits added to Contributions in Aid of Construction received from main extension charges and customer connection charges. 2 Total Credits amount reported on line 14 should agree with Schedule F-46, line Number of Charge per Line Description Connections Connection Amount No. (a) (b) (C) (d) None Total Credits from main extension charges and customer connection charges $ -6-

91 Lakes Region Water Co. Inc. F-46 Contributions in Aid of Construction- 21 For the year ending December CIAC Sch 46.3 CIAC Amortization Amortization Amort. Balance Redistibution Contractors Balance Balance Acct. 4 Balance Division Class of Property Rate 12/31/214 of W I P Developers Retirement 12131/ /214 Amortization Retirements 12/31/21 1 FEH Mains 2.% PS Mains 2.% 1,166 1,166 14, PS Mains 2.% 3, 3, : 1,41 6-1,47 2 PS Mains 2.% 3, 3, 1,3 6-1,41 2 PS Mains 2.% 2,4 24 1,26 6-1,32 2 PS ervices 3.33% 17, , ,64 PS ervices 2.% PS eter.% ,49 1, PS Tank 2.22% 21, 21, 3,33 4,667-3,2 PS ains 2.% 9, 9, 11,7 1,8-13, PS H drants 2.% 8,974,974 1, ,343 3 WP ains 2.% VVVG Mains 2.% WVG Mains V Mains , , V Mains 2. 1,2 1, V Mains V Mains 2.% HV Services 2. 1,716 1,716 1,486 7 HV Mains HV Mains 2.% 1,697 1,697 1,731 (34) 1,697 4,843 6 WC ains 2.,712,712 4, WC ains 2. 1,373 1, WC ains WC ains 2.%,, BH Mains 2. 68,2 68,2, , BH ervices ,9 9, BH ains (214) 2. 1,889 1, ,26 12 TWW ains 2.% 249,26 249,26 62,276 (1,648) 4,984 - (1,648) 13 17E ains 2.% E ains 2.% 1,943 1,943 8, GG ains (214) 2.% 1,89 1, ounding Total , ,33 17,48-266,31 Z:Normlrw21Exel Fi?esAnnual Report\LRWC 21 F46_CIAC

92 Annual Report of Lakes Region Water Co., Inc. Year Ended December F46.3 ADDITIONS TO CONTRIBUTIONS IN AID OF CONSTRUCTION RECEIVED FROM ALL DEVELOPERS OR CONTRACTORS AGREEMENTS FROM WHICH CASH OR PROPERTY WAS RECEIVED DURING THE YEAR Cash or Line Description Property Amount No. (a) (b) (d) None Total Credits from all developers or contractors agreements from which cash or property was received $ -66-

93 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F46.4 AMORTIZATION OF CONTRIBUTION IN AID OF CONSTRUCTION (Account 4) 1. Report below the particulars concerning the amortization of contribution in aid of construction received from developer or contractor agreements and from main extension and customer charges. 2. Indicate basis upon which the total credit for the year was derived, straight line rate and the computed amount for each class of property. 3. Total annual amortization credit for contribution in aid of construction should agree with schedule F-46.1 line 3 Amortization provision for year, charged to Account 4, Amortization of Contribution in aid of Construction. Line Class of Property Cost Basis Rate Amount No. (a) (b) (c) (d) 1 See Supplemental Schedule TOTALS $ 87,878 $ 17,48-67-

94 (a) 46,36 Annual Report of Lakes Region Water Co.. Inc. Year Ended December F47 OPERATING REVENUES (Accounts 4) 1. Report below the amount of operating revenue for the year for each prescribed account and the amount of increase or decrease over the preceding year. 2. If increases and decreases are not derived from previously reported figures explain any inconsistencies. 3. Number of customers should be reported on the basis of number of meters, plus number of flat rate accounts, except that where separate meter readings are added for billing purposes, one customer shall be counted for each group of meters so added. The average number of customers means the average of the 12 figures at the close of each month. 4. Total Water Operating Revenues, line 14 should agree with schedule F-2, Income Statement, line 1. Linel Account NUMBER OF THOUSAND AVG NO. OF CUSTOMERS No.I (a) OPERATiNG REVENUES GALLONS SOLD PER MONTH Increase or increase or Increase or Amount Amount Decrease Amount Decrease Number Decrease for for from for from for from Line Account PrecedIng Year Year Preceding Year Year Preceding Year (b) (c) (d) (e) (f) (g) No. - SALES OF WATER 46 Unmetered Sales to General Customers 461 Metered Sales to General Customers 462 Fire Protection Revenue 466 Sales for Resale 467 Total Sales of Water Interdepartmental Sales OTHER OPERATING REVENUES 47 Forfeited Discounts 471 Miscellaneous Service Revenues 472 Rents from Water Property 473 Interdepartmental Rents 474 Other Water Revenues 11,728 34, $ 371,4 $ 369,1 $ 2,349 $ 868,99 $ 81,14 $ Total Other Operating Revenues 4 Total Water Operating Revenues (632) 1,76 18 (474) 1,668 1 S 124,494 $ 1,179,669 $ 6,82 - (94) 6,438,493 39,983 (12,637) 2, (7R $ 46,62 $ 136,341 $ (89,689 1,27,146 $ 1,31b,O1U $ (284) BILLING ROUTiNE Report the following information in days for Accounts 46 and 461: The period for which bills are rendered Quarterty.. 2. The period between the date meters are read and the date customers are billed days 3. The period between the billing date and the date on which discounts are forfeited _NotAppcbIe -68-

