Changes in Revenues, Expenses and Net Position While the Statements of Net Position reflect the change in the Authority’s financial position, the Statements of Revenues, Expenses and Changes in Net Position that follow provide insight as to the nature and source of those changes. The following table summarizes changes in revenues and expenses between fiscal year 2020 and 2019: Condensed Statements of Revenues, Expenses and Changes in Net Position Increase 2020 Water and sewer user charges Development charges Other Total operating revenues Availability fees Investment income Grant revenue Equity interest in UOSA Other Total non-operating revenues Contributions from developers and others Total revenues Personnel services Purchased resources Contractual services Materials and supplies Other Total operating expenses Depreciation and amortization Interest expense Payments for UOSA debt service Purchased capacity Total expenses Change in net position Total net position, beginning of year Total net position, end of year Revenues (In millions) 100 125 150 175 25 50 75 0 2020 20 FINANCIAL SECTION 2019 2018 MANAGEMENT’S DISCUSSION AND ANALY SIS Operating Revenues Availability Fees Contributions from Developers and others Total Revenues $ 116,694,479 1,775,068 684,730 119,154,277 28,996,478 10,426,352 5,000 (4,042,609) 932,625 36,317,846 13,872,544 169,344,667 39,352,185 28,030,998 9,561,195 5,649,709 6,708,100 89,302,187 42,260,795 3,151,552 10,686,076 668,004 146,068,614 23,276,053 1,329,116,414 $ 1,352,392,467 2019 $ 111,478,707 1,603,267 748,216 113,830,190 21,872,652 9,844,877 – (7,202,430) 376,543 24,891,642 27,083,099 165,804,931 38,088,662 25,336,192 10,303,875 6,247,372 6,038,315 86,014,416 40,989,979 3,262,054 10,707,029 612,337 141,585,815 24,219,116 1,304,897,298 $ 1,329,116,414 (Decrease) $ 5,215,772 171,801 (63,486) 5,324,087 7,123,826 581,475 5,000 3,159,821 556,082 11,426,204 (13,210,555) 3,539,736 1,263,523 2,694,806 (742,680) (597,663) 669,785 3,287,771 1,270,816 (110,502) (20,953) 55,667 4,482,799 (943,063) 24,219,116 $ 23,276,053 % Change 4.7% 10.7 (8.5) 4.7 32.6 5.9 100.0 (43.9) 147.7 45.9 (48.8) 2.1 3.3 10.6 (7.2) (9.6) 11.1 3.8 3.1 (3.4) (0.2) 9.1 3.2 (3.9) 1.9 1.8 Expenses (In millions) $45 40 35 30 10 15 20 25 0 5 2020
Prince William County Service Authority | 4 County Complex Court Woodbridge, VA 22192
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