WOODLAND HILLS COMMUNITY ASSOCIATION

INCOME STATEMENT

April 1, 2007 through March 31, 2008

 

 

 

INCOME

 

Water Sales 32,301.06

Late Fees 540.00

Annual Dues 250.00

Interest 2,765.67

Connection Charge Alexander 14,000.00

 

TOTAL 49,856.73

 

 

EXPENSES

 

Dues, Subscriptions, Donations 235.00

Insurance 1,236.00

Contract labor (Loi s, Ed) 12,801.50

Repair & Maintenance 7,374.91 *

Office Expense (postage, copies, etc.) 204.33

Chlorine 393.68

Taxes & License 1,026.00

Utilities 6,399.02

Water Test Charges 342.38

Community Assoc. Expense 489.43

Bank charges 137.50

Equipment (meters, valves, sand separator) 2,687.75

 

TOTAL 33,327.50

 

NET 16,529.23

 

 

Balance in checking Great Western Bank 17,044.55

Balance Dain Rauscher Money Market 16,190.77 ($5,000.00 for Covenant enforcement)

Balance Dain Rauscher CDs 51,962.01

85,197.33

 

 

 

*pump & chlorinator repairs, clean tanks, top reservoir repairs, meter replacements

 

Upcoming expenses: Lab fees - $938.10, Meters - $2,152.93, Leak repairs - ?