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96 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-48 OPERATION AND MAINTENANCE EXPENSE (Accounts 41) 1. Enter in the space provided the operation and maintenance expenses for the year. 2. If two or more water systems are operated, the statement of operation and maintenance accounts should be subdivided to show separately the expense of each such system in cols. (d) (e) (f). 3. If the increases are not derived from previously reported figures explain in footnotes. Increase or Total Amount Total Amount Decrease From Line Account for 21 for 214 PrecedIng Year (a) (b) (c) (d) (e) (f) 1 1. SOURCE OF SUPPLY 2 Operations 3 6 Operation Supervision and Engineering 4 61 Operation Labor and Expenses 17,12 22,646 (,134) 62PurchasedWater - 1,2 (1,2) Maintenance 61 Maintenance Supervision and Engineering (22,648) (2) $ Maintenance of Structures and Improvements Maintenance of Collecting and Impounding Reservoirs Maintenance of Lake, River and Other Intakes Maintenance of Wells and Springs 1 61 Maintenance of Infiltration Galleries and Tunnels Maintenance of Supply Mains 617 Maintenance of Miscellaneous Water Source Plant - 19 TotalSourceofSupply $ 3,237 $ 9,19 $ (29,282) 2 2. PUMPING EXPENSES 21 OperatIons Operation Supervision and Engineering Fuel for Power Production Power Production Labor and Expenses Fuel or Power Purchased for Pumping $ 72,272 $ 7,4 (3,273) Pumping Labor and Expenses Expenses Transferred-Credit Miscellaneous Expenses Rents 3 Total Operations $ 72,272 $ 7,4 $ (3,273) -7-

97 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-48 OPERATION AND MAINTENANCE EXPENSE (Accounts 41) - Continued Increase or Total Amount Total Amount Decrease From Line Account for 21 for 214 Preceding Year (a) (b) (c) (d) (e) (f) PUMPING EXPENSES (Cont d) 32 Maintenance Maintenance Supervision and Engineering Maintenance of Structures and Improvements Maintenance of Power Production Equipment Maintenance of Pumping Equipment 37 Total Maintenance $ - $. $ WATER TREATMENT 3. EXPENSES (3,273) 4 Operations Operation Supervision and Engineering 644 Rents Total Operation Maintenance 6 Operation Engineering Supervision and 22,31 29,78 (837) (6,611) $ Maintenance of Structures and Improvements 62 Maintenance of Water Treatment Equipment 1 Total Maintenance $ - $ - $ 2 Total Water Treatment Expenses $ 22,31 $ 29,78 $ (7,448) 3 4.TRANSMISSION AND DISTRIBUTION EXPENSES 4 Operation 66 Operation Supervision and Engineering Storage Facilities Expenses Transmission & Distribution Lines Expenses 14, ,664 (1,27) Meter Expenses Customer Installations Expenses 6 66 Miscellaneous Expenses -71-

98 Annual Report of Lakes Region Water Co., Inc. Year Ended December31 21 F-48 OPERATION AND MAINTENANCE EXPENSE (Accounts 41) - Continued Increase or Total Amount Total Amount Decrease From Line Account for 21 for 214 PrecedIng Year No. (a) (b) (C) (d) (e) (f) 63 TRANSMISSION & DISTRIBUTION EXPENSES (Cont d) 64 Operations Rents 66 Total Operations $ 14,389 $ 164,664 $ (1,27 67 Maintenance Maintenance Supervision and Engineering Maintenance of Structures and Improvements Maintenance of Distribution Reservoirs and Stand pipes Maintenance of Transmission and Distribution Mains Maintenance of Fire Mains Maintenance of Services Maintenance of Meters Maintenance of Hydrants Maintenance of Miscellaneous Equipment 77 Total Maintenance - - $ 78 Total Transmission and Distribution Expenses $ 14,389 $ 164,664 $ (1, CUSTOMER ACCOUNTS EXPENSES 8 OperatIon Supervision Meter Reading Expenses 1,6 2,919 (1913) Customer Records and Collection Expenses Uncollectible Accounts 11,713 18,76 (6.363) 8 9 Miscellaneous Customer Accounts Expenses 1,1,62 (3,97) 86 Total CustomerAccounts Expenses $ 27,824 $ 49,7 $ (21,233) Sales Expenses 88 OperatIons 89 I 91 Sales Expenses $ -72-

99 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F48 OPERATION AND MAINTENANCE EXPENSE (Accounts 41) - Continued Increase or Line Account for 21 for 214 Preceding Year Total Amount Total Amount Decrease From 7. ADMINISTRATIVE AND GENERAL EXPENSES Operations 92 AdminIstrative and General Salaries 921 Office Supplies and Other Expenses $ S 24,192 $ 4,626 No. (a) (b) (C) (d) (e) (f) Administrative Expenses Transferred-Cr Outside Services Employed 7,834 4, Property Insurance 37,131,94 (18,463) 1 92 Injuries and Damages Employee Pension and Benefits 8,37 6,82 1, Franchise Requirements Regulatory Commission Expenses 4,331 98,374 (94,43) Duplicate Charges Cr Miscellaneous General Expenses 118,828 8,441 33, General Rents 17 Total Operation 76,312 $ 96,33 $ (2,41) 18 Maintenance 19 9 Maintenance of General Plant 11 Total Administrative and General Expenses $ 76,312 $ 96,33 $ (2,41) 111 Total Operation and Maintenance Expenses $ 883,344 $ 974,896 $ (91,2 SUMMARY OF OPERATION AND MAIN1ENANCE EXPENSES Functional Classification Operation Maintenance Total (a) (b) (c) 112 SourceofSupplyExpenses $ 3,237 $ 3, Pumping Expenses 72,272 72, Water Treatment Expense 22,31 22, Customer Accounts Expenses 27,824 27, Sales Expenses 11 Transmission and Distribution Expenses 1 4,389 14, Administrative and General Expenses 76,312 76, Total $ 883,344 $ 883,

