HomeMy Public PortalAboutMar Income Statement_1MARCH 2018
YTD
Operating Revenues:
Sewer service charges 276,677,578$
Recovery of (provision for) doubtful sewer service charge (1,904,392)
Licenses, permits, and other fees 1,996,206
Other 1,665,724
Total operating revenues 278,435,116$
Operating Expenses:
Pumping and treatment 45,520,545$
Collection system maintenance 33,511,800
Engineering 8,202,776
General and administrative 39,615,578
Water backup claims 1,112,220
Depreciation 60,858,047
Asset Management 10,677,808
Total operating expenses 199,498,774$
Operating Income 78,936,342$
Non-operating Revenues:
Property taxes levied by the District 32,773,014$
Investment income 4,394,996
Rent and other income 178,640
Total non-operating revenues 37,346,650$
Non-operating Expenses:
Net loss on disposal and sale of capital assets 656,975$
Non-recurring projects and studies 8,720,782
Interest expense 27,473,547
Total non-operating expenses 36,851,304$
Income before Capital Contributions 79,431,688$
Capital Contributions:
Utility plant contributed 16,441,307$
Grant revenue 96,823
Total capital contributions 16,538,130$
Change in Net Position 95,969,818$
Net Position-Beginning of Year 2,391,168,054$
Net Position-End of Period 2,487,137,872$
METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
MARCH 2018
(UNAUDITED)