Statement of Net Position

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The Statement of Net Position presents financial information on all of the country's capital and current assets, minus the current liabilities and long-term debt. The resulting amount is stated as "net position."

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Assets 2017 2016 2015 2014 2013

Total, current and other assets

 $742,296,728 $796,911,546 $562,936,675 $565,691,341 $547,284,700
Total capital assets $902,314,881 $877,378,313 $859,297,510 $842,598,276 $840,614,525
Total assets $1,644,611,609 $1,674,289,859 $1,422,234,185 $1,408,289,617 $1,387,899

 

Net position 2017 2016 2015 2014 2013
Net investment in capital assets $691,124,532 $654,540,159 $649,693,002 $624,056,790 $624,585,832
Restricted $116,826,603 $127,814,838 $66,113,565 $93,663,238 $99,804,214
Unrestricted $22,390,867 $3,255,175 $82,008,935 $238,036,828 $221,581,884
Total net position $830,342,002 $785,610,172 $797,815,502 *$788,006,950

$945,971,930

 

 

Liabilities 2017 2016 2015 2014 2013
Total current liabilities $92,999,576 $100,001,515 $97,084,143 $116,291,713 $100,048,467
Total non-current liabilities $721,270,031 $788,678,172 $535,901,911 $336,241,048 $341,878,828
Total liabilities $814,269,607 $888,679,687 $632,986,054 $452,532,761 $441,927,295

 

*Due to required implementation of GASB 68 2014 ending net position was restated. Please see 2015 comprehensive annual financial report (PDF) for more information.

Assets and liabilities

  • Total assets increased 18.5 percent over the past five years, primarily due to the increase in current and other assets over this period.
  • Total liabilities increased 84 percent over the past five years, due largely to changes in disclosure policies related to pension liabilities (see GASB 68). 

Net investments in capital assets

  • Capital assets increased 7.3 percent over the past five years. 
  • Infrastructure and construction in-progress was the key driver of the increase in capital assets. 
  • Capital assets: The county's land, building, equipment, improvements, infrastructure and construction in process, net of accumulated depreciation.
  • Net position: The difference between assets and liabilities, of which may or may not be available for future spending.
  • Net investment in capital assets: Represents the county's investment in its capital assets less accumulated depreciation and any outstanding debt attributable to the acquisition, construction or improvement of these assets.
  • Unrestricted net position: Represents the difference between assets and liabilities not restricted for use.

 

Explore additional 2017 financial data in our Open Finance portal.