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VADNAIS LAKE AREA WATER MANAGEMENT ORGANIZATION <br />MANAGEMENT'S DISCUSSION AND ANALYSIS <br />DECEMBER 31, 2018 <br />Government -Wide Financial Analysis (Continued) <br />Vadnais Lake Area Water Management Organization's Summary of Net Position <br />December 31, Increase <br />2018 2017 (Decrease) <br />ASSETS <br />Current $ 1,572,820 $ 1,336,785 $ 236,035 <br />Capital, Net of Accumulated Depreciation 500,845 408,909 91,936 <br />Total Assets 2,073,665 1,745,694 327,971 <br />DEFERRED OUTFLOWS OF RESOURCES <br />Deferred Pension Resources 59,386 107,344 (47,958) <br />LIABILITIES <br />Current 970,284 941,608 28,676 <br />Noncurrent 271,547 316,951 (45,404) <br />Total Liabilities 1,241,831 1,258,559 (16,728) <br />DEFERRED INFLOWS OF RESOURCES <br />Deferred Pension Resources 81,098 50,433 30,665 <br />NET POSITION <br />Net Investment in Capital Assets 500,845 408,909 <br />Unrestricted 309,277 135,137 <br />91,936 <br />174,140 <br />Total Net Position $ 810,122 $ 544,046 $ 266,076 <br />At the end of the current fiscal year, the Organization is able to report positive balances in both <br />categories of net position. <br />(8) <br />