Details for MIDDLESEX TWP MUNICIPAL AUTHORITY - Ad from 2018-05-08

MIDDLESEX TOWNSHIP MUNICIPAL AUTHORITY
SUMMARY FINANCIAL INFORMATION - MODIFIED CASH BASIS
YEAR ENDED DECEMBER 31, 2017
Published in accordance with Section 8 of the Pennsylvania Municipality Authorities Act of 1945, as amended
SUMMARY STATEMENT OF NET POSITION
ASSETS
Cash and cash equivalents
Time deposits
Capital assets not being depreciated
Capital assets being depreciated (net of accumulated depreciation)
Deferred capacity costs (net of accumulated amortization)

$

2,581,574
418,229
236,576
8,796,371
4,358,746

Total assets

16,391,496

LIABILITIES
Escrow liabilities
Long-term debt

82,083
1,739,686

Total liabilities
NET POSITION

1,821,769
$ 14,569,727

SUMMARY STATEMENT OF REVENUES. EXPENSES AND CHANGES IN NET POSITION
Operating revenues
Sales of services/user charges
Interest income
Other operating revenue
Total operating revenues
Operating expenses
Cost of sales and service
Depreciation
Other operating expenses
Total operating expenses
Operating income
Non-operating revenues and (expenses), net
Capital contributions received
Change in net position
Net position - January 1, 2017
Net position - December 31, 2017

$

2,093,962
7,048
501,042
2,602,052
911,683
394,230
639,801
1,945,714
656,338
29,592
39,708
725,638
13,844,089

$ 14,569,727

Note 1: The summary financial information shown above differs from U.S. generally accepted accounting principles.
Significant differences are as follows: modified cash basis of accounting is utilized; footnote disclosures are excluded;
a cash flow statement is not presented; Management’s Discussion and Analysis is not included and classifications of
net assets are not included.
Note 2: Complete copies of the annual audited financial statements are available for examination upon request from
the Authority.

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