PORT OF PITTSBURGH COMMISSION Financial Statement [44 Pa.B. 7807]
[Saturday, December 13, 2014]Summary Financial Information
Derived from the Audited Financial StatementsSummary 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 PositionFunctions/Programs Expenses 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.]
