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)