Civic Intelligence

Bi County Water Supply Corporation

990 • Fiscal year 2019 • EIN 75-1400320

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 11, 2020

4094 Fm 2254Pittsburg, TX 75686

(903) 856-5840

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.05x

Higher debt load relative to assets than 13% of similar nonprofits.

2019 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

12th percentile

0.15x

Higher debt load relative to revenue than 12% of similar nonprofits.

2019 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2019

Net Margin

55th percentile

8.2%

Higher net margin than 55% of similar nonprofits.

2019 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

68th percentile

$139,656

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2019 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2019

Asset Growth

24th percentile

-0.8%

Faster asset growth than 24% of similar nonprofits.

2019 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

29th percentile

-1.9%

Faster revenue growth than 29% of similar nonprofits.

2019 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$12,477,448

Down $102,813 (-0.8%) from 2018

Net Assets

Up

$11,904,585

Up $309,647 (+2.7%) from 2018

Liabilities

Down

$572,863

Down $412,460 (-42%) from 2018

Revenue

Down

$3,774,176

Down $74,997 (-1.9%) from 2018

Expenses

Up

$3,464,529

Up $221,102 (+6.8%) from 2018

Net Income

Down

$309,647

Down $296,099 (-49%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $10,790,252Liabilities 2011: $2,745,171Net Assets 2011: $8,045,0812011Assets 2012: $11,120,051Liabilities 2012: $2,422,314Net Assets 2012: $8,697,7372012Assets 2013: $11,430,391Liabilities 2013: $2,310,529Net Assets 2013: $9,119,8622013Assets 2014: $11,008,863Liabilities 2014: $1,726,319Net Assets 2014: $9,282,5442014Assets 2015: $11,514,326Liabilities 2015: $1,628,736Net Assets 2015: $9,885,5902015Assets 2016: $11,699,579Liabilities 2016: $1,397,521Net Assets 2016: $10,302,0582016Assets 2017: $12,193,376Liabilities 2017: $1,204,184Net Assets 2017: $10,989,1922017Assets 2018: $12,580,261Liabilities 2018: $985,323Net Assets 2018: $11,594,9382018Assets 2019: $12,477,448Liabilities 2019: $572,863Net Assets 2019: $11,904,5852019Assets 2020: $12,585,047Liabilities 2020: $48,781Net Assets 2020: $12,536,2662020Assets 2021: $13,380,043Liabilities 2021: $117,301Net Assets 2021: $13,262,7422021Assets 2022: $14,407,083Liabilities 2022: $11,000Net Assets 2022: $14,396,0832022Assets 2023: $17,121,917Liabilities 2023: $2,089,444Net Assets 2023: $15,032,4732023Assets 2024: $17,306,776Liabilities 2024: $2,021,799Net Assets 2024: $15,284,9772024Assets 2025: $17,486,341Liabilities 2025: $1,955,548Net Assets 2025: $15,530,7932025

Highlighted filing

2019

Assets$12,477,448
Liabilities$572,863
Net Assets$11,904,585

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2011: $3,403,201Expenses 2011: $2,185,055Net Income 2011: $1,218,1462011Expenses 2012: $2,419,3412012Revenue 2013: $3,020,048Expenses 2013: $2,597,923Net Income 2013: $422,1252013Revenue 2014: $2,985,442Expenses 2014: $2,822,760Net Income 2014: $162,6822014Revenue 2015: $3,446,933Expenses 2015: $2,843,887Net Income 2015: $603,0462015Revenue 2016: $3,342,236Expenses 2016: $2,925,768Net Income 2016: $416,4682016Revenue 2017: $3,607,684Expenses 2017: $2,920,550Net Income 2017: $687,1342017Revenue 2018: $3,849,173Expenses 2018: $3,243,427Net Income 2018: $605,7462018Revenue 2019: $3,774,176Expenses 2019: $3,464,529Net Income 2019: $309,6472019Revenue 2020: $3,979,554Expenses 2020: $3,658,773Net Income 2020: $320,7812020Revenue 2021: $4,561,600Expenses 2021: $3,835,124Net Income 2021: $726,4762021Revenue 2022: $5,325,254Expenses 2022: $4,191,913Net Income 2022: $1,133,3412022Revenue 2023: $5,601,280Expenses 2023: $4,964,890Net Income 2023: $636,3902023Revenue 2024: $5,693,736Expenses 2024: $5,441,232Net Income 2024: $252,5042024Revenue 2025: $5,975,265Expenses 2025: $5,729,449Net Income 2025: $245,8162025

