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A summarized Statement of Net Position is as follows:<br />
30,<br />
June<br />
2018 2017 2016<br />
Assets<br />
Current $ 25,627,298 $ 22,580,348 $ 21,086,491<br />
Capital assets, net 117,002,778 119,330,044 121,715,102<br />
Other noncurrent assets 20,175,210 18,124,201 15,640,572<br />
Total assets 162,805,286 160,034,593 158,442,165<br />
Deferred outflows of resources 16,176,551 20,060,746 6,992,021<br />
Liabilities<br />
Current 11,340,440 11,968,455 11,936,559<br />
Noncurrent 198,811,673 95,421,210 85,397,470<br />
Total liabilities 210,152,113 107,389,665 97,334,029<br />
Deferred inflows of resources 42,292,467 7,609,348 4,396,230<br />
Net position<br />
Invested in capital assets, net of related debt 99,114,610 97,239,205 102,031,934<br />
Restricted nonexpendable 14,429,385 12,873,853 11,519,279<br />
Restricted expendable 3,991,013 4,041,565 4,147,691<br />
Unrestricted (190,997,751) (49,058,297) (53,994,977)<br />
Current assets<br />
Total net position $ (73,462,743) $ 65,096,326 $ 63,703,927<br />
Current assets consist of $23.07 million in cash, cash equivalents, and short-term investments, $1.75<br />
million in accounts, notes, and contracts receivable, $360 thousand due from the state of New<br />
Hampshire and $445 thousand in prepaid expenses. The $3.05 million increase in current assets was<br />
primarily attributable to a $4.47 million increase in cash, cash equivalents, and short-term investments.<br />
The increase in cash, cash equivalents, and short-term investments represents a 24% increase as<br />
compared to the prior year and was principally attributable to net cash flows from operations, investing<br />
and financing activities.<br />
In 2017, overall assets increased by $1.59 million due to an increase in the amount due from the State<br />
of New Hampshire for capital appropriations, a strong market performance in the investments, net of<br />
depreciation on capital assets in excess of additions to those capital assets.<br />
The increase in assets from 2016 to 2017 was primarily attributable to an increase in cash of $724<br />
thousand and in increase in the amounts due from the State of New Hampshire for capital<br />
appropriations of $1.2 million, in addition to an increase in investments of $2.9 million due to strong<br />
market performance, net of depreciation on capital assets in excess of additions to those capital<br />
assets.<br />
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