WOODLAND HILLS COMMUNITY ASSOCIATION

INCOME STATEMENT

April 1, 2006 through March 31, 2007

 

 

 

INCOME

 

Water Sales 35,748.53

Late Fees 695.00

Annual Dues 350.00

Interest 2,884.49

 

TOTAL 39,678.02

 

 

EXPENSES

 

Dues, Subscriptions, Donations 160.00

Insurance 1,224.00

Contract labor ( Loi s, Ed) 12,938.09

Repair & Maintenance 10,001.34

Office Expense (postage, copies, etc.) 218.34

Chlorine 872.98

Taxes & License 1,026.00

Utilities 6,256.34

Water Test Charges 3,411.50

Community Assoc. Expense 1,022.05

Bank charges 122.50

Equipment (meters, valves, sand separator) 2,148.60

 

TOTAL 39,401.74

 

NET 276.28

 

 

Balance in checking Great Western Bank 3,380.25

Balance Dain Rauscher Money Market 13,525.10 ($5,000.00 for Covenant enforcement)

Balance Dain Rauscher CDs 50,519.70

67,425.05