100 Lakes Region Water Company, Inc. Explanation of Changes with Increases / (Decreases) of greater than 1% For the Year Ending December Percentage Dollar Increase (Decrease) Increase (Decrease) Operating Re 2 F-47 A - 1- Line 9 Miscellaneous Service Revenues -24.2% $ (12,638) Total Misc. Service Revenue (12,638) Maintenance on customer property Acct #4 (7,147) Sales to Outside Contractor Acct# 41 (6,336) 2 - Line 12 Other Water Revenue -9848% $ (76,17) The Rate Case Surcharge end 12/31/14 (7617) Operation & Maintenance Expense (line 111) B - F-48 found in accounts #61, 642, 662, 92, 92 Wages 1 - Distribution of wages are listed below as it may be used in an explanation of another account in this report Acct # 17,12 22,646 61,377 6,214 9,278,488 1,6 2, ,817 24, ,99 39,47 92 Total 144% $ 37,33 Increase of 8.9% or $32K attributed to 1 employee having 1/3 of year service in 214 and full year service in 21. Balance of change due to normal overtime and wage increases. Tests and Materials # % $ (6,611) Water 3 - Materials decreased by (9K) due to various treatment changes originating in 214 that required less media changes during 21. A number of Water Tests are performed on a cycle basis, 21 required additional tests not required to be performed in 214. Many of tests conducted in 21 were more costrly accounting for an increase of 2K. Accounts #94-3 2% $ (6,363) Uncollectible 7 - The decrease in Bad Debts of $6,363 is mainly attributed to the company cleaning up its bad debts balance in 214. The amount written off in 214 was unusually high, The 21 wnte off was more in line to a normal write off Services Line 98 Acct # % $ 11,934 Outside had a one time decrease of ($39,177) from accounting vendors which translates into an increase between 214 and 21 of $39,177. During the year 21 LRWC experienced decreases in accounting services of ($1,878); decreases in computer support of ($1,443) and decrease in general legal of ($23,922)

101 Lakes Region Water Company, Inc. Explanation of Changes with Increases I (Decreases) of greater than 1% For the Year Ending December 31, 21 Percentage Dollar Increase (Decrease) Increase (Decrease) 8 - Insurance - Line 99 - # % $ (18,461) Decrease attributed to switching to insurance carrier specializing in Water Utilities resulting in a premium reduction. 7 - Regulatory Expenses Acct #928 Line 13 Rate Case Expense -ioo % $ (77389) Decrease attributed to the end of the rate case surcharge in Regulatory Commission Expense Acct. # % During 214 LRWC wrote off various Deferred Rate related $ (16,64) expenses found not to be viable for a rate surcharge 7 Miscellaneous General Expenses Acct. # % $ 33,386 Materials $24,111 Contracted services 6,32 Heat / Electricity 2,3 Memberships 37 Telephone 7,624 Office expenses (3,31) Bank charges (4,313) Total $33,386 Material increase of $24,111 is due to company reclasifing materials under $1 into its administrative expenses. Contracted services increase of $6,32 due to increased lanscaping services Heat! Electricity increase of $2,3 due to increase usage and misc repairs Telephone $ of the telephone increase was due to a disputed data charge, which the company was unable to settle. Office Expenses decreased by ($3,3) Bank Service Charges Bank Service Charges decreased due to reduction of service charges associated with 214 Debt refinancing with Co-Bank 8-Property Taxes Acct. # % $ 7,19 Increase in property taxes attributed to a recent appraisal of the Moultonborough System Property Taxes just in the township of Moultonborough increased by approximately $6, in 21. -Interest Income Acct# 419 Increase in Interest Income attributed to dividend distribution from Co-Bank 1.% $ 4,196 -Interest Expense Acct# 427 Decrease in Interest expense attributed to reduced vendor interest charges % $ (8,33) 1 Contracted Services Property Acct

102 Lakes Region Water Company, Inc Explanation of Changes with Increases / (Decreases) of greater than 1% For the Year Ending December 31, 21 Percentage Dollar Increase (Decrease) Increase (Decrease) Contract Services found in Accts 63, 662, 92, 93 Contract services are summarized below Acct# , ,837, , ,62 Total 38,12 1, % Contracted services employed by Lakes Region decreased during 21 The decrease is primarily do to the reduction of maintenance I repairs necessary during 21. Dollar changes similar to this to this are not uncommon. L4j

