In the first eleven months of 2001, the Carlisle Conservation Foundation has received donations and dues of $17,320 and earned interest income of $1,932 for total income of $19.253. Year to date expenses in 2001 are $49,793. Engineering and legal fees related to obtaining land and conservation restrictions were $30,568. Accounting, Insurance and Legal expenses were $5,492. Fund raising expenses were $866. Land Management Expenses were $6,860. Miscellaneous expenses were $200. As in past years we expect a strong response to our Annual Appeal will reduce the eleven month deficit. A complete financial statement is available upon request.

Fontaine K. Richardson Treasurer