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HomeMy Public PortalAboutSeptember (FY21) Income StatementSEPTEMBER 2020 AUGUST 2020 SEPTEMBER 2020 AUGUST 2020 Current Month % Change YTD YTD Current Month Current Month less Prior Month from Prior Month   Operating Revenues: Sewer service charges                                    103,469,805$           67,679,566$             35,790,239$            32,821,711$             2,968,528$             9.0% Recovery of (provision for) doubtful sewer service charge (1,440,869)                (970,009)                   (470,860)                  (493,742)                  22,882                    -4.6% Licenses, permits, and other fees                        931,918                    595,374                    336,544                   279,051                    57,493                    20.6% Other                                                    497,777                    224,214                    273,563                   109,462                    164,101                  149.9%   Total operating revenues                               103,458,631$           67,529,145$             35,929,486$            32,716,482$             3,213,004$             9.8%           Operating Expenses: Pumping and treatment                                    17,185,931$             11,028,489$             6,157,442$              5,780,867$               376,575$                6.5% Collection system maintenance                            12,241,965               8,401,462                 3,840,503                4,618,324                 (777,821)                 -16.8% Engineering                                              2,710,323                 1,804,866                 905,457                   920,654                    (15,197)                   -1.7% General and administrative                               13,406,706               9,090,875                 4,315,831                4,813,300                 (497,469)                 -10.3% Water backup claims                                      1,372,720                 1,125,377                 247,343                   879,526                    (632,183)                 -71.9% Depreciation                                             22,408,612               15,042,127               7,366,485                7,526,872                 (160,387)                 -2.1% Asset Management 3,276,577                 2,442,952                 833,625                   840,790                    (7,165)                     -0.9%    Total operating expenses                              72,602,834$             48,936,148$             23,666,686              25,380,333               (1,713,647)$            -6.8%           Operating Income                                           30,855,797$             18,592,997$             12,262,800$            7,336,149$               4,926,651$             67.2%           Non-operating Revenues: Property taxes levied by the District                    94,471$                    69,666$                    24,805$                   45,737$                    (20,932)$                 -45.8% Investment income                                        745,875                    559,219                    186,656                   171,792                    14,864                    8.7% Rent and other income                                    75,249                      50,166                      25,083                     25,083                      -                          0.0%    Total non-operating revenues                           915,595$                  679,051$                  236,544$                 242,612$                  (6,068)$                   -2.5%           Non-operating Expenses: Net loss on disposal and sale of capital assets 9,506$                      -$                          9,506$                     -$                         9,506$                    N/A Non-recurring projects and studies                        3,781,188                 2,572,916                 1,208,272                716,603                    491,669                  68.6% Interest expense                                         13,492,682               8,983,065                 4,509,617                4,451,900                 57,717                    1.3%    Total non-operating expenses                           17,283,376$             11,555,981$             5,727,395$              5,168,503$               558,892$                10.8%           Income before Capital Contributions                        14,488,016$             7,716,067$               6,771,949$              2,410,258$               4,361,691$             181.0%           Capital Contributions: Capital assets contributed                                72,794$                    -$                          72,794$                   -$                         72,794$                  N/A Grant revenue                                            155,243                    -                            155,243                   -                           155,243                  N/A    Total capital contributions                           228,037$                  -$                          228,037$                 -$                         228,037$                N/A           Change in Net Position  14,716,053$             7,716,067$               6,999,986$              2,410,258$               4,589,728$             190.4%           Net Position-Beginning of Year 2,770,628,891$        2,770,628,891$          Net Position-End of Period 2,785,344,944$        2,778,344,958$        METROPOLITAN ST. LOUIS SEWER DISTRICT STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION SEPTEMBER 2020 (UNAUDITED)