HomeMy Public PortalAboutMarch (FY19) Segmented Income StatementMarch 2019 March 2019 March 2019
YTD YTD YTD
Sanitary Storm Total
Operating Revenues:
Sewer service charges 302,625,858$ (2,332)$ 302,623,526$
Recovery of (provision for) doubtful sewer service charge (3,216,053) 9,098 (3,206,955)
Licenses, permits, and other fees 2,136,729 - 2,136,729
Other 1,555,112 1,630 1,556,742
Total operating revenues 303,101,646 8,396 303,110,042
Operating Expenses:
Pumping and treatment 46,106,213$ -$ 46,106,213$
Collection system maintenance 20,027,116 13,565,673 33,592,789
Engineering 984,580 7,630,786 8,615,366
General and administrative 42,613,083 440,309 43,053,392
Water backup claims 1,531,064 - 1,531,064
Depreciation 52,868,903 8,419,764 61,288,667
Asset Management 8,822,710 651,343 9,474,053
Total operating expenses 172,953,669 30,707,875 203,661,544
Operating Income 130,147,977$ (30,699,479)$ 99,448,498$
Nonoperating Revenues:
Property taxes levied by the District (189)$ 33,308,581$ 33,308,392$
Investment income 9,749,567 1,539,643 11,289,210
Rent and other income 226,167 - 226,167
Total nonoperating revenues 9,975,545 34,848,224 44,823,769
Non-operating Expenses:
Net (gain) loss on disposal and sale of capital assets 292,947$ 69,470$ 362,417$
Non-recurring projects and studies 6,660,210 1,555,105 8,215,315
Interest expense 24,893,409 24,893,409
Total non-operating expenses 31,846,566 1,624,575 33,471,141
Income before Capital Contributions 108,276,956$ 2,524,170$ 110,801,126$
Capital Contributions:
Utility plant contributed 6,202,593$ 4,320,144$ 10,522,737$
Grant revenue - - -
Total capital contributions 6,202,593 4,320,144 10,522,737
Change in Net Position 114,479,549$ 6,844,314$ 121,323,863$
Net Position-Beginning of Year 1,934,066,129$ 557,250,059$ 2,491,316,188$
Effect of Adoption of GASB 75
Net Position-End of Year 2,048,545,678$ 564,094,373$ 2,612,640,051$
METROPOLITAN ST. LOUIS SEWER DISTRICT
FOR THE PERIOD ENDING
March 2019
(UNAUDITED)
SEGMENTED STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION