COVINGTON TOWNSHIP SEWER AUTHORITY CONDENSED STATEMENT OF NET POSITION DECEMBER 31, 2024
ASSETS
Current Assets
$1,467,486
Non-Current Assets
4,062,695
Total Assets
$5,530.181
LIABILITIES
Current liabilities
$ 69,945
Long-term liabilities
0
Total Liabilities
69 945
NET POSITION
Invested in capital assets, net of related debt
$4,062,695
Unrestricted
1,397,541
Total Net Position
$5,460,236
CONDENSED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION YEAR ENDED DECEMBER 31, 2024
Revenues
$ 918,731
Expenses
665,803
Net Income (Loss)
252,928
Net Position, beginning
5,207,308
Net Position, ending
$5,460,236
Notice is hereby given that, pursuant to the Commonwealth of Pennsylvania Municipal Authorities Act of May 2, 1945, P.L. 382 Section B, the Covington Township Sewer Authority had its books, accounts and records audited as of December 31, 2024. The above condensed Financial Statements present the financial position of the Sewer Authority at December 31, 2024 and the results of its operations for the year then ended. A copy of the Annual Audit, in its entirety, as performed by Independent Certified Public Accountants is on file at the Authority's Office.
Publication Dates
LSOM0390929