Highlighted filing

2019

Revenue$3,774,176
Expenses$3,464,529
Net Income$309,647
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 11, 2020
Return Version
2019v5.0
Gross Receipts
$3,774,176
Mission and Program Overview

Mission

Production and distribution of water to rural water members

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$8,326,730$8,637,172▲ $310,442
Land, Buildings, and Equipment, Net$8,312,959$8,481,331▲ $168,372
Pd in Cap Srpls Land Bldg Eqp Fund$2,793,957$2,783,362▼ $10,595
Savings and Temporary Cash Investments$2,716,272$2,635,209▼ $81,063
Cash and Non-Interest-Bearing Accounts$960,439$904,045▼ $56,394
Cap Stk Tr Prin Current Funds$474,251$484,051▲ $9,800
Accounts Receivable$296,402$281,892▼ $14,510
Inventories for Sale or Use$294,189$174,969▼ $119,220
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$12,580,261$12,477,448▼ $102,813
Other Assets Total-$2-
Liabilities
Mortgage Notes Payable Secured by Investment Property$775,182$353,957▼ $421,225
Unsecured Notes Loans Payable$204,534$213,576▲ $9,042
Accounts Payable and Accrued Expenses$5,607$5,330▼ $277
Total Liabilities$985,323$572,863▼ $412,460
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,594,938$11,904,585▲ $309,647
Total Liabilities and Net Assets / Fund Balance$12,580,261$12,477,448▼ $102,813

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$7,276,789$9,540,887$16,817,676
Equipment$622,719$1,591,492$2,214,211
Other Land Buildings$195,857$234,485$430,342
Buildings$155,993$149,615$305,608
Land$229,973-$229,973
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Harlton TaylorManagerFT$139,656$139,656

Board Members and Trustees

NameTitle
David HamlinPresident
Lawrence ClevelandVice President
Charolotte BrewerDirector
Daniel CastroDirector
James JerniganDirector
James WhiteDirector
Mitch MaybenDirector
Russel HillDirector
Ashley WilsonSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$146,157
Program Service Revenue
$3,545,733
Investment Income
$82,286
Other Revenue
$0
All Other Contributions
$139,722
Change in Net Assets
$309,647

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,774,176
Total Revenue per Audited Statements
$3,774,176
Total Revenue per Form 990
$3,774,176
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,825,559
Salaries, Compensation, and Employee Benefits$1,638,970
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$992,538--$992,538
Depreciation Depletion$641,961--$641,961
Other Employee Benefits$415,018--$415,018
Occupancy$250,775--$250,775
Travel$204,629--$204,629
All Other Expenses$177,693--$177,693
Current Officers, Directors, Trustees, and Key Employees$139,656--$139,656
Payroll Taxes$91,758--$91,758
Insurance$70,186--$70,186
Fees for Services Other$52,632--$52,632
Other Expenses$50,875--$50,875
Interest$37,816--$37,816
Fees for Services Accounting$17,159--$17,159
Fees for Services Legal$472--$472
Total Functional Expenses$3,464,529$0$0$3,464,529

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,464,529
Total Expenses per Audited Statements$3,464,529
Total Expenses per Form 990$3,464,529
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

governing body has right to review 990 if they so choose

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Bi-county Water Supply
EIN
75-1400320
Address
4094 FM 2254, PITTSBURG, TX 75686

Signing Officer

Name
Harlton Taylor
Title
Manager
Signed
2020-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harlton Taylor
Voting Board Members
9
Independent Board Members
8
Employees
19

