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101 Northumberland St.
Middletown, PA 17057
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PUBLIC NOTICE

Royalton Borough Authority

Balance Sheets for year ending 9/30/2019

Current assets:

      Sewer System:

      Checking                                                                                             $38,866

      Savings                                                                                                2,134

      Certificate of Deposit                                                                             47,558

                                                                                                                 88,558

            Accounts receivable                                                                        43,790

Due from  USDA                                                                                         0   

Escrow  receivable0

Due from Middletown Borough                                                                   0

Due from Water system                                                                              0                       

                             Total current assets                                                       132,348

Property and equipment:

       Sewer system                                                                                                   $3,978,967

       Less accumulated depreciation and amortization                                  1,276,606

                   Construction in progress                                                          0  

                             Total capital assets                                                        2,702,361

Long-term portion due from

Water system                                                                                             0

Bond issue costs                                                                                        0

Restricted assets:

      Water system:

            Operations                                                                                     49,553

            PennVest                                                                                                             3,747

            Savings, operations                                                                        3,754

            Certificates of deposit                                                                     0

                             Total restricted assets                                                    57,054

            Total assets                                                                                   $2,891,763

                       

Current liabilities:

             Current maturity of long term debt                                                  39,888

             Accounts payable

             Vendors                                                                                          2,037

             Middletown Borough                                                                          22,627                    

             United Water                 

             Accrued:                                                                                           

               Wages                                                                                           103,730

               Payroll taxes/insurance                                                                  73,384

               Retirement plan                                                                            11,032

               Accrued interest expense                                                               8,358

               Total current liabilities                                                                     $ 261,056

Long term debt, less current maturity                                                            1,955,227

Due to Royalton Borough                                                                              57,054

               Total liabilities                                                                                $ 2,273,337

Net Assets:   

        Invested-Capital assets                                                                        707,246

        Unrestricted                                                                                          (88,820)

                                                                                                                              __________

        Total net assets                                                                                    618,426                                                   

                Total liabilities and net assets                                                       $ 2,891,763

Thomas Orris, Secretary

Royalton Borough Authority

#102 0108-1T

www.publicnoticepa.com

Posted 1/8/2020