WOODLAND HILLS COMMUNITY ASSOCIATION

INCOME STATEMENT

July 31, 2007

INCOME

Water Sales 4576.70

Late Fees 40.00

TOTAL 4,616.70

Actual Payments 4718.57

Interest Dain Rauscher 169.46

Interest Great Western Bank .40

TOTAL 4,888.43

EXPENSES

Black Hills Power & Light 689.90(Utility)

Lois Lund 408.44 (400.00 Contract, 8.44 picnic)

Clearwater Consulting 916.52 (624.00 Contract, 266.50 non-contract, 26.00 pump parts)

Grimm’s Pump 526.44 (Pump repairs)

Great Western Bank 916.00 (Tax deposit)

TOTAL 3,457.28

NET 1,431.51

Balance in checking – Great Western Bank 2,748.27

Balance Dain Rauscher Money Market 14,416.72 ($5,000.00 for Covenant enforcement)

Balance Dain Rauscher CD’s 50,436.47

67,601.46

Gallons pumped June, 2007 1,222.000 Gallons reported 708,685

Gallons pumped July, 2007 1,491,600 Gallons reported 893,658

(thru 8/13/07

2 unpaid)