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PA Bulletin, Doc. No. 14-2604

NOTICES

PORT OF PITTSBURGH COMMISSION

Financial Statement

[44 Pa.B. 7807]
[Saturday, December 13, 2014]

Summary Financial Information
Derived from the Audited Financial Statements

Summary Statement of Net Position
JUNE 30, 2014

__________________________________________________________________________________________________

      Assets
_________________
   Cash and cash equivalents $ 2,756,551
   Capital assets, net of accumulated depreciation/amortization 949,078
   Other assets 95,309
______
      Total Assets $ 3,800,938
______
______
  Liabilities and Net Position
_________________
Liabilities $ 2,411,802
_______________________
Net Position:
_________________
   Net investment in capital assets (1,067,542)
   Restricted for port development 2,456,678
______
   Total Net Position 1,389,136
______
    Total Liabilities and Net Position$ 3,800,938
______
______

Summary Statement of Revenues, Expenses, and Changes in Net Position
Year Ended June 30, 2014

__________________________________________________________________________________________________

Program Revenues
Net (Expense) Revenue
and Changes
in Net Position
Functions/ProgramsExpenses Charges for Services     Operating Grants and Contributions Governmental Activities
Governmental Activities:
  Port development   $1,700,285     $ 2,518    $ 546,122 $ (1,151,645)
__________________
__________________
General revenues:
 Investment income 9,695
______
Change in Net Position (1,141,950)
Net Position:
 Beginning of year 2,531,086
______
 Ending of year $ 1,389,136
______
______

STEPHEN MARTINKO, 
Executive Director

[Pa.B. Doc. No. 14-2604. Filed for public inspection December 12, 2014, 9:00 a.m.]



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