HomeMy Public PortalAbout457211SEGMENTED STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET ASSETS
June 2012 June 2012 June 2012
YTD YTD YTD
Sanitary Storm Total
Operating Revenues:
Sewer service charges 226,328,059 1,349,371 227,677,430
Recovery of (provision for) doubtful sewer service charge (6,680,112) (231,737) (6,911,849)
Recovery of (provision for) uncollected Impervious charge - - -
Licenses, permits, and other fees 2,683,823 - 2,683,823
Other 2,550,317 - 2,550,317
Total operating revenues 224,882,087$ 1,117,634$ 225,999,721$
Operating Expenses:
Pumping and treatment 49,005,251 -$ 49,005,251$
Collection system maintenance 29,408,708 7,286,485 36,695,193
Engineering 2,422,516 6,120,800 8,543,316
General and administrative 37,833,936 - 37,833,936
Water backup claims -2,603,847 - (2,603,847)
Depreciation 55,512,180 10,281,956 65,794,136
Asset Management 19,165,739 926,314 20,092,053
Total operating expenses 190,744,483$ 24,615,555$ 215,360,038$
Operating Income 34,137,604$ (23,497,921)$ 10,639,683$
Nonoperating Revenues:
Property taxes levied by the District 17,287 24,586,885$ 24,604,172$
Investment income 2,058,300 349,185 2,407,485
Build America bonds tax credit 1,748,541 - 1,748,541
Rent and other income 294,591 - 294,591
Total nonoperating revenues 4,118,719$ 24,936,070$ 29,054,789$
Nonoperating Expenses:
Net (gain) loss on disposal and sale of capital assets 2,881,499 281,224$ 3,162,723$
Nonrecurring projects and studies 1,538,996 4,863,890 6,402,886
Legal Claims - 5,000 5,000
Interest expense 17,559,586 - 17,559,586
Total nonoperating expenses 21,980,081$ 5,150,114$ 27,130,195$
Income before Capital Contributions 16,276,242$ (3,711,965)$ 12,564,277$
Capital Contributions:
Utility plant contributed 3,419,840 6,075,424 9,495,264
Grant revenue 163,593 - 163,593
Total capital contributions 3,583,433$ 6,075,424$ 9,658,857$
Change in Net Assets 19,859,675$ 2,363,459$ 22,223,134$
Net Assets-Beginning of Year 1,666,969,274$ 530,049,862$ 2,197,019,136$
Net Assets-End of Year 1,686,828,949$ 532,413,321$ 2,219,242,270$
METROPOLITAN ST. LOUIS SEWER DISTRICT
FOR THE PERIOD ENDING
June 2012
(UNAUDITED)