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a r The Statement of Net Position presents information on all the County's assets, liabilities, and 'deferred inflows/ outflows of resources. The difference is reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the County its improving or deteriorating. In the case of the County, assets and deferred outflows of resources exceeded liabilities and deferred inflows by $960.1 million at the close of the fiscal year. The largest portionof the County's net position 'reflects its investment in capital'assets, such as land, buildings, infrastructure, intangibles, machinery, and equipment, less any related outstanding debt used to acquire those assets. These capital assets amount to $733.3 million, or 76% of the County's net position. $128.6 million, or 13%, represents resources that are subject to external restrictions on how they may be used. The remaining $98.2 million is unrestricted and may be used to meet the County's ongoing obligations to citizens and creditors. t r j t'1�-°3 1rlCrease � (D�crease E�ls5ets Current and other assets $342.3 $328.5 $13.8 Capital assets 790.4 798.0 (7.6) Total Assets 1,132.7 1,126.5 6.2 Deferred Outflows of Resources 14.5 2.2 12.6 Liabilities Other liabilities 15.5 16.7 (1.2) Lang-term liabilities 156.3 108.1 48.2. Total liabilities 171.8 124.8 47.4' Deferred Inflows of Resources 15.6 15.6 Net Position Net investment'in capital assets 733.3 726.4 6.9 Restricted 18,6 116.2 12;4 Unrestricted ;98:2 161.3 3.1 Total net position ; ;' 96fJx1 $1,003.9 fA38 (Chart in millions) The decrease in unrestricted net pt�sition and increase m deferred outflows of resources, long-term liabilities; and deferred inflows of resources was mainly due to the implementation of GASB Statement No. 68 which required the County to report its proportionate share of the net pension liability!