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NET POSITION <br /> St. Joseph County's total net worth (or "net position") as of December 31 , 2024, <br /> including all government activities, decreased by $9.3 million in fiscal year 2024, <br /> reaching a net position of $307.7 million. The primary reason for the decrease in net <br /> position was one-time capital expenditures for Economic Development Projects. <br /> Net Investment in Capital Assets ($289.5 <br /> million) 2020-2024 Net Position <br /> The portion invested in capital assets are 35° <br /> used to provide services to citizens. <br /> 300 <br /> Consequently, these assets are not <br /> available for future spending. 250 <br /> Co <br /> Restricted Net Position ($6.1 million) 200 <br /> The portion restricted for specific uses, To 150 <br /> such as debt service, capital projects, and 1 <br /> public safety. 100 <br /> Unrestricted Net Position ($12.1 million) 50 <br /> The portion which may be used to meet the o <br /> 2022 <br /> government's ongoing obligations to its 2020 2021 Year 2023 2024 <br /> citizens and creditors. <br /> CAPITAL ASSETS <br /> St. Joseph County's net investment in capital assets for governmental activities <br /> amounts to $289.5 million. "Capital assets" include land, buildings and related <br /> systems, improvements, machinery and equipment, park facilities, roads, highways <br /> and bridges. <br /> 4. <br /> - = _-_ -- <br /> 2024 POPULAR ANNUAL FINANCIAL REPORT 5 <br />