Page 33 - BAA CAFR 2017

BIRMINGHAM AIRPORT AUTHORITY
BIRMINGHAM AIRPORT AUTHORITY
STATEMENTS OF CASH FLOWS
STATEMENTS OF NET POSITION
For the years ended June 30, 2017 and 2016
For the years ended June 30, 2017 and 2016
2017 2016
2017 2016
RECONCILIATION OF OPERATING INCOME TO
ASSETS AND DEFERRED OUTFLOWS OF
NET CASH PROVIDED BY OPERATING ACTIVITIES
RESOURCES $ (2,422,540) $ (2,491,081)
Operating loss
CURRENT ASSETS
Adjustments to reconcile operating loss to
Unrestricted Assets:
net cash provided by operating activities:
Cash and cash equivalents $ 34,430,543 16,311,707
17,342,863 $ 28,488,429
Depreciation and amortization
Investments 25,926,563 20,168,903
626
Bad debt expense
26,354
Grants receivable - 876,944
Change in Assets, Deferred Outflows/Inflows of Resources,
and Liabilities:
Accounts receivable (net of allowance for
Receivables (net)
uncollectibles of $29,002 and $28,376 668,509 (365,966)
19,732
(31,911)
Other receivable
in 2017 and 2016, respectively) 836,648 1,505,157
Prepaid insurance and inventory
36,676
Other accounts receivable (94,413) 113,191
4,765
44,653
Compensated employee absences
19,224
519,720
468,723
Prepaid insurance (125,634) (1,750,388)
Accounts payable and accrued expenses
Inventory 292,764 249,349

Net pension and OPEB liability and related deferred
Total unrestricted assets
outflows/inflows of resources for pension 62,042,914 4,259,684
51,762,270
3,135,058
Restricted Assets: 20,914,323 18,658,967
Total adjustments

Passenger Facility Charges Funds:
1,402,123
1,624,848
Cash and cash equivalents $ 18,491,783 $ 16,167,886
Net cash provided by operating activities
Accounts receivable 736,515 750,876
Customer Facility Charges Funds:
Cash and cash equivalents 15,935,402 15,375,908
Accounts receivable 606,666 669,335
Revenue Bond Reserve Funds:
Cash and cash equivalents 28,827,856 28,545,636
Construction Bond Funds:
Cash and cash equivalents 433,705 625,570
Accrued interest receivable 591 770
Total restricted assets 48,165,583 47,370,218
Total current assets 110,208,497 99,132,488

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

Total deferred outflows of resources 13,190,592 17,858,527
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. 14