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 (cont.) Business-type Activities Beginning Balance Additions Deletions Ending Balance Water Capital assets not being depreciated/amortized Land $ 42,533 $ - $ - $ 42,533 Intangible assets - easements 70,000 - - 70,000 Construction in progress 2,060 647,567 647,103 2,524 Total Capital Assets Not Being Depreciated/Amortized 114,593 647,567 647,103 115,057 Capital assets being depreciated Property and equipment 22,644,725 762,689 88,774 23,318,640 Total Capital Assets Being Depreciated 22,644,725 762,689 88,774 23,318,640 Total Capital Assets 22,759,318 1,410,256 735,877 23,433,697 Less: Accumulated depreciation for Property and equipment (6,528,782) (500,622) 88,774 (6,940,630) Total Accumulated Depreciation (6,528,782) (500,622) 88,774 (6,940,630) Net Capital Assets Being Depreciated 16,115,943 262,067 - 16,378,010 Net Water Capital Assets $ 16,230,536 $ 909,634 $ 647,103 $ 16,493,067 67