HomeMy Public PortalAboutSep (FY20) Segmented Income StatementSeptember 2019 September 2019 September 2019
YTD YTD YTD
Sanitary Storm Total
Operating Revenues:
Sewer service charges 108,679,917$ (199)$ 108,679,718$
Recovery of (provision for) doubtful sewer service charge (1,328,197) 2,807 (1,325,390)
Licenses, permits, and other fees 926,194 - 926,194
Other 452,947 - 452,947
Total operating revenues 108,730,861 2,608 108,733,469
Operating Expenses:
Pumping and treatment 17,562,689$ -$ 17,562,689$
Collection system maintenance 8,321,536 3,993,835 12,315,371
Engineering (90,768) 2,766,247 2,675,479
General and administrative 13,489,403 4,741 13,494,144
Water backup claims 2,528,692 - 2,528,692
Depreciation 18,500,065 2,898,618 21,398,683
Asset Management 3,837,571 322,465 4,160,036
Total operating expenses 64,149,188 9,985,906 74,135,094
Operating Income 44,581,673$ (9,983,298)$ 34,598,375$
Nonoperating Revenues:
Property taxes levied by the District -$ 109,473$ 109,473$
Investment income 3,090,415 441,614 3,532,029
Rent and other income 75,249 - 75,249
Total nonoperating revenues 3,165,664 551,087 3,716,751
Non-operating Expenses:
Net (gain) loss on disposal and sale of capital assets 31,616$ 54,634$ 86,250$
Non-recurring projects and studies 2,811,835 1,022,267 3,834,102
Interest expense 8,854,805 8,854,805
Total non-operating expenses 11,698,256 1,076,901 12,775,157
Income before Capital Contributions 36,049,081$ (10,509,112)$ 25,539,969$
Capital Contributions:
Utility plant contributed 851,840$ 551,638$ 1,403,478$
Grant revenue - - -
Total capital contributions 851,840 551,638 1,403,478
Change in Net Position 36,900,921$ (9,957,474)$ 26,943,447$
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 2,098,395,364$ 549,072,239$ 2,647,467,603$
METROPOLITAN ST. LOUIS SEWER DISTRICT
FOR THE PERIOD ENDING
September 2019
(UNAUDITED)
SEGMENTED STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION