MILESBURG BOROUGH
WATER AUTHORITY SUMMARY STATEMENT OF NET POSITION DECEMBER 31, 2024
ASSETS
Current assets $ 562,653
Capital assets 2,377,548
Total Assets 2,940,201
LIABILITIES
Current liabilities 51,524
Long-term debt, net 57,985
Total Liabilities 57,985
Net Position $ 2,882,216
MILESBURG BOROUGH
WATER AUTHORITY
SUMMARY STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN NET
POSITION YEAR ENDED
DECEMBER 31, 2024
Operating Revenues $655,666
Operating Expenses (715,017)
Operating Loss (59,351)
Non-operating revenue
and (expenses), net (776)
Net Loss (60,127)
Net Position,
beginning of year 2,942,348
Net Position,
end of year 2,882.216
IPL0270265
Sep 7 2025