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I
<br /> 1 III
<br /> LOGAN WELL USERS,INC.
<br /> STATEMENTS OF ACTIVITIES
<br /> For the Years Ended December 31,2005 and 2004
<br /> 2005 2004
<br /> Chan es in unrestricted net assets deficit :
<br /> Changes ( )
<br /> Revenue:
<br /> II Water assessments $ 420,627 $ 382,798
<br /> Grant revenue(Note 5) 256,888 193,085
<br /> Other income - 389
<br /> II Interest income 47
<br /> 677,562 336
<br /> Total revenue 62 576,608
<br /> Expenses:
<br /> Program services(water-related expenses)
<br /> Recharge bonuses A 255,121 168,377
<br /> IAugmentation ✓24,103 113,140
<br /> Bypass - 42,087
<br /> LoganPrewitt 4' 39,172 36,087
<br /> Schneider V5,597
<br /> -
<br /> �' Davis Brothers /11,940 11,602
<br /> Engineer expense 283,689 69,300
<br /> toLegal fees 165,241 54,005
<br /> Consulting(Note 6) ' - 13,760
<br /> General and administrative:
<br /> Accounting 33,681 38,530
<br /> Water accounting 31,500 -
<br /> Meter reading 6,724 -
<br /> Uncollected assessments 2,570 -
<br /> Licenses and fees 2,313 245
<br /> Insurance-directors 2,220 2,123
<br /> 111 Meals 1,707 1,477
<br /> Supplies and postage 1,169 3,367
<br /> Printing 804
<br /> 4 Contact labor 113 1,569
<br /> Miscellaneous 100 99
<br /> 867,764 555,768
<br /> 11 (190,202) 20,840
<br /> II Change in unrestricted net assets(deficit) ( )
<br /> Unrestricted net assets,beginning of year 97,881 77,041
<br /> 4 Unrestricted net assets (deficit), end of year $ (92,321) $ 97,881
<br /> ' See Notes to Financial Statements.
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