b'ELECTRONIC PRODUCTS RECYCLING ASSOCIATIONStatement of OperationsYear ended December 31, 2019, with comparative information for 20182019 2018 Revenue: Environmental handling fees$ 49,567,890 $51,936,468Management fee5,048,753 3,842,533Interest2,005,896 1,703,19756,622,53957,482,198Expenses: Direct operations:Processing22,277,357 22,393,013Collection8,481,717 8,380,985Transportation, warehousing and storage10,372,779 10,224,519Quality assurance sampling and recycler audits379,730 463,59441,511,583 41,462,111 Other:Consumer awareness and communications8,519,146 7,634,585Administration9,720,102 9,544,609Government fees393,491544,24318,632,73917,723,43760,144,32259,185,548 Excess of expenses over revenue$(3,521,783) $(1,703,350) See accompanying notes to financial statements.EPRA ANNUAL REPORT 2019 23'