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PA Bulletin, Doc. No. 18-1727

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 depreciation608,178
  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/ProgramsExpensesCharges 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 income34,688
Change in Net Position172,173
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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