103 Annual Rei,ort of Lakes Reqion Water Co.. Inc. Year Ended December F-49 AMORTIZATION OF UTILITY PLANT ACQUISITION ADJUSTMENT (Account 46) AMORTIZATION EXPENSE-OTHER (Account 47) 1 Report below the particulars concerning the amortization of utility plant acquisition adjustment and other amortization debits or credits which relate to utility operations and are not provided for elsewhere. 2. Indicate cost basis upon which debiticredit amortization amount was derived. 3. Total amortization amount for accounts 46 and 47 should agree with schedule F-2, line 6 and 7 respectively and applicable balance sheet account schedules. C1 Item Basis Rate Amount No. (a) (b) (c) (d) Amortization of Utility Plant Acquisition Adjustment Account 46 wcipc WG ELW DR TWW HV 17 Deer Cove Lake Ossipee Village Indian Mound Gunstock Glen NONE NONE NONE TOTAL AMORTIZATION EXPENSE-OTHER Amortization of Limited Term Plant-Account 47.1 TOTAL Amortization of Property Losses-Account 47.2 TOTAL Amortization of Other Utility Charges-Account 47.3 TOTAL TOTAL-Account 47 $ (36693) 2.% $ (723) (6,232) 2.% (13) (6,866) 2.% (1,137) % 36 (38,16) 2.% (763) (172).% (9) (1,427).% (71) 8.% 4 (39,492) 2.%1. / (847) 3,913.% 196 (21,771).% (189) $ (24,21 $ (,78) -74-

104 Annual Report at Lakes Region Water Co., Inc. Year Ended December 31, 21 F- TAXES CHARGED DURING YEAR (Accounts 48 and 49) 1. This schedule is intended to give the account distribution of total taxes charged to operations and other final accounts during the year. 2. The aggregate of each kind of tax should be listed under the appropriate heading of Federal, State, and Local. 3. The accounts to which taxes charged were distributed should be shown in columns (c) to (g). 4. For any tax which it was necessary to apportion to more than one account, state in a footnote the basis of apportioning such tax.. The total taxes charged as shown in column (b) should agree with amounts shown by column (d) of schedule F-38 entitled Accrued and Prepaid Taxes. 6. Do not indude in this schedule entries with respect to deferred income taxes, or taxes collected through payroll deductions or otherwise pending transmittal of such taxes to the taxing authority. DISTRIBUTION OF TAXES CHARGED Operating Income Other Income Extraordinary Total Taxes Taxes Other Than Operating Income Taxes Other Other Income Items Charged During Income Income Taxes Than Income Income Taxes Income Taxes Line Class of Tax Year (Account 48.1 (Account 49.1) (Account 48.2) (Account 49.2) (Account 49.3) No. (a) (b) (c) (d) () (f) (g) 1 FEDERAL 2 Payroll Taxes 32,399 32,399 3 Income (1,49) (149) STATE 9 Business ,666 1 Property 19,468 19, LOCAL 17 Property , TOTALS 92,222 $ 87,1 $ 23,117 Total Deferred Income Taxes (See Sch. F-4) Total Income Taxes (See Sch. F-2)

105 Annual Report of Lakes O.in Water Co.. Inc. Year Ended December 31, 21 F-1 INCOME FROM UTILITY PLANT LEASED TO OTHERS (Account 413) 2. For each lease show: (1) name of lessee and description and location of the leased property; (2) revenues; (3) operating expenses classified as to operation, depreciation Report below the revenues, expenses and income for year from lease to others of utility property constituting a distinct operating unit or system. and amortization, and (4) income from lease for year. 3. If the property is leased on a basis other than that of a fixed annual rental, give particulars of the method of determining the annual rental. 4. Designate associated companies. Total Income Name of Lessee Operation Depreciation Amortization Operating from Lease Line Description and Location Revenues Expenses Expenses Expenses Expenses Account No. (a) (b) (c) (d) (e) (f) (g) 2 NONE B $ -$ -s -$ -s -76-

106 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-2 GAINS OR LOSSES ON DISPOSITION OF UTILITY PROPERTY (Account 414) the date transaction was completed. Identify property by type; Leased or Held for Future Use. 1. Give a brief description of property creating the gain or loss. Include name of party acquiring the property (when acquired by another utility or associated company) arid following the item in column (a). (See Account 14, Utility Plant Purchased or Sold). 2. Give the date of Commission approval of journal entries in column (b), when approval is required. Where approval is required but has not been received, give explanation Date Journal Amount Original Cost of Entry Approved Charged to Line Description of Property Related Property (When Required) Account 414 I Gain on disposition of property: No. (a) (b) (c) (d) 2 None Total Gain 13 Loss on disposition of property: 14 None Total Loss.., $ 2 NET GAIN OR LOSS $.77.

107 Report by utility departments the revenues, costs, expenses, and net income from merchandising, jobbing and contract work Annual Reøort of Lakes Renlon Water Co.. Inc. Year Ended December 31, 21 F-3 1NCOM FROM MERCHANDISING, JOBBING, AND CONTRACT WORK (Accounts 41 and 416) during year. Report also the applicable taxes included in Accounts 48 and 49 and income after such taxes. Give the basis of any allocation of expenses between utility and merchandising, jobbing and contract work activities. Water Line Item Department Total No. (a) (b) (c) (d) (e) Revenues: Merchandising sales, less discounts, allowances and returns Contract work Commissions Other (list major classes) Total Revenues (Account 41) Costs and Expenses: Cost of Sales (list major classes of cost) Sales Expenses Customer accounts expenses Administrative and general expenses Depreciation Total Costs and Expenses (Accounts 416) Net Income (before taxes) Taxes: (Accounts 48, 49) Federal State Total Taxes Net Income (after taxes) None $ $ $ $ $ $ -78-

