INCOME STATEMENT
May 31, 2016
GENERAL
INCOME AND EXPENSE
Assessment 1 1870.48
Assessment 2 593.28
Late Fees 150.00
Morford Electric 265.30 (Repairs to breaker box)
Armstrong Extinguisher 324.00 (Fire extinguishers)
Postmaster 48.00 (Box rental)
Great Western Bank 4.95 (Service charge)
TOTAL GENERAL 2,726.12
NET 4,736.26
Gallons pumped April 437,100 Gallons sold 378,900 (12.4% loss)
Gallons pumped May 387,800 Gallons sold 397,300 (-2.4% loss)
APRIL PAST DUE MAY UNPAID
1 past due, pd May 2 unpaid
PROJECT INCOME AND EXPENSE Phase 2
INCOME
DENR deposit 26,228.00
EXPENSE
AE2S invoice 47891 1,409.25
Clearwater invoice 2016/4B 1,112.50
Taylor Bice Drilling 23,706.76
Total 26,228.51
Pending
AE2S 48251 5,131.70
Clearwater 2016/5B 800.00
Bice Drilling 22,525.00
Total 28,456.70
ROADS INCOME
AND EXPNESE
INCOME
Tax deposit 3,621.67
EXPENSE
$182,817.42
Quarterly payment of $5,004.71 paid to First National Bank for loan repayment.