WOODLAND HILLS COMMUNITY ASSOCIATION

INCOME STATEMENT

January 31, 2007

INCOME

Water Sales 2000.95

Late Fees 60.00

Annual Dues 10.00

TOTAL 2070.95

Actual Payments 2072.50

TOTAL 2,072.50

EXPENSES

Black Hills Power & Light 589.71(Utility)

Lois Lund 400.78 (400.00 Contract, postage .78)

Clearwater Consulting 624.00 (624.00 Contract)

Hawkins Water Group 70.20 (Chlorine)

TOTAL 1,734.69

NET 337.81

Balance in checking – Great Western Bank 1,777.44

Balance Dain Rauscher Money Market 12,864.48 ($5,000.00 for Covenant enforcement)

Balance Dain Rauscher CD’s 50,382.74

65,024.66

Gallons pumped December, 2006 892,000 Gallons reported 344,054

Gallons pumped January, 2007 899,000 Gallons reported 323,905

(thru 2/6/07

8 unpaid)