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Home My WebLink About2013.12.17_OPWA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO PUBLIC WORKS AUTHORITY TYPE OF MEETING: Regular DATE: December 17, 2013 TIME: 6:30 pm PLACE: Council Chambers, Old Central Building 109 N. Birch A Notice of the meeting and agenda filed in tt e office of the City Ci at 6:00 pm on Friday, December 13, 2013. / I _ i , /;7/ M. Stevens AGENDA Call to Order Chairman Doug Bonebrake 2. Roll Call RECEIVED DEC ). s IM Y, City Clerk's Otfice posted at City Hall Clerk 3. Consideration and appropriate action relating to a request for approval of the Consent Agenda. All matters listed under "Consent' are considered by the Trustees to be routine and will be enacted by one motion. Any Trustee may, however, remove an item from the Consent Agenda by request. A motion to adopt the Consent Agenda is non - debatable A. Approval of the Minutes of the December 3, 2013 Regular Meeting and the December 10, 2013 Work Session Attachment #3A B. Approval of Claims Attachment #3B C. Receipt of the Monthly Budget Status Report Attachment #3C 4. Consideration and appropriate action relating to items removed from the Consent Agenda 5. Report from OPWA Manager 6. Report from OPWA Attorney 7. New Business (New Business is any item of business which could not have been foreseen at the time of posting of the agenda) 8. Adjournment OWASSO PUBLIC WORKS AUTHORITY MINUTES OF REGULAR MEETING Tuesday, December 3, 2013 The Owasso Public Works Authority met in regular session on Tuesday, December 3, 2013 in the Council Chambers at Old Central per the Notice of Public Meeting and Agenda posted on the City Hall bulletin board at 6:00 pm on November 27, 2013. 1. Cali to Order Chairman Bonebrake called the meeting to order at 6:30 pm. 2. Invocation The invocation was offered by Dale Blackwood of First Baptist Church. 3. Flag Salute Councilor Moberly led the flag salute. 4. Presentation of the Character Trait of Self - Control Scott Pollett, Character Council Member, presented "Self- Control," the Character Trait of the Month for December 2013. 5. Roll Call Present: Chairman - Doug Bonebrake Vice- Chairman - Chris Kelley Trustee - Charlie Brown Trustee - Jeri Moberly Trustee - Patrick Ross A quorum was declared present. Staff Interim Authority Manager- Warren Lehr Authority Attorney - Julie Lombardi Owasso Public Works Authority December 3, 2013 Page 2 6. Consideration and appropriate action relating to a request for approval of the Consent Agenda. All matters listed under "Consent' are considered by the Trustees to be routine and will be enacted by one motion. Any Trustee may, however, remove an item from the Consent Agenda by request. A motion to adopt the Consent Agenda is non - debatable A. Approval of the Minutes of the November 19, 2013 Regular Meeting B. Approval of Claims Mr. Brown moved, seconded by Ms. Moberly to approve the Consent Agenda with claims totaling $536,336.62. Also, included for review were the self- insurance claims report and the payroll report for 11 /16/13. YEA: Brown, Moberly, Ross, Kelley, Bonebrake NAY: None Motion carried: 5 -0 Consideration and appropriate action relating to items removed from the Consent Agenda No action required 8. Consideration and appropriate action relating to the adoption of Resolution No. 2013 -07, approving and authorizing a Clean Water SRF Loan from the Oklahoma Water Resources Board in the total aggregate principal amount of $3,425,000; approving the issuance of a Series 2013 Clean Water SRF Promissory Note to Oklahoma Water Resources Board in the total aggregate principal amount of $3,425,000, secured by a pledge of revenues and authorizing its execution; approving and authorizing the execution of a loan agreement for Clean Water SRF Loan; designating a local Trustee and approving and authorizing the execution of a trust agreement; approving and authorizing the execution of a security agreement; ratifying and confirming a lease whereby the City of Owasso leased to the Owasso Public Works Authority its water, sanitary sewer, and garbage and trash collection systems and the Bailey Ranch Golf Club; ratifying and confirming a subordinate lien sales tax agreement; ratifying and confirming a parity agreement; approving various covenants; approving and authorizing payment of fees and expenses; and containing other provisions relating thereto Linda Jones presented the item recommending adoption of Resolution No. 2013 -07. After discussion, Dr. Kelley moved, seconded by Ms. Moberly to adopt Resolution No. 2013 -07, as recommended. YEA: Brown, Moberly, Ross, Kelley, Bonebrake NAY: None Motion carried: 5 -0 Owasso Public Works Authority December 3, 2013 Page 3 9. Consideration and appropriate action relating to the award of a construction bid for the Ranch Creek Sewer Interceptor Improvement Project Roger Stevens presented the item recommending the contract for construction of the Ranch Creek Sanitary Sewer Interceptor Project be awarded to Rosetta Construction, LLC, of Springfield, Missouri in the amount of $2,864,543 and authorization for the Chairman to execute the construction contract. After discussion, Ms. Moberly moved, seconded by Mr. Brown to award the construction bid for the Ranch Creek Sewer Interceptor Improvement Project and authorize signatures, as recommended. YEA: Brown, Moberly, Ross, Kelley, Bonebrake NAY: None Motion carried: 5 -0 10. Report from OPWA Manager No report 11. Report from OPWA Attorney No report 12. New Business None 13. Adjournment Mr. Ross moved, seconded by Mr. Brown to adjourn the meeting. YEA: Brown, Moberly, Ross, Kelley, Bonebrake NAY: None Motion carried 5 -0 and the meeting was adjourned at 7:00 pm. Doug Bonebrake, Chairman Lisa Wilson, Minute Clerk OWASSO CITY COUNCIL, OPWA, AND OPGA MINUTES OF JOINT REGULAR MEETING Tuesday, December 10, 2013 The Owasso City Council, Owasso Public Works Authority, and Owasso Public Golf Authority met in a joint regular meeting on Tuesday, December 10, 2013 in the Council Chambers at Old Central, 109 N. Birch Street, per the Notice of Public Meeting and Agenda posted on the City Hall bulletin board at 6:00 pm on Friday, December 6, 2013. ITEM l: CALL TO ORDER Mayor Bonebrake called the meeting to order at 6:04 pm. PRESENT ABSENT Doug Bonebrake, Mayor /Chairman None Chris Kelley Vice Mayor /Vice Chairman Charlie Brown Councilor /Trustee Jeri Moberly, Councilor /Trustee Patrick Ross, Councilor /Trustee A quorum was declared present ITEM 2: DISCUSSION RELATING TO ADMINISTRATION ITEMS A. Website Content Management Teresa Willson