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PENINSULA AIRPORT COMMISSION
STATEMENT OF NET POSITION
JUNE 30, 2024
The accompanying notes to the financial statements are an integral part of these statements.
10
ASSETS
Current Assets:
Cash and cash equivalents (Note 3)
2,976,032
$
Accounts receivable, net of $5,000 allowance for doubtful accounts
252,616
Accounts receivable - Federal Aviation Administration (Note 4)
406,048
Current portion of leases receivable (Note 11)
91,771
Prepaid expenses and other assets
3,881
Total Current Assets
3,730,348
Restricted Assets:
Cash and cash equivalents (Notes 3 and 6)
14,487,375
Total Restricted Assets
14,487,375
Capital Assets (Note 5):
Land
7,354,949
Construction-in-progress
3,005,255
Capital assets, net of accumulated depreciation and amortization
54,030,316
Total Capital Assets, Net
64,390,520
Leases receivable (Note 11)
365,937
Net pension asset (Note 8)
328,009
Total Assets
83,302,189
$
DEFERRED OUTFLOWS OF RESOURCES:
Pension (Note 8)
329,437
$
Healthcare OPEB Local (Note 9)
431,465
GLI OPEB VRS (Note 10)
34,654
Total Deferred Outflows of Resources
795,556
$
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