WOODLAND HILLS SANITRY DISTRICT

INCOME STATEMENT

October 31, 2018

GENERAL INCOME AND EXPENSE

 

WATER INCOME

 

Water Sales 6034.15

Assessment 1 1870.48

Assessment 2 593.28

Late Fees 200.00

Customer meter deposit (M. Scott) 100.00

 

TOTAL 5797.91

 

TOTAL INCOME 8,797.91

 

GENERAL EXPENSES

 

Black Hills Power & Light 306.59 (Utility includes 269.49 tax reform credit)

Lois Lund 690.17 (Contract) 475.00, Quikbooks 215.17)

Clearwater Consulting 1,039.68 (Contract 700.00, billing 334.68, parts 5.00)

SD Public Assurance Alliance 1,515.23 (Insurance)

We Do Re-Do 2,000.00 (Paint Lark Lane Hall)

Hawkins Inc. 22.50 (Chlorine pump parts)

Midcontinent Testing 57.00 (Lab fees)

Jim Stewart 70.00 (Postage & copies)

Great Western Bank 4.95 (Service charge)

 

TOTAL GENERAL 5,706.12

NET 3,091.79

Gallons pumped September 2018 659,480 Gallons sold 617,200 (6.4% loss)

Gallons pumped October 2018 387,707 Gallons sold 338,500 (12.7% loss)

 

 

SEPTEMBER PAST DUE OCTOBER UNPAID

 

No past due 1 unpaid

 

 

 

 

 

 

 

 

 

 

 

 

ROADS INCOME AND EXPENSE

 

INCOME

 

Tax deposit 275.97

 

EXPENSE

 

Tim & Peggy Severson 5,150.00 (Loan payment 3 of 5)

Great Western Bank 4.95 (Service charge)

Total 5,154.95

 

NET LOSS (4,878.98)

 

 

 

 

 

Balance in checking - Great Western Bank - WHSD 195,664.49 *

Balance in checking Great Western Bank Roads 17,810.50

$213,474.99

 

 

*Includes $137,848.48 assessment payments less loan payments of $77,066.65 (phase 1 - $64,665.35; phase 2 - $12,401.30),

leaving $134,882.66 non-dedicated funds in the water account.