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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)