HomeMy Public PortalAboutMarch (FY16) Income StatementMARCH 2016
YTD
Operating Revenues:
Sewer service charges 232,586,067$
Recovery of (provision for) doubtful sewer service charge (3,954,739)
Licenses, permits, and other fees 2,760,508
Other 551,724
Total operating revenues 231,943,560$
Operating Expenses:
Pumping and treatment 44,327,349$
Collection system maintenance 32,882,679
Engineering 8,505,335
General and administrative 37,584,696
Water backup claims 7,249,566
Depreciation 63,402,626
Asset Management 9,227,812
Total operating expenses 203,180,063$
Operating Income 28,763,497$
Non-operating Revenues:
Property taxes levied by the District 24,928,365$
Investment income 2,806,941
Rent and other income 77,315
Total non-operating revenues 27,812,621$
Non-operating Expenses:
Net loss on disposal and sale of capital assets 17,533$
Non-recurring projects and studies 6,103,546
Interest expense 22,122,763
Total non-operating expenses 28,243,842$
Income before Capital Contributions 28,332,276$
Capital Contributions:
Utility plant contributed 4,447,611$
Grant revenue -
Total capital contributions 4,447,611$
Change in Net Position 32,779,887$
Net Position-Beginning of Year 2,278,116,630$
Net Position-End of Year 2,310,896,517$
METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
MARCH 2016
(UNAUDITED)