HomeMy Public PortalAboutDecember (FY24) Segmented Income StatementDecember 2023 December 2023 December 2023
YTD YTD YTD
Sanitary Storm Total
Operating Revenues:
Sewer service charges 248,225,572$ (728)$ 248,224,844$
Recovery of (provision for) doubtful sewer service charge (2,538,118) 3,053 (2,535,065)
Licenses, permits, and other fees 1,606,673 - 1,606,673
Other 1,172,846 579 1,173,425
Total operating revenues 248,466,973 2,904 248,469,877
Operating Expenses:
Pumping and treatment 35,760,514$ -$ 35,760,514$
Collection system maintenance 17,177,840 7,400,949 24,578,789
Engineering 386,666 5,496,350 5,883,016
General and administrative 37,604,962 318,838 37,923,800
Water backup claims 413,664 - 413,664
Depreciation 39,041,298 7,122,726 46,164,024
Lease amortization - - -
Asset Management 7,186,000 906,386 8,092,386
Total operating expenses 137,570,944 21,245,249 158,816,193
Operating Income 110,896,029$ (21,242,345)$ 89,653,684$
Nonoperating Revenues:
Property taxes levied by the District -$ 53,515,072$ 53,515,072$
Investment income 14,669,009 2,428,207 17,097,216
Rent and other income 175,525 - 175,525
Total nonoperating revenues 14,844,534 55,943,279 70,787,813
Non-operating Expenses:
Net (gain) loss on disposal and sale of capital assets (56,989)$ (15,149)$ (72,138)$
Non-recurring projects and studies 6,006,396 2,875,846 8,882,242
Interest expense 29,960,565 - 29,960,565
Total non-operating expenses 35,909,972 2,860,697 38,770,669
Income before Capital Contributions 89,830,591$ 31,840,237$ 121,670,828$
Capital Contributions:
Utility plant contributed -$ -$ -$
Grant revenue 1,514,232 51,550 1,565,782
Total capital contributions 1,514,232 51,550 1,565,782
Change in Net Position 91,344,823$ 31,891,787$ 123,236,610$
Net Position-Beginning of Year 2,588,246,670$ 593,619,296$ 3,181,865,966$
Net Position-End of Year 2,679,591,493$ 625,511,083$ 3,305,102,576$
Please note - Rounding issues will be corrected at FYE
METROPOLITAN ST. LOUIS SEWER DISTRICT
FOR THE PERIOD ENDING
December 2023
(UNAUDITED)
SEGMENTED STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION