HomeMy Public PortalAboutSeptember (FY23) Income StatementSEPTEMBER 2022 AUGUST 2022 SEPTEMBER 2022 AUGUST 2022 Current Month % Change
YTD YTD Current Month Current Month less Prior Month from Prior Month
Operating Revenues:
Sewer service charges 117,743,097$ 76,855,331$ 40,887,766$ 39,400,507$ 1,487,259$ 3.8%
Provision for doubtful sewer service charge (1,438,189) (958,018) (480,171) (475,469) (4,702) 1.0%
Licenses, permits, and other fees 1,129,778 693,461 436,317 284,583 151,734 53.3%
Other 548,857 380,544 168,313 154,158 14,155 9.2%
Total operating revenues 117,983,543$ 76,971,318$ 41,012,225$ 39,363,779$ 1,648,446$ 4.2%
Operating Expenses:
Pumping and treatment 17,623,840$ 11,939,557$ 5,684,283$ 6,452,192$ (767,909)$ -11.9%
Collection system maintenance 12,354,206 8,501,684 3,852,522 4,713,713 (861,191) -18.3%
Engineering 2,760,917 1,915,971 844,946 962,200 (117,254) -12.2%
General and administrative 13,075,326 8,902,181 4,173,145 4,722,582 (549,437) -11.6%
Water backup claims 10,512,906 9,033,759 1,479,147 7,553,763 (6,074,616) -80.4%
Depreciation 23,954,593 16,126,104 7,828,489 8,060,228 (231,739) -2.9%
Lease amortization - - - - - N/A
Asset Management 3,100,808 2,401,572 699,236 1,342,291 (643,055) -47.9%
Total operating expenses 83,382,596$ 58,820,828$ 24,561,768$ 33,806,969$ (9,245,201)$ -27.3%
Operating Income 34,600,947$ 18,150,490$ 16,450,457$ 5,556,810$ 10,893,647$ 196.0%
Non-operating Revenues:
Property taxes levied by the District 133,618$ 78,319$ 55,299$ 56,426$ (1,127)$ -2.0%
Investment income (4,789,970) (297,334) (4,492,636) (2,182,386) (2,310,250) -105.9%
Rent and other income 86,986 57,045 29,941 29,942 (1) 0.0%
Total non-operating revenues (4,569,366)$ (161,970)$ (4,407,396)$ (2,096,018)$ (2,311,378)$ -110.3%
Non-operating Expenses:
Net loss on disposal and sale of capital assets 184,760$ -$ 184,760$ -$ 184,760$ N/A
Non-recurring projects and studies 2,721,739 1,606,586 1,115,153 626,330 488,823 78.0%
Interest expense 14,282,294 9,567,883 4,714,411 4,877,270 (162,859) -3.3%
Total non-operating expenses 17,188,793$ 11,174,469$ 6,014,324$ 5,503,600$ 510,724 9.3%
Income before Capital Contributions 12,842,788$ 6,814,051$ 6,028,737$ (2,042,808)$ 8,071,545$ 395.1%
Capital Contributions:
Capital assets contributed 1,256,319$ -$ 1,256,319$ -$ 1,256,319$ N/A
Grant revenue 67,113 67,113 - - - N/A
Total capital contributions 1,323,432$ 67,113$ 1,256,319$ -$ 1,256,319$ N/A
Change in Net Position 14,166,220$ 6,881,164$ 7,285,056$ (2,042,808)$ 9,327,864$ 456.6%
Net Position-Beginning of Year 3,033,641,753$ 3,033,641,755$
Net Position-End of Period 3,047,807,973$ 3,040,522,919$
METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
SEPTEMBER 2022
(UNAUDITED)