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Government-Wide FinancialStatements Analysis of MontgomeryCounty Statement of Net Position The Statement of Net Position provides anoverview of Montgomery County's financialposition at the end of the fiscal year. Thisstatement highlights the County's assets,deferred outflows of resources, liabilities, anddeferred inflows of resources, culminating inthe net position, which represents thedifference between these elements. Assets: e The County's total assets amount to$9,619,008,513, which include bothcurrent and non-current assets. Notablecomponents are: e Current and other assets:$3,555,432,734 o Capital assets (net):$6,063,575,779 Deferred Outflows of Resources: e Deferred outflows of resources arerecorded at $436,953,606. Liabilities: o Total liabilities stand at $6,346,547,125,which encompass:e Long-term liabilities:$5,703,952,345o Other liabilities: $642,594,780 Financial Statements:1. Statement of Net Position The Statement of Net Position for FairfaxCounty fiscal year ending June 2023, detailsthe assets and liabilities of the county. Thisstatement shows a positive debt to asset ratiofor the municipality as both current and totalassets exceed that of current and totalliabilities. For a government entity, this showsthe efficiency of the use of funds and followingof budgetary requirements. The total assets forgovernmental activities was $10,867,492,556($10.87 billion) and total assets from businesstype activities was $2,301,073,650, leavingtotal government wide assets to amount to13,168,566,206 or just over $13.1 billion. Totalliabilities from governmental activities was7,305,832,359 and total liabilities frombusiness type activities was 904,369,328. Totalgovernment wide liabilities for FY 23 was8,210,201,687. Fairfax Counties net positionfor FY 23 was 1.74 billion due to the positivedifference between assets and liabilities