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HomeMy Public PortalAboutMarch (FY22) Segmented Income StatementMarch 2022 March 2022 March 2022 YTD YTD YTD Sanitary Storm Total   Operating Revenues:     Sewer service charges                                    343,158,693$                  (589)$                               343,158,104$                      Recovery of (provision for) doubtful sewer service charge (3,824,002)                       5,121                               (3,818,881)                           Licenses, permits, and other fees                        2,781,615                        -                                   2,781,615                            Other                                                    4,917,458                        5,219                               4,922,677                              Total operating revenues                               347,033,764                    9,751                               347,043,515                              Operating Expenses:     Pumping and treatment                                    48,471,556$                    -$                                 48,471,556$                        Collection system maintenance                            24,269,488                      9,806,083                        34,075,571                          Engineering                                              993,924                           7,961,034                        8,954,958                            General and administrative                               46,316,905                      579,293                           46,896,198                          Water backup claims                                      1,364,819                        -                                   1,364,819                            Depreciation                                             60,109,478                      10,481,553                      70,591,031                          Asset Management                                                9,886,033                        822,370                           10,708,403                             Total operating expenses                              191,412,203                    29,650,333                      221,062,536                              Operating Income                                           155,621,561$                  (29,640,582)$                   125,980,979$                            Nonoperating Revenues:     Property taxes levied by the District                    -$                                 42,536,222$                    42,536,222$                        Investment income                                        (9,444,030)                       (1,496,754)                       (10,940,784)                         Rent and other income                                    282,497                           -                                   282,497                                  Total nonoperating revenues                           (9,161,533)                       41,039,468                      31,877,935                                Non-operating Expenses:     Net (gain) loss on disposal and sale of capital assets          723,824$                         474,868$                         1,198,692$                          Non-recurring projects and studies                        6,514,110                        1,357,165                        7,871,275                            Interest expense                                         42,626,998                      42,626,998                             Total non-operating expenses                           49,864,932                      1,832,033                        51,696,965                                Income before Capital Contributions                        96,595,096$                    9,566,853$                      106,161,949$                            Capital Contributions:     Utility plant contributed                                3,398,378$                      6,380,085$                      9,778,463$                          Grant revenue                                            10                                    1,139,103                        1,139,113                               Total capital contributions                           3,398,388                        7,519,188                        10,917,576                                Change in Net Position                                    99,993,484$                    17,086,041$                    117,079,525$                            Net Position-Beginning of Year                         2,328,652,387$               569,274,283$                  2,897,926,670$                         Net Position-End of Year                                     2,428,645,871$               586,360,324$                  3,015,006,195$               Please note - Rounding issues will be corrected at FYE METROPOLITAN ST. LOUIS SEWER DISTRICT FOR THE PERIOD ENDING March 2022 (UNAUDITED) SEGMENTED STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION