AUDIT NOTICE STATEMENT OF NET ASSETS 12/31/09

AUDIT NOTICE

VALLEY FORGE SEWER AUTHORITY

STATEMENT OF NET ASSETS

December 31, 2010

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS

Year Ended December 31, 2010

Operating revenues
4,981,548

Operating expenses
3,939,376

Operating income before depreciation and amortization

1,042,172

Depreciation and amortization
1,022,910

Operating income

19,262

Nonoperating revenue (expenses), net
1,936,090

Increase in net assets

1,955,352

Net assets, December 31, 2008
35,651,555

Net assets, December 31, 2009
37,606,907

Published in accordance with section 5612 of the Municipality Authority Act. The audited financial statements for the Authority are availabhle for public inspection at the Authority's office during normal business hours.

Operating revenues	4,981,548
Operating expenses	3,939,376
Operating income before depreciation and amortization	1,042,172
Depreciation and amortization	1,022,910
Operating income	19,262
Nonoperating revenue (expenses), net	1,936,090
Increase in net assets	1,955,352
Net assets, December 31, 2008	35,651,555
Net assets, December 31, 2009	37,606,907