presented item A and discussion was held. Ms. Willson commented that staff was finalizing the evaluation of vendor services and anticipates placing the item on the December 17, 2013 agenda for Council consideration and appropriate action. ITEM 3: DISCUSSION RELATING TO OPERATIONAL ITEMS A. Maple Glen IV B. Recycle Center Master Plan C. FY 2015 Community Development Block Grant Bronce Stephenson presented item A and discussion was held. It was further explained that staff anticipates placing the Maple Glen IV Final Plat on the December 17, 2013 agenda for Council consideration and appropriate action. Roger Stevens presented item B and discussion was held. Mr. Stevens commented that a public hearing to solicit citizen input is anticipated for the January 21, 2014 Council meeting. The Council recessed the meeting at 7:13 pm and returned at 7:18 pm. Bronce Stephenson presented item C and discussion was held. Mr. Stephenson commented that a community meeting would take place in January in order to receive citizen input and suggestions for the 2015 Community Development Block Grant funds. Information related to the public meeting will be disseminated using the city's social media sites and local news media. December 10, 2013 Page 2 ITEM 4: DISCUSSION RELATING TO CITY MANAGER ITEMS A. City Manager Report • RFQs for Former Bank Building Remodel • Sales Tax Report • City Manager Report Warren Lehr stated that requests for qualifications were received for the design of the future City Hall building and that staff has completed an evaluation of each submittal. Mr. Lehr further advised that staff completed fee negotiations with BKL Incorporated of Tulsa, Oklahoma and anticipates placing an item on the December 17, 2013 Council agenda for consideration and action to approve an agreement for professional architectural and engineering services for the renovation work. Discussion was held. Sherry Bishop provided the monthly sales tax report and discussion was held. Warren Lehr reminded the Council of the parade on Saturday, December 14 at 9:00am. He also advised of the following: a resolution calling an election will be placed on the December 17 agenda; staff continues to discuss with SKO railroad representatives concerns with blocking the railroad track across E 76 Street North and possible solutions; the OEDA at their December 12 meeting will discuss a federal tax exempt financing program for economic development; staff received the results of a traffic study conducted for the HWY 20 signalization project and is reviewing the findings. ITEM 5: DISCUSSION RELATING TO FINANCIAL DISCLOSURE POLICY Councilor Brown presented this item. Discussion was held regarding a draft financial disclosure statement and possible resolution language as provided by Councilor Brown. Councilor Brown requested Julie Lombardi draft a resolution in a format that could be used by the city. Following additional discussion, Councilor Brown stated that he will revise the draft form based on the discussion held and will bring it back before the Council for additional consideration. ITEM 6: REPORT FROM CITY COUNCILORS Mayor Bonebrake expressed appreciation to city staff for their snow and ice removal efforts during and after the weekend winter weather event. ITEM 