WOODLAND HILLS COMMUNITY ASSOCIATION

INCOME STATEMENT

April 1, 2008 through March 31, 2009

 

 

 

INCOME

 

Water Sales 27,123.44

Late Fees 890.00

Annual Dues 180.00

Interest 1,961.31

 

TOTAL 30,154.75

 

 

EXPENSES

 

Dues, Subscriptions, Donations 235.00

Insurance 1,106.66

Contract labor (Loi s, Ed) 14,108.78

Repair & Maintenance 13,623.03*

Office Expense (postage, copies, etc.) 123.55

Chlorine 341.56

Taxes & License 782.80

Utilities 5,263.11

Water Test Charges 1,424.64

Community Assoc. Expense 1,719.36

Bank charges 107.50

Equipment (meters, valves, sand separator) 13,626.31**

 

TOTAL 52,462.30

 

NET LOSS (22,307.55)

 

 

Balance in checking Great Western Bank 3,478.98

Balance Dain Rauscher Money Market 12,954.45 ($5,000.00 for Covenant enforcement)

Balance Dain Rauscher CDs 47,051.09

63,484.52

 

 

 

* Pump & well, meter replacements

 

** Meters, new well pump, transducer