HomeMy Public PortalAboutDecember (FY24) Income StatementDECEMBER 2023 NOVEMBER 2023 DECEMBER 2023 NOVEMBER 2023 Current Month % Change
YTD YTD Current Month Current Month less Prior Month from Prior Month
Operating Revenues:
Sewer service charges 248,224,844$ 206,579,434$ 41,645,410$ 42,347,019$ (701,609)$ -1.7%
Provision for doubtful sewer service charge (2,535,065) (2,294,671) (240,394) (343,852) 103,458 -30.1%
Licenses, permits, and other fees 1,606,673 1,353,310 253,363 248,024 5,339 2.2%
Other 1,173,425 766,152 407,273 145,159 262,114 180.6%
Total operating revenues 248,469,877$ 206,404,225$ 42,065,652$ 42,396,350$ (330,698)$ -0.8%
Operating Expenses:
Pumping and treatment 35,760,514$ 30,826,303$ 4,934,211$ 5,482,139$ (547,928)$ -10.0%
Collection system maintenance 24,578,789 20,906,738 3,672,051 4,091,792 (419,741) -10.3%
Engineering 5,883,016 4,957,088 925,928 1,092,264 (166,336) -15.2%
General and administrative 37,923,800 27,450,218 10,473,582 6,157,785 4,315,797 70.1%
Water backup claims 413,664 344,967 68,697 172,836 (104,139) -60.3%
Depreciation 46,164,024 38,364,044 7,799,980 7,546,550 253,430 3.4%
Lease amortization - - - - - N/A
Asset Management 8,092,386 5,833,812 2,258,574 1,309,835 948,739 72.4%
Total operating expenses 158,816,193$ 128,683,170$ 30,133,023$ 25,853,201$ 4,279,822$ 16.6%
Operating Income 89,653,684$ 77,721,055$ 11,932,629$ 16,543,149$ (4,610,520)$ -27.9%
Non-operating Revenues:
Property taxes levied by the District 53,515,072$ 43,316,805$ 10,198,267$ 43,239,752$ (33,041,485)$ -76.4%
Investment income 17,097,216 13,137,361 3,959,855 3,619,591 340,264 9.4%
Rent and other income 175,525 145,455 30,070 28,442 1,628 5.7%
Total non-operating revenues 70,787,813$ 56,599,621$ 14,188,192$ 46,887,785$ (32,699,593)$ -69.7%
Non-operating Expenses:
Net gain on disposal and sale of capital assets (72,138)$ (4,795)$ (67,343)$ -$ (67,343)$ N/A
Non-recurring projects and studies 8,882,242 6,570,468 2,311,774 487,266 1,824,508 374.4%
Interest expense 29,960,565 25,999,817 3,960,748 5,428,551 (1,467,803) -27.0%
Total non-operating expenses 38,770,669$ 32,565,490$ 6,205,179$ 5,915,817$ 289,362 4.9%
Income before Capital Contributions 121,670,828$ 101,755,186$ 19,915,642$ 57,515,117$ (37,599,475)$ -65.4%
Capital Contributions:
Capital assets contributed -$ -$ -$ -$ -$ N/A
Grant revenue 1,565,782 - 1,565,782 - 1,565,782 N/A
Total capital contributions 1,565,782$ -$ 1,565,782$ -$ 1,565,782$ N/A
Change in Net Position 123,236,610$ 101,755,186$ 21,481,424$ 57,515,117$ (36,033,693)$ -62.7%
Net Position-Beginning of Year 3,181,865,966$ 3,181,865,966$
Net Position-End of Period 3,305,102,576$ 3,283,621,152$
METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
DECEMBER 2023
(UNAUDITED)