WOODLAND HILLS COMMUNITY ASSOCIATION

INCOME STATEMENT

May 31, 2008

INCOME

Water Sales 2175.75

Annual Dues 20.00

Late Fees 120.00

TOTAL 2,315.75

Actual Payments 2153.45

Interest Dain Rauscher 234.02

Interest Great Western Bank 1.35

TOTAL 2.388.82

EXPENSES

Black Hills Power & Light 372.50(Utility)

Lois Lund 415.00 (Contract 400.00, postage .50)

Clearwater Consulting 988.00 (Contract 624.00, non contract 364.00)

DENR 100.00 (Permit)

Antler Enterprises 3952.91 (Repair flushing valve on Chickadee)

Postmaster 38.00 (Box rent)

TOTAL 5,281.91

NET LOSS (3,463.09)

Balance in checking – Great Western Bank 9,616.43

Balance Dain Rauscher Money Market 21,571.72 ($5,000.00 for Covenant enforcement)

Balance Dain Rauscher CD’s 31,887.34

63,075.49

Gallons pumped April, 2008 529,400 Gallons reported 381,448

Gallons pumped May, 2008 512,800 Gallons reported 361,857

(thru 6/10/08

5 unpaid)

MAY PAST DUE – 2 past due paid June JUNE UNPAID – 5 unpaid

1 past due still unpaid