You will need the Flash plugin to view this publication

Download the Flash plugin for free here. Just refresh this page after installing Flash.
Also make sure that javascript is enabled in your browser.

Alternatively, you can download this publication in PDF-format - Click here.

Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Page 17
Page 18
Page 19
Page 20
Page 21
Page 22
Page 23
Page 24
Page 25
Page 26
Page 27
Page 28
Page 29
Page 30
Page 31
Page 32
Page 33
Page 34
Page 35
Page 36
Page 37
Page 38
Page 39
Page 40
Page 41
Page 42
Page 43
Page 44
Page 45
Page 46
Page 47
Page 48
Page 49
Page 50
Page 51
Page 52
Page 53
Page 54
Page 55
Page 56
Page 57
Page 58
Page 59
Page 60
Page 61
Page 62
Page 63
Page 64
Page 65
Page 66
Page 67
Page 68
Page 69
Page 70
Page 71
Page 72
Page 73
Page 74
Page 75
Page 76
Page 77
Page 78
Page 79
Page 80
Page 81
Page 82
Page 83
Page 84
Page 85
Page 86
Page 87
Page 88
Page 89
Page 90
Page 91
Page 92
Page 93
Page 94
Page 95
Page 96
Page 97
Page 98
Page 99
Page 100
Page 101
Page 102
Page 103
Page 104
Page 105
Page 106
Page 107
Page 108
Page 109
Page 110
Page 111
Page 112
Page 113
Page 114
Page 115
Page 116
Page 117
Page 118
Page 119
Page 120
Page 121
Page 122
Page 123
Page 124
Page 125
Page 126
Page 127
Page 128
Page 129
Page 130
Page 131
Page 132
Page 133
Page 134
Page 135
Page 136
Page 137
Page 138
Page 139
Page 140
Page 141
Page 142
Page 143
Page 144
Page 145
Page 146
Page 147
Page 148
Page 149
Page 150
Page 151
Page 152
Page 153
Page 154
Page 155
Page 156
Page 157
Page 158
Page 159
Page 160
Page 161
Page 162
Page 163
Page 164
Page 165
Page 166
Page 167
Page 168
Page 169
Page 170
Page 171
Page 172
Page 173
Page 174
Page 175
Page 176
Page 177
Page 178
Page 179
Page 180
Page 181
Page 182
Page 183
2012ComprehensiveAnnualFinancialReportFortheyearendingDecember312012QualityLife.Naturally.VillageofGraftonWisconsinPreparedbytheDepartmentofAdministrativeServices COMPREHENSIVEANNUALFINANCIALREPORTFORTHEFISCALYEARENDEDDECEMBER312012ELECTEDOFFICIALSTITLENAMEVillagePresidentJamesBrunnquellVillageTrusteeDavidAntoineVillageTrusteeJamesGrantVillageTrusteeLisaHarbeckVillageTrusteeDavidLissVillageTrusteeSusanMeineckeVillageTrusteeRichardRieckAPPOINTEDOFFICIALSTITLENAMEVillageAdministratorDarrellHoflandDirectorofPublicWorksVillageEngineerDavidMurphyChiefofPoliceCharlesWentenWaterWastewaterUtilityDirectorThomasKruegerDirectorofPlanningandDevelopmentMichaelRambousekDirectorofAdministrativeServicesPaulStyduharBuildingInspectorThomasJohnsonVillageClerkKellyPoppLibraryDirectorJohnHansonParksandRecreationDirectorJohnSafstromFireChiefJohnPlacePublishedMay62013 iVILLAGEOFGRAFTONComprehensiveAnnualFinancialReportFortheFiscalYearEndedDecember312012TABLEOFCONTENTSINTRODUCTORYSECTIONLetterofTransmittal...................................................................................................................1CertificateofAchievementforExcellenceinFinancialReporting..............................................8TableofOrganization.................................................................................................................9FINANCIALSECTIONIndependentAuditorsReport..................................................................................................11ManagementsDiscussionandAnalysis..................................................................................15BASICFINANCIALSTATEMENTSGovernment-wideFinancialStatementsStatementofNetPosition.............................................................................................29StatementofActivities...................................................................................................30FundFinancialStatementsBalanceSheet-GovernmentalFunds..........................................................................32ReconciliationoftheBalanceSheetGovernmentalFundstoTheStatementofNetPosition...................................................................................34StatementofRevenuesExpendituresandChangesinFundBalancesofGovernmentalFunds.....................................................................36ReconciliationoftheStatementofRevenuesExpendituresandChangesInFundBalancesofGovernmentalFundstotheStatementofActivities..................38StatementofNetPosition-ProprietaryFunds..............................................................39StatementofRevenuesExpensesandChangesinFundNetPosition-ProprietaryFunds.......................................................................40StatementofCashFlows-ProprietaryFunds..............................................................41StatementofNetPosition-FiduciaryFunds.................................................................43IndextoNotestotheFinancialStatements..................................................................44 iiVILLAGEOFGRAFTONComprehensiveAnnualFinancialReportFortheFiscalYearEndedDecember312012TABLEOFCONTENTSNotestoFinancialStatements......................................................................................45REQUIREDSUPPLEMENTARYINFORMATIONScheduleofRevenuesExpendituresandChangesinFundBalancesBudgetandActual-GeneralFund.............................................................................89NotestoRequiredSupplementaryInformation.............................................................90CombiningandIndividualFundStatementsandSchedulesCombiningBalanceSheet-NonmajorGovernmentalFunds.......................................92CombiningStatementofRevenuesExpendituresandChangesinFundBalances-NonmajorGovernmentalFunds......................................................94BudgetaryComparisonSchedule-GeneralFund........................................................96ScheduleofRevenuesExpendituresandChangesinFundBalances-BudgetandActualDebtService.....................................................................................................100CapitalProjects................................................................................................101TaxIncrementalFinancingDistrictNo.3..........................................................102ScheduleofOperatingRevenuesandExpenses-WaterUtility.................................103ScheduleofOperatingRevenuesandExpenses-WastewaterUtility........................105ScheduleofRevenuesExpendituresandChangesinFundBalances-BudgetandActualParkandOpenSpace.....................................................