2008 Annual Report - DC Water

Statements of Revenues, Expenses and Change in Net Assets
Years Ended September 30, 2008 and 2007 (In thousands)
2008 2007
Operating revenues:
Water and wastewater user charges:
Residential, commercial and multi-family customers $ 183,553 $ 182,327
Federal government 35,888 30,751
District government and D.C. Housing Authority (note 13) 16,193 17,266
Charges for wholesale wastewater treatment 82,854 73,378
Other 3,846 2,735
Total operating revenues 322,334 306,457
Operating expenses:
Personnel services 75,838 70,956
Contractual services 55,127 52,116
Chemicals, supplies and small equipment 28,816 24,510
Utilities and rent 37,843 32,238
Depreciation and amortization 54,418 49,355
Water purchases 25,746 24,042
Other 3,603 4,452
Total operating expenses 281,391 257,669
Operating income 40,943 48,788
Non-operating revenues (expenses):
Interest income 13,573 20,239
Payment in lieu of taxes and right of way fee (note 13) (17,525) (17,514)
Interest expense and fiscal charges (39,342) (30,524)
Total non-operating revenues (expenses) (43,294) (27,799)
Income before Federal grants and contributions (2,351) 20,989
Federal grants and contributions 42,208 25,083
Change in net assets 39,857 46,072
Total net assets, beginning of year 980,890 934,818
Total net assets, ending of year $ 1,020,747 $ 980,890
The notes to the basic financial statements are an integral part of these financial statements.
2008 a n n u a l re p o r t 35
dcwasa essential to Life.