FUND BALANCE & NET POSITION
GOVERNMENT-WIDE
The Government-wide Statement of Net Position, along with the Statement of Activities, answers the question of whether the county is better or worse off as a result of the year’s activities. These statements include all assets and liabilities using the accrual basis of accounting, which is similar to a private-sector company. All revenues and expenses are taken into account, regardless of when cash is received or paid. In the Statement of Net
Position, the county reports governmental activities and its component units. All the county’s basic services are reported as governmental activities. Property taxes, other local taxes, and state and federal grants, finance most of these activities. The component units, the Loudoun County School Board (Loudoun County Public Schools) and the Economic Development Authority (EDA) are separate legal entities. Although legally separate, the county is financially accountable for the component units and provides operating and capital funding for the Loudoun County Public Schools. The county ended FY 2025 with a positive net position of $3.5 billion, a 4.8% increase over FY 2024. The largest portion of the net position reflects an investment in capital assets of $5.5 billion which increased by 6.3% over the prior year. The primary government and its component units use these capital assets to provide a variety of services to residents. Government-wide liabilities for FY 2025 totaled $5.3 billion, an increase of 4.9% over FY 2024. For primary government, this increase was primarily due to the issuance of bonds providing funding for various school, parks, public safety, and transportation projects, as well as increased liability for compensated absences.
GOVERNMENT-WIDE NET POSITION
$4,000,000,000
$3,500,000,000
$3,000,000,000
$2,500,000,000
$2,000,000,000
$1,500,000,000
$1,000,000,000
2021
2022
2023
2024
2025
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