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HomeMy Public PortalAboutMarch (FY24) Balance SheetMARCH 2024 FEBRUARY 2024 YTD YTD $ Variance % change Current Assets: Unrestricted Current Assets: Cash and cash equivalents 15,974,651$ 14,648,090$ 1,326,561$ 9.1% Investments 218,106,026 224,461,816 (6,355,790) -2.8% Sewer service charges receivable 80,392,788 80,880,115 (487,327) -0.6% Unbilled sewer service charges receivable 38,974,479 38,986,888 (12,409) 0.0% Property taxes receivable 1,300,337 1,368,747 (68,410) -5.0% Accrued income on investments 2,945,035 2,538,187 406,848 16.0% Other Receivables 3,350,006 4,404,346 (1,054,340) -23.9% Supplies inventory 9,656,881 9,675,258 (18,377) -0.2% Total unrestricted current assets 370,700,203$ 376,963,447$ (6,263,244)$ -1.7% Restricted Current Assets: Cash and cash equivalents 1,128,471$ 1,062,068$ 66,403$ 6.3% Investments 15,378,196 16,986,930 (1,608,734) -9.5% Other Receivables 33,157 33,157 - 0.0% Total restricted current assets 16,539,824$ 18,082,155$ (1,542,331)$ -8.5% Total current assets 387,240,027$ 395,045,602$ (7,805,575)$ -2.0% Non-current Assets: Restricted Assets: Cash and cash equivalents 17,315,211$ 8,301,120$ 9,014,091$ 108.6% Investments 99,992,339 101,354,160 (1,361,821) -1.3% Long-term investments 50,190,863 49,674,058 516,805 1.0% Property taxes receivable 8,511,449 8,983,883 (472,434) -5.3% Accrued Income on investments 1,091,177 935,886 155,291 16.6% Other Receivables 610,435 807,496 (197,061) -24.4% Total restricted non-current assets 177,711,474$ 170,056,603$ 7,654,871$ 4.5% Other Assets: Notes receivable 7,559,251$ 7,763,983$ (204,732)$ -2.6% Long-term investments 255,073,090 242,275,316 12,797,774 5.3% Other Receivables - Non Current (Leases)3,012,760 3,012,760 - 0.0% Total other assets 265,645,101$ 253,052,059$ 12,593,042$ 5.0% Capital Assets: Depreciable: Treatment and disposal plant and equipment 1,335,089,601$ 1,334,999,138$ 90,463$ 0.0% Collection and pumping plant 3,436,689,557 3,425,912,741 10,776,816 0.3% General plant and equipment 116,459,111 115,832,402 626,709 0.5% Lease right of use asset 43,025,927 43,025,927 - 0.0% 4,931,264,196$ 4,919,770,208$ 11,493,988$ 0.2% Less: Accumulated depreciation 1,952,088,316 1,944,046,769 8,041,547 0.4% Less: Accumulated amortization 17,933,529 17,329,275 604,254 3.5% Net Depreciable Assets 2,961,242,351$ 2,958,394,164$ 2,848,187$ 0.1% Non-depreciable: Land 83,604,309$ 83,582,964$ 21,345$ 0.0% Construction in progress 1,706,612,335 1,681,491,121 25,121,214 1.5% Net capital assets 4,751,458,995$ 4,723,468,249$ 27,990,746$ 0.6% Total non-current assets 5,194,815,570$ 5,146,576,911$ 48,238,659$ 0.9% Total Assets 5,582,055,597$ 5,541,622,513$ 40,433,084$ 0.7% Deferred Outflow of Resources: Bonds and Notes Payable-Deferred Loss 2,617,606$ 2,639,092$ (21,486)$ -0.8% Pension-related Outflows 50,084,383 50,084,383 - 0.0% OPEB-related Outflows 3,914,965 3,914,965 - 0.0% Total Deferred Outflow of Resources 56,616,954$ 56,638,440$ (21,486)$ 0.0% METROPOLITAN ST. LOUIS SEWER DISTRICT STATEMENT OF NET POSITION FOR THE PERIOD ENDING MARCH 2024 (UNAUDITED) MARCH 2024 FEBRUARY 2024 YTD YTD $ Variance % change METROPOLITAN ST. LOUIS SEWER DISTRICT STATEMENT OF NET POSITION FOR THE PERIOD ENDING MARCH 2024 (UNAUDITED) Current Liabilities: Contracts and accounts payable 54,729,541$ 56,846,053$ (2,116,512)$ -3.7% Lease liability 5,139,685 5,139,685 - 0.0% Deposits and accrued expenses 62,021,048 55,051,295 6,969,753 12.7% Retainage payable 23,818,375 23,417,945 400,430 1.7% Current portion of bonds and notes payable 71,212,000 71,212,000 - 0.0% 216,920,649$ 211,666,978$ 5,253,671$ 2.5% Current Liabilities-Payable From Restricted Assets Contracts and accounts payable 80,475$ 91,588$ (11,113)$ -12.1% Retainage 638,229 631,849 6,380 1.0% 718,704$ 723,437$ (4,733)$ -0.7% Total current liabilities 217,639,353$ 212,390,415$ 5,248,938$ 2.5% Non-current Liabilities: Deposits and accrued expenses 9,487,831$ 9,502,262$ (14,431)$ -0.2% Net pension liability 97,264,333 97,264,333 - 0.0% Lease liability 13,532,086 13,532,086 - 0.0% Total OPEB Liability 26,108,766 26,108,766 - 0.0% Bonds and notes payable 1,911,202,922 1,894,405,462 16,797,460 0.9% 2,057,595,938$ 2,040,812,909$ 16,783,029$ 0.8% Total Liabilities 2,275,235,291$ 2,253,203,324$ 22,031,967$ 1.0% Deferred Inflow of Resources: Bonds and Notes Payable - Deferred Gain 11,568,166$ 11,639,063$ (70,897)$ -0.6% Pension-related Inflows 1,418,903 1,418,903 - 0.0% OPEB-related Inflows 4,498,508 4,498,508 - 0.0% Lease Inflows 3,078,176 3,078,176 - 0.0% Total Deferred Inflow of Resources 20,563,753$ 20,634,650$ (70,897)$ -0.3% Net Position: Net Investment in Capital Assets 2,682,095,569$ 2,674,933,931$ 7,161,638$ 0.3% Restricted for: Debt Service 64,088,145 60,534,153 3,553,992 5.9% Subdistrict construction and improvement 104,027,571 107,064,662 (3,037,091) -2.8% Unrestricted 492,662,222 481,890,233 10,771,989 2.2% Total Net Position 3,342,873,507$ 3,324,422,979$ 18,450,528$ 0.6%