Page 30 - BAA CAFR 2017

BIRMINGHAM AIRPORT AUTHORITY
BIRMINGHAM AIRPORT AUTHORITY
STATEMENTS OF NET POSITION
STATEMENTS OF NET POSITION (continued)
For the years ended June 30, 2017 and 2016
For the years ended June 30, 2017 and 2016
2017 2016
2017 2016
ASSETS AND DEFERRED OUTFLOWS OF
RESOURCES
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND NET POSITION
CURRENT ASSETS
Unrestricted Assets:
CURRENT LIABILITIES
Payable From Unrestricted Assets: $ 34,430,543 $ 28,488,429
Cash and cash equivalents
981,662
Accounts payable and accrued expenses $ 1,310,978 $ 20,168,903
25,926,563
Investments
Grants receivable - 876,944
Total payable from unrestricted assets
Accounts receivable (net of allowance for 1,310,978 981,662
uncollectibles of $29,002 and $28,376
in 2017 and 2016, respectively)
Payable From Restricted Assets: 836,648 1,505,157
36,676
4,765
Construction contracts payable 292,117 747,066
Other accounts receivable
Accrued interest payable 4,786,202 4,932,351
519,720
Prepaid insurance
468,723
249,349
292,7
Current maturities of revenue bonds payable 6,930,000 64 6,590,000
Inventory
Total unrestricted assets
51,762,270
62,042,914
Total payable from restricted assets 12,008,319 12,269,417
Restricted Assets:
Passenger Facility Charges Funds: 13,319,297 13,251,079
Total current liabilities
Cash and cash equivalents 1,624,848 1,402,123
Accounts receivable
NON-CURRENT LIABILITIES 736,515 750,876
Customer Facility Charges Funds:
Compensated employee absences 529,385 510,161

Cash and cash equivalents
Revenue bonds payable, net of unamortized 15,935,402 15,375,908
bond discount
669,335
Accounts receivable 175,556,677 182,488,768
606,666
Net pension liability 23,193,736 33,918,973
Revenue Bond Reserve Funds:
28,545,636
Cash and cash equivalents
OPEB liability (Note 19) 1,706,576 1,529,538
28,827,856
Construction Bond Funds: 200,986,374 218,447,440
Total non-current liabilities
Cash and cash equivalents 433,705 625,570
591
Accrued interest receivable 214,305,671 231,698,519 770
Total liabilities
Total restricted assets 48,165,583 47,370,218

Total current assets
DEFERRED INFLOWS OF RESOURCES 110,208,497 99,132,488

Deferred inflow of resources related to pension 9,188,648 -
NON-CURRENT ASSETS
Capital assets, net of accumulated depreciation
NET POSITION 535,130,387 546,546,871
535,130,387 546,546,871

Total non-current assets
Net investment in capital assets, net of related debt 353,534,611 358,269,422
Total assets

Restricted: 645,338,884 645,679,359
For debt service 24,041,654 23,613,285
DEFERRED OUTFLOWS OF RESOURCES
Federal grants and programs 18,903,430 19,075,186
Deferred refunding 42,945,084 42,688,471
748,721
922,047
Total restricted
Deferred outflow of resources related to pension 12,441,871 16,936,480

Unrestricted 38,555,462 30,881,474
Total deferred outflows of resources 13,190,592 17,858,527
Total net position 435,035,157 431,839,367
TOTAL ASSETS AND DEFERRED OUTFLOWS
OF RESOURCES
TOTAL LIABILITIES, DEFERRED INFLOWS OF $ 658,529,476 $ 663,537,886
RESOURCES, AND NET POSITION $ 658,529,476 $ 663,537,886
See Accompanying Notes to the Financial Statements. 11
See Accompanying Notes to the Financial Statements. 12