HomeMy Public PortalAboutMarch (FY22) Income StatementMARCH 2022 FEBRUARY 2022 MARCH 2022 FEBRUARY 2022 Current Month % Change
YTD YTD Current Month Current Month less Prior Month from Prior Month
Operating Revenues:
Sewer service charges 343,158,104$ 306,898,034$ 36,260,070$ 37,364,674$ (1,104,604)$ -3.0%
Provision for doubtful sewer service charge (3,818,881) (3,475,213) (343,668) (535,081) 191,413 -35.8%
Licenses, permits, and other fees 2,781,615 2,595,907 185,708 407,697 (221,989) -54.4%
Other 4,922,677 4,487,921 434,756 1,932,780 (1,498,024) -77.5%
Total operating revenues 347,043,515$ 310,506,649$ 36,536,866$ 39,170,070$ (2,633,204)$ -6.7%
Operating Expenses:
Pumping and treatment 48,471,556$ 42,856,312$ 5,615,244$ 4,350,012$ 1,265,232$ 29.1%
Collection system maintenance 34,075,571 29,981,248 4,094,323 3,429,337 664,986 19.4%
Engineering 8,954,958 7,872,387 1,082,571 893,527 189,044 21.2%
General and administrative 46,896,198 42,124,764 4,771,434 4,637,018 134,416 2.9%
Water backup claims 1,364,819 1,014,141 350,678 (25,489) 376,167 1475.8%
Depreciation 70,591,031 61,650,091 8,940,940 7,262,729 1,678,211 23.1%
Asset Management 10,708,403 9,425,287 1,283,116 1,577,906 (294,790) -18.7%
Total operating expenses 221,062,536$ 194,924,230$ 26,138,306$ 22,125,040$ 4,013,266$ 18.1%
Operating Income 125,980,979$ 115,582,419$ 10,398,560$ 17,045,030$ (6,646,470)$ -39.0%
Non-operating Revenues:
Property taxes levied by the District 42,536,222$ 42,521,818$ 14,404$ 154,544$ (140,140)$ -90.7%
Investment income (10,940,784) (5,498,374) (5,442,410) (1,411,496) (4,030,914) -285.6%
Rent and other income 282,497 241,633 40,864 29,866 10,998 36.8%
Total non-operating revenues 31,877,935$ 37,265,077$ (5,387,142)$ (1,227,086)$ (4,160,056)$ -339.0%
Non-operating Expenses:
Net loss on disposal and sale of capital assets 1,198,692$ 759,467$ 439,225$ 79,336$ 359,889$ 453.6%
Non-recurring projects and studies 7,871,275 6,469,620 1,401,655 632,043 769,612 121.8%
Interest expense 42,626,998 37,821,587 4,805,411 4,312,014 493,397 11.4%
Total non-operating expenses 51,696,965$ 45,050,674$ 6,646,291$ 5,023,393$ 1,622,898$ 32.3%
Income before Capital Contributions 106,161,949$ 107,796,822$ (1,634,873)$ 10,794,551$ (12,429,424)$ -115.1%
Capital Contributions:
Capital assets contributed 9,778,463$ 5,676,567$ 4,101,896$ 948,551$ 3,153,345$ 332.4%
Grant revenue 1,139,113 875,397 263,716 155,532 108,184 69.6%
Total capital contributions 10,917,576$ 6,551,964$ 4,365,612$ 1,104,083$ 3,261,529$ 295.4%
Change in Net Position 117,079,525$ 114,348,786$ 2,730,739$ 11,898,634$ (9,167,895)$ -77.0%
Net Position-Beginning of Year 2,897,926,670$ 2,897,926,670$
Net Position-End of Period 3,015,006,195$ 3,012,275,456$
METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
MARCH 2022
(UNAUDITED)