Preparer

Firm
Arnold Walker Arnold & Co PC
Address
PO Box 1217, Mt Pleasant, TX 75456-1217
Preparer
Lanny Walker
Phone
9035726606
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0415018
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2TAXES AND LICENSES
IRS990/OtherExpensesGrp/Desc3RENTALS
IRS990/OtherExpensesGrp/ProgramServicesAmt0191283
IRS990/OtherExpensesGrp/ProgramServicesAmt178892
IRS990/OtherExpensesGrp/ProgramServicesAmt251186
IRS990/OtherExpensesGrp/ProgramServicesAmt350875
IRS990/OtherExpensesGrp/TotalAmt0191283
IRS990/OtherExpensesGrp/TotalAmt178892
IRS990/OtherExpensesGrp/TotalAmt251186
IRS990/OtherExpensesGrp/TotalAmt350875
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0992538
IRS990/OtherSalariesAndWagesGrp/TotalAmt0992538
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt091758
IRS990/PayrollTaxesGrp/TotalAmt091758
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt02793957
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt02783362
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0HARLTON TAYLOR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0WATER SALES and FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03545733
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03545733
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0272183
IRS990/PYInvestmentIncomeAmt065532
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01758721
IRS990/PYProgramServiceRevenueAmt03511458
IRS990/PYRevenuesLessExpensesAmt0605746
IRS990/PYSalariesCompEmpBnftPaidAmt01484706
IRS990/PYTotalExpensesAmt03243427
IRS990/PYTotalRevenueAmt03849173
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0309647
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt08326730
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08637172
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02716272
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02635209
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0155993
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0149615
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0305608
IRS990ScheduleD/EquipmentGrp/BookValueAmt0622719
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01591492
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02214211
IRS990ScheduleD/ExpensesSubtotalAmt03464529
IRS990ScheduleD/LandGrp/BookValueAmt0229973
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0229973
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07276789
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09540887
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt016817676
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0195857
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0234485
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0430342
IRS990ScheduleD/RevenueSubtotalAmt03774176
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08481331
IRS990ScheduleD/TotalExpensesPerForm990Amt03464529
IRS990ScheduleD/TotalRevenuePerForm990Amt03774176
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03774176
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03464529
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0governing body has right to review 990 if they so choose
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt012580261
IRS990/TotalAssetsEOYAmt012477448
IRS990/TotalAssetsGrp/BOYAmt012580261
IRS990/TotalAssetsGrp/EOYAmt012477448
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0146157
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03464529
IRS990/TotalFunctionalExpensesGrp/TotalAmt03464529
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0985323
IRS990/TotalLiabilitiesEOYAmt0572863
IRS990/TotalLiabilitiesGrp/BOYAmt0985323
IRS990/TotalLiabilitiesGrp/EOYAmt0572863
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011594938
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011904585
IRS990/TotalProgramServiceRevenueAmt03545733
IRS990/TotalReportableCompFromOrgAmt0139656
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03628019
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03774176
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012580261
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012477448
IRS990/TravelGrp/ProgramServicesAmt0204629
IRS990/TravelGrp/TotalAmt0204629
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0204534
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0213576
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HARLTON TAYLOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BI-COUNTY WATER SUPPLY
ReturnHeader/Filer/BusinessNameControlTxt0BI-C
ReturnHeader/Filer/EIN0751400320
ReturnHeader/Filer/USAddress/AddressLine1Txt04094 FM 2254
ReturnHeader/Filer/USAddress/CityNm0PITTSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075686
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0751423103
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Arnold Walker Arnold & Co PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 1217
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mt Pleasant
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0754561217
ReturnHeader/PreparerPersonGrp/PhoneNum09035726606
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LANNY WALKER
ReturnHeader/ReturnTs02020-08-11T06:37:05-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.5$1.96$15.5$5.98$5.73$0.25
2024Detailed filing. Detailed filing data is available for this year.$17.3$2.02$15.3$5.69$5.44$0.25
2023Detailed filing. Detailed filing data is available for this year.$17.1$2.09$15.0$5.60$4.96$0.64
2022Detailed filing. Detailed filing data is available for this year.$14.4$0.01$14.4$5.33$4.19$1.13
2021Detailed filing. Detailed filing data is available for this year.$13.4$0.12$13.3$4.56$3.84$0.73
2020Detailed filing. Detailed filing data is available for this year.$12.6$0.05$12.5$3.98$3.66$0.32
2019Detailed filing. Detailed filing data is available for this year.$12.5$0.57$11.9$3.77$3.46$0.31
2018Detailed filing. Detailed filing data is available for this year.$12.6$0.99$11.6$3.85$3.24$0.61
2017Detailed filing. Detailed filing data is available for this year.$12.2$1.20$11.0$3.61$2.92$0.69
2016Summary only. Only limited summary data is available for this year.$11.7$1.40$10.3$3.34$2.93$0.42
2015Summary only. Only limited summary data is available for this year.$11.5$1.63$9.89$3.45$2.84$0.60
2014Detailed filing. Detailed filing data is available for this year.$11.0$1.73$9.28$2.99$2.82$0.16
2013Detailed filing. Detailed filing data is available for this year.$11.4$2.31$9.12$3.02$2.60$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$2.42$8.70$2.42
2011Summary only. Only limited summary data is available for this year.$10.8$2.75$8.05$3.40$2.19$1.22
Peer Organizations

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