SEDA-COG Joint Rail Authority
Financial Statement
October 2011
Balance - September 2011
Checking/Investment (JSSB) $1,031,641.83
Money Market (M&T) $145,070.47
$1,176,712.30
Cash Receipts - October 2011
Nittany & Bald Eagle Railroad (engine house rent) $1,050.00
Juniata Valley Railroad (engine house rent) $500.00
Lycoming Valley Railroad (engine house rent) $1,300.00
North Shore Railroad (operating fees) $141,766.58
Lycoming Valley Railroad (weigh credits) $240.00
Railway Unloading Svcs. (Newberry So. Facility rent) $12,250.00
Commonwealth of PA (Section 130
- Lewistown Street Running Track) $127,000.00
FRA (TIGER II reimbursement) $319,914.45
South Williamsport Borough (easement) $10,025.00
Roaring Creek/Catawissa Valley Historical
Study Group (passenger excursion) $8,215.00
Integrated Risk Management (vehicle insurn. reimb) $1,291.60
Interest - Checking $1,235.15
Interest - CD $44.29
2011 Rents
Staiman Recycling Corp. $1,012.00
$625,844.07
Cash Disbursements - October 2011
Frank Dombroski (travel expense) $26.64
Scott Harvey (travel expense) $41.07
Tom Herman (travel expense) $47.73
Rick Jenkins (travel expense) $33.86
Don Kramer (travel expense) $58.83
Michael Krentzman (travel exp.) $79.92
Dave Park (travel expense) $38.85
Denny Reitz (travel expense) $26.09
Frank Sawicki (travel expense) $8.88
John Spychalski (travel expense) $410.43
Jerry Walls (travel expense) $212.13
*Armond Cassil RR Construction (TIGER II - Task A) $419,000.00
*The Collision Center (hail damage to Taurus) $1,291.60
Daily Item (advertising) $693.50
Delta Development Group (consulting-strategic plan) $4,941.25
*Fast Signs (Newberry South entrance sign) $718.16
Greater Susquehanna Valley Chamber (membership) $220.00
Henry Signs (JVRR Engine House sign) $570.00
*Jannotti Rail Consulting (TIGER II) $45,405.71
Jersey Shore State Bank (credit card payment ) $848.83
*John P. Conrad, PE (engineering -Loyalsock Creek
Bridge, Sooner siding relocation design) $11,824.99
*John P. Conrad, PE (engineering - TIGER II) $1,480.00
John P. Conrad, PE (engineering - NBER bridge) $780.00
KEMCO (Newberry Engine House electrical upgrades) $2,727.00
Lycoming Valley RR (capital ballast and concrete
grade crossing panels) $40,110.92
McCarthy Rail Insurance Managers
(insurance for Penn Valley Lines) $16,247.50
McQuaide Blasko (legal) $3,834.00
Nittany-Bald Eagle RR (Avis branch capital ballast) $10,334.86
PPL Electric Utilities (building) $14.80
SEDA-COG (staff services) $53,571.33
Susan Stover (meetings) $481.40
Wmspt/Lycoming Chamber of Commerce (membership) $20.00
Williamsport Sun Gazette (advertising) $336.72
Loan Payment (Newberry South) $14,373.24
Loan Payment (Reach Road property) $12,215.00
Loan Payment (PIB loan) $6,324.06
$649,349.30
BALANCES - October 2011 Checking/Investment (JSSB) $1,008,092.31
M&T Money Market $145,114.76
M&T Bank Loan payoffs ($68,408.52)
Transfer remaining balance to Checking/Investment ($76,706.24) M&T Money Market balance $0.00 ADJUSTED BALANCE - October 2011
Checking/Investment (JSSB) $1,008,092.31
Transfer from Money Market account $76,706.24
$1,084,798.55
(Note: This was the latest completed treasurer's report available from SEDA-COG Joint Rail Authority. The authority provided financial statements for every month of 2009 and 2010 and through October 2011 for the accompanying story.)