................................107RevolvingLoan.................................................................................................108WoodlawnCemeteryCapital............................................................................109ParkandRecreationalFacilities......................................................................110Recreation........................................................................................................111Library..............................................................................................................112Environmental..................................................................................................113Aquatics............................................................................................................114RoomTax.........................................................................................................115ImpactFees......................................................................................................116TaxIncrementalFinancingDistrictNo.2..........................................................117TaxIncrementalFinancingDistrictNo.4..........................................................118TaxIncrementalFinancingDistrictNo.5..........................................................119Equipment........................................................................................................120WoodlawnCemeteryPerpetualCare...............................................................121 iiiVILLAGEOFGRAFTONComprehensiveAnnualFinancialReportFortheFiscalYearEndedDecember312012TABLEOFCONTENTSFIDUCIARYFUNDSStatementofChangesinAssetsandLiabilitiesAgencyFund.................................122CAPITALASSETS-GOVERNMENTALOPERATIONSScheduleofChangesinCapitalAssetsUsedintheOperationofGovernmentalFundbyFunctionandActivity.......................................................123ScheduleofCapitalAssetsUsedintheOperationofGovernmentalFundsbyFunctionandActivity................................................................................124STATISTICALSECTIONStatisticalSectionSummary.................................................................................................125Table1-NetPositionbyComponent................................................................................126Table2-ChangeinNetPosition.......................................................................................128Table3-FundBalancesGovernmentalFunds.................................................................130Table4-ChangeinFundBalancesGovernmentalFunds...............................................132Table5-GeneralGovernmentalExpendituresbyFunction..............................................134Table6-GeneralGovernmentalRevenuesbySource......................................................136Table7-ComparativeTaxLeviesforAllDirectandOverlappingGovernmentsandTotalCollections...............................................................................................138Table8-PropertyTaxLeviesandCollections...................................................................139Table9-PropertyValuationsAssessedValuations........................................................140Table10-AssessedandEqualizedValueofTaxableProperty..........................................141Table11-ComparativeTaxRatesforAllDirectandOverlappingGovernmentsper1000ofAssessedValue...................................................142Table12-ComparativeTaxRatesforAllDirectandOverlappingGovernmentsper1000ofEqualizedValue..................................................143 ivVILLAGEOFGRAFTONComprehensiveAnnualFinancialReportFortheFiscalYearEndedDecember312012TABLEOFCONTENTSTable13-RatioofNetGeneralObligationDebttoEqualizedValue...................................146Table14-RatioofOutstandingDebtbyType.....................................................................147Table15ComputationofOverlappingDebt.......................................................................148Table16RevenueBondCoverageWaterandWastewaterUtility....................................149Table17DemographicEmploymentInformation...............................................................150Table18PrincipalTaxpayersCurrentYearandNineYearsAgo......................................151Table19-PrincipalEmployersCurrentYearandNineYearsAgo......................................152Table20Demographics.....................................................................................................153Table21OperatingIndicatorsbyFunction........................................................................156Table22-PersonnelSchedule............................................................................................158EnterpriseFundsTable23-UtilityPlant..........................................................................................................162Table24-BalanceSheet.....................................................................................................164Table25-IncomeandRetainedEarningsStatement.........................................................166Table26-OperatingRevenuesandExpenses....................................................................168Table27-WaterSales........................................................................................................170Table28-WastewaterRevenues........................................................................................172Table29-WaterSoldWaterPumpedandAnnualInflowatWastewaterTreatmentPlant...........................................................................174Table30-CapitalAssetStatisticsbyFunction....................................................................176 