HomeMy Public PortalAboutSep Income Statement_1SEPTEMBER 2017
YTD
Operating Revenues:
Sewer service charges 90,761,231$
Recovery of (provision for) doubtful sewer service charge (598,983)
Licenses, permits, and other fees 707,859
Other 491,014
Total operating revenues 91,361,121$
Operating Expenses:
Pumping and treatment 16,635,109$
Collection system maintenance 11,375,708
Engineering 2,555,051
General and administrative 12,785,898
Water backup claims 293,204
Depreciation 20,296,890
Asset Management 2,789,455
Total operating expenses 66,731,315$
Operating Income 24,629,806$
Non-operating Revenues:
Property taxes levied by the District (4,921)$
Investment income 1,603,343
Rent and other income 27,693
Total non-operating revenues 1,626,115$
Non-operating Expenses:
Net loss on disposal and sale of capital assets 26,395$
Non-recurring projects and studies 2,934,381
Interest expense 7,576,557
Total non-operating expenses 10,537,333$
Income before Capital Contributions 15,718,588$
Capital Contributions:
Utility plant contributed 1,610,028$
Grant revenue -
Total capital contributions 1,610,028$
Change in Net Position 17,328,616$
Net Position-Beginning of Year 2,391,168,054$
Net Position-End of Period 2,408,496,670$
METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
SEPTEMBER 2017
(UNAUDITED)