12/27/15 LPSD Profit and Loss Standard Sewer as prepared by clerk

	A	B	C	E	F	I	J
1	2015 Profit and Loss Standard			Sanitary District - Sewer			Lake Poinsett Sanitary District
2							19553 US HWY 81 Lake Poinsett
3							Arlington SD 57217
4		Income
5			Sewer Income - Residential		256,148
6			Sewer Income - Commercial		27,553
7			Hamlin and Brookings City Tax Levy*		28,000
8			Late Fee Income		1,418
9			Administative Fee Income		1,085
10			Sewer Income - Permits		100
11			Uncategorized Income		82
12			Total Income		314,386
13
14		Gross Profit			$314,386
15
16		Expense
17			Advertising and Promotion		300
18			Bank Service Charges		300
19			Computer and Internet Expenses		981
20			Fuel Expense		305
21			Good Will / Annual Picnic		1,004
22			Insurnace Expense		6,284
23			Interest Expense		58,353
24			Licenses / Permits		114
25			Mileage		2,178
26			Office Supplies		1,954
27			Postage		1,594
28			Professional Fees**		12,096
29			Publications		2,920
30			Reconcilliation Discrepancies		1,123
31			Rent Expense		3,900
32			Repairs and Maintenance		43,199
33			Small A/R Adjusments		239
34			Telephone Expenses		819
35			Uncategorized Expenses		300
36			Utilities		8,944
37			Payroll Expenses
38			Employee Contributions to SDRS		1,007
39			Employer Contributions to SDRS		1,007
40			Health Care Stipend		280
41			Payroll Expenses		61,084
42			Payroll Taxes/Unemployement		499
43
44		Total Expenses			$210,784
45
46		Net Ordinary Income			103,603
47			Other Income - Interest Income		12
48
49		Net Income			$103,614	prepared by Bradylee McGeough
50						Business Manager and Clerk of District
51
52		*	Tax Levy adjusted to $28,000; current accounting system counts amounts received from special assessments twice.
53			Tax Levy adjusted to show expected and usual amount from tax levy.
54		**	Nearly all of this amount is reimburssable through Northeast and East Lake Drives Expansion Project.
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