HomeMy Public PortalAbout428606DECEMBER 2011 DECEMBER 2011 DECEMBER 2011
Sanitary Storm Total
Current Assets:
Cash 61,448,187$ -$ 61,448,187$
Pooled cash and investments 165,314,626 2,328,159 167,642,785
Investments 13,141,653 - 13,141,653
Sewer service charges receivable 37,591,446 220,951 37,812,397
Unbilled sewer service charges receivable 19,376,265 - 19,376,265
Accrued income on investments 507,355 640 507,995
SRF Receivable 70,514,272 - 70,514,272
Other Receivables 2,775,878 - 2,775,878
Supplies inventory 7,041,455 - 7,041,455
Total current assets 377,711,137$ 2,549,750$ 380,260,887$
Noncurrent Assets:
Restricted Assets:
Cash 3,394,695$ 4,840,888$ 8,235,583$
Pooled cash and investments 17,330,443 51,987,692 69,318,135
Investments 31,258,677 31,258,677
Accrued Income on investments 221,079 144,922 366,001
52,204,894$ 56,973,502$ 109,178,396$
Other Assets:
Notes receivable 14,534,140$ -$ 14,534,140$
Capital Assets:
Depreciable:
Treatment and disposal plant and equipment 1,001,337,593$ -$ 1,001,337,593$
Collection and pumping plant 1,385,802,462 577,230,482 1,963,032,944
General plant and equipment 69,512,538 14,630,501 84,143,039
2,456,652,593$ 591,860,983$ 3,048,513,576$
Less: Accumulated depreciation 862,555,377 144,754,989 1,007,310,366
Net Depreciable Assets 1,594,097,216$ 447,105,994$ 2,041,203,210$
Nondepreciable:
Land 33,969,068$ 5,136,651$ 39,105,719$
Construction in progress 407,256,684 17,793,655 425,050,339
Net capital assets 2,035,322,968$ 470,036,300$ 2,505,359,268$
Total noncurrent assets 2,102,062,002$ 527,009,802$ 2,629,071,804$
Total Assets 2,479,773,139$ 529,559,552$ 3,009,332,691$
(UNAUDITED)
METROPOLITAN ST. LOUIS SEWER DISTRICT
SEGMENTED STATEMENT OF NET ASSETS
FOR THE PERIOD ENDING
DECEMBER 2011
DECEMBER 2011 DECEMBER 2011 DECEMBER 2011
Sanitary Storm Total
(UNAUDITED)
METROPOLITAN ST. LOUIS SEWER DISTRICT
SEGMENTED STATEMENT OF NET ASSETS
FOR THE PERIOD ENDING
DECEMBER 2011
Current Liabilities:
Contracts and accounts payable 42,833,359$ 48,233$ 42,881,592$
Deposits and accrued expenses 22,793,008 - 22,793,008
Retainage payable 8,069,280 350 8,069,630
Current portion of bonds and notes payable 20,205,079 - 20,205,079
93,900,726$ 48,583$ 93,949,309$
Current Liabilities-Payable From Restricted Assets
Contracts and accounts payable 13,012$ 6,693,587$ 6,706,599$
Retainage 76 260,053 260,129
13,088$ 6,953,640$ 6,966,728$
Total current liabilities 93,913,814$ 7,002,223$ 100,916,037$
Noncurrent Liabilities:
Deposits and accrued expenses 8,986,172$ -$ 8,986,172$
Bonds and notes payable 695,593,045 - 695,593,045
704,579,217$ -$ 704,579,217$
-
Total Liabilities 798,493,031$ 7,002,223$ 805,495,254$
Net Assets:
Invested in capital assets, net of related debt 1,457,877,186$ 470,036,300$ 1,927,913,486$
Restricted for:
Debt Service 40,634,122 - 40,634,122
Subdistrict construction and improvement 11,557,684 50,019,862 61,577,546
Unrestricted 171,211,116 2,501,167 173,712,283
Total Net Assets 1,681,280,108$ 522,557,329$ 2,203,837,437$
SEGMENTED STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET ASSETS
DECEMBER 2011 DECEMBER 2011 DECEMBER 2011
YTD YTD YTD
Sanitary Storm T otal
Operating Revenues:
Sewer service charges 116,768,551$ 680,614$ 117,449,165$
Recovery of (provision for) doubtful sewer service charge (3,638,365) (200,312) (3,838,677)
Recovery of (provision for) uncollected Impervious charge - - -
Licenses, permits, and other fees 1,343,741 - 1,343,741
Other 1,200,376 - 1,200,376
Total operating revenues 115,674,303$ 480,302$ 116,154,605$
Operating Expenses:
Pumping and treatment 24,800,876$ -$ 24,800,876$
Collection system maintenance 15,365,444 2,437,527 17,802,971
Engineering 864,012 3,060,400 3,924,412
General and administrative 16,554,753 - 16,554,753
Water backup claims (1,861,025) - (1,861,025)
Depreciation 29,751,928 5,067,508 34,819,436
Asset Management 16,765,490 620,510 17,386,000
Total operating expenses 102,241,478$ 11,185,945$ 113,427,423$
Operating Income 13,432,825$ (10,705,643)$ 2,727,182$
Nonoperating Revenues:
Property taxes levied by the District 9,268$ 9,517,617$ 9,526,885$
Investment income 1,304,827 198,095 1,502,922
Build America bonds tax credit 871,849 - 871,849
Rent and other income 145,949 - 145,949
Total nonoperating revenues 2,331,893$ 9,715,712$ 12,047,605$
Nonoperating Expenses:
Net (gain) loss on disposal and sale of capital assets 175,542$ 73,995$ 249,537$
Nonrecurring projects and studies 2,029,746 1,672,513 3,702,259
Legal Claims - 5,000 5,000
Interest expense 8,499,842 - 8,499,842
Total nonoperating expenses 10,705,130$ 1,751,508$ 12,456,638$
Income before Capital Contributions 5,059,588$ (2,741,439)$ 2,318,149$
Capital Contributions:
Utility plant contributed 1,810,896 2,535,783 4,346,679
Grant revenue 153,473 - 153,473
Total capital contributions 1,964,369$ 2,535,783$ 4,500,152$
Change in Net Assets 7,023,957$ (205,656)$ 6,818,301$
Net Assets-Beginning of Year 1,674,256,151$ 522,762,985$ 2,197,019,136$
Net Assets-End of Year 1,681,280,108$ 522,557,329$ 2,203,837,437$
METROPOLITAN ST. LOUIS SEWER DISTRICT
FOR THE PERIOD ENDING
DECEMBER 2011
(UNAUDITED)
DECEMBER 2011 DECEMBER 2011 DECEMBER 2011
YTD YTD YTD
Sanitary Storm Total
Net cash flows from operating activities 31,796,467$ (5,073,058)$ 26,723,409$
Net cash used in capital and related financing activities (9,343,552) 3,615,097 (5,728,455)
Net cash provided by investing activities 36,071,033 6,298,849 42,369,882
Net increase (decrease) in cash and cash equivalents 58,523,948 4,840,888 63,364,836
Cash and cash equivalents at beginning of year 6,318,934 - 6,318,934
Cash and cash equivalents at end of period 64,842,882$ 4,840,888$ 69,683,770$
(UNAUDITED)
METROPOLITAN ST. LOUIS SEWER DISTRICT
SEGMENTED STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDING
DECEMBER 2011