2260 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

[45 Pa.B. 7272]
[Saturday, December 19, 2015]

June 30, 2015 and 2014

AUDITED

	Year to Date June 30, 2015		Year to Date June 30, 2014, Restated
Total Revenues	$	11,078,058	$	10,448,791
Total Operating Expenses	$	36,551,316	$	34,500,216
Operating Gain (Loss)	$	(25,473,258)	$	(24,051,425)
	______		______
Net Nonoperating Revenues (Expenses)	$	(6,090,805)	$	(2,556,788)
(Loss) Gain Before Capital Grants	$	(31,564,063)	$	(26,608,213)
	______		______
Capital Grants and Appropriations	$	52,593,616	$	54,129,640
	______		______
Change in Fund Net Position	$	21,029,553	$	27,521,427
	______		______
	______		______
Net Position, Beginning of Year, As  Previously Reported	$	404,075,856	$	387,522,918
Cumulative Effect of Change in  Accounting Principle	$	-	$	(10,968,489)
	______		______
Net Position—Beginning of Year—  Restated	$	404,075,856	$	376,554,429
	______		______
Net Position, End of Year, as Restated	$	425,105,409	$	404,075,856
	______		______
	______		______

JAMES T. McDERMOTT, Jr., 
Executive Director

[Pa.B. Doc. No. 15-2260. Filed for public inspection December 18, 2015, 9:00 a.m.]