The Authority’s net position increased by $24.2 million during fiscal year 2019, which represented a 1.9% increase from the prior fiscal year net position. At June 30, 2019, total net position was $1.33 billion as compared to $1.30 billion the previous year. The following table reflects the Authority’s net position at June 30, 2019 and 2018: Condensed Statements of Net Position Increase 2019 Capital assets, net Investments Other current and non-current assets Total assets Deferred outflows of resources Total assets and deferred outflows of resources Bonds and VRA loans payable Other liabilities Total liabilities Deferred inflows of resources Total liabilities and deferred inflows of resources Net position: Net investment in capital assets Restricted Unrestricted Total net position Total liabilities, deferred inflows of resources and net position 936,479,234 18,228,542 374,408,638 1,329,116,414 $ 1,490,602,631 898,873,093 16,750,451 389,273,754 1,304,897,298 $ 1,473,045,051 37,606,141 1,478,091 (14,865,116) 24,219,116 $ 17,557,580 4.2 8.8 (3.8) 1.9 1.2 $ 1,052,232,442 331,201,160 100,360,614 1,483,794,216 6,808,415 $ 1,490,602,631 $ 118,124,226 41,818,261 159,942,487 1,543,730 161,486,217 2018 $ 1,024,005,472 352,313,209 90,512,701 1,466,831,382 6,213,669 $ 1,473,045,051 $ 127,803,090 38,355,722 166,158,812 1,988,941 168,147,753 (Decrease) $ 28,226,970 (21,112,049) 9,847,913 16,962,834 594,746 $ 17,557,580 $ (9,678,864) 3,462,539 (6,216,325) (445,211) (6,661,536) % Change 2.8% (6.0) 10.9 1.2 9.6 1.2 (7.6) 9.0 (3.7) (22.4) (4.0) MANAGEMENT’S DISCUSSION AND ANALY SIS FINANCIAL SECTION 17
Prince William County Service Authority | 4 County Complex Court Woodbridge, VA 22192
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