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PENINSULA AIRPORT COMMISSION
STATEMENT OF NET POSITION (CONTINUED)
JUNE 30, 2025
The accompanying notes to the financial statements are an integral part of these statements.
11
LIABILITIES
Current Liabilities:
Accounts payable
452,047
$
Accrued liabilities
581,414
Current portion of bonds payable (Note 7)
511,726
IT subscription liability (Note 8)
35,623
Total Current Liabilities
1,580,810
Long-Term Liabilities:
Bonds payable, less current portion (Note 7)
3,286,215
Net healthcare OPEB - (Note 9)
3,299,476
IT subscription liability (Note 8)
26,223
Net GLI OPEB - VRS (Note 10)
94,630
Total Long-Term Liabilities
6,706,544
Total Liabilities
8,287,354
$
DEFERRED INFLOWS OF RESOURCES:
Pension (Note 8)
276,747
$
Healthcare OPEB (Note 9)
1,910,013
GLI OPEB VRS (Note 10)
51,792
Leases (Note 11)
373,012
Total Deferred Inflows of Resources
2,611,564
$
NET POSITION:
Net investment in capital assets
57,006,252
$
Restricted
23,375,903
Unrestricted
(12,165,644)
Total Net Position
68,216,511
$
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