May62013TotheCitizensoftheVillageofGraftonWisconsinTheComprehensiveAnnualFinancialReportfortheVillageofGraftonWisconsinforthefiscalyearendedDecember312012isherebysubmitted.ThisreportconsistsofmanagementsrepresentationsconcerningthefinancesoftheVillageofGrafton.Consequentlymanagementassumesfullresponsibilityforthecompletenessandreliabilityofalloftheinformationpresentedinthisreport.ToprovideareasonablebasisformakingtheserepresentationsmanagementoftheVillageofGraftonhasestablishedacomprehensiveinternalcontrolframeworkthatisdesignedbothtoprotectthegovernmentsassetsfromlosstheftormisuseandtocompilesufficientreliableinformationforthepreparationoftheVillageofGraftonsfinancialstatementsinconformitywithgenerallyacceptedaccountingprinciplesGAAP.BecausethecostofinternalcontrolsshouldnotoutweightheirbenefitstheVillageofGraftonscomprehensiveframeworkofinternalcontrolshasbeendesignedtoprovidereasonableratherthanabsoluteassurancethatthefinancialstatementswillbefreefrommaterialmisstatement.Asmanagementweassertthattothebestofourknowledgeandbeliefthisfinancialreportiscompleteandreliableinallmaterialrespects.BakerTillyVirchowKrauseLLPafirmofcertifiedpublicaccountantsandconsultantshaveauditedtheVillageofGraftonsfinancialstatements.ThegoaloftheindependentauditwastoprovidereasonableassurancethatthefinancialstatementsoftheVillageofGraftonforthefiscalyearendedDecember312012arefreeofmaterialmisstatement.Theindependentauditinvolvedexaminingonatestbasisevidencesupportingtheamountsanddisclosuresinthefinancialstatementsassessingtheaccountingprinciplesusedandsignificantestimatesmadebymanagementandevaluatingtheoverallfinancialstatementpresentation.TheindependentauditorconcludedbasedupontheauditthattherewasareasonablebasisforrenderinganunqualifiedopinionthattheVillageofGraftonsfinancialstatementsforthefiscalyearendedDecember312012arefairlypresentedinconformitywithGAAP.Theindependentauditorsreportispresentedasthefirstcomponentofthefinancialsectionofthisreport.GenerallyacceptedaccountingprinciplesrequirethatmanagementprovideanarrativeintroductionoverviewandanalysistoaccompanythebasicfinancialstatementsintheformofManagementsDiscussionandAnalysisMDA.ThisletteroftransmittalisdesignedtocomplementMDAandshouldbereadinconjunctionwithit.TheVillageofGraftonsMDAcanbefoundimmediatelyfollowingthereportoftheindependentauditors.1 ThisreportincludesallfundsoftheVillage.ItincludesallgovernmentalorganizationsandactivitiesforwhichtheVillageBoardofTrusteesisfinanciallyaccountable.TheVillageprovidesthefullrangeofmunicipalservicesnormallyassociatedwithamunicipalityincludinggeneraladministrationpoliceandfireprotectionsanitationservicestheconstructionandmaintenanceofhighwaysstreetsandrelatedinfrastructurerecreationalactivitiesculturaleventsandeconomicdevelopment.InadditiontogeneralactivitiestheVillageBoardexercisesauthorityovertheGraftonWaterandWastewaterUtilitythereforetheseactivitiesareincludedinthefinancialstatements.HowevertheGraftonandCedarburgSchoolDistrictsandtheGraftonVolunteerFireDepartmentInc.areautonomousentitiesandhavenotmettheestablishedcriteriaforinclusioninthereportingentityandaccordinglyareexcludedfromthisreport.TheGraftonVolunteerFireDepartmentbecameaVillagedepartmentonJanuary12013.COMMUNITYPROFILETheVillageislocatedinOzaukeeCountyinthesoutheasternpartofWisconsinapproximately20milesnorthofdowntownMilwaukee.TheVillageis4.53squaremilesinsizeandhasapopulationof11464.TheVillageofGraftonwasincorporatedin1896.TheVillageBoardofTrusteeswhichconsistsoftheVillagePresidentandsixTrusteesiselectedatlargeandonanon-partisanbasis.AnnualelectionsareheldinApril.Thetermsofofficeare2yearsbutareoverlappingsothattheVillageisprovidedwithacontinuityofknowledgeintheVillagebusinessandlegislativemattersTheBoardisresponsibleforenactingordinancesresolutionsandregulationsgoverningtheVillageaswellastheappointmentofmembersofvariousstatutoryandadvisoryboardsandtheVillageAdministrator.AsChiefAdministrativeOfficertheVillageAdministratorhastheresponsibilityofadministeringprogramsinaccordancewithpoliciesestablishedbytheVillageBoardandwithintheguidelinesoftheannualbudgetadoptedbytheVillageBoard.TheannualbudgetservesasthefoundationfortheVillageofGraftonsfinancialplanningandcontrol.ThedevelopmentofthebudgetiscompletedastwoseparateprojectsthedevelopmentofthegovernmentalactivitiesprogrambudgetandthedevelopmentoftheforecastbudgetfortheGraftonWaterandWastewaterUtility.AlldepartmentsoftheVillageofGraftonarerequiredtosubmitrequestsforappropriationforallgovernmentalactivitiestotheVillageAdministratoronorbeforethelastMondayinAugustofeachyear.TheVillageAdministratorusestheserequestsasthestartingpointfordevelopingaproposedbudgetforthegovernmentalactivities.TheVillageAdministratorpresentstheproposedbudgetforallgovernmentalactivitiestotheVillageBoardapproximatelythemiddleofOctoberforreview.TheVillageBoardmeetswiththeVillageAdministratorandalldepartmentheadsatabudgetworkshopshortlyafterreceivingtheproposedbudget.TheVillageBoardisrequiredtoholdapublichearingontheproposedbudgetwhichisgenerallyheldthelastWednesdayinOctober.Thegovernmentalactivities2 budgetisgenerallyadoptedatthefirstVillageBoardmeetinginNovemberatwhichtimetherequiredpropertytaxlevyisestablished.ECONOMICCONDITIONANDOUTLOOKRecentunemploymentrateshaveincreasedintheMilwaukeemetropolitanareaasthroughoutthenation.OzaukeeCountys2012unemploymentrateis5.7percentincomparisontothe2011unemploymentrateof6.0percent.HoweverthisrateremainslowerthantheWisconsinandFederalunemploymentratesof6.9and7.0percentrespectively.TheVillagestaxbasedecreasedinvaluationfrom2011to2012byapproximately76millionoranoveralldecreaseof6.4percent.Ofthe6.4percentdecreaseapproximately0.4percentrepresentedanincreaseinvaluesduetonewconstructionwithdecreaseinvalueduetodepreciationof6.9percent.In2012theVillagehad18.2millionvaluationinconstructionpermits9.9millionlessthanbuildingpermitvaluationin2011.ThedecreasecanbeattributabletotheconstructionoftheAuroraCancerCarein2011.Newresidentialconstructiontotaled2.1millionin2012adecreaseof0.1millionincomparisonto2011.Permitsforresidentialconstructionincludingsingleandmulti-familybuildingaccountedfor43percentof2012constructionvaluedat7.7million.Retailconstructionaccountedfor38percentor7millionofconstructionvaluation.Industrialandtax-exemptconstructionmadeuptheadditional19percentor3.5million.TheTaxIncrementalDistrictTIDNo.2GraftonBusinessParkwascreatedonJune31996toprovidefortheinstallationofpublicimprovementstopromoteindustrialandrelatedofficedevelopmentintheGraftonBusinessPark.WisconsinStatutesallowtheVillagetoreceivetaxincrementsuntilthenetprojectcostsarefullyrecoveredoruntiladate27yearsaftertheformationoftheDistrictwhicheveroccursfirst.Thepublicimprovementsweresubstantiallycompletedin1997andsevenindustrialorofficeprojectshavebeenconstructedwithinthedistrict.AsofJanuary12011thetaxincrementaldistrictequalizedvalueincreasebetweenthetaxincrementalbasevalueof1996andthecurrentequalizedvalueofalltaxablepropertywithinTIDNo.2is10.1million.TheVillageapprovedanamendmenttotheoriginalplanin2009toincludetheabilityofthedistricttodonatefundstoTIDNo.3DowntownRedevelopment.In2010theVillageapprovedanadditionalamendmenttoincludetheabilityofthedistricttodonatefundstoTIDNo.4SouthCommercialDistrict.TIDNo.3DowntownRedevelopmentwascreatedonMay31999toprovidefortheinfrastructureimprovementstrafficcirculationpublicparkingstreetscapeimprovementspedestrianamenitiesandway-findingimprovementsnecessarytostimulateprivatereinvestmentandredevelopmentwithinthedowntownarea.AspartofthiseffortaCommunityDevelopmentAuthorityCDAwascreatedin1999.TodatetheCDAhasbeenavolunteerorganizationinvolvedintheplanninganddevelopmentprocess.In2000fivepropertieswereacquiredattheintersectionof12thAvenueandWashingtonStreetandthestructuresrazed.Twoofthesepropertiesweresoldin2001forthedevelopmentofafullservicebankBMOHarrisBankwithadditionalnon-bankoffices.Thepropertyatthenorthwestcornerwassoldin2004fortheconstructionofa5000squarefootofficebuilding.3 