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Notes to the Financial Statements — The notes provide additional information that is essential to fully
<br />understanding data provided in the government -wide and fund financial statements.
<br />Government -Wide Financial Analysis
<br />The Governmental Accounting Standards Board (GASB) Statement 34 dictated the changes you see in the
<br />Bureau's financial reports, as well as in those of many other units of government.
<br />Current and other assets
<br />Capital assets
<br />Total assets
<br />Deferred outflows of resources
<br />Net pension liability
<br />Other liabilities
<br />Total liablilities
<br />Deferred inflows of resources
<br />Net assets:
<br />Net investment in capital assets
<br />Restricted for Sports Development
<br />Restricted for Tourism Development
<br />Unrestricted
<br />Net position
<br />Net Position
<br />Figure 1
<br />2017 2016
<br />$ 3,718,952 $ 3,511,645
<br />197,801 242,247
<br />$ 3,916,753 $ 3,753,892
<br />$ 363,072 $ 79,199
<br />$ 435,078
<br />$ 83,701
<br />126,456
<br />162,253
<br />$ 561,534
<br />$ 245,954
<br />2,027,849
<br />1,498,228
<br />$ 19,104
<br />$ 48,730
<br />$ 197,801
<br />$ 242,247
<br />101,391
<br />176,890
<br />1,372,146
<br />1,621,041
<br />2,027,849
<br />1,498,228
<br />$ 3,699,187
<br />$ 3,538,406
<br />As noted earlier, Net Position may serve over time as one useful indicator of a government's financial condition.
<br />The assets of the Bureau exceeded liabilities by $3,699,187 as of June 30, 2017. The Bureau's Net Position
<br />increased by $160,781 for the fiscal year ended June 30, 2017.
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