108 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-4 OTHER INCOME AND DEDUCTION ACCOUNTS ANALYSIS (Accounts 419, 421, and 426) 1 Report in thi schedule the information specified in the instructions below for the respective other income and deductions accounts 2. Interest and Dividend income (Account 419). Report interest and dividend income, before taxes, identified as to the asset account or group of accounts in which are included the assets from which the interest or dividend income was derived. Income derived from investments, Accounts 123, 124, 12 and 13 may be shown in total. Income from sinking and other funds should be identified with related special funds. 3. Noriutility Income (Account 421). Describe each nonutility operation and indicate the gross income earned from each. Indicate the net gain on any sale received of nonutility property. 4. Miscellaneous Nonutility Expenses (426). Report the nature, payee, and amount of miscellaneous nonutility expenses. Line Item Amount No. (a) (b) 1 interest and Dividend Income (Account 419) 2 3 CoBank Patronage Dividends Total $ 4, Nonutility Income (Account 421) 14 1 None Total $ 2 Miscellaneous Nonutility Expenses (Account 426) Amortization of Equity Financing Costs 29 Donations 2, Total 1,841 3,

109 Annual ReDort of Lakes Reaion Water Co.. Inc. Year Ended December 31, 21 F- EXTRAORDINARY ITEMS (Accounts 433 and 434) 1, Give below a brief description of each item included in accounts 433, Extraordinary Income and 434, Extraordinary Deduc tions. 2. Give reference to Commission approval, including date of approval for extraordinary treatment of any item. 3. Income Tax effects relating to each extraordinary item should be listed Column (c). Gross Related Line Description of Items Amount Federal Tax No. (a) (b) (C) I Extraordinary Income 2 3 NONE TOTALS 16 Extraordinary Deductions (Account 434) 17 NONE TOTALS 31 Net Extraordinary Items -8-

110 Annual Report of Lakes Reqion Water Co.. Inc. Year Ended December 31, 21 F-6 RECONCILIATION OF REPORTED NET INCOME WITH TAXABLE INCOME FOR FEDERAL INCOME TAXES 1. Report hereunder a reconciliation of reported net income for the year with taxable income used in computing Federal income tax accruals and show computations of such tax accruals. The reconciliation shall be submitted even though there is no taxable income for the year. Descriptions should clearly indicate the nature of each reconciling amount. 2. If the utility is a member of group which files a consolidated Federal tax return, reconcile reported net income with taxable net income as if a separate return were to be filed, indicating however, intercompany amounts to be eliminated in such consoli dated return. State names of group members, tax assigned to each group member, and basis of allocation, assignment, or sharing of the consolidated tax among group members. Line Particulars Amount No. (a) (b) I Net income for the year per Income Statement, schedule F-2 $ Income taxes per Income Statement, schedule F-2 and account 439, Adjustments to Retained Earnings. (1.49) 3 Other Reconciling amounts (list first additional income and unallowable deductions, followed by additional deductions and nontaxable income): 4 Federal Income Tax Expensess recorded on books this year not deducted: 6 Regulatory Expenses - Rate Case Expenditures 7 Depreciation S Additional Income Taxes - 9 Membership - Political 1 Deductions on return not charged against book income: Deferred 24, Depreciation (19,894) Additions on Return not in 21 Book Income: 14 Various PUG audit adjustments 2,14 1 Rounding Federal taxable net 26 Computation of tax: 27 $,x1% 28 $2,x2% 29 $2, x 34% 3 $89,427 x 39% 31 Gross Federal Tax 32 Less: General Business Credit for Small Employer Health Insurance $ 37 Net Federal Tax -81-

111 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-7 DONATIONS AND GIFTS Report for each donation and gift given, the name of recipient, purpose of transaction, account number charged and amount. Account No. Amount of Line Name of Recipient Purpose Charged Payment No. (a) (b) (c) (d) 2 Stephen Gibbons Medical Relief Fund Donation Make Music, Inc. Donation 426 1,48 6 N. H. Troopers Association Donation Cornerstone Christian Academy Donation Total $

112 Annual Report of Lakes Region Water Co., Inc. Year Ended December 31, 21 F-8 DISTRIBUTION OF SALARIES AND WAGES Report below the distribution of total salaries and wages for the year. Segregate amounts originally charged to clearing account to Utility Departments, Construction, Plant Removals, and Other Accounts and enter such amounts in the appropriate lines and columns provided. In determining this segregation of salaries and wages originally charged to clearing accounts a method of approximation giving substantially correct results may be used. Allocation of Direct Payroll Payroll Charged to Line Classification Distribution Clearing Accounts Total No. (a) (b) (c) (d) 1 Operation 2 SourceofSupply $ 17,12 $ 17,12 3 Pumping 4 Water Treatment, Transmission and Distribution 9,278 9,278 6 Customer Accounts 1,6 1,6 8 Administration and General 299, ,818 9 Total Operation $ 396,991 $ 396,991 1 Maintenance 11 Source of Supply 12 Pumping 13 Water Treatment 14 Transmission and Distribution 1 Administrative and General 16 Total Maintenance 17 Total Operation and Maintenance $ 396,991 $ 396, Source of supply (Lines 2 and 11) 17,12 17,12 19 Pumping (Lines 3 and 12) 2 Water Treatment Lines 4 and 13).377, Transmission and Distribution (Lines & 14) 927 9, Customer Accounts (Line 6) 1,6 1,6 23 Sales (Line 7) 24 Administrative and General (Lines 8 and 1) 299, ,818 2 Total Operation and Maintenance (Lines 18-24) $ 396,991 $ 396, UtIlity Plant 27 Construction (by utility departments) $3,669 $ 3, Plant Removal (by utility departments) 29 Other Accounts (Specify) Total Other Accounts 38 Total Salaries and Wages $ 4,66 $ 4,66-83-

