Comprehensive Annual Financial Report - Metro Transit

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Bi-State Development Agency of theMissouri-Illinois Metropolitan DistrictCombined Statements of Cash FlowsFor the years ended June 30, 2011 and 20102011 2010Reconciliation of operating loss to net cashused for operating activitiesOperating loss $ (245,659,206) $ (230,086,009)Adjustments to reconcile operatingloss to net cash used for operating activitiesDepreciation and amortization78,296,734 77,216,621Changes in assets and liabilitiesReceivables Materials and suppliesPrepaid expenses, deferred charges andother current assets303,323(1,416,088)(1,215,965)250,257(193,393)(71,994)Accounts payableOther current liabilitiesAccrued expensesOther post employment benefits liabilitySelf-insurance liability2,630,0057,602,291(331,129)7,623,9992,085,758(1,938,503)(8,143)2,193,0137,919,002(578,378)Total adjustments 95,578,928 84,788,482Net cash used for operating activities $ (150,080,278) $ (145,297,527)Supplemental Disclosure ofCash Flow InformationNon-cash Activities:Unrealized gain on investment heldto pay capital lease/leaseback liability $ - $ 6,787,676Interest rate swap termination liability - 575,200Payments of capital lease obligationInterest accrued on capital lease obligation22,932,0006,757,352202,891,95516,123,598Interest earnings on investments held topay capital lease/leaseback liability 4,560,766 9,491, 546Remarketing of 2005 debt 145,290,000 -Loss on 1995 capital lease termination 6,488,743 -5See Accompanying Notes to Combined Financial Statements15
Bi-State Development Agency of theMissouri-Illinois Metropolitan DistrictFiduciary ActivitiesRetirement Medical PlanStatement of Fiduciary Net AssetsAs of June 30, 2011 and 2010Bi-State DevelopmentAgency OPEB TrustTrust Fund2011 2010AssetsInvestments:Money Market $ 6,084,361 $ 3,079,196Total Assets $ 6,084,361 $3,079,196Net AssetsHeld in trust for OPEB benefits $ 6,084,361 $ 3,079,196Statement of Changes in Fiduciary Net AssetsFor the years ended June 30, 2011 and 2010Bi-State DevelopmentAgency OPEB TrustTrust Fund2011 2010AdditionsContributions:Employer contributions $ 3,000,000 $ 3,079,196Interest / dividends 5,138 -Capital gains 27 -Total Additions 3,005,165 3,079,196DeductionsBenefits paid - -Change In Net Assets 3,005,165 3,079,196Net Assets Held In Trust For Pension Benefits -Beginning Of Year 3,079,196 -Net Assets Held In Trust For Pension Benefits -End Of Year $ 6,084,361 $ 3,079,196_____________________See Accompanying Notes to Combined Financial Statements16
Page 1 and 2: 2011Comprehensive AnnualFinancial R
Page 3 and 4: Introduction SectionBi-State Develo
Page 5 and 6: October 26, 2011Vincent C. Schoemeh
Page 7 and 8: Sources of Local Match Funding for
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for) operating activities $ (343,73
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Bi-State Development Agency of theM
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for) operating activities $ 142,907
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Ticket prices are: All: $62.00"Sund
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707 N. First StreetSt. Louis, MO 63
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Comprehensive Annual Financial Report - Metro Transit

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