What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
N49772, Cessna 152, was in right-closed traffic for runway 03 and cleared for a touch and go. After turning base the pilot advised that he lost power and would have to land short of the runway near the lake. No further communication was made with N49772. The aircraft landed short of the runway in the lake. Emergency vehicles responded and the pilot was extracted from the airplane. The pilot was un-injured.
As the FAA filed it
N49772, CESSNA 152, WAS IN RIGHT-CLOSED TRAFFIC FOR RUNWAY 03 AND CLEARED FOR A TOUCH AND GO. AFTER TURNING BASE THE PILOT ADVISED THAT HE LOST POWER AND WOULD HAVE TO LAND SHORT OF THE RUNWAY NEAR THE LAKE. NO FURTHER COMMUNICATION WAS MADE WITH N49772. THE AIRCRAFT LANDED SHORT OF THE RUNWAY IN THE LAKE. EMERGENCY VEHICLES RESPONDED AND THE PILOT WAS EXTRACTED FROM THE AIRPLANE. THE PILOT WAS UN-INJURED.