WOODLAND HILLS SANITRY DISTRICT

INCOME STATEMENT

February 29, 2020

GENERAL INCOME

WATER INCOME

Water Sales 5786.30

Assessment 1 1870.48

Assessment 2 593.28

Late fees 30.00

TOTAL 8280.06

TOTAL INCOME 8,280.06

GENERAL EXPENSES

Black Hills Power & Light 754.83 (Utility)

Lois Lund 500.00 (Contract)

Clearwater Consulting 1,216.05 (Contract 700.00, non contract 180.00, billing 336.05)

Morford Electric 1,168.36 (Electrical repairs main pumphouse)

SD Assn of Rural Water Systems 295.00(Annual dues)

Great Western Bank 4.95 (Service charge)

TOTAL GENERAL 3,939.19

NET 4,340.87

Gallons pumped January 2020 399,145 Gallons sold 303,700 (23.9% loss)

Gallons pumped February 2020 440,854 Gallons sold 310,300 (29.6% loss)

JANUARY PAST DUE FEBRUARY UNPAID

3 past due 7 unpaid

ROADS INCOME AND EXPENSE

INCOME

Tax income 559.51

EXPENSE

Schultze Landscaping 1080.00(Snow removal )

Great Western Bank 4.95 (Service charge)

1,084.95

NET LOSS (525.44)

Balance in checking - Great Western Bank - WHSD 228,665.81*

Balance in checking – Great Western Bank – Roads 22,578.92

$251,244.73

*Includes $177,268.64 assessment payments less loan payments of $116,715.79 (phase 1 - $94,693.61; phase 2 - $22,022.18),

leaving $168,132.96 non-dedicated funds in the water account.

Quarterly payments of $5,004.71 for Phase 1 and $1,603.48 for Phase 2 were made in February