HomeMy Public PortalAboutMarch (FY24) Income StatementMARCH 2024 FEBRUARY 2024 MARCH 2024 FEBRUARY 2024 Current Month % Change
YTD YTD Current Month Current Month less Prior Month from Prior Month
Operating Revenues:
Sewer service charges 367,059,677$ 328,715,441$ 38,344,236$ 40,066,882$ (1,722,646)$ -4.3%
Provision for doubtful sewer service charge (3,992,284) (3,553,711) (438,573) (517,185) 78,612 -15.2%
Licenses, permits, and other fees 2,596,539 2,244,905 351,634 251,086 100,548 40.0%
Other 1,803,297 1,604,688 198,609 207,367 (8,758) -4.2%
Total operating revenues 367,467,229$ 329,011,323$ 38,455,906$ 40,008,150$ (1,552,244)$ -3.9%
Operating Expenses:
Pumping and treatment 55,437,780$ 48,943,142$ 6,494,638$ 6,253,743$ 240,895$ 3.9%
Collection system maintenance 36,590,375 32,594,363 3,996,012 4,009,452 (13,440) -0.3%
Engineering 9,279,323 8,220,296 1,059,027 1,306,860 (247,833) -19.0%
General and administrative 55,773,387 50,272,508 5,500,879 6,202,371 (701,492) -11.3%
Water backup claims 1,554,285 555,147 999,138 (38,283) 1,037,421 2709.9%
Depreciation 71,033,533 62,874,717 8,158,816 8,808,115 (649,299) -7.4%
Lease amortization 5,438,279 4,834,026 604,253 604,253 - 0.0%
Asset Management 11,954,062 10,485,792 1,468,270 1,162,905 305,365 26.3%
Total operating expenses 247,061,024$ 218,779,991$ 28,281,033$ 28,309,416$ (28,383)$ -0.1%
Operating Income 120,406,205$ 110,231,332$ 10,174,873$ 11,698,734$ (1,523,861)$ -13.0%
Non-operating Revenues:
Property taxes levied by the District 50,006,107$ 49,913,226$ 92,881$ (208,344)$ 301,225$ 144.6%
Investment income 23,128,177 20,515,684 2,612,493 664,415 1,948,078 293.2%
Rent and other income 266,731 234,408 32,323 29,442 2,881 9.8%
Total non-operating revenues 73,401,015$ 70,663,318$ 2,737,697$ 485,513$ 2,252,184$ 463.9%
Non-operating Expenses:
Net loss on disposal and sale of capital assets 241,459$ 128,075$ 113,384$ 198,085$ (84,701)$ -42.8%
Non-recurring projects and studies 8,224,007 10,551,147 (2,327,140) 441,412 (2,768,552) -627.2%
Interest expense 44,439,587 39,574,771 4,864,816 4,529,228 335,588 7.4%
Total non-operating expenses 52,905,053$ 50,253,993$ 2,651,060$ 5,168,725$ (2,517,665) -48.7%
Income before Capital Contributions 140,902,167$ 130,640,657$ 10,261,510$ 7,015,522$ 3,245,988$ 46.3%
Capital Contributions:
Capital assets contributed 16,200,451$ 8,423,495$ 7,776,956$ 8,398,266$ (621,310)$ -7.4%
Grant revenue 3,904,923 3,492,861 412,062 1,855,898 (1,443,836) -77.8%
Total capital contributions 20,105,374$ 11,916,356$ 8,189,018$ 10,254,164$ (2,065,146)$ -20.1%
Change in Net Position 161,007,541$ 142,557,013$ 18,450,528$ 17,269,686$ 1,180,842$ 6.8%
Net Position-Beginning of Year 3,181,865,966$ 3,181,865,966$
Net Position-End of Period 3,342,873,507$ 3,324,422,979$
METROPOLITAN ST. LOUIS SEWER DISTRICT
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION
MARCH 2024
(UNAUDITED)