See accompanying notes to financial statements. VILLAGE OF GRAFTON Ozaukee County, Wisconsin Statement of Net Position - Proprietary Funds As of December 31, 2016 Wastewater Water Utility Utility Total Assets Current Assets Cash and investments $ 3,276,163 $ 73,130 $ 3,349,293 Receivables - Taxes 32,115 50,820 82,935 Special assessments - 4,012 4,012 Utility customers 298,071 410,478 708,549 Other - 20,997 20,997 Inventory 25,933 - 25,933 Prepaid items 3,992 9,468 13,460 Total Current Assets 3,636,274 568,905 4,205,179 Noncurrent Assets Restricted asset - cash and investments 143,592 1,531,247 1,674,839 Capital Assets Land 42,533 405,939 448,472 Intangible assets 70,000 19,783 89,783 Construction in progress 2,524 2,716 5,240 Plant in service 23,318,640 31,811,221 55,129,861 Accumulated depreciation (6,940,630) (12,443,752) (19,384,382) Total Noncurrent Assets 16,636,659 21,327,154 37,963,813 Total Assets 20,272,933 21,896,059 42,168,992 Deferred Outflows of Resources Deferred outflows related to pensions 96,021 253,251 349,272 Deferred loss on refunding 51,723 18,641 70,364 Total Deferred Outflows of Resources 147,744 271,892 419,636 Liabilities Current Liabilities Accounts payable and accrued liabilities 49,922 272,766 322,688 Accrued payroll and related liabilities 8,243 16,014 24,257 Accrued interest 1,872 86,710 88,582 Compensated absences 4,885 11,349 16,234 Deposits 7,400 - 7,400 Unearned revenue 67,754 - 67,754 Current portion of general obligation notes 90,918 489,459 580,377 Liabilities payable from restricted assets Accrued interest on revenue bonds 1,307 2,132 3,439 Principal on revenue bonds 32,300 52,700 85,000 Total Current Liabilities 264,601 931,130 1,195,731 Noncurrent Liabilities Net pension liability 17,569 44,600 62,169 Compensated absences 21,288 30,376 51,664 General obligation notes 953,242 4,622,912 5,576,154 Revenue bonds 349,600 570,400 920,000 Total Noncurrent Liabilities 1,341,699 5,268,288 6,609,987 Total Liabilities 1,606,300 6,199,418 7,805,718 Deferred Inflows of Resources Deferred inflows related to pensions 36,973 93,860 130,833 Net Position Net investment in capital assets 15,118,730 14,283,131 29,401,861 Restricted Redemption 50,979 83,176 134,155 Equipment replacement - 1,092,910 1,092,910 Operations and maintenance 91,307 148,974 240,281 Unrestricted 3,516,388 266,482 3,782,870 Total Net Position $ 18,777,404 $ 15,874,673 $ 34,652,077 37