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Public Notice

Elizabethtown Industrial Development Authority

CONCISE STATEMENT FOR PUBLICATION-Cash Basis

STATEMENT OF NET POSITION-Cash Basis

December 31, 2017

ASSETS

Cash and Cash Equivalents $70,104

LIABILITIES 0

NET POSITION-Unrestricted 70,104

STATEMENT of REVENUES, EXPENSES and

CHANGE in NET POSITION-Cash Basis

Year Ended December 31, 2017

OPERATING REVENUES

Administrative Fees 9,500

Lease Rental Payments Received 2,479,593

Total Operating Revenues 2,489,093

OPERATING EXPENSES

Interest Paid on Long-Term Debt 677,385

Principal Paid on Long-Term Debt 1,802,208

Professional Services 4,350

Other Operating Expenses 505

Total Operating Expenses 2,484,448

Net Operating Income 4,645

NONOPERATING REVENUES

Interest Income 57

CHANGE in NET POSITION

NET POSITION

Beginning 65,402

Ending $70,014

The above financial statements have been prepared from the audit report setting forth the opinion of a Certified Public Accountant engaged by the Authority. Audited financial statements are available for public inspection at the Authority office during normal business hours.

#222 0718-1T

www.publicnoticepa.com

Posted 7/16/2018