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PENINSULA AIRPORT COMMISSION
STATEMENT OF NET POSITION
JUNE 30, 2023
The accompanying notes to the financial statements are an integral part of these statements.
10
ASSETS
Current Assets:
Cash and cash equivalents (Note 3)
3,826,774
$
Accounts receivable, net of $5,000 allowance for doubtful accounts
255,968
Accounts receivable - Federal Aviation Administration (Note 4)
418,167
Current portion of leases receivable (Note 12)
88,696
Prepaid expenses and other assets
15,062
Total Current Assets
4,604,667
Restricted Assets:
Cash and cash equivalents (Notes 3 and 6)
12,665,597
Total Restricted Assets
12,665,597
Capital Assets (Note 5):
Land
7,354,949
Construction-in-progress
1,826,068
Airfield
99,940,623
Terminal
90,805,249
Other
7,379,724
Trailer park and rental units
1,548,885
Right-of-use asset - IT subscription
128,795
208,984,293
Less accumulated depreciation and amortization
(137,833,800)
Total Capital Assets, Net
71,150,493
Leases receivable (Note 12)
452,381
Other assets - net pension asset (Note 9)
762,213
Total Assets
89,635,351
$
DEFERRED OUTFLOWS OF RESOURCES:
Pension (Note 9)
780,113
Healthcare OPEB Local (Note 10)
308,042
GLI OPEB VRS (Note 11)
60,862
Total Deferred Outflows of Resources
1,149,017
$
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