PUBLIC NOTICE VERNON TOWNSHIP WATER AUTHORITY STATEMENT OF REVENUES, EXPENSES AND CHANGE IN NET ASSETS YEAR ENDED DECEMBER 31, 2012 REVENUES Charges to users, net $491,819 Interest income 688 492,507 EXPENSES Wages 64,361 Cost of water 247,522 Other operating costs 104,712 Depreciation 130,951 547,546 CHANGE IN NET ASSETS (55,039) NET ASSETS, BEGINNING 2,449,588 NET ASSETS, ENDING $2,394,549 STATEMENT OF NET ASSETS December 31, 2012 ASSETS Cash and cash equivalents $331,411 Accounts receivable 40,414 Prepaid insurance 2,645 Property, plant and equipment, net of accumulated depreciation 2,014,824 Other assets 67,119 $2,456,413 LIABILITIES AND NET ASSETS Accounts payable $48,738 Accrued payroll 5,086 Meter deposits 8,040 Net assets 2,394,549 $2,456,413 This summary financial statement is presented in accordance with the Pennsylvania Municipal Authorities Act of 1945, P.L.382. The detailed audited financial statements reported on by Certified Public Accountants are on file at the Authority's office in the Township of Vernon. 09/26/13
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