7: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST FOR AN EXECUTIVE SESSION FOR THE PURPOSE OF DISCUSSING PROSPECTIVE CANDIDATES FOR EMPLOYMENT FOR THE POSITION OF CITY MANAGER; SUCH REQUEST PURSUANT TO TITLE 25 O.S. § 307(8)(1) Councilor Kelley moved, second by Councilor Moberly to enter into executive session. YEA: Brown, Kelley, Moberly, Ross, Bonebrake NAY: None Motion carried 5 -0. The Council with Gary Holland and Julie Lombardi entered into executive session at 8:29 pm. At 8:35 pm the Council returned to the Council Chambers and resumed in open meeting. December 10, 2013 Page 3 ITEM 8: ADJOURNMENT Councilor Moberly moved for adjournment, seconded by Councilor Brown, YEA: Brown, Kelley, Moberly, Ross, Bonebrake NAY: None Motion carried 5 -0 Meeting adjourned at 9:36 p.m. Doug Bonebrake, Mayor /Chairman Juliann Stevens, Minute Clerk Claims List 12/17/2013 Budget Unit Title Vendor Name Payable Description Payment Amount OPWA ADMINISTRATION CITY GARAGE LABORtOVERHEAD - NOV, 201 250.00 JPMORGAN CHASE BANK LOWES -DOOR REPLACEMENTS 4.37 JPMORGAN CHASE BANK LOWES -DOOR REPLACEMENTS 4.75 UNIFIRST HOLDINGS LP UNIFORM RENTAL 52.91 UNIFIRST HOLDINGS LP UNIFORM RENTAL 49.91 YOUNGS FIRE SUPPRESSION SERVICES ANNUAL FIRE EXTINGUISHER 85.00 YOUNGS FIRE SUPPRESSION SERVICES ANNUAL FIRE EXTINGUISHER 135.00 JPMORGAN CHASE BANK AMER PUB WRKS - MEMBERSHP 174.00 JPMORGAN CHASE BANK SAMS- SUPPLIES 162.88 JPMORGAN CHASE BANK OFFICE DEPOT - SUPPLIES 9.16 JPMORGAN CHASE BANK OFFICE DEPOT - SUPPLIES 22.93 JPMORGAN CHASE BANK OFFICE DEPOT - SUPPLIES 11.42 AT &T CONSOLIDATED PHONE BILL 507.84 ONEOK, INC OKLAHOMA NATURAL GAS NATURAL GAS USAGE 627.42 TOTAL OPWA ADMINISTRATION 2,097.59 UTILITY BILLING TODD C. KIMBALL METER READER 474.30 TYRONE EUGENE DINKINS METER READER 156.60 KATHLEEN A BALSIGER METER READER 561.15 TRACY HARLIN METER READER 348.30 TECHNICAL PROGRAMMING SERVICES INC BILLING SERVICES 1,265.18 JPMORGAN CHASE BANK OFFICE EVERYTHING- SUPPLIE 146.64 TOTAL UTILITY BILLING 2,952.17 WATER JPMORGAN CHASE BANK DITCH WITCH- BUCKET PINS 47.88 JPMORGAN CHASE BANK LOWES- HEATER FOR TOWER 298.98 JPMORGAN CHASE BANK HD SUPPLY -METER CANS 2,066.11 JPMORGAN CHASE BANK HD SUPPLY -2" METER SET 2,631.25 JPMORGAN CHASE BANK HD SUPPLY -20 WATER METERS 720.00 JPMORGAN CHASE BANK HD SUPPLY -HYMAX COUPLINGS 477.75 JPMORGAN CHASE BANK HD SUPPLY -FIRE HYD PARTS 254.44 JPMORGAN CHASE BANK HD SUPPLY -12" SLEEVE 144.25 JPMORGAN CHASE BANK HD SUPPLY -40 REGISTERS 980.00 JPMORGAN CHASE BANK MAXWELL -STRAW 116 GARNETT 143.60 JPMORGAN CHASE BANK EQUIP ONE - HEATER PROPANE 63.22 JPMORGAN CHASE BANK TRANSCO -PPE 12.10 JPMORGAN CHASE BANK OWASSO AUTO CARE - REPAIR 403.76 JPMORGAN CHASE BANK GREENHILL- SCREENING 67.64 JPMORGAN CHASE BANK LOWES- HEATER 23.73 JPMORGAN CHASE BANK ATWOODS- CENTER PUNCH 26.64 JPMORGAN CHASE BANK ATWOODS- CENTER PUNCH 24.59 JPMORGAN CHASE BANK ATWOODS -AIR CHUCK 8.38 JPMORGAN CHASE BANK ATWOODS- STARTING FLUID 3.78 SOUTH KANSAS & OKLAHOMA RAILROAD IWATER LINE PROPERTY LEASE 300.00 Page 1 Claims List 12/17/2013 Budget Unit Title Vendor Name Payable Description Payment Amount WATER... UNIFIRST HOLDINGS LP UNIFORM RENTAL 54.36 JPMORGAN CHASE BANK HD SUPPLY - CREDIT - 1,590.00 JPMORGAN CHASE BANK ATWOODS- RETURN -26.64 CITY OF TULSA UTILITIES WATER 87,529.79 CITY OF TULSA UTILITIES WATER 