2417 Condensed statement of revenues, expenses and changes in fund net position

PHILADELPHIA REGIONAL PORT AUTHORITY

Condensed Statement of Revenues, Expenses and Changes in Fund Net Position

[44 Pa.B. 7333]
[Saturday, November 15, 2014]

June 30, 2014 and 2013

AUDITED

	Year to Date            June 30, 2014		Year to Date            June 30, 2013
Total Revenues	$	10,448,791	$	9,129,129
Total Operating Expenses	$	34,415,802	$	34,361,680
Operating Gain (Loss)	$	(23,967,011)	$	(25,232,551)
	______		______
Net Nonoperating Revenues (Expenses)	$	(2,556,788)	$	724,745
(Loss) Gain Before Capital Grants	$	(26,523,799)	$	(24,507,806)
	______		______
Capital Grants and Appropriations	$	54,129,640	$	42,636,390
	______		______
Change in Fund Net Position	$	27,605,841	$	18,128,584
	______		______
	______		______
Net Position, Beginning of Year, as  Previously Reported	$	387,522,918	$	369,791,592
Cumulative Effect of Change in  Accounting Principle	$	-	$	(397,258)
	______		______
Net Position—Beginning of Year—  Restated	$	387,522,918	$	369,394,334
	______		______
Net Position, End of Year, as Restated	$	415,128,759	$	387,522,918
	______		______
	______		______

JAMES T. McDERMOTT, Jr., 
Executive Director

[Pa.B. Doc. No. 14-2417. Filed for public inspection November 14, 2014, 9:00 a.m.]