INCOME STATEMENT
October 31, 2020
GENERAL
INCOME
Assessment 1 1870.48
Assessment 2 593.28
Late fees 65.00
TOTAL 7917.54
SD Public Assurance Alliance 1,652.86 (Insurance)
Powles & Sons 4,665.82 (Leak repair on Nuthatch Lane)
SD Rural Water Association 500.00 (Leak detection assistance)
Summit Fire Protection 47.00 (Fire extinguisher inspection)
Great Western Bank 4.95 (Service charge)
TOTAL GENERAL
9,135.57
NET LOSS (1,218.03)
Gallons pumped September 2020 624,288 Gallons sold 597,700 (4.3% loss)
Gallons pumped October 2020 498,237 Gallons sold 438,500 (12.0% loss)
SEPTEMBER PAST DUE OCTOBER UNPAID
2 past due 4 unpaid
All paid October
ROADS INCOME
AND EXPENSE
INCOME
Tax deposit 393.81
EXPENSE
Tim & Peggy Severson 5,050.00 (Final loan payment)
Pro Marine & Auto 271.94 (Gravel for top of Woodland Dr.)
Schulze Landscaping 270.00 (Snow plowing 10/25/20)
Great Western Bank 4.95 (Service charge)
TOTAL 5,596.89
NET LOSS (5,203.08)
$263,310.92
*Includes $196,978.72 assessment payments less loan payments of $129,932.17, leaving $172,952.71 non-dedicated funds in the water account.