116,947.14 JPMORGAN CHASE BANK ARROWHEAD TRK -DUMP BED 12,540.00 CITY GARAGE LABORIOVERHEAD - NOV, 201 1,720.83 CITY GARAGE VEHICLE PARTS - NOV, 2013 1,994.88 JPMORGAN CHASE BANK GRAINGER -PPE 24.77 FLEETCOR TECHNOLOGIES FUELMAN EXPENSES - NOV, 2 1,298.12 UNIFIRST HOLDINGS LP UNIFORM RENTAL 54.36 TOTAL WATER 229,245.71 WASTEWATER TREATMENT UNIFIRST HOLDINGS LP UNIFORM RENTAL 61.54 JPMORGAN CHASE BANK GRAINGER - COLDWEAR GLOVES 41.48 JPMORGAN CHASE BANK GRAINGER- CABINET PARTS 627.75 FLEETCOR TECHNOLOGIES FUELMAN EXPENSES - NOV, 2 342.43 JPMORGAN CHASE BANK GRAINGER -PPE 24.77 JPMORGAN CHASE BANK GRAINGER -RAG CARTS 1,962.00 CITY GARAGE VEHICLE PARTS - NOV, 2013 62.33 CITY GARAGE LABOR/OVERHEAD - NOV, 201 666.66 TECHSICO ENTERPRISE SOLUTIONS FIBER TRANSCEIVERS 507.00 UNIFIRST HOLDINGS LP UNIFORM RENTAL 87.79 WALLACE ENGINEERING STRUCTURAL ENGINEERING SERVICES 1,213.00 JPMORGAN CHASE BANK OREILLY - LUBRICANT 26.27 JPMORGAN CHASE BANK GRAINGER - COLDWEAR 129.22 JPMORGAN CHASE BANK GRAINGER - LIGHTS 82.77 JPMORGAN CHASE BANK GREEN CO TEST - SLUDGE TEST 4110 JPMORGAN CHASE BANK SAMS - SUPPLIES 239.72 JPMORGAN CHASE BANK HACH - AMMONIA TESTING 214.82 JPMORGAN CHASE BANK HACK -FECAL TESTING 69.95 JPMORGAN CHASE BANK HACH- TURBIDIMETER PARTS 76.07 JPMORGAN CHASE BANK HACH - CYLINDER ASSEMBLY 122.17 AT &T CONSOLIDATED PHONE BILL 229.40 JPMORGAN CHASE BANK NAT'L SAFETY - TRAINING 15.95 JPMORGAN CHASE BANK TRANSCO -PPE 12.10 JPMORGAN CHASE BANK WASTE MGMT -SLUDE REMOVAL 1,750.87 JPMORGAN CHASE BANK OFFICE DEPOT- SUPPLIES 10.63 JPMORGAN CHASE BANK NAT'L SAFETY- TRAINING 15.95 JPMORGAN CHASE BANK BEST BUY -TWO WAY RADIOS 124.40 JPMORGAN CHASE BANK LOWES - INSULATION 150.04 JPMORGAN CHASE BANK LOWES-WWTP MATERIAL 134.15 TOTAL WASTEWATER TREATMENT 9,042.43'.. Page 2 Claims List 12/17/2013 Budget Unit Title Vendor Name Payable Description Payment Amount WASTEWATER COLLECTION; JPMORGAN CHASE BANK LODGING EXPENSE 172.80 JPMORGAN CHASE BANK HD SUPPLY- MATERIALS 90.00 VERDIGRIS VALLEY ELECTRIC COOP DOUBLE OAKS ELECTRIC 6.55 JPMORGAN CHASE BANK TRANSCO -PPE 12.10 JPMORGAN CHASE BANK NAIL SAFETY - TRAINING 15.95 VERDIGRIS VALLEY ELECTRIC COOP COFFEE CREEK ELECTRIC 569.47 JPMORGAN CHASE BANK ROBBYS MOWERS -JACK HANDLE 14.95 JPMORGAN CHASE BANK AMERIFLEX- JETTER HOSE 110.00 ONEOK, INC OKLAHOMA NATURAL GAS NATURAL GAS USAGE 156.48 VERDIGRIS VALLEY ELECTRIC COOP WATER CONTROL ELECTRIC 25.76 VERDIGRIS VALLEY ELECTRIC COOP GARRETT CREEK ELECTRIC 146.08 VERDIGRIS VALLEY ELECTRIC COOP GARRETT CREEK ELECTRIC 271.89 JACQUELYN BROOKE KONONCHUK CONSULTING SERVICES 1,508.75 JPMORGAN CHASE BANK ADVANCE AUTO - BATTERY 104.49 UNIFIRST HOLDINGS LP UNIFORM RENTAL 39.93 CITY GARAGE LABOR /OVERHEAD - NOV, 201 916.66 CITY GARAGE VEHICLE PARTS - NOV, 2013 581.42 JPMORGAN CHASE BANK GRAINGER -PPE 24.77 BLUE ENERGY FUELS, LLC CNG FUEL PURCHASES - NOV, 11.91 FLEETCOR TECHNOLOGIES FUELMAN EXPENSES - NOV, 2 489.73 UNIFIRST HOLDINGS LP 1UNIFORM RENTAL 1 39.93 TOTAL WASTEWATER COLLECTIONS 5,309.62 RANCH CREEK INTERCEPTOI LONNIE M. LAMB & SANDRA J. LAMB EASEMENT ACQUISITION 20,987.00 FEDERAL EXPRESS CORPORATION DOCUMENT SHIPPING 26.29 TOTAL RANCH CREEK INTERCEPTOR 21,013.29 HALES ACRES SEW LINE REf JPMORGAN CHASE BANK WATCO- RAILROAD PERMIT 2,500.OD TOTAL HALES ACRES SEW LINE REPL 2,500.00 REFUSE