HomeMy Public PortalAbout480661_METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
FOR THE PERIOD ENDING
DECEMBER 2012
(UNAUDITED)
DECEMBER 2012
YTD
Operating Revenues:
Sewer service charges $ 126,587,755
Recovery of (provision for) doubtful sewer service charge (2,393,290)
Recovery of (provision for) uncollected impervious charge
Licenses, permits, and other fees 1,631,347
Other 2,295,242
Total operating revenues $ 128,121,054
Operating Expenses:
Pumping and treatment $ 26,215,124
Collection system maintenance 18,703,121
Engineering 4,579,873
General and administrative 18,490,593
Water backup claims 1,149,068
Depreciation 34,506,005
Asset Management 9,367,723
Total operating expenses $ 113,011,507
Operating Income $ 15,109,547
Non -operating Revenues:
Property taxes levied by the District $ 23,657,032
Investment income 1,080,286
Build America bonds tax credit -
Rent and other income 146,228
Total non -operating revenues $ 24,883,546
Non -operating Expenses:
Net gain on disposal and sale of capital assets $ (41,269)
Non -recurring projects and studies 1,865,216
Legal Claims -
Interest expense 10,024,673
Total non -operating expenses $ 11,848,620
Income before Capital Contributions $ 28,144,473
Capital Contributions:
Utility plant contributed $ 2,296,479
Grant revenue (1)
Total capital contributions $ 2,296,478
Change in Net Position
$ 30,440,951
Net Position -Beginning of Year $ 2,218,294,341
Net Position -End of Year $ 2,248,735,292