NOTICES

PORT OF PITTSBURGH COMMISSION

[48 Pa.B. 7091]
[Saturday, November 3, 2018]

Financial Statement

Summary Financial Information
Derived from the Audited Financial Statements

Summary Statement of Net Position
June 30, 2018

Assets and Deferred Outflows of Resources
Assets:
Cash and cash equivalents	$ 3,075,386
Other assets	54,738
Capital assets, net of accumulated depreciation	608,178
Total Assets	3,738,302
Deferred Outflows of Resources	207,660
Total Assets and Deferred Outflows of Resources	$ 3,945,962
	______
Liabilities, Deferred Inflows of Resources, and Net Position
Liabilities	$ 3,617,496
Deferred Inflow of Resources	361,628
Net Position:
Net investment in capital assets	(591,822)
Restricted for port development	558,660
Total Net Position	(33,162)
Total Liabilities, Deferred Inflows of Resources, and Net Position	$ 3,945,962
	______

Summary Statement of Activities
Year Ended June 30, 2018

				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	$ 1,570,715 ______	$ 824,414 ______	$ 895,420 ______	$ 149,119
	General revenues:
	Gain (loss) on disposal of other asset			(11,634)
	Investment income			34,688
	Change in Net Position			172,173
	Net Position:
	Beginning of year—as restated			(205,335)
	Ending of year			$ (33,162) ______

MARY ANN BUCCI, 
Executive Director

[Pa.B. Doc. No. 18-1727. Filed for public inspection November 2, 2018, 9:00 a.m.]

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