HomeMy Public PortalAbout436831METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET ASSETS
FOR THE PERIOD ENDING
MARCH 2011
FY'11
YTD
Operating Revenues:
Sewer service charges $ 173,366,178
Recovery of (provision for) doubtful sewer service charge (4,753,141)
Recovery of (provision for) uncollected Impervious charg (3,646,343)
Licenses, permits, and other fees 2,219,904
Other 701,775
Total operating revenues $ 167,888,373
Operating Expenses:
Pumping and treatment $ 37,761,934
Collection system maintenance 24,928,454
Engineering 10,496,401
General and administrative 25,834,723
Water backup claims 2,230,745
Depreciation 40,360,551
Other 28,458,365
Total operating expenses $ 170,071,173
Operating Income $ (2,182,800
Nonoperating Revenues:
Property taxes levied by the District $ 24,051,303
Investment income 1,919,212
Build America bonds tax credit 871,080
Rent and other income 366,473
Total nonoperating revenues $ 27,208,068
Nonoperating Expenses:
Net (gain) loss on disposal and sale of capital assets
Nonrecurring projects and studies
Legal Claims
Interest expense
Total nonoperating expenses
(14,106)
7,944,214
4,828,828
7,975,514
20,734,450
Income before Capital Contributions $ 4,290,818
Capital Contributions:
Utility plant contributed 5,600,061
Grant revenue 2,476,155
Total capital contributions $ 8,076,216
Change in Net Assets $ 12,367,034
Net Assets -Beginning of Year $ 2,207,650,398
Net Assets -End of Year $ 2,220,017,432