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Financial Analysis of the ABC Board
<br /> Net position is an indicator of the fiscal health of the ABC Board. Assets exceeded liabilities by $13,462,308 in 2023;
<br /> $12,256,768 in 2022; and $10,302,855 in 2021. The largest component of net position was the investment in capital
<br /> assets. It was 83% of the total net position for 2023, 80%for 2022, and 85%for 2021. The following is a summary of
<br /> the net position:
<br /> Condensed Statement of Net Position
<br /> $Change %Change
<br /> This Period This Period
<br /> 6/30/2023 6/30/2022 6/30/2021 Over Last Over LastPeriod Period
<br /> Assets
<br /> Current assets $ 7,777,839 $ 7,991,922 $ 7,804,067 $ (214,083) (2.68%)
<br /> Noncurrent assets 13,813,318 12,254,876 10,273,949 1,558,442 4.88%
<br /> Total Assets $21,591,157 $20,246,798 $ 18,078,016 $ 1,344,359 6.64%
<br /> Liabilities
<br /> Current liabilities $ 3,400,630 $ 2,891,667 $ 3,201,519 $ 508,963 17.60%
<br /> Noncurrent liabilities 4,728,219 5,098,363 4,573,642 (370,144) (7.26%)
<br /> Total Liabilities 8,128,849 7,990,030 7,775,161 138,819 1.74%
<br /> Net Position
<br /> Net investment in
<br /> capital assets 8,548,978 7,688,904 5,868,000 860,074 11.19%
<br /> Restricted 919,582 885,538 803,992 34,044 3.84%
<br /> Unrestricted 3,993,748 3,682,326 3,630,863 311,422 8.46%
<br /> Total Net Position 13,462,308 12,256,768 10,302,855 1,205,540 9.84%
<br /> Total Liabilities
<br /> and Net Position $21,591,157 $20,246,798 $ 18,078,016 $ 1,344,359 6.64%
<br /> Net position increased by 9.84%from 2022,compared to a 12.00%increase between 2022 and 2021.
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