HomeMy Public PortalAbout436834SEGMENTED STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET ASSETS
FY '11 FY '11 FY '11
YTD YTD YTD
Sanitary Storm T otal
Operating Revenues:
Sewer service charges 168,891,674$ 4,474,504$ 173,366,178$
Recovery of (provision for) doubtful sewer service charge (6,179,724) 1,426,583 (4,753,141)
Recovery of (provision for) uncollected Impervious charge - (3,646,343) (3,646,343)
Licenses, permits, and other fees 2,219,904 - 2,219,904
Other 701,775 - 701,775
Total operating revenues 165,633,629$ 2,254,744$ 167,888,373$
Operating Expenses:
Pumping and treatment 37,761,934$ -$ 37,761,934$
Collection system maintenance 17,429,390 7,499,064 24,928,454
Engineering 5,905,801 4,590,600 10,496,401
General and administrative 25,834,723 - 25,834,723
Water backup claims 2,230,745 - 2,230,745
Depreciation 32,731,244 7,629,307 40,360,551
Other 27,757,811 700,554 28,458,365
Total operating expenses 149,651,648$ 20,419,525$ 170,071,173$
Operating Income 15,981,981$ (18,164,781)$ (2,182,800)$
Nonoperating Revenues:
Property taxes levied by the District 5,184$ 24,046,119$ 24,051,303$
Investment income 1,603,818 315,394 1,919,212
Build America bonds tax credit 871,080 - 871,080
Rent and other income 366,473 - 366,473
Total nonoperating revenues 2,846,555$ 24,361,513$ 27,208,068$
Nonoperating Expenses:
Net (gain) loss on disposal and sale of capital assets (27,507)$ 13,401$ (14,106)$
Nonrecurring projects and studies 5,952,953 1,991,261 7,944,214
Legal Claims - 4,828,828 4,828,828
Interest expense 7,975,514 - 7,975,514
Total nonoperating expenses 13,900,960$ 6,833,490$ 20,734,450$
Income before Capital Contributions 4,927,576$ (636,758)$ 4,290,818$
Capital Contributions:
Utility plant contributed 1,978,993 3,621,068 5,600,061
Grant revenue 2,236,142 240,013 2,476,155
Total capital contributions 4,215,135$ 3,861,081$ 8,076,216$
Change in Net Assets 9,142,711$ 3,224,323$ 12,367,034$
Net Assets-Beginning of Year 1,685,262,182$ 522,388,216$ 2,207,650,398$
Net Assets-End of Year 1,694,404,893$ 525,612,539$ 2,220,017,432$
METROPOLITAN ST. LOUIS SEWER DISTRICT
FOR THE PERIOD ENDING
MARCH 2011