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Capital Out1aX 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 $276,921. The following chart illustrates these designations by City department. <br /> Capital Outlay Carryover <br /> Council qdministration <br /> Fire 4% 1% Elections <br /> 14% <br /> Zo� <br /> General Building <br /> 3% <br /> Park <br /> 11% <br /> �� <br /> t u�i� � <br /> ,' 'z�d� �� <br /> �� a <br /> �� ���� � '���4'�y ��� ���a t8 N �� i/"..i0 <br /> �, <br /> Roads&Streets <br /> - 65% <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, 2019. <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, i <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 />