INCOME STATEMENT
GENERAL
INCOME
Assessment 1 1870.48
Assessment 2 593.28
Late fees 20.00
TOTAL 6882.20
Morford Electric 270.41 (Breaker repairs)
Great Western Bank 4.95 (Service charge)
TOTAL GENERAL 2,854.66
NET 4,027.54
Gallons pumped November 2019 441,049 Gallons sold 331,900 (24.7% loss)
Gallons pumped December 2019 422,415 Gallons sold 337,300 (20.01% loss)
NOVEMBER PAST DUE DECEMBER UNPAID
3 past due 2 unpaid
All paid December
ROADS INCOME
AND EXPENSE
INCOME
Tax income 88.75
A&E Plumbing
1,000.00 (sand
spreader)
EXPENSE
Schultze Landscaping 135.00 (Snow removal
Great Western Bank 4.95 (Service charge)
139.95
NET $ 948.80
$249,849.25
*Includes $172,341.12 assessment payments less loan payments of $110,107.60 (phase 1 - $89,688.90; phase 2 - $20,418.70),
leaving $164,371.42 non-dedicated funds in the water account.
Outstanding loan balance for Phase 1, principal and interest is $247,414.70 and Phase 2, principal and interest is $86,126.16