Theremainingpropertiesweresoldin2005fortheconstructionoftwomixedusebuildings22000and12400squarefeetrespectively.In2004theVillageacquiredonepropertyon11thAvenuewhichwassoldfortheconstructionofa44unitcondominiumTheHeritageofGraftoncompletedin2005.TheVillagealsoacquiredthreeparcelson11thAvenueforfutureredevelopment.TheVillagealsoacquiredtwopropertiesoneonBridgeStreetandoneon13thAvenuewhichwassoldin2004fortheconstructionofa9unitcondominiumTheBridgeWater.Streetreconstructionprojectscompletedin2006inTIDNo.3includedextensionofBeechStreetfrom12thAvenuetoWisconsinAvenuereconstructionofThirteenthAvenueandstreetscapeofWisconsinAvenue.TheParamountPlaza-apublicplazaandariverwalkalongtheMilwaukeeRiverwerecompletedin2006.Aretailofficebuildingwasconstructedin2007withabrewpubandrestaurantthatopenedin2008.In2008recognizingtheneedforadditionalparkingduetothesuccessofthedowntownbusinessestheVillagepurchasedlandandconstructedadditionalparkinglots.Anadditionaltwolotswereaddedin2009.OnewasconstructedandtheotherlotwasanexistinglotpurchasedbytheVillage.In2012theHotelGraftonpropertylocatedat1312WisconsinAvenuewascompletedconsistingof20residentialapartments.Thisdevelopmentincludedtherenovationofahistoricalpropertyandisthecenterpieceoftheredevelopmentinthedistrict.AsofJanuary12012thetaxincrementaldistrictequalizedvalueincreasebetweenthetaxincrementalbasevalueof1999andthecurrentequalizedvalueofalltaxablepropertywithinTIDNo.3is26.8million.TheVillageapprovedanamendmenttotheoriginalplanin2009enablingthedistricttoreceivedonatedfundsfromTIDNo.2GraftonBusinessParkandTIDNo.5GraftonCommons.TIDNo.4SouthCommercialDistrictwascreatedonSeptember212004toprovidefortheinfrastructureimprovementstrafficcirculationpublicparkingstreetscapeimprovementspedestrianamenitiesandway-findingimprovementsnecessarytostimulateprivatereinvestmentandredevelopmentwithintheSouthCommercialDistrict.InApril2005theVillageapprovedanamendmenttothepreviousplanthatincludedadditionalpropertiesidentifiedasintegralinsolidifyingtheeconomicanddevelopmentoftheVillage.In2008anoldermallwasdemolishedandconstructionbeganonamixedcommercialandresidentialdevelopment.Thecommercialcomponentwascompletedin2009.AsofJanuary12012thetaxincrementaldistrictequalizedvalueincreasebetweenthetaxincrementalbasevalueof2004andthecurrentequalizedvalueofalltaxablepropertywithinTIDNo.4is9.91million.TheVillageapprovedanamendmenttotheoriginalplanin2010enablingthedistricttoreceivedonatedfundsfromTIDNo.2GraftonBusinessParkandTIDNo.5GraftonCommons.TIDNo.5GraftonCommonswascreatedonApril202006toprovideinfrastructureimprovementstrafficcirculationandstreetscapeimprovementsnecessarytostimulateprivateinvestmentandcommercialdevelopmentofthearea.ThelocationofGraftonCommonsisthenorthwestquadrantofInterstate43andWIS60.TheretailstoreslocatedinthedistrictincludeCostcoBestBuyKohlsDepartmentStorePetsmartPetStoreDicksSportingGoodsandMichaelsArtsandCrafts.In2009anAldiFoodStoreandSteinhafelsMattressstoreopened.AsofJanuary12012thetaxincrementaldistrictequalizedvalueincreasebetweenthetaxincrementalbasevalueof2006andthecurrentequalizedvalueofalltaxablepropertywithinTIDNo.5is36.6million.TheVillageapprovedanamendmentto4 theoriginalplanin2009enablingthedistricttodonatefundstoTIDNo.3-DowntownRedevelopmentandin2010approvedanamendmentenablingthedistricttodonatefundstoTIDNo.4SouthCommercialDistrict.TheWaterUtilitycurrentlyhassixdeepwellswithacapacityof5182000gallonsperday.The2012averagedailywaterpumpedwas1137000gallonsperdayorapproximately22percentofthetotalsupplycapacity.AWaterSystemMasterPlanstudywaslastupdatedin2001.ThereinprojectedwaterdemandspredictaneedforafuturewellontheVillageseastsideatsometimebetween2010and2020.Additionalwaterstorageof330000gallonswillalsoberequiredby2020.AnamendmenttotheMasterPlanwascompletedin2002thatincludedanevaluationofLakeMichiganwatersupplyalternatives.ThestudyindicatedthattheUtilityscurrentgroundwatersupplyisquiteadequatethroughtheyear2020planningperiod.Afurtherconclusionidentifiedthatthemostcost-effectivelakewatersupplyoptioninthefuturewouldbeconstructionofanewwatertreatmentplantwithsomelevelofregionalcooperation.Thisconclusionwasfurtherreinforcedin2012witharegionalwatersysteminvestigationstudythatwascompletedjointlywiththecitiesofCedarburgandMequon.TheUtilityswastewatertreatmentplantcurrentlydischargestotheMilwaukeeRiver.Itsdischargepermitwasrenewedin2008andwillremaineffectiveuntilDecember312013.Aconstructionupgradetothetreatmentplantwascompletedin2005andeffectivelyincreasedthetreatmentcapacityfrom1600000gallonsperdayto2500000gallonsperday.Theprojectwascompletedatacostof684000andshouldextendtheplantsservicelifeuntil2024.In2012theaveragedailyflowtothetreatmentplantwas1405000gallonsperdayor56percentofthedesignflowcapacity.Administrativelywaterandsewerratestudieswerelastcompletedin2009.SubsequentrateincreaseswereimplementedinDecember2009andwaterandsewerratesincreased16.4and19.2percentrespectively.Rateshaveremainedstableandareunchangedfrom2009.Aratestudyupdateisplannedfor2013.Graftonsratesin2010wereinthe37thpercentileof341municipalutilitydistrictsclassifiedbythePublicServiceCommissionofWisconsinasABorCutilities.TheUtilityclassificationchangedin2010fromaCtoanAB.AnABclassificationisforutilitieswithacustomerbaseinexcessof4000.Graftonhadanaveragecustomerbaseof4750in2012.MAJORINITIATIVESFORTHEYEARThedevelopmenttrendofsolidcommercialandindustrialgrowthcontinuedin2012repeatingasimilarresultofthepriortwoyears.IntheVillagesdowntowntheHotelGraftonApartmentsa20unitresidentialapartmentcomplexlocatedat131212thAvenueopened.Thispropertyincludestheredevelopmentofanhistoricalpropertyandisthecenterpieceofthedowntownredevelopmentdistrict.AtlasBBQopenedatthepropertylocatedat130412thAvenue.MillSquarelocatedat1219-1287WashingtonStreetcompletedtworesidentialunits.5 