WOODLAND HILLS SANITRY DISTRICT

INCOME STATEMENT

May 31, 2018

GENERAL INCOME AND EXPENSE

 

WATER INCOME

 

Water Sales 5174.52

Assessment 1 1870.48

Assessment 2 593.28

Late Fees 150.00

 

TOTAL 7788.28

 

TOTAL INCOME 7,788.28

 

GENERAL EXPENSES

 

Black Hills Power & Light 632.14 (Utility)

Lois Lund 475.00 (Contract)

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

Postmaster 54.00 (Meter deposit refund)

Great Western Bank 4.95 (Service charge)

 

TOTAL GENERAL 2,200.77

NET 5,587.51

Gallons pumped April 2018 386,114 Gallons sold 336,900 (12.8% loss)

Gallons pumped May 2018 355,100 Gallons sold 355,100 (12.7% loss)

 

 

 

APRIL PAST DUE MAY UNPAID

 

1 past due (late fees) 4 Unpaid

 

 

 

 

 

 

 

 

 

 

 

ROADS INCOME AND EXPENSE

 

INCOME

 

Tax deposit 3,861.14

 

EXPENSE

 

Great Western Bank 4.95 (Service charge)

 

NET 3,856.46

 

 

 

 

 

Balance in checking - Great Western Bank - WHSD 177,654.32 *

Balance in checking Great Western Bank Roads 19,666.43

$197,320.75

 

 

*Includes $125,529.68 assessment payments less loan payments of $70,191.49 (phase 1 - $59,660.64; phase 2 - $10,797.82),

leaving $122,316.13 non-dedicated funds in the water account.

 

Quarterly payments of $5,004.71 and $1,603.48 made May, 2018

 

Remaining principal balance Phase 1 - $265,823.03; Phase 2 - $91,723.491