The Monroe County Transportation Authority has released its Statement of Net Position as of June 30, 2025, detailing its financial status. The report outlines the Authority's assets, including cash, accounts receivable, and capital assets, totaling $15,285,512, and liabilities amounting to $4,759,503. The notice also discloses the Authority's net position, operating revenues, expenses, and grants received. The financial statement shows a loss from operations of $6,152,209, with a net position of $10,526,009 as of June 30, 2025, reflecting a decrease of $345,507 from the previous year. The public can review the audited financial statements at the Authority offices in Swiftwater, PA, as mandated by Section 5612 of the Municipality Authorities Act. This financial disclosure is essential for transparency and accountability in the Authority's financial management.
Location: 134 MCTA Drive, Swiftwater, PA
Available for public inspection during business hours.*
*Warning: AI-assisted summary by NEPA Media Group LLC (ChatGPT). May contain errors. See original notice for official details.
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Original public notice (excerpt):
AUDIT NOTICE MONROE COUNTY TRANSPORTATION AUTHORITY STATEMENT OF NET POSITION June 30 2025 ASSETS Cash including cash restricted for capital projects Accounts receivable Grants receivable Inventories Prepaid expenses Capital assets net of accumulated depreciation Total Current and Capital Assets 4 406 354 41 128 832 659 151 017 206 673 9 647 681 15 285 512 LIABILITIES Accounts payable and accrued expenses Unearned revenue Total Current Liabilities 607 048 4 152 455 4 759 503 NET POSITION Invested in capital assets Restricted disposition proceeds Unrestricted Total Net Position 9 647 681 209 681 668 647 10 526 009 OPERATING REVENUES OPERATING EXPENSES 2 248 270 8 400 479 LOSS FROM OPERATIONS 6 152 209 NONOPERATING REVENUES EXPENSES Operating Grants Federal government Commonwealth of Pennsylvania Act 44 funds Monroe County Gain on disposal of equipment Interest income Total Nonoperating Revenues 1 432 578 3 125 851 229 594 22 773 6… [Source]