HomeMy Public PortalAboutMarch (FY20) Segmented Income StatementMarch 2020 March 2020 March 2020
YTD YTD YTD
Sanitary Storm Total
Operating Revenues:
Sewer service charges 328,075,078$ (1,189)$ 328,073,889$
Recovery of (provision for) doubtful sewer service charge (4,130,160) 10,252 (4,119,908)
Licenses, permits, and other fees 2,277,273 - 2,277,273
Other 8,369,275 145 8,369,420
Total operating revenues 334,591,466 9,208 334,600,674
Operating Expenses:
Pumping and treatment 46,890,688$ -$ 46,890,688$
Collection system maintenance 26,026,989 10,022,949 36,049,938
Engineering 652,405 8,078,276 8,730,681
General and administrative 45,019,238 464,445 45,483,683
Water backup claims 4,193,473 - 4,193,473
Depreciation 56,180,663 8,809,010 64,989,673
Asset Management 10,180,692 2,665,465 12,846,157
Total operating expenses 189,144,148 30,040,145 219,184,293
Operating Income 145,447,318$ (30,030,937)$ 115,416,381$
Nonoperating Revenues:
Property taxes levied by the District -$ 34,874,783$ 34,874,783$
Investment income 12,716,283 1,817,380 14,533,663
Rent and other income 226,382 - 226,382
Total nonoperating revenues 12,942,665 36,692,163 49,634,828
Non-operating Expenses:
Net (gain) loss on disposal and sale of capital assets 406,356$ 129,710$ 536,066$
Non-recurring projects and studies 8,471,788 2,414,782 10,886,570
Interest expense 27,399,563 27,399,563
Total non-operating expenses 36,277,707 2,544,492 38,822,199
Income before Capital Contributions 122,112,276$ 4,116,734$ 126,229,010$
Capital Contributions:
Utility plant contributed 2,412,378$ 1,806,783$ 4,219,161$
Grant revenue 76,948 - 76,948
Total capital contributions 2,489,326 1,806,783 4,296,109
Change in Net Position 124,601,602$ 5,923,517$ 130,525,119$
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 2,186,096,045$ 564,953,230$ 2,751,049,275$
METROPOLITAN ST. LOUIS SEWER DISTRICT
FOR THE PERIOD ENDING
March 2020
(UNAUDITED)
SEGMENTED STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION