INCOME STATEMENT
February 29, 2020
GENERAL
INCOME
Assessment 1 1870.48
Assessment 2 593.28
Late fees 30.00
TOTAL 8280.06
Morford Electric 1,168.36 (Electrical repairs main pumphouse)
SD Assn of Rural Water Systems 295.00(Annual dues)
Great Western Bank 4.95 (Service charge)
TOTAL GENERAL 3,939.19
NET 4,340.87
Gallons pumped January 2020 399,145 Gallons sold 303,700 (23.9% loss)
Gallons pumped February 2020 440,854 Gallons sold 310,300 (29.6% loss)
JANUARY PAST DUE FEBRUARY UNPAID
3 past due 7 unpaid
ROADS INCOME
AND EXPENSE
INCOME
Tax income 559.51
EXPENSE
Schultze Landscaping 1080.00(Snow removal )
Great Western Bank 4.95 (Service charge)
1,084.95
NET LOSS (525.44)
$251,244.73
*Includes $177,268.64 assessment payments less loan payments of $116,715.79 (phase 1 - $94,693.61; phase 2 - $22,022.18),
leaving $168,132.96 non-dedicated funds in the water account.
Quarterly payments of $5,004.71 for Phase 1 and $1,603.48 for Phase 2 were made in February