rising damp
All lake water contains salts and when an electrical circuit board gets wet the salts deposit on the tracks. Whilst drying often restores the Rx to a working state it may not be 100% due to residue as kmbc says above.
I open the case and use iso Propyl Alcohol and a stiff paint brush to clean any boards that have been exposed. This ensures the board is clean and reduces the chance of further failure.
Another problem that might develop is the black wire syndrome so dismantling allows you to check the connection. I use WD 40 on the plug to drive out any water.
Dave