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HomeMy Public PortalAboutSep (FY20) Income StatementSEPTEMBER 2019 AUGUST 2019 SEPTEMBER 2019 AUGUST 2019 Current Month % Change SEQ #YTD YTD Current Month Current Month less Prior Month from Prior Month Operating Revenues: 301 Sewer service charges 108,679,718$ 71,821,382$ 36,858,336$ 36,423,538$ 434,798$ 1.2% 302 Recovery of (provision for) doubtful sewer service charge (1,325,390) (836,047) (489,343) (567,657) 78,314$ -13.8% 304 Licenses, permits, and other fees 926,194 684,112 242,082 283,068 (40,986)$ -14.5% 305 Other 452,947 292,642 160,305 131,889 28,416$ 21.5% Total operating revenues 108,733,469$ 71,962,089$ 36,771,380$ 36,270,838$ 500,542$ 1.4% Operating Expenses: 306 Pumping and treatment 17,562,689$ 11,793,752$ 5,768,937$ 5,670,904$ 98,033$ 1.7% 307 Collection system maintenance 12,315,371 7,938,431 4,376,940 4,007,823 369,117 9.2% 308 Engineering 2,675,479 1,744,029 931,450 544,746 386,704 71.0% 309 General and administrative 13,494,144 9,009,611 4,484,533 4,524,032 (39,499) -0.9% 310 Water backup claims 2,528,692 2,039,505 489,187 1,827,900 (1,338,713) -73.2% 311 Depreciation 21,398,683 14,428,794 6,969,889 7,296,455 (326,566) -4.5% 312 Asset Management 4,160,036 2,736,126 1,423,910 1,155,327 268,583 23.2% Total operating expenses 74,135,094$ 49,690,248$ 24,444,846 25,027,187 (582,341)$ -2.3% Operating Income 34,598,375$ 22,271,841$ 12,326,534$ 11,243,651$ 1,082,883$ 9.6% Non-operating Revenues: 313 Property taxes levied by the District 109,473$ 66,447$ 43,026$ 31,066$ 11,960$ 38.5% 314 Investment income 3,532,029 3,377,051 154,978 2,877,497 (2,722,519) -94.6% 315 Rent and other income 75,249 50,166 25,083 25,083 - 0.0% Total non-operating revenues 3,716,751$ 3,493,664$ 223,087$ 2,933,646$ (2,710,559)$ -92.4% Non-operating Expenses: 316 Net loss on disposal and sale of capital assets 86,250$ 70,879$ 15,371$ 22,923$ (7,552)$ -32.9% 317 Non-recurring projects and studies 3,834,102 1,908,500 1,925,602 436,298 1,489,304 341.4% 318 Interest expense 8,854,805 6,744,014 2,110,791 3,915,221 (1,804,430) -46.1% Total non-operating expenses 12,775,157$ 8,723,393$ 4,051,764$ 4,374,442$ (322,678)$ -7.4% Income before Capital Contributions 25,539,969$ 17,042,112$ 8,497,857$ 9,802,855$ (1,304,998)$ -13.3% Capital Contributions: 319 Capital assets contributed 1,403,478$ 865,171$ 538,307$ 403,567$ 134,740$ 33.4% 320 Grant revenue - - - - - N/A Total capital contributions 1,403,478$ 865,171$ 538,307$ 403,567$ 134,740$ 33.4% Change in Net Position 26,943,447$ 17,907,283$ 9,036,164$ 10,206,422$ (1,170,258)$ -11.5% Net Position-Beginning of Year 2,620,524,156$ 2,620,524,156$ Net Position-End of Period 2,647,467,603$ 2,638,431,439$ METROPOLITAN ST. LOUIS SEWER DISTRICT STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION SEPTEMBER 2019 (UNAUDITED)