In 2011, LACMA reported net assets (basically, a total of all the resources it has on its books, except the value of the art) of $300 million.[126] That year, the museum's endowment grew from $99.6 million to $106.8 million.[127] By issuing $383 million in tax-free construction bonds,[128] the museum paid for its ongoing expansion and renovation, which has yielded the new Broad Contemporary Art Museum and the Resnick Exhibition Pavilion as well as other improvements. The Los Angeles County provides around $29 million a year,[4] covering more than a third of the museum's operating expenses.[129]