113 Annual Report or Lakes Region Water Co., Inc. _Year ended December 31, 21 S-I REVENUE BY RATES customer, and average revenue per thousand gallons sold 1 Report below for each rate schedule in effect during the year, the thousand gallons sold, revenue, average number of cuslumurs, average thousand gallons of sales per any rate schedule are classified in more than one revenue account, list the rate schedule and sales data under each applicable revenue account subheading. 2. Provide a subheading and total for each prescribed operating revenue account in the sequence followed in schedule F-47 Water Operating Revenues. If the sales under should denote the duplication in number of reported customers. 3. Where the same customers are served under more than one rate schedule in the same revenue account classification, the entries in column (d) for the special schedule 4. Number of customers should be reported on the basis of number of meters, plus number of flat rate accounts, except that where separate meter readings are added for close of each month. billing purposes, one customer shall be counted for each group of meters so added. The average number of customers means the average of the twelve figures at the Thousands Average Thousand Revenue per Gallons Number of Gals. Sales Thousand Line Number and Title of Rate Schedule Sold Revenue Customers per Customer Gals. Sold 1 Rate Schedule # No. (a) (b) (c) (d) (a) (f) 2 Waterville Valley Gateway (Swimming Pool) (#4) 1,448 3 TamworthWaterWorks(#12) 2,72 63, Estates (#13) 6 27, Deer Cove (#14) 1, LOV(#1) 3,16 14, Indian Mound (#16) 3,9 68, Gunstock Glen (#17) 1,16 33, Totals, Account 46 Unmetered Sales to General Customers 11, , Rate Schedule # 13 Far Echo Harbor (#1) 92 48, Paradise Shores (#2) 6,939 24, West Point (#3) , Waterville Valley Gateway (#4) 2,223, Wentworlh Cove (#6) , PendeltonCove(#7) 1,778 46, Hidden Valley (#) 1,773 7, Deer Run (#8) 1,261 37, Echo Lake Woods (#1) 1,216 29, Brake Hill (#11) 1,83 3, Swissvale(Special Contract #2) 12,33 194, , Woodland Grove (#9) 2,349 1, Totals, Account 461 Metered Sales to General Customers 34, ,99 1, Totals, Account 462 Fire Protection Revenue 29 Totals. Account 466 Sales for Resale 3 Totals, Account 467 Interdepartmental Sales TOTALS (Account ) 46,36 1,24,494 1,

114 - 8 Annual Report of Lakes Rgon Water Co., Inc. Year Ended December S-2 WATER PRODUCED AND PURCHASED Total Water WATER PURCHASED (in 1 gais. - Produced and Produced Name of Seller: Name of Seller: Name of Seller Name of Seller: Purchased Total Jan 7, (in 1 gals.) (in 1 gals.) - Feb 6,131 6,131 Mar 7,649 7,649 Apr 8,34 May 9,6 9,6 Jun 7,221 7,221 Jul 1, Aug 8,3 8,3 Sep 8,86 8,86 Oct Nov 7, Dec 7,439. 7,439 TOTAL Date: Max. day flow (in 1 gals.) FACE SUPPLIES, SPRINGS, OTHE 116 Protective Installed Drainage Area Land Owned Safe Yield Production NameIl.D. Type EIev. (sq. ml). (acres) Treatment* (GPD) Capacity (GPO) NOT APPLICABLE Chlorination, Filtration, ChemicalAddition, Qther -

115 Annual Reoort of Lakes Reaion Water Co., Inc. S- WELLS Treatment Hidden Valley (Blue> Drilled 66 Prior Hidden Valley (Orange) Drilled 66 Prior Total 96,3, Year Ended December 31, 21 S-4 WATER TREATMENT FACILITIES Year Rated Clearwell Total Production 1 Name/ID. Type Constructed Capacity (MGD) Capacity For Year (in 1 gals.) Far Echo Harbor Ultra Violet Light gpm If Separate Installed HP of Total Production Year From Pump Sate Yield Capacity Submersible For Year Name/ID. Type Depth(ft.) Installed_ Station (gpm) (gpm) Pump (gals.) Far Echo Harbor Drilled 93 Prior Chemical Far Echo Harbor 3/4 Booster Dug 2 Prior 197 Chemical 2 3 3/4 Booster 2,949 Paradise Shores #6 Drilled Chemical 1 7 Paradise Shores #3 Drilled Chemical 8 Paradise Shores #4 Drilled Chemical 3 3 Paradise Shores # Drilled Chemical 4 Paradise Shores #7 Drilled Chemical 1 7 Paradise Shores #9 Drilled Paradise Shores #1 Drilled PS Mt. Roberts #2 Drilled None PS Mt. Roberts #3 Drilled 214 None PS Mt. Roberts #4 Drilled 214 None ,773 West Point #2 Drilled Chemical 7 3 WestPoint#3 Drilled Chemical ,227, Waterville Valley Gateway Drilled unknown Prior 198 Chemical 3 Waterville Valley Gateway Drilled 1 Prior ,181, Hidden Valley Drilled unknown Hidden Valley Drilled 1 26 None ,913, Wentworth Cove Drilled 68 Prior 197 Chemical ,433, Pendelton Cove Drilled 2 Prior 197 Chemical _3 2,44, eer Run -2 wells Drilled unknown Prior unknown 2 1,632, oodland Grove Drilled 7 Prior Chemical 2 oodland Grove Drilled Chemical 2,86, ho Lake Woods Drilled 7 Prior 197 Chemical 1 ho Lake Woods Drilled 7 Prior 197 Chemical 1 2,963, ke Hill Drilled 19 Prior 1978 Chemical 4 e Hill Drilled Chemical 2 6 3,439, T worth Drilled Chemical 4 I Estates Drilled None 2 unknown 4417, 17 Estates Drilled None unknown 4 1 1,98 Deer Cove Gravel PK 198 Chemical 6 Deer Cove Gravel PK unknown Chemical 6 12 unknown 1,9, LOV Gravel PK 1971 Chemical unknown LOV Gravel PK 1972 Chemical unknown LOV Gravel PK 1978 Chemical 24 unknown 1,718, ndian Mound Driven 3 unknown None 1 ndian Mound Gravel P1< 27 None 32 unknown 2 11,37, Gunstock Driven 364 unknown None 17 2,21, Dug, Driven, Gravel-Packed, Bedrock Chlorination, Filtration, Chemical Addition, Other

