HomeMy Public PortalAbout4286071/23/2012
4:44 PM
SEPTEMBER 2011 SEPTEMBER 2011 SEPTEMBER 2011
Sanitary Storm Total
Current Assets:
Cash 6,291,128$ -$ 6,291,128$
Pooled cash and investments 173,290,501 3,313,181 176,603,682
Investments 22,589,974 - 22,589,974
Sewer service charges receivable 36,993,835 214,266 37,208,101
Unbilled sewer service charges receivable 19,667,400 - 19,667,400
Accrued income on investments 502,473 - 502,473
SRF Receivable 35,820,449 - 35,820,449
Other Receivables 3,240,130 - 3,240,130
Supplies inventory 7,194,020 - 7,194,020
Total current assets 305,589,910$ 3,527,447$ 309,117,357$
Noncurrent Assets:
Restricted Assets:
Cash 112,423$ 4,841,053$ 4,953,476$
Pooled cash and investments 19,738,360 47,449,176 67,187,536
Investments 31,190,340 - 31,190,340
Accrued Income on investments 350,005 144,256 494,261
51,391,128$ 52,434,485$ 103,825,613$
Other Assets:
Notes receivable 14,649,946$ -$ 14,649,946$
Capital Assets:
Depreciable:
Treatment and disposal plant and equipment 979,486,524$ -$ 979,486,524$
Collection and pumping plant 1,374,225,286 573,652,239 1,947,877,525
General plant and equipment 69,667,201 14,674,393 84,341,594
2,423,379,011$ 588,326,632$ 3,011,705,643$
Less: Accumulated depreciation 847,920,755 142,308,180 990,228,935
Net Depreciable Assets 1,575,458,256$ 446,018,452$ 2,021,476,708$
Nondepreciable:
Land 32,347,894$ 4,705,705$ 37,053,599$
Construction in progress 408,645,656 17,502,131 426,147,787
Net capital assets 2,016,451,806$ 468,226,288$ 2,484,678,094$
Total noncurrent assets 2,082,492,880$ 520,660,773$ 2,603,153,653$
Total Assets 2,388,082,790$ 524,188,220$ 2,912,271,010$
(UNAUDITED)
METROPOLITAN ST. LOUIS SEWER DISTRICT
SEGMENTED STATEMENT OF NET ASSETS
FOR THE PERIOD ENDING
SEPTEMBER 2011
1/23/2012
4:44 PM
SEPTEMBER 2011 SEPTEMBER 2011 SEPTEMBER 2011
Sanitary Storm Total
(UNAUDITED)
METROPOLITAN ST. LOUIS SEWER DISTRICT
SEGMENTED STATEMENT OF NET ASSETS
FOR THE PERIOD ENDING
SEPTEMBER 2011
Current Liabilities:
Contracts and accounts payable 41,678,281$ 42,956$ 41,721,237$
Deposits and accrued expenses 28,698,694 - 28,698,694
Retainage payable 7,357,005 350 7,357,355
Current portion of bonds and notes payable 19,694,450 - 19,694,450
97,428,430$ 43,306$ 97,471,736$
Current Liabilities-Payable From Restricted Assets
Contracts and accounts payable 92,216$ 6,030,486$ 6,122,702$
Retainage 26,768 203,744 230,512
118,984$ 6,234,230$ 6,353,214$
Total current liabilities 97,547,414$ 6,277,536$ 103,824,950$
Noncurrent Liabilities:
Deposits and accrued expenses 8,664,559$ -$ 8,664,559$
Bonds and notes payable 603,200,975 - 603,200,975
611,865,534$ -$ 611,865,534$
-
Total Liabilities 709,412,949$ 6,277,535$ 715,690,484$
Net Assets:
Invested in capital assets, net of related debt 1,451,968,348$ 468,226,289$ 1,920,194,637$
Restricted for:
Debt Service 39,745,688 - 39,745,688
Subdistrict construction and improvement 11,526,456 46,200,255 57,726,711
Unrestricted 175,429,350 3,484,140 178,913,490
Total Net Assets 1,678,669,841$ 517,910,685$ 2,196,580,526$
Prepared By: ______________________________