IntheGraftonBusinessParkRegalBeloitcompletedconstructionofa45200squarefootfacilitylocatedat1051CheyenneAvenue.OntheVillageseastsidetheFirstFinancialBankCentreafullservicebusinessmortgageretaillendinganddepositoryservicesopened.AuroraHealthcarecompletedconstructionofa30000squarefootCancerCareatthecurrentAuroraMedicalCenterlocatedat975PortWashingtonRoad.Meijerreceivedapprovalforasupercentertotaling191352squarefeetlocatedsouthofHomeDepotonPortWashingtonRoad.Theapprovalincludesthreeoutlotsfordevelopment.IntheVillagesSouthCommercialDistrictGoodwillStoreandDonationCenterrenovatedandopened21400squarefeetfacilitywhichwaspreviouslyunoccupied.OReillyAutoPartsopenedintheOakStreetCommonsoccupying7582squarefeetofspace.AlsoatOakStreetCommons21800squarefeetisoccupiedbyFamilyVideo.Hallmark-GoldCrownMartinizingDryCleaningandSilverNailsopenedintheHighlandRidgecommercialsite.IntheVillagesindustrialareasGauthierBiomedicalInc.completedconstructionofanewfacilitylocatedat2221WashingtonStreet.RamToolcompleteda16413squarefootadditionlocatedat1420CheyenneAvenueincreasingtheoverallsizeofthebuildingto83222squarefeet.IntermsofinstitutionaldevelopmentSaintPaulLutheranChurchandSchoolcompletedasinglestoryadditiontothegymnasiumsectionoftheschoolbuildinglocatedat701WashingtonStreet.Theproposed5076squarefeetadditionwillbringthetotalareaofthechurchandschoolto59697squarefeet.Modestresidentialdevelopmentoccurredin2012.Buildingpermitsforatotalof27residentialunits7singlefamilyand20multi-familyunitswereissued.ThefollowingcondominiumresidentialprojectwasapprovedbytheVillageBoardin2012AcondominiumplanforMillSquare2ndfloorlocatedat1219-1287WashingtonStreetforuptotworesidentialunits.FORTHEFUTURETheLumberyardSiteMasterPlanthatwascompletedin2010hasprovidedablueprintforredevelopmentopportunities-commercialandresidentialthatarecurrentlybeingexploredandexpectedtobeapprovedin2013.DevelopmentprojectsintheSouthCommercialDistrictincludethecommencementoftheresidentialphaseofHighlandRidgesouthofthenewPicknSaveStore.Inadditionitisexpectedthatthevacant3834squarefootretailspaceinCreeksidePlazawillbeleasedtoSherwinWilliamsandthevacant20520squarefootretailspaceinTwinCityPlazawillberenovatedforNAPA.6 TheownersoflandnorthofGraftonCommonswillfinalizeplansforretailorrelatedcommercialdevelopmentforconstructioninlate2013orearly2014.ThelandissandwichedbetweenPortWashingtonRoadandInterstate43.ThefollowingresidentialprojectwasapprovedbytheVillageBoardinearly2013ACertifiedSurveyMapbyInnovateLLCforfoursinglefamilylotslocatedatthenorthwestcornerofFallsRoadand16thAvenue.Ahousewasconstructedin2012ononeofthefourlots.FINANCIALMANAGEMENTBudgetarycontrols.TheobjectiveofbudgetarycontrolsistoensurecompliancewithlegalprovisionsembodiedintheannualbudgetapprovedbytheVillageBoard.ActivitiesofthegeneralfundspecialrevenuefundsdebtservicefundcapitalimprovementfundsUtilityfundandapermanentfundareincludedintheannualappropriatedbudget.Thebudgetisadoptedatthefunctionallevelofexpenditurehoweveritismonitoredbydepartmentheadsatthedepartmentallevelwithinanindividualfund.AsdemonstratedbythestatementsandschedulesincludedinthefinancialsectionofthisreporttheVillagecontinuestomeetitsresponsibilityforsoundfinancialmanagement.AWARDSANDACKNOWLEDGEMENTSOverthepastyeartheVillagereceivedthreeawards.TheVillagereceivedtheCertificateofAchievementforExcellenceinFinancialReportingforthe2011ComprehensiveAnnualFinancialReportCAFRtheawardforPopularAnnualFinancialReportingforthe2011PopularAnnualFinancialReportPAFRandtheDistinguishedBudgetPresentationAwardforthe2012ProgramBudgetfromtheGovernmentFinanceOfficersAssociation.WewishtothanktheVillagePresidentandtheVillageBoardwhoseleadershipandcontinuedsupportmadethepreparationofthisreportpossible.PreparationofthisreportwasalsomadepossiblewiththeassistanceofBakerTillyVirchowKrauseLLP.SpecialappreciationisalsogiventoAccountantMonicaSternwhosecontributionsmadethepreparationandcompletionofthisCAFRpossible.RespectfullysubmittedDarrellHoflandPaulStyduharDarrellHoflandPaulStyduharVillageAdministratorDirectorofAdministrativeServices7 TheGovernmentFinanceOfficersAssociationoftheUnitedStatesandCanadaGFOAawardedaCertificateofAchievementforExcellenceinFinancialReportingtotheVillageofGraftonforitscomprehensiveannualfinancialreportforthefiscalyearendedDecember312011.ThiswastheeleventhconsecutiveyearthattheVillageofGraftonhasachievedthisprestigiousaward.InordertobeawardedaCertificateofAchievementagovernmentmustpublishaneasilyreadableandefficientlyorganizedcomprehensiveannualfinancialreport.Thisreportmustsatisfybothgenerallyacceptedaccountingprinciplesandapplicablelegalrequirements.ACertificateofAchievementisvalidforaperiodofoneyearonly.WebelievethatourcurrentcomprehensiveannualfinancialreportcontinuestomeettheCertificateofAchievementProgramsrequirementsandwearesubmittingittoGFOAtodetermineitseligibilityforanothercertificate.8 NameTitleDarrellHoflandVillageAdministratorJohnPlaceFireChiefCharlesWentenPoliceChiefTomJohnsonBuildingInspectorDaveMurphyDirectorofPublicWorksVillageEngineerPaulStyduharAdministrativeServicesDirectorMichaelRambousekPlanningandDevelopmentDirectorJohnSafstromParksandRecreationDirectorJohnHansonLibraryDirectorCitizensofGraftonVillageBoardAdministratorDarrellHoflandLibraryBoardPoliceFireCommissionLibraryJohnHansonPublicWorksDaveMurphyAdministrativeServicesPaulStyduharInspectionTomJohnsonParksandRecreationJohnSafstromPlanningDevelopmentMichaelRambousekFireJohnPlacePoliceCharlesWentenCitizenBoardsCommissions9 INDEPENDENTAUDITORSREPORT10 