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