Montgomery Newspapers, WEST ROCKHILL-SELLERSVILLE JOINT RECREATION AUTHORITY CONCISE STATEMENT OF NET POSITION DECEMBER 31, 2014 ASSETS: Cash $48,023 Capital assets - net of depreciation 245,323 TOTAL ASSETS $293,346 LIABILITIES AND NET POSITION Current Liabilities: Accounts payable $104 Net Position 293,242 TOTAL NET POSITION $293,346 CONCISE STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION YEAR ENDED DECEMBER 31,2014 REVENUES Operating revenues $120,950 Contributions from Township and Borough 24,600 Other revenues 3,076 TOTAL REVENUES 148,626 EXPENSES Pool operations 101,616 General and administrative 48,405 DeprecIation 17,502 TOTAL EXPENSES 167,523 CHANGE IN NET POSITION (18,897) NET POSITION - BEGINNING 312,129 NET POSITION - ENDING $293,242 NOTICE These concise financial statements are published pursuant to the appropriate provisions of the Municipal Authorities Act. A copy of the independent auditors’ report, prepared by Styer Associates, P.C., CPA’s, Souderton, Pennsylvania is on file in the Authority office. NH-July 19-1a
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