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PA Bulletin, Doc. No. 17-1928



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      
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/ProgramsExpensesCharges for
Operating Grants and Contributions    Governmental Activities
Governmental Activities:
 Port development $ 2,122,463
$ 11,449
$ 1,964,675
$ (146,339)
General revenues:
 Miscellaneous income83
 Investment income18,835
Change in Net Position(127,421)
Net Position:
 Beginning of year   245,670
 Ending of year $ 118,249

Executive Director

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

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