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PA Bulletin, Doc. No. 16-1972

NOTICES

PORT OF PITTSBURGH COMMISSION

Financial Statement

[46 Pa.B. 7234]
[Saturday, November 12, 2016]

Summary Financial Information
Derived from the Audited Financial Statements

Summary Statement of Net Position
June 30, 2016

         Assets            
 Cash and cash equivalents $ 2,530,402
 Other assets 1,035,361
 Capital assets, net of accumulated depreciation/amortization  770,429
  Total Assets $ 4,336,192
______
       Deferred Outflows of Resources         $ 167,771
Liabilities, Deferred Inflows of Resources, and Net Position
Liabilities$ 4,195,009
Deferred Outflow of Resources 63,284
Net Position:
 Net investment in capital assets (1,242,867)
 Restricted for port development  1,488,537
  Total Net Position    245,670
     Total Liabilities, Deferred Outflows of Resources, and Net Position$ 4,503,963
______

Summary Statement Activities
Year Ended June 30, 2016

Net (Expense) Revenue
and Changes
       Program Revenues        in Net Position  
Functions/ProgramsExpensesCharges for
Services  
Operating Grants and Contributions    Governmental Activities
Governmental Activities:
 Port development $ 3,016,877
______
$ 4,720
______
$ 2,964,524
______
$ (47,633)
General revenues:
 Miscellaneous income31,438
 Investment income15,531
Change in Net Position(644)
Net Position:
 Beginning of year   246,334
 Ending of year $ 245,670
______

MARY ANN BUCCI, 
Executive Director

[Pa.B. Doc. No. 16-1972. Filed for public inspection November 10, 2016, 9:00 a.m.]



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