HomeMy Public PortalAboutMarch (FY16) Segmented Income StatementSEGMENTED STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
MARCH 2016 MARCH 2016 MARCH 2016
YTD YTD YTD
Sanitary Storm Total
Operating Revenues:
Sewer service charges 231,503,048$ 1,083,019$ 232,586,067$
Recovery of (provision for) doubtful sewer service charge (3,953,549) (1,190) (3,954,739)
Licenses, permits, and other fees 2,760,508 - 2,760,508
Other 547,679 4,045 551,724
Total operating revenues 230,857,686 1,085,874 231,943,560
Operating Expenses:
Pumping and treatment 44,327,349 - 44,327,349
Collection system maintenance 25,751,379 7,131,300 32,882,679
Engineering 2,899,485 5,605,850 8,505,335
General and administrative 37,584,696 - 37,584,696
Water backup claims 7,249,566 - 7,249,566
Depreciation 55,438,783 7,963,843 63,402,626
Asset Management 9,129,615 98,197 9,227,812
Total operating expenses 182,380,873 20,799,190 203,180,063
Operating Income 48,476,813$ (19,713,316)$ 28,763,497$
Nonoperating Revenues:
Property taxes levied by the District (15,809)$ 24,944,174$ 24,928,365$
Investment income 2,334,206 472,735 2,806,941
Rent and other income 77,315 - 77,315
Total nonoperating revenues 2,395,712 25,416,909 27,812,621
Non-operating Expenses:
Net (gain) loss on disposal and sale of capital assets 31,951 (14,418) 17,533
Non-recurring projects and studies 4,843,836 1,259,710 6,103,546
Interest expense 22,122,763 - 22,122,763
Total non-operating expenses 26,998,550 1,245,292 28,243,842
Income before Capital Contributions 23,873,975$ 4,458,301$ 28,332,276$
Capital Contributions:
Utility plant contributed 2,246,286$ 2,201,325$ 4,447,611$
Grant revenue - - -
Total capital contributions 2,246,286 2,201,325 4,447,611
Change in Net Position 26,120,261$ 6,659,626$ 32,779,887$
Net Position-Beginning of Year 1,729,977,634$ 548,138,996$ 2,278,116,630$
Net Position-End of Year 1,756,097,895$ 554,798,622$ 2,310,896,517$
METROPOLITAN ST. LOUIS SEWER DISTRICT
FOR THE PERIOD ENDING
MARCH 2016
(UNAUDITED)