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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