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HomeMy Public PortalAboutDecember (FY23) Income StatementDECEMBER 2022 NOVEMBER 2022 DECEMBER 2022 NOVEMBER 2022 Current Month % Change YTD YTD Current Month Current Month less Prior Month from Prior Month   Operating Revenues: Sewer service charges                                    241,201,672$                 199,980,806$                  41,220,866$                   41,277,514$                    (56,648)$                       -0.1% Provision for doubtful sewer service charge (2,797,708)                      (2,349,460)                      (448,248)                         (452,477)                         4,229                             -0.9% Licenses, permits, and other fees                        2,148,187                       1,755,016                        393,171                          231,732                           161,439                         69.7% Other                                                    1,362,214                       1,055,934                        306,280                          139,144                           167,136                         120.1%   Total operating revenues                               241,914,365$                 200,442,296$                  41,472,069$                   41,195,913$                    276,156$                       0.7%           Operating Expenses: Pumping and treatment                                    33,806,329$                   28,257,774$                    5,548,555$                     5,583,990$                      (35,435)$                       -0.6% Collection system maintenance                            24,055,871                     20,225,490                      3,830,381                       3,745,615                        84,766                           2.3% Engineering                                              5,530,392                       4,428,655                        1,101,737                       761,025                           340,712                         44.8% General and administrative                               32,208,555                     21,862,101                      10,346,454                     4,080,215                        6,266,239                      153.6% Water backup claims                                      6,710,210                       6,723,361                        (13,151)                           404,714                           (417,865)                       -103.2% Depreciation                                             49,200,371                     39,981,124                      9,219,247                       7,875,407                        1,343,840                      17.1% Lease amortization -                                  -                                  -                                  -                                  -                                    N/A Asset Management 6,605,156                       5,603,898                        1,001,258                       1,391,011                        (389,753)                       -28.0%    Total operating expenses                              158,116,884$                 127,082,403$                  31,034,481$                   23,841,977$                    7,192,504$                    30.2%           Operating Income                                           83,797,481$                   73,359,893$                    10,437,588$                   17,353,936$                    (6,916,348)$                  -39.9%           Non-operating Revenues: Property taxes levied by the District                    54,161,981$                   54,261,948$                    (99,967)$                         54,120,028$                    (54,219,995)$                -100.2% Investment income                                        575,019                          (1,511,871)                      2,086,890                       3,060,894                        (974,004)                       -31.8% Rent and other income                                    177,439                          146,869                           30,570                            29,941                             629                                2.1%    Total non-operating revenues                           54,914,439$                   52,896,946$                    2,017,493$                     57,210,863$                    (55,193,370)$                -96.5%           Non-operating Expenses: Net loss on disposal and sale of capital assets 842,226$                        348,312$                         493,914$                        38,671$                           455,243$                       1177.2% Non-recurring projects and studies                        9,544,868                       7,176,953                        2,367,915                       2,370,941                        (3,026)                           -0.1% Interest expense                                         29,783,026                     24,828,982                      4,954,044                       4,780,524                        173,520                         3.6%    Total non-operating expenses                           40,170,120$                   32,354,247$                    7,815,873$                     7,190,136$                      625,737                         8.7%           Income before Capital Contributions                        98,541,800$                   93,902,592$                    4,639,208$                     67,374,663$                    (62,735,455)$                -93.1%           Capital Contributions: Capital assets contributed                                3,863,600$                     3,501,718$                      361,882$                        1,779,421$                      (1,417,539)$                  -79.7% Grant revenue                                            421,589                          (136,887)                         558,476                          (204,000)                         762,476                         373.8%    Total capital contributions                           4,285,189$                     3,364,831$                      920,358$                        1,575,421$                      (655,063)$                     -41.6%           Change in Net Position  102,826,989$                 97,267,423$                    5,559,566$                     68,950,084$                    (63,390,518)$                -91.9%           Net Position-Beginning of Year 3,033,641,753$              3,033,641,753$                 Net Position-End of Period 3,136,468,742$              3,130,909,176$               METROPOLITAN ST. LOUIS SEWER DISTRICT STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION DECEMBER 2022 (UNAUDITED)