2037 Financial statement

PORT OF PITTSBURGH COMMISSION

Financial Statement

[45 Pa.B. 6658]
[Saturday, November 14, 2015]

Summary Financial Information
Derived from the Audited Financial Statements

Summary Statement of Net Position
June 30, 2015

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Assets
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	Cash and cash equivalents		$ 2,139,071
	Capital assets, net of accumulated depreciation/amortization		851,305
	Other assets		$ 1,251,642
Total Assets			$ 4,242,018
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Deferred Outflows of Resources			$ 71,282
Liabilities, Deferred Inflows of Resources and Net Position
Liabilities			$ 4,063,215
Deferred Outflow of Resources			$ 3,751
Net Position:
	Net investment in capital assets		(1,163,653)
	Restricted for port development		1,409,987
Total Net Position			246,334
Total Liabilities, Deferred Outflows of Resources and Net Position			$ 4,313,300
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	Summary Statement of Revenues, Expenses and Changes in Net Position Year Ended June 30, 2015

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		Program Revenues		Net (Expense) Revenue and Changes in Net Position
Functions/Programs	Expenses	Charges for Services	Operating Grants and Contributions	Governmental Activities
Governmental Activities:
Port development	$ 3,228,536	$ 2,527	$ 2,938,825	$ (287,184)
	______	______	______
	General revenues:
	Miscellaneous income			10,406
	Gain (loss) on sale of capital asset			(12,564)
	Investment income			4,534
	Change in Net Position			(284,808)
	Net Position:
	Beginning of year, restated			531,142
	Ending of year			$ 246,334
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MARY ANN BUCCI, 
Interim Executive Director

[Pa.B. Doc. No. 15-2037. Filed for public inspection November 13, 2015, 9:00 a.m.]