Notice of Trust Termination
Advertising Trust Termination due to the death of Jean D McKenney on July 1, 2018.
Her address was 700 Bower Hill Road, Pittsburgh, PA 15243.
The purpose of this notice is to Advertise the Trust established under the Fourth Restating Amendment dated 10/19/2011 of the Revocable Trust dated 4/18/2000.
Claims against said Trust may be filed as follows and sent to:
PNC Bank, National Association
Attn:Â Sharon L Whitney, VP
300 Fifth Ave, FL 31
Pittsburgh, PA 15222
And/or:
Charles J Vater, Esq.
Tucker Arensberg PC
1500 One PPG Place
Pittsburgh, PA 15222
SPORTS & EXHIBITION AUTHORITY OF PITTSBURGH
AND ALLEGHENY COUNTY
SUMMARY FINANCIAL INFORMATION DERIVED FROM THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018
SUMMARY STATEMENT OF NET POSITION
Assets
Current assets $ 83,265,853
Noncurrent assets 921,773,652
Total assets 1,005,039,505
Deferred Outflows of Resources 50,796,638
Liabilities
Current liabilities 38,259,115
Noncurrent liabilities 656,661,793
Total Liabilities 694,920,908
Net Position
Net investment in capital assets 286,580,736
Restricted for facilities and debt service 73,014,764
Unrestricted 1,319,735
Total net position $ 360,915,235
SUMMARY STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN NET POSITION
Operating revenues $ 29,718,969
Operating expenses 64,717,965
Operating Loss (34,998,996)
Nonoperating revenues, net 25,777,774
Change in Net Position (9,221,222)
Net position, beginning of year 370,136,457
Net position, end of year $ 360,915,235
Complete copies of the annual audited financial statements for the Authority are available for examination at the offices of the Authority at 171 10th Street, 2nd Floor, Pittsburgh, PA 15222.
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