HomeMy Public PortalAboutMarch (FY20) Income Statement4/21/2020 9:28 AM
MARCH 2020 FEBRUARY 2020 MARCH 2020 FEBRUARY 2020 Current Month % Change
SEQ #YTD YTD Current Month Current Month less Prior Month from Prior Month
Operating Revenues:
301 Sewer service charges 328,073,889$ 293,546,544$ 34,527,345$ 35,618,445$ (1,091,100)$ -3.1%
302 Recovery of (provision for) doubtful sewer service charge (4,119,908) (3,672,316) (447,592) (513,477) 65,885 -12.8%
304 Licenses, permits, and other fees 2,277,273 2,036,241 241,032 268,785 (27,753) -10.3%
305 Other 8,369,420 8,063,344 306,076 6,632,712 (6,326,636) -95.4%
Total operating revenues 334,600,674$ 299,973,813$ 34,626,861$ 42,006,465$ (7,379,604)$ -17.6%
Operating Expenses:
306 Pumping and treatment 46,890,688$ 41,848,056$ 5,042,632$ 4,459,631$ 583,001$ 13.1%
307 Collection system maintenance 36,049,938 31,971,668 4,078,270 3,785,125 293,145 7.7%
308 Engineering 8,730,681 7,991,748 738,933 995,367 (256,434) -25.8%
309 General and administrative 45,483,683 39,935,863 5,547,820 5,061,663 486,157 9.6%
310 Water backup claims 4,193,473 3,816,828 376,645 409,424 (32,779) -8.0%
311 Depreciation 64,989,673 57,563,109 7,426,564 6,890,820 535,744 7.8%
312 Asset Management 12,846,157 12,024,008 822,149 716,658 105,491 14.7%
Total operating expenses 219,184,293$ 195,151,280$ 24,033,013 22,318,688 1,714,325$ 7.7%
Operating Income 115,416,381$ 104,822,533$ 10,593,848$ 19,687,777$ (9,093,929)$ -46.2%
Non-operating Revenues:
313 Property taxes levied by the District 34,874,783$ 34,711,721$ 163,062$ 87,753$ 75,309$ 85.8%
314 Investment income 14,533,663 11,007,830 3,525,833 2,531,544 994,289 39.3%
315 Rent and other income 226,382 201,299 25,083 25,083 - 0.0%
Total non-operating revenues 49,634,828$ 45,920,850$ 3,713,978$ 2,644,380$ 1,069,598$ 40.4%
Non-operating Expenses:
316 Net loss on disposal and sale of capital assets 536,066$ 412,528$ 123,538$ 10,185$ 113,353$ 1112.9%
317 Non-recurring projects and studies 10,886,570 8,035,582 2,850,988 224,404 2,626,584 1170.5%
318 Interest expense 27,399,563 24,377,386 3,022,177 2,540,232 481,945 19.0%
Total non-operating expenses 38,822,199$ 32,825,496$ 5,996,703$ 2,774,821$ 3,221,882$ 116.1%
Income before Capital Contributions 126,229,010$ 117,917,887$ 8,311,123$ 19,557,336$ (11,246,213)$ -57.5%
Capital Contributions:
319 Capital assets contributed 4,219,161$ 3,749,347$ 469,814$ 455,237$ 14,577$ 3.2%
320 Grant revenue 76,948 76,948 - 76,948 (76,948) -100.0%
Total capital contributions 4,296,109$ 3,826,295$ 469,814$ 532,185$ (62,371)$ -11.7%
Change in Net Position 130,525,119$ 121,744,182$ 8,780,937$ 20,089,521$ (11,308,584)$ -56.3%
Net Position-Beginning of Year 2,620,524,156$ 2,620,524,156$
Net Position-End of Period 2,751,049,275$ 2,742,268,338$
METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
MARCH 2020
(UNAUDITED)