WOODLAND HILLS COMMUNITY ASSOCIATION

INCOME STATEMENT

June 30, 2008

INCOME

Water Sales 2166.10

Annual Dues 20.00

Late Fees 50.00

TOTAL 2,236.10

Actual Payments 2219.80

Interest Great Western Bank 1.16

TOTAL 2,220.96

EXPENSES

Black Hills Power & Light 334.10(Utility)

Lois Lund 400.00 (Contract)

Clearwater Consulting 661.16 (Contract 624.00, supplies 37.16)

MidContinent Testing 50.88 (Lab fees)

Secretary of State 10.00 (Annual fee)

TOTAL 1,456.14

NET 764.82

Balance in checking – Great Western Bank 10,381.25

Balance Dain Rauscher Money Market 21,571.72 ($5,000.00 for Covenant enforcement)

Balance Dain Rauscher CD’s 31,887.34

63,840.31

NET 764.82

Gallons pumped May, 2008 512,800 Gallons reported 381,857

Gallons pumped June, 2008 493,300 Gallons reported 400,032

(thru 7/9/08

5 unpaid)

MAY PAST DUE – 1 past due, paid July JUNE UNPAID – 5 unpaid