INCOME STATEMENT
February 28, 2018
GENERAL
INCOME AND EXPENSE
Assessment 1 1870.48
Assessment 2 593.28
Late Fees 225.00
TOTAL 8785.84
Claims Associates 503.14
Dakota Pump 10,387.77 (Scada system install)
SD Assoc. of Rural Water Systems 295.00 (Annual Dues)
Great Western Bank 4.95 (Service charge)
TOTAL GENERAL 13,014.72
NET LOSS (3,725.74)
Gallons pumped January 2018 406,388 Gallons sold 363,000 (10.7% loss)
Gallons pumped February 2018 357,004 Gallons sold 310,700 (13.0% loss)
JANUARY PAST DUE FEBRUARY UNPAID
2 past due, 1 paid February 4 unpaid, 1 paid after the 1 paid after the 1st with late fees assessed
1 partial payment
ROADS INCOME
AND EXPENSE
INCOME
Tax deposit 328.38
EXPENSE
4.95
Net 323.43
$186,301.74
*Includes $118,138.40 assessment payments less loan payments of $63,583.30 (phase 1 - $54,655.93; phase 2 - $9-194.37),
leaving $115,747.59 non-dedicated funds in the water account.
Quarterly payments of $5,004.71 and $1,603.48 were made.