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Dec Income Statement
DECEMBER 2014
YTD
Operating Revenues:
Sewer service charges 142,227,729$
Recovery of (provision for) doubtful sewer service charge (1,917,538)
Licenses, permits, and other fees 3,945,147
Other 478,711
Total operating revenues 144,734,049$
Operating Expenses:
Pumping and treatment 31,480,832$
Collection system maintenance 20,940,429
Engineering 5,498,623
General and administrative 23,249,180
Water backup claims 1,168,996
Depreciation 39,325,008
Asset Management 5,571,777
Total operating expenses 127,234,845$
Operating Income 17,499,204$
Non-operating Revenues:
Property taxes levied by the District 23,380,469$
Investment income 1,136,473
Rent and other income (11,565)
Total non-operating revenues 24,505,377$
Non-operating Expenses:
Net loss on disposal and sale of capital assets 150,404$
Non-recurring projects and studies 9,284,460
Interest expense 14,394,100
Total non-operating expenses 23,828,964$
Income before Capital Contributions 18,175,617$
Capital Contributions:
Utility plant contributed 2,418,165$
Grant revenue 134,106
Total capital contributions 2,552,271$
Change in Net Position 20,727,888$
Net Position-Beginning of Year 2,267,952,795$
Net Position-End of Year 2,288,680,683$
(UNAUDITED)
METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
FOR THE PERIOD ENDING
DECEMBER 2014