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<br /> LOGAN WELL USERS,INC.
<br /> STATEMENTS OF ACTIVITIES
<br /> Years Ended December 31,2006 and 2005
<br /> 2006 2005
<br /> ii Changes in unrestricted net assets(deficit):
<br /> Revenue:
<br /> Water assessments $ 611,230 $ 420,627
<br /> Grant revenue(Note 4) 177,616 256,888
<br /> Other income 3,357 -
<br /> Interest income 785 47
<br /> Total revenue 792,988 677,562
<br /> 1 Expenses:
<br /> Program services (water-related expenses):
<br /> III Recharge bonuses b 357,240
<br /> � 255,121
<br /> Augmentation J
<br /> 75,851 24,103
<br /> Logan Prewitt y\ 48,582 39,172
<br /> Schneider - 5,597
<br /> Davis Brothers - 11,940
<br /> Engineer expense 33,806 283,689
<br /> N Legal fees 71,621 165,241
<br /> General and administrative:
<br /> Water accounting 32,400 31,500
<br /> 110 Accounting 19,963 33,681
<br /> Meter reading 8,005 6,724
<br /> Interest 5,274
<br /> -
<br /> Insurance-directors 1,810 2,220
<br /> I Meals 1,377 1,707
<br /> Office supplies&postage 878 1,169
<br /> Printing 482 804
<br /> II Miscellaneous 236 100
<br /> Licenses and fees 40 2,313
<br /> Uncollected assessments - 2,570
<br /> U Contract labor - 113
<br /> 657,565 867,764
<br /> IllChange in unrestricted net assets (deficit) 135,423 (190,202)
<br /> Unrestricted net assets(deficit),beginning of year (92,321) 97,881
<br /> IIUnrestricted net assets (deficit), end of year $ 43,102 $ (92,321)
<br /> II 2t i
<br /> ID ` /° 12-14 0
<br /> I ,c, (L00
<br /> See Notes to Financial Statements.
<br /> III 3
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