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)