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Financial Analysis of the Utilities <br />Our analysis of the Utilities begins on page 22 in the Financial Section. One of the most important questions asked about <br />uThe <br />Statement of Net Position, and the Statement of Revenues, Expenses and Changes in Net Position report information <br />ill help answer this question. These two statements report the net position of <br />the Utilities and changes in the net position. position (the difference between assets and <br />liabilities) as one way to measure financial health or financial position. <br />net position is one indicator of whether its financial health is improving or deteriorating. However, you will need to <br />consider other non-financial factors such as changes in economic conditions, population growth, zoning, and new or <br />changed government legislation. <br />Net Position. s of Net Position is presented in Table A-1. As <br />can be seen from the Table, net position increased $3,446,286 to $75,101,658 in fiscal 2021 up from $71,655,372 in fiscal <br />2020. <br />TABLE A-1 <br />Condensed Statement of Net Position <br /> <br /> <br />16 <br />88 <br />