HomeMy Public PortalAboutMarch Income StatementMARCH 2017
YTD
Operating Revenues:
Sewer service charges 251,324,745$
Recovery of (provision for) doubtful sewer service charge (2,000,003)
Licenses, permits, and other fees 2,654,383
Other 164,736
Total operating revenues 252,143,861$
Operating Expenses:
Pumping and treatment 44,212,934$
Collection system maintenance 32,053,998
Engineering 8,318,196
General and administrative 39,785,298
Water backup claims 2,950,696
Depreciation 60,349,922
Asset Management 11,571,977
Total operating expenses 199,243,021$
Operating Income 52,900,840$
Non-operating Revenues:
Property taxes levied by the District 31,477,791$
Investment income 1,666,283
Rent and other income 78,870
Total non-operating revenues 33,222,944$
Non-operating Expenses:
Net loss on disposal and sale of capital assets 469,520$
Non-recurring projects and studies 4,357,258
Interest expense 23,451,844
Total non-operating expenses 28,278,622$
Income before Capital Contributions 57,845,162$
Capital Contributions:
Utility plant contributed 4,650,028$
Grant revenue 100,283
Total capital contributions 4,750,311$
Change in Net Position 62,595,473$
Net Position-Beginning of Year 2,327,057,113$
Net Position-End of Year 2,389,652,586$
METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
MARCH 2017
(UNAUDITED)