The net position is an overview of the City's assets and liabilities. The change in total net position shows how much the balance of assets and liabilities has changed in the past year. The change in net position from FY2023-24 to FY2024-25 was an increase of three percent. This indicates that the City gained more assets while also decreasing its liabilities. The goal is to ensure the City's assets always exceed the liabilities.
Net Position (in millions)
| City Assets - What we own | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Current Assets (consisting mainly of cash and amounts owed to City) | $418.4 | $423.6 | $423.2 |
| Capital assets consisting primarily of buildings, equipment and vehicles | 491.8 | 481.3 | 496.5 |
| Total City Assets | 910.2 | 904.9 | 919.7 |
| Deferred outflows of resources (future assets) | 18.1 | 19.4 | 14.9 |
| Total City Assets and Deferred Outflows | 928.3 | 924.3 | 934.6 |
| City Liabilities - What we owe | FY 2023 | FY 2024 | FY 2025 |
| Current Liabilities consisting of all amounts the City owes, except for debt | $46.0 | $46.2 | $35.4 |
| Non-current liabilities (including long-term debt and pension obligations) | 46.9 | 57.1 | 53.3 |
| Total City Liabilities | 92.9 | 103.3 | 88.7 |
| Deferred inflows of resources (future liabilities) | 10.3 | 8.4 | 10.3 |
| Total City Liabilities and Deferred Inflows | 103.2 | 111.7 | 99.0 |
| City’s Net Financial Position | $825.1 | $812.6 | $835.6 |