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PENINSULA AIRPORT COMMISSION
STATEMENT OF NET POSITION
JUNE 30, 2025
The accompanying notes to the financial statements are an integral part of these statements.
10
ASSETS
Current Assets:
Cash and cash equivalents (Note 3)
1,447,740
$
Accounts receivable, net of $5,000 allowance for doubtful accounts
204,961
Accounts receivable - Federal Aviation Administration (Note 4)
211,974
Current portion of leases receivable (Note 11)
94,954
Prepaid expenses and other assets
1,493
Total Current Assets
1,961,122
Restricted Assets:
Cash and cash equivalents (Notes 3 and 6)
15,025,075
Total Restricted Assets
15,025,075
Capital Assets (Note 5):
Land
7,354,949
Construction-in-progress
5,672,210
Capital assets, net of accumulated depreciation and amortization
47,838,880
Total Capital Assets, Net
60,866,039
Leases receivable (Note 11)
278,058
Net pension asset (Note 8)
449,038
Total Assets
78,579,332
$
DEFERRED OUTFLOWS OF RESOURCES:
Pension (Note 8)
186,246
$
Healthcare OPEB Local (Note 9)
320,595
GLI OPEB VRS (Note 10)
29,256
Total Deferred Outflows of Resources
536,097
$
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