WOODLAND HILLS COMMUNITY ASSOCIATION

INCOME STATEMENT

February 28, 2009

INCOME

Water Sales 2083.40

Late Charges 30.00

TOTAL 2,113.40

Actual Payments 2175.60

Interest Great Western Bank .04

Interest Dain Rauscher 21.50

TOTAL 2,197.14

EXPENSES

Black Hills Power & Light 582.99(Utility)

Lois Lund 425.00 (Contract)

Clearwater Consulting 790.40 (Contract 624.00, non contract 166.40)

Grimm’s Pump 690.22 (Pump repairs at reservoir)

SD Assoc. of Rural Water Systems 235.00 (Annual Dues)

Annette Nystrom 200.00 (Meter deposit refund)

TOTAL 2,923.61

NET LOSS (726.47)

Balance in checking – Great Western Bank 1,588.89

Balance Dain Rauscher Money Market 7,671.29 ($5,000.00 for Covenant enforcement)

Balance Dain Rauscher CD’s 52,026.41

61,286.59

Gallons pumped January, 2009 1,033,000 Gallons reported 352,388

Gallons pumped February, 2009 960,600 Gallons reported 296,903

(thru 3/10/09

3 unpaid)

FEBRUARY PAST DUE MARCH UNPAID

All paid. 3 Unpaid