116 6,181. Annual l.,akes Region Water Co., Inc. Year Ended December 31,21 S-6 PUMP STATIONS (List pumps where motive power is other than electric, e g., natural gas, diesel or hydro, on separate lines even if in same pump station, and state type of motive power) Total Total Total Total HP of Installed Pumpage Atmospheric Pressure Number of Largest Capacity For Year Storage Storage Type of Namell.D. Area Served Pum_ Pump (gpm) (gals.) (gals.) (gals.) Treatment Far Echo Harbor Moultonboro 2 3/4 Booster , 1, Chemical Paradise Shores Moultonboro ,773, 1 36, West Point Moultonboro ,227 2 Chemical 3, Waterville Valley Gateway Thorton Hidden Valley Tuftonboro , 2, Wentworth Cove Laconia ,433, 2 Chemical Pendelton Cove Laconia 3 2,44 1, Deer Run Campton 1. 1,632 2, Woodland Grove Conway 2 1.,86. 2, Echo Lake Woods No. Conway ,963, 1, 3,439, 3, Brake Hill Gilford Tamworth Tamworth ,, 17 Estates Thoi ton ,98. unknown DeerCove Ossipee 39 unknown 19 19, unknown unknown LOV Freedom ,718, unknown - unknown qdian Mound Ossipee 2 unknown unknown unknown unknown Gunstock Gilford ,21. 2, 4,8 96,3, Total Chlorination, Filtration, Chemical, Addition, Other

117 Year Ended December 31, 21 Annual Reoort of Lakes Region Water Co.. Inc. S-7 TANKS, STANDPIPES, RESERVOIRS Size s ear Openl Overflow NameIl.D. Type Material (MU Gals) Installed Covered Elev. Area Served Far Echo Harbor Accumulator Steel 1, Prior 197 Covered 1 Moultonboro Accumulator Steel 2, 1978 Covered 14 Moultonboro Paradise Shores - West Point Accumulator Steel 2, Prior 197 Covered 1 Moultonboro Waterville Valley Accumulator Cement 3Q Prior 198 Covered 8 Hidden Vatley-2 Accumulator Steel 1, Prior 197 Covered 8 Tuftonboro Thorton Hidden Valley Pressure Steel 1 Unknown Covered none Tuftonboro Wentwoth Cove Accumulator Steel 2, Prior 197 Covered 1 Laconia Pendleton Cove Accumulator Steel 1, Prior 197 Covered 8 Laconia eerrun Accumulator Steel 2, Prior 199 Covered 1 Campton oodland Grove Accumulator Steel 2, Prior 197 Covered 1 Conway cho Lake Woods Accumulator Steel 1, Prior 197 Covered 1 No. Conway rake Hill Acres Accumulator Steel 8, 1978 Covered 1 Gilford rake Hill Acres Pressure Steel 3, 196 Covered none Gilford Tarnworth Water Works Accumulator Steel 2, 1996 Covered Unknown Tamworth Tamworth Water Works Pressure Steel, 1996 Covered Unknown Tamworth 17 Estates Unknown Unknown Unknown Unknown Covered Unknown Thorton Deer Cove Unknown Unknown Unknown Unknown Covered Unknown Ossipee Lake Ossipee Village Unknown Unknown Unknown Unknown Covered Unknown Freedom 9dian Mound Unknown Unknown Unknown Unknown Covered Unknown Ossipee Gunstock Glen Unknown Unknown Unknown Unknown Covered Unknown Gilford S-8 ACTIVE SERVICES, METERS AND HYDRANTS (Include Only Property Owned by the Utility) Total Non-Fire Services Fire Services Meters 1, j,81 Hydrants Municipal: 2 S-9 NUMBER AND TYPE OF CUSTOMERS AT YEAR END Residenti Commercial Industrial Municipal Total Year Round* Far Echo Harbor Paradise Shores West Point Waterville Valley Gateway Hidden Valley Wentwoth Cove Pendleton Cove Deer Run Woodland Grove cho Lake Woods ake Hill Acres amworth Water Works Estates Deer Cove Lake Ossipee Village ndian Mound Gunstock Glen I 1 I 1 I 1, ,232 Total * Denote with (E) it estimate - 88

