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HomeMy Public PortalAboutMarch (FY21) Income StatementMARCH 2021 FEBRUARY 2021 MARCH 2021 FEBRUARY 2021 Current Month % Change YTD YTD Current Month Current Month less Prior Month from Prior Month   Operating Revenues: Sewer service charges                                    318,776,834$           284,830,935$           33,945,899$            34,895,336$             (949,437)$               -2.7% Recovery of (provision for) doubtful sewer service charge (4,264,417)                (3,844,462)                (419,955)                  (405,753)                  (14,202)                   3.5% Licenses, permits, and other fees                        2,467,115                 2,142,611                 324,504                   289,825                    34,679                    12.0% Other                                                    1,872,695                 1,527,130                 345,565                   279,680                    65,885                    23.6%   Total operating revenues                               318,852,227$           284,656,214$           34,196,013$            35,059,088$             (863,075)$               -2.5%           Operating Expenses: Pumping and treatment                                    47,940,265$             42,467,879$             5,472,386$              4,273,539$               1,198,847$             28.1% Collection system maintenance                            36,220,904               32,060,541               4,160,363                3,406,277                 754,086                  22.1% Engineering                                              8,555,216                 7,544,031                 1,011,185                592,175                    419,010                  70.8% General and administrative                               47,947,006               42,511,559               5,435,447                3,960,326                 1,475,121               37.2% Water backup claims                                      3,093,878                 2,290,473                 803,405                   333,173                    470,232                  141.1% Depreciation                                             67,504,404               59,488,639               8,015,765                6,882,759                 1,133,006               16.5% Asset Management 10,999,901               9,451,647                 1,548,254                1,010,629                 537,625                  53.2%    Total operating expenses                              222,261,574$           195,814,769$           26,446,805$            20,458,878               5,987,927$             29.3%           Operating Income                                           96,590,653$             88,841,445$             7,749,208$              14,600,210$             (6,851,002)$            -46.9%           Non-operating Revenues: Property taxes levied by the District                    42,952,914$             42,817,506$             135,408$                 27,862$                    107,546$                386.0% Investment income                                        1,311,004                 1,099,563                 211,441                   (193,058)                  404,499                  209.5% Rent and other income                                    237,543                    208,711                    28,832                     28,831                      1                             0.0%    Total non-operating revenues                           44,501,461$             44,125,780$             375,681$                 (136,365)$                512,046$                375.5%           Non-operating Expenses: Net loss on disposal and sale of capital assets 447,832$                  417,283$                  30,549$                   46,407$                    (15,858)$                 -34.2% Non-recurring projects and studies                        8,213,708                 8,429,184                 (215,476)                  1,064,050                 (1,279,526)              -120.3% Interest expense                                         42,624,792               37,016,513               5,608,279                4,455,034                 1,153,245               25.9%    Total non-operating expenses                           51,286,332$             45,862,980$             5,423,352$              5,565,491$               (142,139)$               -2.6%           Income before Capital Contributions                        89,805,782$             87,104,245$             2,701,537$              8,898,354$               (6,196,817)$            -69.6%           Capital Contributions: Capital assets contributed                                6,228,144$               1,739,022$               4,489,122$              277,394$                  4,211,728$             1518.3% Grant revenue                                            181,691                    247,312                    (65,621)                    -                           (65,621)                   N/A    Total capital contributions                           6,409,835$               1,986,334$               4,423,501$              277,394$                  4,146,107$             1494.7%           Change in Net Position  96,215,617$             89,090,579$             7,125,038$              9,175,748$               (2,050,710)$            -22.3%           Net Position-Beginning of Year 2,770,628,891$        2,770,628,891$          Net Position-End of Period 2,866,844,508$        2,859,719,470$        METROPOLITAN ST. LOUIS SEWER DISTRICT STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION MARCH 2021 (UNAUDITED)