WOODLAND HILLS COMMUNITY ASSOCIATION

INCOME STATEMENT

December 31, 2007

INCOME

Water Sales 2185.55

Late Fees 40.00

TOTAL 2,225.55

Actual Payments 2356.77

Connection Charge – Alexander 14000.00

Interest Dain Rauscher 291.10

Interest Great Western Bank .90

TOTAL 16,648.77

EXPENSES

Black Hills Power & Light 616.64(Utility)

Lois Lund 401.64 (400.00 Contract, .82postage)

Clearwater Consulting 624.00 (Contract)

CNA Surety 100.00 (Bond)

TOTAL 1,742.28

NET 14,906.49

Balance in checking – Great Western Bank 14,989.89

Balance Dain Rauscher Money Market 15,263.94 ($5,000.00 for Covenant enforcement)

Balance Dain Rauscher CD’s 51,150.99

81,792.62

Gallons pumped November, 2007 1,073,400 Gallons reported 391,103

Gallons pumped December, 2007 1,080,400 Gallons reported 338,377

(thru 1/9/08

2 unpaid)