HomeMy Public PortalAboutMarch (FY23) Income StatementMARCH 2023 FEBRUARY 2023 MARCH 2023 FEBRUARY 2023 Current Month % Change
YTD YTD Current Month Current Month less Prior Month from Prior Month
Operating Revenues:
Sewer service charges 356,491,410$ 318,985,322$ 37,506,088$ 38,433,423$ (927,335)$ -2.4%
Provision for doubtful sewer service charge (4,173,961) (3,750,195) (423,766) (334,809) (88,957) 26.6%
Licenses, permits, and other fees 3,161,672 2,726,292 435,380 309,587 125,793 40.6%
Other 2,209,657 2,079,198 130,459 391,389 (260,930) -66.7%
Total operating revenues 357,688,778$ 320,040,617$ 37,648,161$ 38,799,590$ (1,151,429)$ -3.0%
Operating Expenses:
Pumping and treatment 49,885,772$ 43,943,294$ 5,942,478$ 4,701,425$ 1,241,053$ 26.4%
Collection system maintenance 35,858,471 31,699,307 4,159,164 3,461,109 698,055 20.2%
Engineering 8,661,552 7,455,711 1,205,841 943,935 261,906 27.7%
General and administrative 47,313,706 42,107,160 5,206,546 4,494,180 712,366 15.9%
Water backup claims 7,385,690 7,180,314 205,376 211,933 (6,557) -3.1%
Depreciation 72,646,838 64,657,008 7,989,830 7,384,929 604,901 8.2%
Lease amortization - - - - - N/A
Asset Management 9,691,377 9,225,484 465,893 1,279,634 (813,741) -63.6%
Total operating expenses 231,443,406$ 206,268,278$ 25,175,128$ 22,477,145$ 2,697,983$ 12.0%
Operating Income 126,245,372$ 113,772,339$ 12,473,033$ 16,322,445$ (3,849,412)$ -23.6%
Non-operating Revenues:
Property taxes levied by the District 47,555,506$ 47,515,823$ 39,683$ 58,505$ (18,822)$ -32.2%
Investment income 10,091,094 3,085,733 7,005,361 (1,069,024) 8,074,385 755.3%
Rent and other income 267,264 237,322 29,942 29,941 1 0.0%
Total non-operating revenues 57,913,864$ 50,838,878$ 7,074,986$ (980,578)$ 8,055,564$ 821.5%
Non-operating Expenses:
Net loss on disposal and sale of capital assets 1,470,441$ 1,511,164$ (40,723)$ 96,144$ (136,867)$ -142.4%
Non-recurring projects and studies 13,575,959 10,370,549 3,205,410 877,141 2,328,269 265.4%
Interest expense 43,757,434 39,034,899 4,722,535 4,264,526 458,009 10.7%
Total non-operating expenses 58,803,834$ 50,916,612$ 7,887,222$ 5,237,811$ 2,649,411 50.6%
Income before Capital Contributions 125,355,402$ 113,694,605$ 11,660,797$ 10,104,056$ 1,556,741$ 15.4%
Capital Contributions:
Capital assets contributed 5,957,290$ 5,001,463$ 955,827$ 904,666$ 51,161$ 5.7%
Grant revenue 823,104 542,801 280,303 - 280,303 N/A
Total capital contributions 6,780,394$ 5,544,264$ 1,236,130$ 904,666$ 331,464$ 36.6%
Change in Net Position 132,135,796$ 119,238,869$ 12,896,927$ 11,008,722$ 1,888,205$ 17.2%
Net Position-Beginning of Year 3,033,641,753$ 3,033,641,753$
Net Position-End of Period 3,165,777,549$ 3,152,880,622$
METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
MARCH 2023
(UNAUDITED)