HomeMy Public PortalAboutSeptember (FY24) Income StatementSEPTEMBER 2023 AUGUST 2023 SEPTEMBER 2023 AUGUST 2023 Current Month % Change
YTD YTD Current Month Current Month less Prior Month from Prior Month
Operating Revenues:
Sewer service charges 122,724,347$ 80,313,736$ 42,410,611$ 42,020,874$ 389,737$ 0.9%
Provision for doubtful sewer service charge (1,465,149) (925,120) (540,029) (419,293) (120,736) 28.8%
Licenses, permits, and other fees 880,686 640,301 240,385 291,559 (51,174) -17.6%
Other 904,373 611,344 293,029 496,027 (202,998) -40.9%
Total operating revenues 123,044,257$ 80,640,261$ 42,403,996$ 42,389,167$ 14,829$ 0.0%
Operating Expenses:
Pumping and treatment 19,025,911$ 12,718,356$ 6,307,555$ 6,530,231$ (222,676)$ -3.4%
Collection system maintenance 12,809,437 8,314,128 4,495,309 4,298,730 196,579 4.6%
Engineering 3,019,809 1,879,990 1,139,819 873,122 266,697 30.5%
General and administrative 14,893,249 9,476,464 5,416,785 2,496,391 2,920,394 117.0%
Water backup claims 227,428 9,360 218,068 (69,401) 287,469 414.2%
Depreciation 23,015,654 15,426,993 7,588,661 7,841,955 (253,294) -3.2%
Lease amortization - - - - - N/A
Asset Management 3,682,128 2,141,563 1,540,565 1,018,100 522,465 51.3%
Total operating expenses 76,673,616$ 49,966,854$ 26,706,762$ 22,989,128$ 3,717,634$ 16.2%
Operating Income 46,370,641$ 30,673,407$ 15,697,234$ 19,400,039$ (3,702,805)$ -19.1%
Non-operating Revenues:
Property taxes levied by the District 125,903$ 136,306$ (10,403)$ 18,428$ (28,831)$ -156.5%
Investment income 7,060,007 5,390,508 1,669,499 2,501,315 (831,816) -33.3%
Rent and other income 87,072 57,130 29,942 29,941 1 0.0%
Total non-operating revenues 7,272,982$ 5,583,944$ 1,689,038$ 2,549,684$ (860,646)$ -33.8%
Non-operating Expenses:
Net gain on disposal and sale of capital assets (2,800)$ (1,746)$ (1,054)$ (1,746)$ 692$ 39.6%
Non-recurring projects and studies 3,290,016 2,143,285 1,146,731 966,229 180,502 18.7%
Interest expense 15,896,539 9,727,222 6,169,317 4,728,868 1,440,449 30.5%
Total non-operating expenses 19,183,755$ 11,868,761$ 7,314,994$ 5,693,351$ 1,621,643 28.5%
Income before Capital Contributions 34,459,868$ 24,388,590$ 10,071,278$ 16,256,372$ (6,185,094)$ -38.0%
Capital Contributions:
Capital assets contributed -$ -$ -$ -$ -$ N/A
Grant revenue - - - - - N/A
Total capital contributions -$ -$ -$ -$ -$ N/A
Change in Net Position 34,459,868$ 24,388,590$ 10,071,278$ 16,256,372$ (6,185,094)$ -38.0%
Net Position-Beginning of Year 3,181,865,967$ 3,181,865,967$
Net Position-End of Period 3,216,325,835$ 3,206,254,557$
METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
SEPTEMBER 2023
(UNAUDITED)