Page 29 - BAA CAFR 2017

BIRMINGHAM AIRPORT AUTHORITY
STATEMENTS OF NET POSITION
BIRMINGHAM AIRPORT AUTHORITY
For the years ended June 30, 2017 and 2016
STATEMENTS OF NET POSITION
For the years ended June 30, 2017 and 2016 2017 2016

ASSETS AND DEFERRED OUTFLOWS OF 2017 2016
RESOURCES
ASSETS AND DEFERRED OUTFLOWS OF
CURRENT ASSETS
RESOURCES
Unrestricted Assets:
CURRENT ASSETS $ 34,430,543 $ 28,488,429
Cash and cash equivalents
Unrestricted Assets: 25,926,563 20,168,903
Investments
Cash and cash equivalents $ 34,430,543 $ 28,488,429
-
876,944
Grants receivable
Investments 25,926,563 20,168,903

Accounts receivable (net of allowance for
Grants receivable - 876,944
uncollectibles of $29,002 and $28,376

Accounts receivable (net of allowance for 836,648 1,505,157

in 2017 and 2016, respectively)

uncollectibles of $29,002 and $28,376 36,676 4,765
Other accounts receivable
in 2017 and 2016, respectively) 836,648 1,505,157
Prepaid insurance
519,720
468,723
Other accounts receivable 36,676 249,349
4,765
292,764
Inventory
Prepaid insurance 62,042,914 51,762,270
519,720
468,723

Total unrestricted assets
Inventory 292,764 249,349
Restricted Assets:
Passenger Facility Charges Funds: 62,042,914 51,762,270
Total unrestricted assets
Restricted Assets: 1,624,848 1,402,123
Cash and cash equivalents
Passenger Facility Charges Funds: 736,515 750,876
Accounts receivable
Cash and cash equivalents 1,624,848 1,402,123
Customer Facility Charges Funds:
736,515
750,876
Accounts receivable 15,935,402 15,375,908
Cash and cash equivalents
Customer Facility Charges Funds: 606,666 669,335
Accounts receivable
Cash and cash equivalents 15,935,402 15,375,908
Revenue Bond Reserve Funds:
669,335
Accounts receivable 28,827,856 28,545,636
606,666
Cash and cash equivalents
Revenue Bond Reserve Funds:
Construction Bond Funds:
Cash and cash equivalents 28,827,856 28,545,636
433,705
625,570
Cash and cash equivalents
Construction Bond Funds: 591 770
Accrued interest receivable
Cash and cash equivalents 48,165,583 47,370,218
625,570
433,705

Total restricted assets
770
591
Accrued interest receivable 110,208,497 99,132,488

Total current assets
Total restricted assets 48,165,583 47,370,218

NON-CURRENT ASSETS 110,208,497 99,132,488
Total current assets

Capital assets, net of accumulated depreciation 535,130,387 546,546,871
NON-CURRENT ASSETS 535,130,387 546,546,871
Total non-current assets

Capital assets, net of accumulated depreciation 535,130,387 546,546,871
Total assets

645,338,884 645,679,359
Total non-current assets 535,130,387 546,546,871
Total assets
DEFERRED OUTFLOWS OF RESOURCES 645,338,884 645,679,359
Deferred refunding 748,721 922,047
DEFERRED OUTFLOWS OF RESOURCES 12,441,871 16,936,480
Deferred outflow of resources related to pension
Deferred refunding 748,721 922,047

Deferred outflow of resources related to pension 12,441,871 16,936,480
17,858,527
Total deferred outflows of resources
13,190,592

TOTAL ASSETS AND DEFERRED OUTFLOWS 13,190,592 17,858,527
Total deferred outflows of resources
OF RESOURCES $ 658,529,476 $ 663,537,886
TOTAL ASSETS AND DEFERRED OUTFLOWS
OF RESOURCES $ 658,529,476 $ 663,537,886
See Accompanying Notes to the Financial Statements. 11
See Accompanying Notes to the Financial Statements. 11