iii VILLAGE OF GRAFTON Comprehensive Annual Financial Report For the Fiscal Year Ended December 31, 2016 TABLE OF CONTENTS SUPPLEMENTARY INFORMATION (CONTINUED) Agency Fund Statement of Changes in Assets and Liabilities – Tax Collection Fund............ 126 Capital Assets – Governmental Operations Schedule of Changes in Capital Assets Used in the Operation of Governmental Fund by Function and Activity............................................ 127 Schedule of Capital Assets Used in the Operation of Governmental Funds by Function and Activity...................................................................... 128 STATISTICAL SECTION Statistical Section Summary .................................................................................... 129 Table 1 - Net Position by Component....................................................................... 130 Table 2 - Change in Net Position.............................................................................. 132 Table 3 - Fund Balances, Governmental Funds ....................................................... 134 Table 4 - Change in Fund Balances, Governmental Funds...................................... 136 Table 5 - General Governmental Expenditures by Function ..................................... 138 Table 6 - General Governmental Revenues by Source ............................................ 139 Table 7 - Comparative Tax Levies for All Direct and Overlapping Governments and Total Collections............................................................................................... 140 Table 8 - Property Tax Levies and Collections ......................................................... 141 Table 9 - Property Valuations – Assessed Valuations .............................................. 142 Table 10 - Assessed and Equalized Value of Taxable Property............................... 143 Table 11 - Comparative Tax Rates for All Direct and Overlapping Governments per $1,000 of Assessed Value.......................................... 144 Table 12 - Comparative Tax Rates for All Direct and Overlapping Governments per $1,000 of Equalized Value ......................................... 146 Table 13 - Ratio of Net General Obligation Debt to Equalized Value ...................... 148