LEGAL ADVERTISEMENT
CITY OF ERIE REVITALIZATION AND IMPROVEMENT ZONE AUTHORITY
SUMMARY STATEMENT OF NET POSITION
DECEMBER 31, 2025
Current Assets $655,726
Non-Current Assets 5,925
Total Assets 661,351
Total Assets & Deferred Outflows of Resources $661,351
Current Liabilities $32,188
Non-Current Liabilities 1,500,000
Total Liabilities 1,532,188
Total Liabilities & Deferred Inflows of Resources $1,532,188
Net Position:
Unrestricted (870,837)
Total Net Position (870,837)
Total Liabilities and Deferred Inflows $ 661,351
SUMMARY STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
YEAR ENDED DECEMBER 31, 2025
Operating Revenues $0
Operating Expenses 870,950
Nonoperating Revenues (Expenses) 113
Change in Net Position (870,837)
Net Position:
Beginning of Year $0
End of Year $870,837
Complete copies of the annual audited financial statements of the Authority are available for examination at the Authority Office.
June 8 2026
LSOM0531332