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GOVERNMENT -WIDE <br />FINANCIAL STATEMENTS <br />STATEMENT OF NET POSITION <br />The Statement of Net Position presents information on all the County's assets, liabilities, and deferred inflows/ <br />outflows of resources. The difference is reported as net position. Over time, increases or decreases in net <br />position may serve as a useful indicator of whether the financial position of the County is improving or <br />deteriorating. <br />In the case of the County, assets and deferred outflows of resources exceeded liabilities and deferred inflows by <br />$978.2 million at the close of the fiscal year. The largest portion of the County's net position reflects its <br />investment in capital assets, such as land, buildings, infrastructure, intangibles, machinery, and equipment, less <br />any related outstanding debt used to acquire those assets. These capital assets amount to $739.8 million, or <br />76% of the County's net position. $132.1 million, or 14%, represents resources that are subject to external <br />restrictions on how they may be used. The remaining $106.3 million is unrestricted and may be used to meet the <br />County's ongoing obligations to citizens and creditors. <br />The decrease in deferred inflows of resources and the increases in other liabilities and deferred outflows of <br />resources was mainly due to the rise in the County's share of the net pension liability as calculated by the Florida <br />Retirement System. The increase in net investment in capital assets was a result of completed construction <br />projects and decreased outstanding debt. 1111111 <br />2016 2015 Increase <br />(Decrease) <br />Assets <br />Current and other assets <br />Capital assets <br />Total Assets <br />$361.8 <br />789.8 <br />$1,151.6 <br />$342.3 <br />790.4 <br />$1,132.7 <br />$19.5 <br />(0.6) <br />18.9 <br />Deferred Outflows of Resources <br />Liabilities <br />Other liabilities <br />Long-term liabilities <br />Total liabilities <br />47.8 14.8 <br />33.0 <br />128.5 <br />87.6 <br />216.1 <br />Deferred Inflows of Resources <br />77.6 <br />94.2 <br />171.8 <br />5.1 15.6 <br />50.9 <br />(6.6) <br />44.3 <br />(10.5) <br />Net Position <br />Net investment in capital assets 739.8 733.3 6.5 <br />Restricted 132.1 128.6 3.5 <br />Unrestricted 106.3 98.2 8.1 <br />Total net position $978.2 $960.1 $18.1 <br />(Chart in millions) <br />Views of the Indian River (left) and the Atlantic Ocean (right) along SR A1A. <br />Photo courtesy of IndianRiverByAir.com <br />