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)