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RVCC 2019 NECHE Self-Study

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Net position<br />

Overall net position decreased by $138.56 million during the fiscal year. The decrease is primarily due<br />

to the recording of the other postemployment benefit liability as of July 1, 2017.<br />

CCSNH’s net investment in capital assets increased by $1.88 million during the fiscal year. The<br />

increase was attributable to an overall decline in net capital assets of $2.33 million netted against a<br />

decrease in capital asset related debt of $4.2 million.<br />

Lastly, CCSNH ended fiscal year 2018 with an increase in net position, after restatement of the<br />

beginning balance for GASB Statement No. 75, of $6.0 million and ended fiscal year 2017 with an<br />

increase in net position of $1.4 million.<br />

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