WOODLAND HILLS COMMUNITY ASSOCIATION

INCOME STATEMENT

July 31, 2008

INCOME

Water Sales 2308.54

Late Charges 110.00

TOTAL 2,418.54

Actual Payments 2367.14

Interest Great Western Bank 1.06

Interest Dain Rauscher 119.87

TOTAL 2,488.07

EXPENSES

Black Hills Power & Light 382.03(Utility)

Lois Lund 400.00 (Contract)

Clearwater Consulting 624.00 (Contract)

Great Western Bank 772.80 (2007 taxes)

Grimm’s Pump 620.20 (pump repairs)

Hawkins Inc. 117.70 (Chlorine)

Jim Stewart 23.94 (Web site)

TOTAL 2,940.67

NET LOSS (452.60)

Balance in checking – Great Western Bank 9,808.78

Balance Dain Rauscher Money Market 41,943.51 ($5,000.00 for Covenant enforcement)

Balance Dain Rauscher CD’s 26,693.10

78,455.39

Gallons pumped June, 2008 493,300 Gallons reported 417,732

Gallong pumped July, 2008 679,700 Gallons reported 588,940

(thru 8/12/08

3 unpaid)

JULY PAST DUE – 3 all paid in August AUGUST UNPAID – 3, reminder postcards sent to all