BakerTillyVirchowKrauseLLP777EWisconsinAve32ndFloorMilwaukeeWI53202-5313tel4147775500fax4147775555bakertilly.comINDEPENDENTAUDITORSREPORTTotheBoardofTrusteesVillageofGraftonGraftonWisconsinReportontheFinancialStatementsWehaveauditedtheaccompanyingfinancialstatementsofthegovernmentalactivitiesthebusiness-typeactivitieseachmajorfundandtheaggregateremainingfundinformationoftheVillageofGraftonWisconsinasofandfortheyearendedDecember312012andtherelatednotestothefinancialstatementswhichcollectivelycomprisetheVillageofGraftonsbasicfinancialstatementsaslistedinthetableofcontents.ManagementsResponsibilityfortheFinancialStatementsManagementisresponsibleforthepreparationandfairpresentationofthesefinancialstatementsinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmericathisincludesthedesignimplementationandmaintenanceofinternalcontrolrelevanttothepreparationandfairpresentationoffinancialstatementsthatarefreefrommaterialmisstatementwhetherduetofraudorerror.AuditorsResponsibilityOurresponsibilityistoexpressopinionsonthesefinancialstatementsbasedonouraudit.WeconductedourauditinaccordancewithauditingstandardsgenerallyacceptedintheUnitedStatesofAmerica.Thosestandardsrequirethatweplanandperformtheaudittoobtainreasonableassuranceaboutwhetherthefinancialstatementsarefreefrommaterialmisstatement.Anauditinvolvesperformingprocedurestoobtainauditevidenceabouttheamountsanddisclosuresinthefinancialstatements.Theproceduresselecteddependontheauditorsjudgmentincludingtheassessmentoftherisksofmaterialmisstatementofthefinancialstatementswhetherduetofraudorerror.InmakingthoseriskassessmentstheauditorconsidersinternalcontrolrelevanttotheVillageofGraftonspreparationandfairpresentationofthefinancialstatementsinordertodesignauditproceduresthatareappropriateinthecircumstancesbutnotforthepurposeofexpressinganopinionontheeffectivenessoftheVillageofGraftonsinternalcontrol.Accordinglyweexpressnosuchopinion.Anauditalsoincludesevaluatingtheappropriatenessofaccountingpoliciesusedandthereasonablenessofsignificantaccountingestimatesmadebymanagementaswellasevaluatingtheoverallpresentationofthefinancialstatements.Webelievethattheauditevidencewehaveobtainedissufficientandappropriatetoprovideabasisforourauditopinions.11 TotheBoardofTrusteesVillageofGraftonOpinionsInouropinionthefinancialstatementsreferredtoabovepresentfairlyinallmaterialrespectstherespectivefinancialpositionofthegovernmentalactivitiesthebusiness-typeactivitieseachmajorfundandtheaggregateremainingfundinformationoftheVillageofGraftonWisconsinasofDecember312012andtherespectivechangesinfinancialpositionandwhereapplicablecashflowsthereoffortheyearthenendedinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica.EmphasisofMattersAsdiscussedinNoteItheVillageofGraftonadoptedtheprovisionsofGASBStatementNo.63FinancialReportingforDeferredOutflowsofResourcesDeferredInflowsofResourcesandNetPositioneffectiveJanuary12012.Ouropinionsarenotmodifiedwithrespecttothismatter.OtherMattersAccountingprinciplesgenerallyacceptedintheUnitedStatesofAmericarequirethatthemanagementsdiscussionandanalysisandthescheduleofrevenueexpenditureandchangesinfundbalancesbudgettoactual-generalfundaslistedinthetableofcontentsbepresentedtosupplementthebasicfinancialstatements.SuchinformationalthoughnotapartofthebasicfinancialstatementsisrequiredbytheGovernmentalAccountingStandardsBoardwhoconsidersittobeanessentialpartoffinancialreportingforplacingthebasicfinancialstatementsinanappropriateoperationaleconomicorhistoricalcontext.WehaveappliedcertainlimitedprocedurestotherequiredsupplementaryinformationinaccordancewithauditingstandardsgenerallyacceptedintheUnitedStatesofAmericawhichconsistedofinquiriesofmanagementaboutthemethodsofpreparingtheinformationandcomparingtheinformationforconsistencywithmanagementsresponsestoourinquiriesthebasicfinancialstatementsandotherknowledgeweobtainedduringourauditofthebasicfinancialstatements.Wedonotexpressanopinionorprovideanyassuranceontheinformationbecausethelimitedproceduresdonotprovideuswithsufficientevidencetoexpressanopinionorprovideanyassurance.12 TotheBoardofTrusteesVillageofGraftonOurauditwasconductedforthepurposeofformingopinionsonthefinancialstatementsthatcollectivelycomprisetheVillageofGraftonsbasicfinancialstatements.Thecombiningbalancesheet-nonmajorgovernmentalfundscombiningstatementofrevenuesexpendituresandchangesinfundbalances-nonmajorgovernmentalfundsbudgetarycomparisonschedulegeneralfundwaterutilityoperatingrevenuesandexpenseswastewaterutilityoperatingrevenuesandexpensesscheduleofrevenuesexpendituresandchangeinfundbalancesbudgettoactualgovernmentalfundsstatementofchangesinassetsandliabilities-agencyfundscheduleofchangesincapitalassetsusedintheoperationofgovernmentalfundbyfunctionandactivityandscheduleofcapitalassetsusedintheoperationofgovernmentalfundsbyfunctionandactivityinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmericaandwebelievethecombiningandindividualfundfinancialstatementsforthenonmajorfundsbudgetarycomparisonschedulegeneralfundwaterutilityoperatingrevenuesandexpenseswastewaterutilityoperatingrevenuesandexpensesscheduleofrevenuesexpendituresandchangeinfundbalancesbudgettoactual-nonmajorgovernmentalfundsaslistedinthetableofcontentsstatementofchangesinassetsandliabilitiesagencyfundscheduleofchangesincapitalassetsusedintheoperationofgovernmentalfundbyfunctionandactivityandscheduleofcapitalassetsusedintheoperationofgovernmentalfundsbyfunctionandactivityarepresentedforpurposesofadditionalanalysisandarenotarequiredpartofthebasicfinancialstatements.Suchinformationistheresponsibilityofmanagementandwasderivedfromandrelatesdirectlytotheunderlyingaccountingandotherrecordsusedtopreparethebasicfinancialstatements.TheinformationhasbeensubjectedtotheauditingproceduresappliedintheauditofthebasicfinancialstatementsandcertainadditionalproceduresincludingcomparingandreconcilingsuchinformationdirectlytotheunderlyingaccountingandotherrecordsusedtopreparethebasicfinancialstatementsortothebasicfinancialstatementsthemselvesandotheradditionalproceduresinaccordancewithauditingstandardsgenerallyacceptedintheUnitedStatesofAmerica.Inouropinionthecombiningbalancesheet-nonmajorgovernmentalfundscombiningstatementofrevenuesexpendituresandchangesinfundbalances-nonmajorgovernmentalfundsbudgetarycomparisonschedulegeneralfundwaterutilityoperatingrevenuesandexpenseswastewaterutilityoperatingrevenuesandexpensesscheduleofrevenuesexpendituresandchangeinfundbalancesbudgettoactualgovernmentalfundsstatementofchangesinassetsandliabilities-agencyfundscheduleofchangesincapitalassetsusedintheoperationofgovernmentalfundbyfunctionandactivityandscheduleofcapitalassetsusedintheoperationofgovernmentalfundsbyfunctionandactivityinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmericaandwebelievethecombiningandindividualfundfinancialstatementsforthenonmajorfundsbudgetarycomparisonschedulegeneralfundwaterutilityoperatingrevenuesandexpenseswastewaterutilityoperatingrevenuesandexpensesscheduleofrevenuesexpendituresandchangeinfundbalancesbudgettoactual-nonmajorgovernmentalfundsaslistedinthetableofcontentsstatementofchangesinassetsandliabilitiesagencyfundscheduleofchangesincapitalassetsusedintheoperationofgovernmentalfundbyfunctionandactivityandscheduleofcapitalassetsusedintheoperationofgovernmentalfundsbyfunctionandactivityarefairlystatedinallmaterialrespectsinrelationtothebasicfinancialstatementsasawhole.OurauditwasconductedforthepurposeofformingopinionsonthefinancialstatementsthatcollectivelycomprisetheVillageofGraftonsbasicfinancialstatements.TheIntroductorySectionandStatisticalSectionlistedintheaccompanyingtableofcontentsarepresentedforpurposesofadditionalanalysisandarenotarequiredpartofthebasicfinancialstatements.Suchinformationhasnotbeensubjectedtotheauditingproceduresappliedintheauditofthebasicfinancialstatementsandaccordinglywedonotexpressanopinionorprovideanyassuranceonit.MilwaukeeWisconsinApril22201313 