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GREEN LANE-MARLBOROUGH JOINT AUTHORITY CONCISE STATEMENT OF NET POSITION DECEMBER 31, 2012
posted July 24, 2013
 

GREEN LANE-MARLBOROUGH JOINT AUTHORITY CONCISE STATEMENT OF NET POSITION DECEMBER 31, 2012

 
 
ASSETS:

               Cash                                                                           $   183,178

               Receivables                                                                        90,569

               Fixed assets – net of depreciation                                  1,635,092

               Other assets                                                                         2,962

TOTAL ASSETS                                                                          $1,911,801

 
LIABILITIES:

               Accounts payable and accrued expenses                     $     47,482

               Payroll tax liabilities and escrow deposits                            13,716

               Notes payable                                                                   651,735

TOTAL LIABILITIES                                                                     $    712,933

 

NET POSITION:

               Invested in capital assets, net of related debt                $    983,357

Contributed capital                                                                            532,647

Unrestricted                                                                                     (317,136)

TOTAL NET POSITION                                                                    1,198,868

 

TOTAL LIABILITIES AND NET POSITION                                      $ 1,911,801

 
 

CONCISE STATEMENT OF

REVENUES, EXPENSES, AND CHANGES IN NET POSITION

YEAR ENDED DECEMBER 31, 2012

 
REVENUES:

               Sewer rentals                                                               $   492,542

               Interest and other income                                                    34,008

TOTAL REVENUES                                                                      $   526,550

 
EXPENSES:

               Operating expenses                                                           471,877

               Interest and other expenses                                                  35,899

TOTAL EXPENSES                                                                           507,776

 

               Excess of Revenues Over Expenses                                       18,774

               Capital Contributions                                                              4,403

               Changes in Net Assets                                                         23,177

 

NET POSITION – BEGINNING                                                          1,175,691

NET POSITION – ENDING                                                           $  1,198,868

 
NOTICE

These concise financial statements are published pursuant to the appropriate provisions of the Municipal Authorities Act. A copy of the independent auditors’ report, prepared by Styer Associates, P.C., CPA’s, Souderton, Pennsylvania is on file in the Authority office. 

 

 

 

 

 

 

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