HomeMy Public PortalAbout457208METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
FOR THE PERIOD ENDING
JUNE 2012
(UNAUDITED)
JUNE 2012
YTD
Operating Revenues:
Sewer service charges $ 227,677,430
Recovery of (provision for) doubtful sewer service charge (6,911,849)
Recovery of (provision for) uncollected impervious charge -
Licenses, permits, and other fees 2,683,823
Other 2,550,317
Total operating revenues $ 225,999,721
Operating Expenses:
Pumping and treatment $ 49,005,251
Collection system maintenance 36,695,193
Engineering 8,543,316
General and administrative 37,833,936
Water backup claims (2,603,847)
Depreciation 65,794,136
Asset Management 20,092,053
Total operating expenses $ 215,360,038
Operating Income $ 10,639,683
Non -operating Revenues:
Property taxes levied by the District $ 24,604,172
Investment income 2,407,485
Build America bonds tax credit 1,748,541
Rent and other income 294,591
Total non -operating revenues $ 29,054,789
Non -operating Expenses:
Net loss on disposal and sale of capital assets $ 3,162,723
Non -recurring projects and studies 6,402,886
Legal Claims 5,000
Interest expense 17,559,586
Total non -operating expenses $ 27,130,195
Income before Capital Contributions $ 12,564,277
Capital Contributions:
Utility plant contributed $ 9,495,264
Grant revenue 163,593
Total capital contributions $ 9,658,857
Change in Net Position
$ 22,223,134
Net Position -Beginning of Year $ 2,197,019,136
Net Position -End of Year $ 2,219,242,270