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Capital Outlav Carryover <br /> Capital outlay carryover is a budget line item for the purpose of designating monies for future <br /> City projects, programs, or equipment. Capital outlay carryover designations remaining at year <br /> end equate to $204,756. The following chart illustrates these designations by City department. <br /> Capital Outlay Carryover <br /> council <br /> 8% <br /> Administration <br /> Fire 3� <br /> 24% <br /> Elections <br /> � �,� 3% <br /> �._., <br /> Park <br /> 14% <br /> �, ._ <br /> Roads&Streets <br /> 48% <br /> Statement of Net Position <br /> The Statement of Net Position illustrates the total assets and liabilities and is an indicator of the <br /> financial health of the City. This Statement, on the next page, is taken directly from the City's <br /> Audited Financial Statements and reflects a healthy financial condition as of December 31, 2018. <br /> • Total assets are the investments, cash & cash equivalents, receivables, and capital assets <br /> of the City. <br /> • Total liabilities are the financial obligations of the City including accounts payable, <br /> compensated absences, and long-term debt. <br /> • Deferred outflows and inflows of resources are consumptions or acquisitions of net assets <br /> that are applicable to future reporting periods. <br /> Page 7 of 8 <br />