HomeMy Public PortalAboutDecember FY19 Segmented Income StatementDecember 2018 December 2018 December 2018
YTD YTD YTD
Sanitary Storm Total
Operating Revenues:
Sewer service charges 204,370,521$ (1,351)$ 204,369,170$
Recovery of (provision for) doubtful sewer service charge (2,448,623) 5,508 (2,443,115)
Licenses, permits, and other fees 1,561,007 - 1,561,007
Other 1,043,559 940 1,044,499
Total operating revenues 204,526,464 5,097 204,531,561
Operating Expenses:
Pumping and treatment 31,335,841$ -$ 31,335,841$
Collection system maintenance 13,108,412 9,786,436 22,894,848
Engineering 343,122 5,015,192 5,358,314
General and administrative 27,273,951 164,068 27,438,019
Water backup claims 879,821 - 879,821
Depreciation 35,482,920 5,649,908 41,132,828
Asset Management 6,068,381 356,992 6,425,373
Total operating expenses 114,492,448 20,972,596 135,465,044
Operating Income 90,034,016$ (20,967,499)$ 69,066,517$
Nonoperating Revenues:
Property taxes levied by the District -$ 35,829,984$ 35,829,984$
Investment income 5,594,327 862,072 6,456,399
Rent and other income 150,948 - 150,948
Total nonoperating revenues 5,745,275 36,692,056 42,437,331
Non-operating Expenses:
Net (gain) loss on disposal and sale of capital assets 201,004$ 53,445$ 254,449$
Non-recurring projects and studies 4,363,497 767,135 5,130,632
Interest expense 16,414,328 16,414,328
Total non-operating expenses 20,978,829 820,580 21,799,409
Income before Capital Contributions 74,800,462$ 14,903,977$ 89,704,439$
Capital Contributions:
Utility plant contributed 3,761,793$ 2,826,444$ 6,588,237$
Grant revenue - - -
Total capital contributions 3,761,793 2,826,444 6,588,237
Change in Net Position 78,562,255$ 17,730,421$ 96,292,676$
Net Position-Beginning of Year 1,934,066,129$ 557,250,059$ 2,491,316,188$
Effect of Adoption of GASB 75
Net Position-End of Year 2,012,628,384$ 574,980,480$ 2,587,608,864$
METROPOLITAN ST. LOUIS SEWER DISTRICT
FOR THE PERIOD ENDING
December 2018
(UNAUDITED)
SEGMENTED STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION