INCOME STATEMENT
February 28, 2021
GENERAL
INCOME
Assessment 1 1870.48
Assessment 2 593.28
Late fees 45.00
TOTAL 8983.63
Other income 4435.58 (Insurance claim for frozen pipes in pumphouse)
SD Assoc of Rural Water Systems 310.00 (Annual dues)
Great Western Bank 15.00 (Chargeback fee)
Great Western Bank 91.82 (Returned check)
TOTAL GENERAL
2,836.84
NET 10,582.37
Gallons pumped January 2021 415,620 Gallons sold 357,500 (14% loss)
Gallons pumped February 2021 428,766 Gallons sold 366,500 (14.5% loss)
JANUARY PAST DUE FEBRUARY UNPAID
2 past due 3 unpaid
All paid February
ROADS INCOME
AND EXPENSE
INCOME
Tax income 661.64 (sent by county,
but put in wrong account again)
EXPENSE
Schulze Landscaping 337.50
NET LOSS (337.50)
$280,335.97
*Includes $206,833.76 assessment payments less loan payments of $143,148.55, leaving $187,597.18 non-dedicated funds in the water account.
Quarterly payments of $5,004.71 and $1,603.48 were made in February.