MANAGEMENTSDISCUSSIONANDANALYSIS14 ManagementsDiscussionandAnalysisUnauditedAsmanagementoftheVillageofGraftonweofferreadersoftheVillageofGraftonsfinancialstatementsthisnarrativeoverviewandanalysisofthefinancialactivitiesoftheVillageofGraftonforthefiscalyearendedDecember312012.Weencouragereaderstoconsidertheinformationpresentedhereinconjunctionwithadditionalinformationthatwehavefurnishedinourletteroftransmittalwhichcanbefoundonpages1-7ofthisreport.FinancialHighlightsTheassetsoftheVillageofGraftonexceededitsliabilitiesasofDecember312012by61581893netposition.Ofthisamount8252830maybeusedtomeetthegovernmentsongoingobligationstocitizensandcreditorsunrestrictednetposition.Thetotalnetpositionincludesallinfrastructureofthegovernmentalfundsinstalledfrom1980topresent.TheVillageofGraftonstotalnetpositionincreasedbyanetamountof794505witha1601853increaseinnetinvestmentincapitalassets.AsofDecember312012theVillageofGraftonsgovernmentalfundsreportedcombinedendingfundbalancesof5429976adecreaseof998820incomparisonwiththeprioryear.Approximately76percentofthistotalor4142249isavailableforspendingatthegovernmentsdiscretioncommittedassignedandunassignedfundbalance.AsofDecember312012theassignedandunassignedfundbalanceforthegeneralfundwas2950489orapproximately35percentoftotalanticipatedgeneralfundexpendituresfor2013.TheVillageofGraftonsgovernmentalfundstotalgeneralobligationdebtdecreasedby17824874.7during2012.GeneralCorporatePurposeBondsdatedMay172012intheamountof1225000wereissuedfortherefundingofNotesissuedin2003relatedtocapitalprojectsforTaxIncrementDistrictNo.3DowntownRedevelopment.IncludedintheBondswasborrowingforstreetconstructioninTaxIncrementDistrictNo.2GraftonBusinessPark.GeneralCorporatePurposeBondsdatedMay172012intheamountof2055000wereissuedfortherefundingofGeneralObligationNotesissuedin2004forprojectsrelatedtoTIDNo.3DowntownRedevelopment.ThisborrowingincludedfundsfordeveloperincentiverelatedtoTIDNo.2.OverviewoftheFinancialStatementsThisdiscussionandanalysisisintendedtoserveasanintroductiontotheVillageofGraftonsbasicfinancialstatements.Thesebasicfinancialstatementsarecomprisedofthreecomponents1government-widefinancialstatements2fundfinancialstatementsand3notestothefinancialstatements.Thisreportalsocontainsothersupplementaryinformationinadditiontothebasicfinancialstatementsthemselves.15 Government-widefinancialstatements.Thegovernment-widefinancialstatementsaredesignedtoprovidereaderswithabroadoverviewoftheVillageofGraftonsfinancesinamannersimilartoaprivate-sectorbusiness.ThestatementofnetpositionpresentsinformationonalloftheVillageofGraftonsassetsandliabilitieswiththedifferencebetweenthetworeportedasnetposition.OvertimeincreasesordecreasesinnetpositionmayserveasausefulindicatorofwhetherthefinancialpositionoftheVillageofGraftonisimprovingordeteriorating.Thestatementofactivitiespresentsinformationshowinghowthegovernmentsnetpositionchangedduringthemostrecentfiscalyear.Allchangesinnetpositionarereportedassoonastheunderlyingeventgivingrisetothechangeoccursregardlessofthetimingofrelatedcashflows.Thusrevenuesandexpensesarereportedinthisstatementforsomeitemsthatwillonlyresultincashflowsinfuturefiscalperiodse.g.uncollectedtaxesandearnedbutunusedcompensatedabsences.Bothofthegovernment-widefinancialstatementsdistinguishfunctionsoftheVillageofGraftonthatareprincipallysupportedbytaxesandintergovernmentalrevenuesgovernmentalactivitiesfromotherfunctionsthatareintendedtorecoverallorasignificantportionoftheircoststhroughuserfeesandchargesbusiness-typeactivities.ThegovernmentalactivitiesoftheVillageofGraftonincludegeneralgovernmentpublicsafetypublicworkscommunityenrichmentservicesandconservationanddevelopment.Thebusiness-typeactivitiesoftheVillageofGraftonincludetheGraftonWaterandWastewaterUtility.Thegovernment-widefinancialstatementsincludeonlytheactivitiesoftheVillageofGrafton.ACommunityDevelopmentAuthorityCDAhasbeenestablishedandisconsideredtobeacomponentunit.HowevertherewasnofinancialactivityfortheCDAin2012.Thegovernment-widefinancialstatementscanbefoundonpages29-31ofthisreport.Fundfinancialstatements.Afundisagroupingofrelatedaccountsthatisusedtomaintaincontroloverresourcesthathavebeensegregatedforspecificactivitiesorobjectives.TheVillageofGraftonlikeotherstateandlocalgovernmentsusesfundaccountingtoensureanddemonstratecompliancewithfinance-relatedlegalrequirements.AllofthefundsoftheVillageofGraftoncanbedividedintothreecategoriesgovernmentalfundsproprietaryfundsandfiduciaryfunds.Governmentalfunds.Governmentalfundsareusedtoaccountforessentiallythesamefunctionsreportedasgovernmentalactivitiesinthegovernment-widefinancialstatements.Howeverunlikethegovernment-widefinancialstatementsgovernmentalfundfinancialstatementsfocusonnear-terminflowsandoutflowsofspendableresourcesaswellasonbalancesofspendableresourcesavailableattheendofthefiscalyear.Suchinformationmaybeusefulinevaluatingagovernmentsnear-termfinancingrequirements.16 