118 -. Annual Report of Lakes Re9ion Water Co., Inc. Year Ended December S-b TRANSMISSION AND DISTRIBUTION MAINS OuctUe Cast Non-PVC Galy. Iron Iron PVC Plastic Transite Cement Steel Copper Total ,88 1,2 4,8 3 48,74 48, ,14 2,1 2,24 6 6, 2, ,9 2, Total - 12,138 6, ,322-89

119 C., CD C. C. ) C, -J Cs, C. C) -J 7

120 1 T Lakes Region Waler Co Inc 2 Loss Water Report C 11 El FIG I H I I JI K I LI MINI 1 P1 IRIS IT I Ii 3 Year Ending December 31, Division# Known leaks or repair loss (Estimate In 1 Gallons) 6 DivisIon Name TOTAL FEH PS WP WVG HV WC PC DR WG ELW BH TVWV 17 DC LOV IM GG 4 Qtr#1 2, Otr# , Qtr#3 2, , Qtr#4 2, , ,46 1, ,126 - Water Sold by Tanker TotalYear 11,788 13, , Qtr# Qtr# TOTAL USAGE (1 Gallons) Total Year Qtr* 1 1, , Qlr#2 1,9 81 8, , Qtr# , Total Year 8,64 1,7 2, ,263 2,237 1, ,261 4,1 1,216 1,83 2,31 6 1,281 4,6 4,76 1, Qtr#4 13, , ,187 1, LOST WATER (1 Gallons) Qtr#2 9, ,34 2, Qtr#3 8, ,34 2, Qtr#4 9,47 1, 1, , Otr#1 1, l , 1, TotalYear ,879 2, ,918 1,676 1, ,86 2, ,13 6, LOST WATER (% of Avllable Waler) Qtr#1 48% 87% 3% 61% 42% 73% 38% 2% 19% 44% 7% 49% 3% 84% 19% 81% 68% 29% Qtr#2 37% 6% 4% 6% 6% 49% 44% 6% 44% 37% 73% 39% 7% 6% 21% 6% 77% 11% Qtr#3 31% 41% 8% 44% 2% 6% 2% 2% % 6% 21% 3% 37% 6% 1% 71% 63% 33% Qtr#4 42% 67% 2% 41% 71% 42% 6% 3% 11% 3% 69% 8% 37% 48% 22% 73% 1% 27% Total Year 39% 64% 9% 49% 6% 43% 41% 14% 23% 18% 9% 46% 48% 62% 18% 71% 9% 27% a 8 9 lastyear% 41% 18% 21% 6% 2% 63% 24% 18% 19% 36% 22% 28% 31% 1% 36% 24% 7% 31% LOST WATER in GALLONS PER MINUTE 94Qtr# Qlr# I 4 1 I Qtr# B QW# I AverageYlD PnorYearAvE I I Non melered water loss for prior year has beeen estimated in order to provide comparison Qtr#1 193 Qtr#2 342 SALES TO PROPERTY OWNERS ASSOCIATION SWISSVALE, INC. IN (1 Gallons) Included in Paradise Shores( PS) Qtr#3 469 Qtr#4 223 Total Year 1233 metered in Division 4 WVG (Watervilie Valley Gateway) is for the Pool CUSTOMER COUNT LRWC 21 Loss Watersis

121 Lakes Region Waler Co,, Inc 2 Loss Water Report _j C JD I El FIG I Hil Iii K I LI MINI 1 I aj RI SIT I U Year Ending December 31, Divislon# Ii 6 Division Name TOTAL FEH PS WP ViNG HV WC PC DR WG ELW OH TWiN 17 DC WV IM GG 11 METERED 11 PriorYear Qtr# Qtr Qtr# o a 11 Otr# POASI AND POOL YearAverage PriorYear Qtr# Qtr# Otr# Qtr# NON-METERED YearAveage Prior Year Qtr# I Qtrl I Qtr# I Qtr# YcarAverage TOTAL CUSTOMERS 1 PrlorYear Otr# Qtr I Year Average LRWC 21 Loss Water.xls 3122)216

122 Net Cost $,4,7 $4,78,684 $4,892,621 Accumulated Depreciation (1,734,97) (1,82,18) (1,68,488) Plus: Accumulated Amortization of Acq. Adj 177, ,6 174,91 Total Net Utility Plant $3,447,364 $3,37,722 $3,49,43 Prepayments - Other 2,328 37,24 31,287 Prepaid Taxes 13,3 11,727 12,64 Accumulated DIT - Depreciation (214,663) (19,7) (22,367) Net Contribution in Aid of Construction* (64,27) (621,7) (613,1) Subtotal $2,674,4 $2,612,766 $2,643,86 Lakes Region Water Company 21 Actual Rate of Return Calculation Actual Actual 12/31/21 12/31/214 Averace Plant in Service $,28,82 $,34,79 $,146,646 Less: Acquisition Adjustment (24,2) (24,2) (24,2) Material & Supplies 7,3 4,717 6,34 Cash Working Capital All divisons except TWW 883,344 2.% $181,27 TWW (48,4) 2.% ($9,968) Net Cash Working Capital $171,6 Total Average Rate Base $2,81,14 Net Operating Income $131,396 Actual Rate of Return Authorized Rate of Return Required Net Operating Income Additional Net Operating Income Required Source: 21 PUC Annual Report 4.667% 8.42 % $237,176 $1,78 SPSt. Cyr 3/28/216