Delaware County, Indiana
Management's Discussion and Analysis
December 31, 2025
Notes to the Financial Statements - The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements can be found on pages13-56 of this report.
Other Information - In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning the County's budgets for its major funds as well as a reconciliation between the budget schedules and fund financial statements. In addition, the County's funding progress for its obligation to provide pension and other postemployment benefits to certain employees is included as supplementary information. Required supplementary information can be found on pages 57-76 of this report.
Supplemental information on the General Fund budget by department is on pages 57-59.
The combining statements referred to earlier in connection with nonmajor governmental funds are presented immediately following the required supplementary information on budgets. Combining and individual fund statements and schedules can be found pages on 77-116 of this report.
Government-Wide Financial Analysis
As noted earlier, net position may serve over time as a useful indicator of government's financial position. In the case of the County, governmental activities' assets exceeded liabilities by $101,275,463 at the close of the most recent fiscal year.
The largest portion, $60,485,938, 59.72%, represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position may be used to meet the government's ongoing obligations to citizens and creditors.
The following table reflects the condensed statement of net position:
Use the horizontal scroll area to view all columns.
| Governmental Activities | Business-Type Activities | Total | ||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | |
| Current and other assets | $111,926,766 |
$108,269,650 |
$141,818 |
$164,872 |
$112,068,584 |
$108,434,522 |
| Capital assets | 98,738,825 | 95,008,099 | - | 19,693 | 98,738,825 | 95,027,792 |
| Total assets | 210,665,591 | 203,277,749 | 141,818 | 184,565 | 210,807,409 | 203,462,314 |
| Deferred outflow of resources | 5,620,816 | 7,752,041 | - | - | 5,620,816 | 7,752,041 |
| Long-term liabilities | 75,279,702 | 83,986,417 | - | - | 75,279,702 | 83,986,417 |
| Other liabilities | 11,351,138 | 16,735,919 | 9,298 | - | 11,360,436 | 16,735,919 |
| Total liabilities | 86,630,840 | 100,722,336 | 9,298 | - | 86,640,138 | 100,722,336 |
| Deferred inflow of resources | 28,380,104 | 25,930,608 | - | - | 28,380,104 | 25,930,608 |
| Net investment in capital assets | 46,965,000 | 40,174,638 | - | 19,693 | 46,965,000 | 40,194,331 |
| Restricted net position | 60,485,938 | 44,215,443 | - | - | 60,485,938 | 44,215,443 |
| Unrestricted net position | (6,175,475) | (13,235) | 132,520 | 164,872 | (6,042,955) | 151,637 |
| Total net position | $101,275,463 |
$84,376,846 |
$132,520 |
$184,565 |
$101,407,983 |
$84,561,411 |