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©2019 CliftonLarsonAllen LLPCreate Opportunities <br />•No depreciation in Fund <br />•Operating revenues 5.9% <br />increase from prior year. <br />•Operating expenses <br />decreased 8.3% from prior <br />year. <br />•Cash and investments <br />provided by operations 179K <br />in 2019. <br />•Total cash and investments <br />of $343K and operating <br />expenses of $1.46M. <br />Financial Results –Garbage Fund <br />11 <br />-$0.2 <br />$0.0 <br />$0.2 <br />$0.4 <br />$0.6 <br />$0.8 <br />$1.0 <br />$1.2 <br />$1.4 <br />$1.6 <br />$1.8 <br />2015 2016 2017 2018MillionsGarbage Fund <br />Year Ended December 31, <br />Operating Expense Depreciation <br />Operating Revenue Income Before Depreciation