HomeMy Public PortalAboutMarch (FY24) Segmented Income StatementMarch 2024 March 2024 March 2024
YTD YTD YTD
Sanitary Storm Total
Operating Revenues:
Sewer service charges 367,060,467$ (790)$ 367,059,677$
Recovery of (provision for) doubtful sewer service charge (3,996,363) 4,079 (3,992,284)
Licenses, permits, and other fees 2,596,539 - 2,596,539
Other 1,802,291 1,006 1,803,297
Total operating revenues 367,462,934 4,295 367,467,229
Operating Expenses:
Pumping and treatment 55,437,780$ -$ 55,437,780$
Collection system maintenance 25,505,722 11,084,653 36,590,375
Engineering 1,055,355 8,223,968 9,279,323
General and administrative 55,125,318 648,069 55,773,387
Water backup claims 1,554,285 - 1,554,285
Depreciation 60,035,280 10,998,253 71,033,533
Lease amortization 5,438,279 - 5,438,279
Asset Management 10,667,412 1,286,650 11,954,062
Total operating expenses 214,819,431 32,241,593 247,061,024
Operating Income 152,643,503$ (32,237,298)$ 120,406,205$
Nonoperating Revenues:
Property taxes levied by the District -$ 50,006,107$ 50,006,107$
Investment income 19,761,402 3,366,775 23,128,177
Rent and other income 266,731 - 266,731
Total nonoperating revenues 20,028,133 53,372,882 73,401,015
Non-operating Expenses:
Net (gain) loss on disposal and sale of capital assets (261)$ 241,720$ 241,459$
Non-recurring projects and studies 5,069,361 3,154,646 8,224,007
Interest expense 44,439,587 - 44,439,587
Total non-operating expenses 49,508,687 3,396,366 52,905,053
Income before Capital Contributions 123,162,949$ 17,739,218$ 140,902,167$
Capital Contributions:
Utility plant contributed 9,552,096$ 6,648,355$ 16,200,451$
Grant revenue 2,338,574 1,566,349 3,904,923
Total capital contributions 11,890,670 8,214,704 20,105,374
Change in Net Position 135,053,619$ 25,953,922$ 161,007,541$
Net Position-Beginning of Year 2,588,246,670$ 593,619,296$ 3,181,865,966$
Net Position-End of Year 2,723,300,289$ 619,573,218$ 3,342,873,507$
Please note - Rounding issues will be corrected at FYE
METROPOLITAN ST. LOUIS SEWER DISTRICT
FOR THE PERIOD ENDING
March 2024
(UNAUDITED)
SEGMENTED STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET POSITION