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HomeMy Public PortalAboutSeptember (FY19) Segmented Income StatementSeptember 2018 September 2018 September 2018 YTD YTD YTD Sanitary Storm Total Operating Revenues: Sewer service charges 101,044,363$ (620)$ 101,043,743$ Recovery of (provision for) doubtful sewer service charge (1,085,823) 2,404 (1,083,419) Licenses, permits, and other fees 928,262 - 928,262 Other 501,739 384 502,123 Total operating revenues 101,388,541 2,168 101,390,709 Operating Expenses: Pumping and treatment 16,276,194$ -$ 16,276,194$ Collection system maintenance 6,907,307 4,880,390 11,787,697 Engineering 386,440 2,476,445 2,862,885 General and administrative 13,084,501 1,237 13,085,738 Water backup claims 392,655 - 392,655 Depreciation 17,725,211 2,819,263 20,544,474 Asset Management 2,552,292 131,678 2,683,970 Total operating expenses 57,324,600 10,309,013 67,633,613 Operating Income 44,063,941$ (10,306,845)$ 33,757,096$ Nonoperating Revenues: Property taxes levied by the District -$ (670)$ (670)$ Investment income 2,332,135 382,849 2,714,984 Rent and other income 75,160 - 75,160 Total nonoperating revenues 2,407,295 382,179 2,789,474 Non-operating Expenses: Net (gain) loss on disposal and sale of capital assets 153,884$ 35,590$ 189,474$ Non-recurring projects and studies 2,339,828 789,968 3,129,796 Interest expense 8,025,026 8,025,026 Total non-operating expenses 10,518,738 825,558 11,344,296 Income before Capital Contributions 35,952,498$ (10,750,224)$ 25,202,274$ Capital Contributions: Utility plant contributed 1,415,654$ 1,132,547$ 2,548,201$ Grant revenue - - - Total capital contributions 1,415,654 1,132,547 2,548,201 Change in Net Position 37,368,152$ (9,617,677)$ 27,750,475$ 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 1,971,434,281$ 547,632,382$ 2,519,066,663$ METROPOLITAN ST. LOUIS SEWER DISTRICT FOR THE PERIOD ENDING September 2018 (UNAUDITED) SEGMENTED STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION