Comprehensive Annual Financial Report - Metro Transit

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Operating Loss (1,367,841) (1,176,547) (962,527) (719,732) (379,634) (842,931) (678,509) (881,719) (801,109) (1,026,114)Non-operating Income (Loss)* 1,346 94,035 (251,493) 33,467 37,769 21,051 7,914 (13,712) 24,543 3,336Net Loss $ (1,366,495) $ (1,082,512) $ (1,214,020) $ (686,265) $ (341,865) $ (821,880) $ (670,595) $ (895,431) $ (776,566) $ (1,022,778)Bi-State Development Agency of theMissouri-Illinois Metropolitan DistrictSt. Louis Downtown AirportOperating DataLast Ten Fiscal Years2011 2010 2009 2008 2007 2006 2005 2004 2003 2002Operating Revenue $ 1,374,264 $ 1,380,674 $ 1,507,623 $ 1,495,237 $ 1,400,736 $ 1,272,522 $ 1,218,983 $ 1,069,398 $ 1,003,287 $ 927,810Operating Expensesbefore depreciation1,324,101 1,259,830 1,547,503 1,173,577 997,097 974,270 904,505 901,373 836,273 839,675Operating Incomebefore depreciation50,163 120,844 (39,880) 321,660 403,639 298,252 314,478 168,025 167,014 88,135Depreciation & Amortization 1,418,004 1,297,391 922,647 1,041,392 783,273 1,141,183 992,987 1,049,744 968,123 1,114,249Total Assets $ 22,218,101 $ 21,908,196 $ 16,439,975 $ 14,728,367 $ 13,508,462 $ 13,849,228 $ 14,212,035 $ 14,305,383 $ 15,242,829 $ 15,860,906Capital Assets $ 21,644,892 $ 19,508,606 $ 15,653,501 $ 13,554,538 $ 12,513,295 $ 13,028,692 $ 13,672,726 $ 13,942,238 $ 14,977,334 $ 15,507,516Capital Assets asPercent of Total Assets 97.4% 89.0% 95.2% 92.0% 92.6% 94.1% 96.2% 97.5% 98.3% 97.8%Restricted Assets $ 154,658 $ 156,623 $ 156,623 $ 43,443 $ - $ - $ - $ - $ - $ -Restricted Assets asPercent of Total Assets 0.7% 0.7% 1.0% 0.3% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%Avg. monthly-based aircraft (1) 305 297 300 269 253 260 263 253 250 240Total Operations (2) 93,443 116,267 116,316 110,987 128,530 156,866 166,959 171,858 165,882 165,370Fuel Sales (gals.) (3) 1,729,770 2,029,738 2,061,238 2,150,071 2,233,119 2,207,545 2,367,233 2,101,253 1,676,342 1,767,699(1)Number of aircraft stored in owned or leased hangars or outside ramp(2)Takeoff or landing recorded by the tower; movements when the tower is closed are not included(3)Number of gallons of aviation fuel purchased from Airport during the year*Includes Interest Income and Interest ExpenseSource of data: Audited financial statements, Monthly Activity Report79
Bi-State Development Agency of theMissouri-Illinois Metropolitan DistrictTransitOperating DataLast Ten Fiscal Years2011 2010 2009 2008 2007 2006 2005 2004 2003 2002Operating Revenue $ 51,187,443 $ 49,140,499 $ 51,386,934 $ 50,183,094 $ 47,016,136 $ 42,451,595 $ 39,222,452 $ 35,206,027 $ 36,011,217 $ 34,998,508Operating Expensesbefore depreciation 220,559,677 204,859,953 212,378,384 211,681,123 182,339,329 173,920,563 169,920,165 166,730,423 160,686,132 154,733,806Operating Income (Loss)before depreciation (169,372,234) (155,719,454) (160,991,450) (161,498,029) (135,323,193) (131,468,968) (130,697,713) (131,524,396) (124,674,915) (119,735,298)Depreciation & Amortization 75,490,541 74,813,944 76,635,115 78,295,597 77,497,004 73,437,551 58,009,309 57,075,943 55,576,585 51,475,481Operating Income (Loss) (244,862,775) (230,533,398) (237,626,565) (239,793,626) (212,820,197) (204,906,519) (188,707,022) (188,600,339) (180,251,500) (171,210,779)Non-operating Income (Loss)* 168,686,071 142,459,699 149,338,154 134,957,730 120,396,418 80,670,326 74,622,509 135,814,091 115,399,236 122,426,269Net Income (Loss) $ (76,176,704) $ (88,073,699) $ (88,288,411) $ (104,835,896) $ (92,423,779) $ (124,236,193) $ (114,084,513) $ (52,786,248) $ (64,852,264) $ (48,784,510)Total Assets $ 1,376,712,107 $ 1,471,250,609 $ 1,704,418,470 $ 1,763,652,603 $ 1,815,692,662 $ 1,893,648,365 $ 1,865,289,914 $ 1,954,556,528 $ 1,910,329,924 $ 1,460,305,100Capital Assets $ 1,098,395,149 $ 1,142,807,954 $ 1,198,851,341 $ 1,241,070,976 $ 1,183,711,304 $ 713,581,162 $ 750,490,360 $ 776,076,473 $ 799,119,566 $ 934,223,372Capital Assets asPercent of Total Assets 79.8% 77.7% 70.3% 70.4% 65.2% 37.7% 40.2% 39.7% 41.8% 64.0%Restricted Assets $ 198,198,922 $ 270,470,730 $ 452,152,450 $ 445,992,428 $ 453,574,954 $ 494,963,439 $ 521,778,423 $ 721,990,829 $ 851,516,323 $ 466,584,945Restricted Assets asPercent of Total Assets 14.4% 18.4% 26.5% 25.3% 25.0% 26.1% 28.0% 36.9% 44.6% 32.0%*Includes Interest Income and Interest ExpenseSource of data: Audited financial statements80
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2011Comprehensive AnnualFinancial R
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Introduction SectionBi-State Develo
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October 26, 2011Vincent C. Schoemeh
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Sources of Local Match Funding for
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Business EnterprisesAll other opera
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Emerson Electric, Express Scripts a
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moved forward with the dedication o
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Executive OfficersJohn M. NationsPr
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Bi-State Development Agency of theM
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Board of CommissionersBi-State Deve
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Page 85 and 86: for) operating activities $ (343,73
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Page 113 and 114: Ticket prices are: All: $62.00"Sund
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Comprehensive Annual Financial Report - Metro Transit

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