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ANNUAL FINANCIAL REPORT

                                 By Glen Rollins, Treasurer


                  In keeping with our Bylaws, below is the Santa Clarita
                  Valley Historical Society's annual Financial Report for
                  The fiscal year ending June 30, 1999:


                          INCOME:


                  Membership                           $  3,471.00
                  Donations                            $  8,259.13
                  Fund Raisers                         $15,839.40
                  Interest                             $  1,186.11

                                 Total Income          $28,755.64


                          EXPENSES


                  Heritage Junction                    $ 7,182.70
                  H.J. Railway Station                 $2,001.42
                  Conservation                         $  296.35
                  Education                            $2,423.00
                  Fund Raising                         $7,656.55
                  Operating Expenses                   $10,091.64

                          Total Expenses               $29,651.66


                          FUNDS AVAILABLE

                  Checking/Savings                    $21,810.64
                  Mogul Locomotive                    $44,052.41
                  Endowment Fund                      $25,567.04

                         Total Funds Available  $91,430.09
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