NOTICES

PORT OF PITTSBURGH COMMISSION

Independent Auditor's Report

[27 Pa.B. 5160]

Members of the Port of Pittsburgh Commission
Pittsburgh, Pennsylvania

   We have audited the balance sheets of the Port of Pittsburgh Commission Special Revenue Fund (Commission), a component unit of the Commonwealth of Pennsylvania, as of June 30, 1997 and 1996. and the related statements of revenues, expenditures and changes in fund balance for the years then ended (not presented herein). In our report dated August 22, 1997, we expressed an unqualified opinion on the financial statements.

   As described on the accompanying schedule, this summary financial information of the Commission as of and for the years ended June 30, 1997 and 1996 is not a presentation in conformity with generally accepted accounting principles. In our opinion, however, the accompanying summary financial information is fairly stated, in all material respects, in relation to the statements from which it has been derived.

MAHER DUESSEL
August 22, 1997

Port of Pittsburgh Commission
Special Revenue Fund
(A Component Unit of the Commonwealth of Pennsylvania)

Balance Sheets
June 30, 1997 and 1996

	1997	1996
ASSETS
Cash and investments	$ 558,442	$ 415,913
Other assets	2,630	1,929
TOTAL ASSETS	$ 561,072	$ 417,842
LIABILITIES AND FUND BALANCE
Liabilities	$ 30,564	$ 53,347
Fund balance - reserved for    economic development	530,508	364,495
TOTAL LIABILITIES AND    FUND BALANCE	$ 561,072	$ 417,842

Statements of Revenues, Expenditures, and Changes in Fund Balance
For the Years Ended June 30, 1997 and 1996

	1997	1996
REVENUES AND OTHER    FINANCING SOURCES:
Intergovernmental transfers	$ 600,000	$ 600,000
Grant revenues	-	60,238
Other	27,262	23,290
	627,262	683,528
EXPENDITURES	461,249	529,805
Excess of revenues over    expenditures	166,013	153,723
Fund balance, beginning of year	364,495	210,772
Fund balance, end of year	$ 530,508	$ 364,495

   The summary financial information shown above differs from generally accepted accounting principles. Differences include: amounts are grouped; captions are summarized; footnote disclosures are omitted.

Certified by

JAMES R. MCCARVILLE,   
Executive Director

[Pa.B. Doc. No. 97-1608. Filed for public inspection October 3, 1997, 9:00 a.m.]

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