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Public Notice

101 Northumberland St.
Middletown, PA 17057
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PUBLIC NOTICE

Royalton Borough Authority

Balance Sheets for year ending 9/30/2018

Current assets:

Sewer System:

Checking $29,565

Savings 1,753

Certificate of Deposit 47,558

78,876

Accounts receivable 40,326

Due from USDA 0

Escrow receivable 0

Due from Middletown Borough 0

Due from Water system 0

Total current assets 119,202

Property and equipment:

Sewer system $3,979,017

Less accumulated depreciation

and amortization 1,194,683

Construction in progress 0

Total capital assets 2,784,334

Long-term portion due from

Water system 0

Bond issue costs 0

Restricted assets:

Water system:

Operations 44,088

PennVest 3,442

Savings, operations 3,252

Certificates of deposit 0

Total restricted assets 50,782

Total assets $2,954,318

Current liabilities:

Current maturity of long

term debt 38,551

Accounts payable

Vendors 3,503

Middletown Borough 22,631

United Water

Accrued:

Wages 80,270

Payroll taxes/insurance 58,442

Retirement plan 8,675

Accrued interest expense 8,524

Total current liabilities $ 220,596

Long term debt, less current

maturity 1,995,115

Due to Royalton Borough 50,782

Total liabilities $ 2,266,493

Net Assets:

Invested-Capital assets 750,668

Unrestricted (62,843)

Total net assets 687,825

Total liabilities and net assets $ 2,954,318

Thomas Orris, Secretary

Royalton Borough Authority

#105 0109-1T

www.publicnoticepa.com

Posted 12/31/1969