See accompanying notes to financial statements. Ozaukee County, Wisconsin Statement of Net Position As of December 31, 2016 Business- Governmental type Activities Activities Total Assets Cash and investments $ 14,818,283 $ 3,349,293 $ 18,167,576 Receivables Taxes 4,317,836 82,935 4,400,771 Delinquent personal property taxes 6,286 - 6,286 Accounts 364,645 729,546 1,094,191 Loans 38,480 - 38,480 Special assessments 133,844 4,012 137,856 Inventories - 25,933 25,933 Prepaid items 1,134,029 13,460 1,147,489 Restricted assets - cash and investments - 1,674,839 1,674,839 Capital Assets Land and construction in progress 12,899,460 453,712 13,353,172 Intangible assets 407,071 89,783 496,854 Other capital assets, net of depreciation 44,498,724 35,745,479 80,244,203 Total Assets 78,618,658 42,168,992 120,787,650 Deferred Outflows of Resources Deferred outflows related to pensions 3,215,951 349,272 3,565,223 Deferred loss on refunding 1,230,057 70,364 1,300,421 Total Deferred Outflows of Resources 4,446,008 419,636 4,865,644 Liabilities Accounts payable and accrued expenses 716,179 435,527 1,151,706 Deposits 123,818 7,400 131,218 Due from other governments 28,466 - 28,466 Unearned revenues - 67,754 67,754 Liabilities payable from restricted assets Accrued interest - 3,439 3,439 Current portion of revenue bonds - 85,000 85,000 Compensated absences - due within one year 105,648 16,234 121,882 Non-current liabilities - due within one year 2,706,036 580,377 3,286,413 Non-current liabilities - due in more than one year 30,372,966 6,609,987 36,982,953 Landfill post-closure liability 229,140 - 229,140 Total Liabilities 34,282,253 7,805,718 42,087,971 Deferred Inflows of Resources Deferred inflows related to pensions 1,208,964 130,833 1,339,797 Unearned revenue 10,009,440 - 10,009,440 Total Deferred Inflows of Resources 11,218,404 130,833 11,349,237 Net Position Net investment in capital assets 27,262,506 29,401,861 56,664,367 Restricted for: Debt service 348,201 134,155 482,356 Impact fees 394,743 - 394,743 Fire and rescue equipment 1,857,433 - 1,857,433 Revolving loans 737,913 - 737,913 Cemetery 94,665 - 94,665 Equipment replacement - 1,092,910 1,092,910 Operations and maintenance - 240,281 240,281 Unrestricted 6,868,548 3,782,870 10,651,418 Total Net Position $ 37,564,009 $ 34,652,077 $ 72,216,086 VILLAGE OF GRAFTON 27