COLLECTIONS JPMORGAN CHASE BANK ALSUMA -TRUCK REPAIRS 1,514.33 JPMORGAN CHASE BANK GRAINGER -PPE 24.77 CITY GARAGE VEHICLE PARTS - NOV, 2013 768.11 CITY GARAGE LABOR /OVERHEAD - NOV, 201 3,166.66 JPMORGAN CHASE BANK CRANE CARRIER - MIRRORS 59.24 BLUE ENERGY FUELS, LLC CNG FUEL PURCHASES - NOV, 181.97 JPMORGAN CHASE BANK GELLCO- SAFETY BOOTS 125.00 JPMORGAN CHASE BANK OREILLY- GREASE 85.99 UNIFIRST HOLDINGS LP UNIFORM RENTAL 44.80 FLEETCOR TECHNOLOGIES FUELMAN EXPENSES - NOV, 2 7,672.54 COVANTA LANCASTER, INC REFUSE TIPPING FEES 4,192.43 UNIFIRST HOLDINGS LP UNIFORM RENTAL 44.80 VERIZON WIRELESS IWIRELESS CONNECTION 1 29.65 Page 3 Claims List 12/17/2013 Budget Unit Title Vendor Name Payable Description Payment Amount REFUSE COLLECTIONS... AT &T CONSOLIDATED PHONE BILL 38.23 JPMORGAN CHASE BANK TRANSCO -PPE 12.10 JPMORGAN CHASE BANK BUMPER TO BUMPER- FLUIDS 104.15 TOTAL REFUSE COLLECTIONS 18,064.77 RECYCLE CENTER JPMORGAN CHASE BANK BURNS PROPANE- PROPANE 145.88 AT &T CONSOLIDATED PHONE BILL 38.23 UNIFIRST HOLDINGS LP UNIFORM RENTAL 10.98 UNIFIRST HOLDINGS LP UNIFORM RENTAL 10.98 JPMORGAN CHASE BANK OREILLY -TIRE GAUGE 10.22 CITY GARAGE LABORIOVERHEAD - NOV, 201 166.66 JPMORGAN CHASE BANK WASTE MGMT- TIPPING FEES 1,444.71 JPMORGAN CHASE BANK BURNS PROPANE -TANK RENTAL 45.00 TOTAL RECYCLE CENTER 1,872.66 OPWA DEBT SERVICE THE BANK OF NEW YORK MELLON NOTE 06 1,500.00 THE BANK OF NEW YORK MELLON NOTE 2011 500.00 TOTAL OPWA DEBT SERVICE 2,000.00 294,098.2 FUND GRAND TOTAL OPWA GRAND TOTAL $294,098.24 Page 4 OWASSO PUBLIC WORKS AUTHORITY PAYROLL PAYMENT REPORT PAY PERIOD ENDING DATE 11130113 Department Payroll Expenses Total Expenses OPWA Administration 8,014.33 11,443.78 Utility Billing 4,465.62 7,640.43 Water 12,246.81 20,230.15 Wastewater 10,506.24 17,452.09 Wastewater Collection 7,534.17 12,400.51 Santa Fe Lift Station - Refuse 11,159.71 17,283.25 Recycle Center 958.40 1,846.87 FUND TOTAL 54,885.28 88,297.08 OWASSO PUBLIC WORKS AUTHORITY - OPERATING FUND FISCAL YEAR 2013 -2014 Statement of Revenues & Expenses As of November 30, 2013 MONTH YEAR PERCENT TO -DATE TO -DATE BUDGET OF BUDGET Water $ 387,556 $ 2,342,352 $ 5,440,000 43.06% Wastewater 294,231 1,497,074 3,450,000 43.39% Refuse & recycle 153,400 795,346 1,836,000 43.32% Otherfees 30,308 189,025 524,000 36.07% Interest & other 6,422 209,122 221,220 94.53% TOTAL OPERATING REVENUES $ 871,916 $ 5,032,920 $ 11,471,220 43.87% Personal services $ 170,588 $ 908,257 $ 2,375,040 38.24% Materials & supplies 272,983 1,589,770 3,680,895 43.19% Other services 142,316 695,895 1,548,554 44.94% Capital outlay 12,980 94,078 5,579,338 1.69% Debt service 195,621 1,712,850 3,253,101 52.65% TOTAL OPERATING EXPENSES $ 794,489 $ 5,000,850 $ 16,436,928 30.42% REVENUES OVER EXPENSES $ 77,427 $ 32,071 $ (4,965,708) TRANSFERS IN (OUT) Transfers in $ - $ 118,550 $ 235,101 50.43% Transfers out - (100,000) (400,000) 25.00% TOTAL TRANSFERS $ - $ 18,550 $ (164,899) OWRB PROCEEDS AND EXPENDITURES Proceeds of OWRB debt $ - $ - $ 4,502,096 0.00% Expenditures of OWRB Debt (2,407) (15,741) (467,096) 3.37% TOTAL OWRB PROCEEDS AND EXPENDITURES $ (2,407) $ (15,741) $ 4,035,000 NET INCOME (LOSS) $ 75,020 $ 34,880 $ (1,095,607) WORKING CAPITAL - Beginning Balance $ 2,029,870 $ 2,029,870 WORKING CAPITAL - Ending Balance $ 2,064,750 $ 934,263