Net Position by Component

Net Position by Component

Fiscal year ended June 30, 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012

(Dollars in thousands) Net investment in capital assets (1) $ 1,107,148 $ 1,042,673 $ 985,149 $ 956,220 $ 852,262 $ 778,867 $ 718,642 $ 695,591 $ 664,867 $ 643,008 Restricted, Nonexpendable 91,623 87,497 84,714 78,813 74,102 70,544 64,833 59,476 55,572 52,941

Restricted, Expendable Unrestricted (2) 175,937 127,614 118,626 119,410 124,703 117,977 109,664 113,948 104,880 92,661 235,307 104,279 166,899 115,542 282,765 253,728 161,623 563,307 511,298 462,958

Total Net Position $ 1,610,015 $ 1,362,063 $1,355,388 $ 1,269,985 $ 1,333,832 $ 1,221,116 $ 1,054,762 $ 1,432,322 $ 1,336,617 $ 1,251,568

Expressed as a percent of the total

Net investment in capital assets 68.8 76.6 72.7 75.3 63.9 63.8 68.1 48.5 49.7 51.4 Restricted, Nonexpendable Restricted, Expendable 5.7 6.4 6.3 6.2 5.6 5.8 6.2 4.2 4.2 4.2

10.9 9.4 8.8 9.4 9.3 9.6 10.4 8.0 7.8 7.4

Unrestricted 14.6 7.6 12.2 9.1 21.2 20.8 15.3 39.3 38.3 37.0

Total Net Position 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

Percentage increase/(decrease) from prior year % % % % % % % % % %

Net investment in capital assets 6.2 5.8 3.0 12.2 9.4 8.4 3.3 4.6 3.4 1.4 Restricted, Nonexpendable Restricted, Expendable Unrestricted

Total Net Position

4.7 3.3 7.5 6.4 5.0 8.8 9.0 7.0 5.0 6.9

37.9 7.6

125.7 (37.5) (0.7)

(4.2) 44.4 (59.1) 5.7 7.6 (3.8) 8.6 13.2 6.2

11.4 57.0 (71.3) 10.2 10.4 28.8

18.2 0.5 6.7 (4.8) 9.2 15.8 (26.4) 7.2 6.8 10.7

(1) Balances prior to FY 2014 have not been adjusted for the implementation of GASB Statement No. 65, Items Previously Reported as Assets and Liabilities. Balances prior to FY 2016 have not been adjusted for the implementation of GASB Statement No. 72, Fair Value Measurement and Application. (2) Balances prior to FY 2015 have not been adjusted for the implementation of GASB Statement No. 68, Accounting and Financial Reporting for Pensions – an amendment of GASB Statement No. 27, as amended by GASB Statement No. 71, Pension Transition for Contributions Made Subsequent to the Measurement Date – an amendment of GASB Statement No. 68. Balances prior to FY 2016 have not been adjusted for the implementation of GASB Statement No. 72, Fair Value Measurement and Application. Balances prior to FY 2018 have not been adjusted for the implementation of GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other then Pensions, as amended by GASB Statement No. 85, Omnibus 2017.