Reviewed By: ______________________________
Approved By: _____________________________
1/23/2012
4:44 PMSEGMENTED STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET ASSETS
SEPTEMBER 2011 SEPTEMBER 2011 SEPTEMBER 2011
YTD YTD YTD
Sanitary Storm T otal
Operating Revenues:
Sewer service charges 58,461,508$ 338,766$ 58,800,274$
Recovery of (provision for) doubtful sewer service charge (1,921,735) (180,806) (2,102,541)
Recovery of (provision for) uncollected Impervious charge - - -
Licenses, permits, and other fees 788,900 - 788,900
Other 385,851 - 385,851
Total operating revenues 57,714,524$ 157,960$ 57,872,484$
Operating Expenses:
Pumping and treatment 13,110,835$ -$ 13,110,835$
Collection system maintenance 7,229,973 1,457,904 8,687,877
Engineering 395,808 1,530,200 1,926,008
General and administrative 8,054,721 - 8,054,721
Water backup claims (1,331,340) - (1,331,340)
Depreciation 14,446,241 2,512,276 16,958,517
Other 9,284,681 315,253 9,599,934
Total operating expenses 51,190,919$ 5,815,633$ 57,006,552$
Operating Income 6,523,605$ (5,657,673)$ 865,932$
Nonoperating Revenues:
Property taxes levied by the District 9,264$ 263,916$ 273,180$
Investment income 898,649 149,865 1,048,514
Build America bonds tax credit 437,920 - 437,920
Rent and other income 70,611 - 70,611
Total nonoperating revenues 1,416,444$ 413,781$ 1,830,225$
Nonoperating Expenses:
Net (gain) loss on disposal and sale of capital assets 158,267$ 32,380$ 190,647$
Nonrecurring projects and studies 695,107 273,245 968,352
Legal Claims - 5,000 5,000
Interest expense 3,464,236 - 3,464,236
Total nonoperating expenses 4,317,610$ 310,625$ 4,628,235$
Income before Capital Contributions 3,622,439$ (5,554,517)$ (1,932,078)$
Capital Contributions:
Utility plant contributed 637,898 702,216 1,340,114
Grant revenue 153,354 - 153,354
Total capital contributions 791,252$ 702,216$ 1,493,468$
Change in Net Assets 4,413,691$ (4,852,301)$ (438,610)$
Net Assets-Beginning of Year 1,674,256,151$ 522,762,985$ 2,197,019,136$
Net Assets-End of Year 1,678,669,842$ 517,910,684$ 2,196,580,526$
Prepared By: ______________________________
Reviewed By: ______________________________
Approved By: _____________________________
METROPOLITAN ST. LOUIS SEWER DISTRICT
FOR THE PERIOD ENDING
SEPTEMBER 2011
(UNAUDITED)
1/23/2012
4:44 PM
SEPTEMBER 2011 SEPTEMBER 2011 SEPTEMBER 2011
Sanitary Storm Total
Cash flows from operating activities 13,971,849$ (2,554,635)$ 11,417,214$
Cash used in capital and related financing activities (28,982,562) (2,409,731) (31,392,293)
Cash provided by investing activities 15,095,331 9,805,419 24,900,750
Net increase (decrease) in cash and cash equivalents 84,617 4,841,053 4,925,670
Cash and cash equivalents at beginning of year 6,318,934 - 6,318,934
Cash and cash equivalents at end of period 6,403,551$ 4,841,053$ 11,244,604$
Prepared By: ______________________________
Reviewed By: ______________________________
Approved By: _____________________________
(UNAUDITED)
METROPOLITAN ST. LOUIS SEWER DISTRICT
SEGMENTED STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDING
SEPTEMBER 2011