NOTICES

PORT OF PITTSBURGH COMMISSION

Financial Statement

[47 Pa.B. 7163]
[Saturday, November 18, 2017]

Summary Financial Information
Derived from the Audited Financial Statements

Summary Statement of Net Position
June 30, 2017

Assets and Deferred Outflows of Resources
Assets:
Cash and cash equivalents	$ 2,569,443
Other assets	744,850
Capital assets, net of accumulated depreciation/amortization	696,834
Total Assets	4,011,127
Deferred Outflows of Resources	224,213
Total Assets and Deferred Outflows of Resources	$ 4,235,340
	______
Liabilities, Deferred Inflows of Resources, and Net Position
Liabilities	$ 4,052,087
Deferred Inflow of Resources	65,004
Net Position:
Net investment in capital assets	(1,314,800)
Restricted for port development	1,433,049
Total Net Position	118,249
Total Liabilities, Deferred Inflows of Resources, and Net Position	$ 4,235,340
	______

Summary Statement of Activities
Year Ended June 30, 2017

				Net (Expense) Revenue and Changes
		Program Revenues		in Net Position
Functions/Programs	Expenses	Charges for Services	Operating Grants and Contributions	Governmental Activities
Governmental Activities:
Port development	$ 2,122,463 ______	$ 11,449 ______	$ 1,964,675 ______	$ (146,339)
	General revenues:
	Miscellaneous income			83
	Investment income			18,835
	Change in Net Position			(127,421)
	Net Position:
	Beginning of year			245,670
	Ending of year			$ 118,249 ______

MARY ANN BUCCI, 
Executive Director

[Pa.B. Doc. No. 17-1928. Filed for public inspection November 17, 2017, 9:00 a.m.]

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