WOODLAND HILLS SANITRY DISTRICT

INCOME STATEMENT

February 28, 2018

GENERAL INCOME AND EXPENSE

 

WATER INCOME

 

Water Sales 6097.08

Assessment 1 1870.48

Assessment 2 593.28

Late Fees 225.00

 

TOTAL 8785.84

 

Claims Associates 503.14

 

TOTAL INCOME 9,288.98

 

GENERAL EXPENSES

 

Black Hills Power & Light 817.32 (Utility)

Lois Lund 475.00 (Contract)

Clearwater Consulting 1,034.68 (Contract 700.00, billing 334.68)

Dakota Pump 10,387.77 (Scada system install)

SD Assoc. of Rural Water Systems 295.00 (Annual Dues)

Great Western Bank 4.95 (Service charge)

 

TOTAL GENERAL 13,014.72

NET LOSS (3,725.74)

Gallons pumped January 2018 406,388 Gallons sold 363,000 (10.7% loss)

Gallons pumped February 2018 357,004 Gallons sold 310,700 (13.0% loss)

 

 

 

 

JANUARY PAST DUE FEBRUARY UNPAID

 

2 past due, 1 paid February 4 unpaid, 1 paid after the 1 paid after the 1st with late fees assessed

1 partial payment

 

 

 

 

 

 

 

 

 

 

 

 

ROADS INCOME AND EXPENSE

 

INCOME

 

Tax deposit 328.38

 

EXPENSE

 

Great Western Bank 4.95 (Service charge)

4.95

 

Net 323.43

 

 

 

 

 

Balance in checking - Great Western Bank - WHSD 170,032.69 *

Balance in checking Great Western Bank Roads 16,269.05

$186,301.74

 

 

*Includes $118,138.40 assessment payments less loan payments of $63,583.30 (phase 1 - $54,655.93; phase 2 - $9-194.37),

leaving $115,747.59 non-dedicated funds in the water account.

 

Quarterly payments of $5,004.71 and $1,603.48 were made.