HomeMy Public PortalAboutMar Income StatementMARCH 2014
YTD
Operating Revenues:
Sewer service charges 187,159,919$
Recovery of (provision for) doubtful sewer service charge (1,467,142)
Licenses, permits, and other fees 4,864,627
Other 1,704,028
Total operating revenues 192,261,432$
Operating Expenses:
Pumping and treatment 39,008,111$
Collection system maintenance 29,921,857
Engineering 9,252,386
General and administrative 32,519,954
Water backup claims 1,927,536
Depreciation 53,479,203
Asset Management 8,187,821
Total operating expenses 174,296,868$
Operating Income 17,964,564$
Non-operating Revenues:
Property taxes levied by the District 24,394,904$
Investment income 2,183,929
Rent and other income 233,182
Total non-operating revenues 26,812,015$
Non-operating Expenses:
Net gain on disposal and sale of capital assets (107,417)$
Non-recurring projects and studies 1,270,242
Interest expense 18,801,858
Total non-operating expenses 19,964,683$
Income before Capital Contributions 24,811,896$
Capital Contributions:
Utility plant contributed 4,493,913$
Grant revenue 75,268
Total capital contributions 4,569,181$
Change in Net Position 29,381,077$
Net Position-Beginning of Year 2,249,196,853$
Net Position-End of Year 2,278,577,930$
(UNAUDITED)
METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
FOR THE PERIOD ENDING
MARCH 2014