INCOME STATEMENT
January 31, 2020
GENERAL
INCOME
Assessment 1 1870.48
Assessment 2 593.28
Meter deposit – Nesselhuf, Scholl 200.00
Late fees 40.00
TOTAL 7872.53
Midcontinent Testing 60.00 (Lab fees)
Dakota Pump 999.00 (Cloud 9 Monitoring annual fee)
Jim Stewart 65.94 (Web site)
Stacey Deaver 167.34 (Deposit less 20.70 water, 9.08 assess 1, 2.88 asses 2)
Great Western Bank 4.95 (Service charge)
TOTAL GENERAL 3,547.20
NET 4,325.33
Gallons pumped December 2019 422,415 Gallons sold 337,300 (20.01% loss)
Gallons pumped January 2020 399,145 Gallons sold 303,700 (23.9% loss)
DECEMBER PAST DUE JANUARY UNPAID
Clesse, Jeff Knight, John
Soderstrom, Shirley (December) Musgrave, David
Hall, Shawn & Amy
All paid January
ROADS INCOME
AND EXPENSE
INCOME
No income
EXPENSE
Schultze Landscaping 135.00 (Snow removal 12/1/19
Great Western Bank 4.95 (Service charge)
139.95
NET LOSS (139.95)
$254,037.49
*Includes $174,804.88 assessment payments less loan payments of $110,107.60 (phase 1 - $89,688.90; phase 2 - $20,418.70),
leaving $166,235.85 non-dedicated funds in the water account.
Outstanding loan balance for Phase 1, principal and interest is $247,414.70 and Phase 2, principal and interest is $86,126.16