HomeMy Public PortalAboutDec (FY20) Segmented Income StatementDecember 2019 December 2019 December 2019
YTD YTD YTD
Sanitary Storm Total
Operating Revenues:
Sewer service charges 221,009,968$ (707)$ 221,009,261$
Recovery of (provision for) doubtful sewer service charge (2,616,209) 4,765 (2,611,444)
Licenses, permits, and other fees 1,549,519 - 1,549,519
Other 1,109,813 - 1,109,813
Total operating revenues 221,053,091 4,058 221,057,149
Operating Expenses:
Pumping and treatment 32,704,993$ -$ 32,704,993$
Collection system maintenance 15,385,629 8,545,953 23,931,582
Engineering 448,447 5,407,094 5,855,541
General and administrative 29,304,484 225,414 29,529,898
Water backup claims 2,931,005 - 2,931,005
Depreciation 37,483,474 5,853,013 43,336,487
Asset Management 7,281,068 2,369,300 9,650,368
Total operating expenses 125,539,100 22,400,774 147,939,874
Operating Income 95,513,991$ (22,396,716)$ 73,117,275$
Nonoperating Revenues:
Property taxes levied by the District -$ 34,007,135$ 34,007,135$
Investment income 5,762,496 761,159 6,523,655
Rent and other income 151,132 - 151,132
Total nonoperating revenues 5,913,628 34,768,294 40,681,922
Non-operating Expenses:
Net (gain) loss on disposal and sale of capital assets 243,976$ 107,996$ 351,972$
Non-recurring projects and studies 4,882,082 1,471,858 6,353,940
Interest expense 18,884,997 18,884,997
Total non-operating expenses 24,011,055 1,579,854 25,590,909
Income before Capital Contributions 77,416,564$ 10,791,724$ 88,208,288$
Capital Contributions:
Utility plant contributed 1,448,546$ 1,242,279$ 2,690,825$
Grant revenue - - -
Total capital contributions 1,448,546 1,242,279 2,690,825
Change in Net Position 78,865,110$ 12,034,003$ 90,899,113$
Net Position-Beginning of Year 2,061,494,443$ 559,029,713$ 2,620,524,156$
Effect of Adoption of GASB 75
Net Position-End of Year 2,140,359,553$ 571,063,716$ 2,711,423,269$
METROPOLITAN ST. LOUIS SEWER DISTRICT
FOR THE PERIOD ENDING
December 2019
(UNAUDITED)
SEGMENTED STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION