Audit Report - 2013 FINANCIAL FY2013
SALINA AIRPORT AUTHORITY
STATEMENTS OF NET POSITION
As of December 31, 2013 and December 31, 2012
(continued)
LIABILITIES December 31
2013 2012
CURRENT LIABILITIES:
Accounts payable $ 124,994 $ 75,901
Accrued payroll and expenses 55,636 51,337
Accrued property tax 76,471 83,015
Accrued special assessments 8,088 12,971
Sales tax payable 618 710
Unearned rental income 80,091 41,127
Accrued interest 359,410 370,102
Current maturities of lone-term debt 991,702 962,702
Total Current Liabilities 1,697,010 1,597.865
NON-CURRENT LIABILITIES
Bonds and note payable, less current maturities 23,112,497 24,100,631
Security Deposits Returnable 11,702 -
Total Non-Current Liabilities 23,124,199 24,100,631
Total Liabilities 24,821,209 25,698,496
NET POSITION
Invested in capital assets, net of related debt 24,818,560 25,339,916
Unrestricted 409,859 1,171.551
Net Position $ 25,228,419 $ 26,511,467
The accompanying notes are an integral part of these financial statements
27