VILLAGE OF GRAFTON NOTES TO FINANCIAL STATEMENTS As of and for the Year Ended December 31, 2016 NOTE III - DETAILED NOTES ON ALL FUNDS (cont.) D. CAPITAL ASSETS Capital asset activity for the year ended December 31, 2016, was as follows: Beginning Balance Additions Deletions Ending Balance Governmental Activities Capital assets not being depreciated/amortized Land $ 14,662,073 $ - $ 1,762,613 $ 12,899,460 Intangible assets - easements 407,071 - - 407,071 Construction in progress 27,211 - 27,211 - Total Capital Assets Not Being Depreciated/Amortized 15,096,355 - 1,789,824 13,306,531 Capital assets being depreciated Buildings and improvements 23,087,677 463,181 - 23,550,858 Equipment and furnishings 6,151,157 399,958 360,136 6,190,979 Infrastucture 36,546,028 1,588,735 529,924 37,604,839 Total Capital Assets Being Depreciated 65,784,862 2,451,874 890,060 67,346,676 Total Capital Assets 80,881,217 2,451,874 2,679,884 80,653,207 Less: Accumulated depreciation for Buildings and improvements (7,101,286) (567,982) - (7,669,268) Equipment and furnishings (3,689,899) (435,507) 348,584 (3,776,822) Infrastucture (11,154,259) (777,527) 529,924 (11,401,862) Total Accumulated Depreciation (21,945,444) (1,781,016) 878,508 (22,847,952) Net Capital Assets Being Depreciated 43,839,418 670,858 11,552 44,498,724 Total Governmental Activities Capital Assets, Net of Accumulated Depreciation $ 58,935,773 $ 670,858 $ 1,801,376 $ 57,805,255 Depreciation expense was charged to functions as follows: Governmental Activities General Government $ 38,584 Public Safety 303,233 Public Works 1,307,937 Community Enrichment Services 130,518 Conservation and Development 744 Total Governmental Activities Depreciation Expense $ 1,781,016 66