Becausethefocusofgovernmentalfundsisnarrowerthanthatofthegovernment-widefinancialstatementsitisusefultocomparetheinformationpresentedforgovernmentalfundswithsimilarinformationpresentedforgovernmentalactivitiesinthegovernment-widefinancialstatements.Bydoingsoreadersmaybetterunderstandthelong-termimpactofthegovernmentsnear-termfinancingdecisions.Boththegovernmentalfundbalancesheetandthegovernmentalfundstatementofrevenuesexpendituresandchangesinfundbalancesprovideareconciliationtofacilitatethiscomparisonbetweengovernmentalfundsandgovernmentalactivities.TheVillageofGraftonmaintainstwentyindividualgovernmentalfunds.InformationispresentedseparatelyinthegovernmentalfundbalancesheetandinthegovernmentalfundstatementofrevenuesexpendituresandchangesinfundbalancesfortheGeneralFundtheDebtServiceFundtheCapitalProjectsFundandtheCapitalProjectsTaxIncrementDistrictNo.3TIDNo.3whichareconsideredtobemajorfunds.Datafromtheremainingsixteengovernmentalfundsarecombinedintoasingleaggregatedpresentation.Individualfunddataforeachofthesenonmajorgovernmentalfundsisprovidedintheformofcombiningstatementslaterinthisreport.Thebasicgovernmentalfundfinancialstatementscanbefoundonpages32-38ofthisreport.Proprietaryfunds.Proprietaryfundsareusedtoreportthesamefunctionspresentedasbusiness-typeactivitiesinthegovernment-widefinancialstatements.Proprietaryfundsprovidethesametypeofinformationasthegovernment-widefinancialstatementsonlyinmoredetail.TheproprietaryfundfinancialstatementsprovideseparateinformationfortheGraftonWaterFundandGraftonWastewaterFundwhichareconsideredtobemajorfundsoftheVillageofGrafton.Thebasicproprietaryfundfinancialstatementscanbefoundonpages39-42ofthisreport.Fiduciaryfunds.Fiduciaryfundsareusedtoaccountforresourcesheldforthebenefitofpartiesoutsidethegovernment.Fiduciaryfundsarenotreflectedinthegovernment-widefinancialstatementbecausetheresourcesofthosefundsarenotavailabletosupporttheVillageofGraftonsprograms.ThefiduciaryfundmaintainedbytheVillageofGraftonistheTaxCollectionFundwhichrecordsthetaxrollandtaxcollectionsforthetaxingjurisdictionswithintheVillageofGrafton.Thebasicfiduciaryfundfinancialstatementscanbefoundonpage43ofthisreport.Notestothefinancialstatements.Thenotesprovideadditionalinformationthatisessentialtoafullunderstandingofthedataprovidedinthegovernment-wideandfundfinancialstatements.Thenotestothefinancialstatementscanbefoundonpages45-87ofthisreport.17 OtherinformationThecombiningstatementsreferredtoearlierinconnectionwithnon-majorgovernmentalfundsandotherinformationrelatedtotheindividualfundscanbefoundonpages92-95ofthisreport.Government-wideFinancialAnalysisAsnotedearliernetpositionmayserveovertimeasausefulindicatorofagovernmentsfinancialposition.FortheVillageofGraftonassetsexceededliabilitiesby61581893atthecloseof2012.ThelargestportionoftheVillageofGraftonsnetpositionapproximately82percentreflectsitsnetinvestmentincapitalassetse.g.landbuildingsmachineryandequipment.TheVillageofGraftonusesthesecapitalassetstoprovideservicestocitizensconsequentlytheseassetsarenotavailableforfuturespending.AlthoughtheVillageofGraftonsnetinvestmentinitscapitalassetsisreportednetofdebtitshouldbenotedthattheresourcesneededtorepaythisdebtmustbeprovidedfromothersourcessincethecapitalassetsthemselvescannotbeusedtoliquidatetheseliabilities.AnadditionalportionoftheVillageofGraftonsnetpositionapproximately3percentrepresentsresourcesthataresubjecttoexternalrestrictionsonhowtheymaybeused.Theremainingbalanceofunrestrictednetassets8252830maybeusedtomeettheVillagesongoingobligationstocitizenscreditorsandemployees.Capitalassetsdecreasedby711766netofdepreciationorlessthan1percentin2012.In2012796760ingovernmentalassetswereadded.Howeveradditionswereoffsetbynetdisposalsof94133anddepreciationof1609553.BusinesstypecapitalassetsofVILLAGEOFGRAFTONSNETPOSITIONGovernmentalBusiness-typeActivitiesActivities201220112012201120122011Currentandotherassets1633197417076951575433456532702208630822730221Capitalassets585975795941861831310805312015328990838490620150TotalAssets74929553764955693706513936854802111994692113350371Long-termliabilitiesoutstanding3435695336162309310560233385093746255539500818Otherliabilities12346134124139226041106482431295024413062165TotalLiabilities4670308748576231370971239867525041279952562983NetassetsNetInvestmentincapitalassets229452602182862528162963276777455110822349506370Restricted96901615902691251824115061622208402740885Unrestricted431219045004443940640403968982528308540133Totalnetposition282264662791933833355427328680506158189360787388TotalsAsofDecember3118 2121754wereaddedin2012butoffsetby1101067indepreciationand911414innetdisposals.Governmentalactivities.In2012governmentalactivitiesincreasedtheVillageofGraftonsnetpositionby307128.ThekeyelementintheincreaseintheVillagesnetpositionwasanincreaseofapproximately1.1millioninnetinvestmentofcapitalassetsmainlyattributabletoareductionofdebtrelatedtothosecapitalassets.PublicWorksactivitiesaccountedforapproximately31percentofthetotal2012governmentalfundsexpenseswithintheVillageofGrafton.TotalGovernmentalActivityexpensesdecreasedby165172oronepercentfrom2011.VILLAGEOFGRAFTONSSTATEMENTOFACTIVITIESGovernmentalBusiness-typeActivitiesActivitiesTotals201220112012201120122011RevenuesProgramrevenuesChargesforservices141943011908263684140375978351035704950609Operatinggrantsandcontributions1129649115221811296491152218Capitalgrantsandcontributions4547748800781476286209476024021501025GeneralRevenuesPropertytaxes9077979889688990779798896889Othertaxes224788210180224788210180Grantscontributionsnotrestrictedtospecificprograms650295673909650295673909Investmentincome1166221600251962431627136246191652Gaininsaleofcapitalassets139582362620124162463408239872Other25755355842575535584Totalrevenues1311325013223335387151644286031698476617651938ExpensesGeneralgovernment1206024106071512060241060715Publicsafety4069235414525940692354145259Publicworks4143976405270341439764052703Communityenrichmentservices1557193159312515571931593125Conservationanddevelopment452034701307452034701307Interestandfiscalcharges1647863168838816478631688388Water1248987119142712489871191427Wastewater1864949185641818649491856418Totalexpenses1307632513241497311393630478451619026116289342Changeinnetpositionbeforetransfers369251816275758013807587945051362596Transfers270203270203270203270203--Increaseinnetposition30712825204148737711105557945051362596Netposition-beginningofyear279193382766729732868050317574956078738859424792Netposition-endofyear282264662791933833355427328680506158189360787388FortheyearendedDecember3119 Asdepictedinthechartbelowtaxesprovided71percentoftotalrevenuein2012.Paymentsinlieuoftaxesaccountforapproximately2.4percentoftherevenueclassifiedastaxes.ThispaymentismainlyassociatedwiththeAuroraMedicalCenterwhichopenedinNovember2010.Propertytaxeshavehistoricallybeenthelargestrevenuesourceforgovernmentalactivities.Business-typeactivities.Business-typeactivitiesincreasedtheVillageofGraftonsnetpositionby487377or1.5percentfromthepreviousyear.TheincreaseinnetpositionfortheGraftonWaterandWastewaterUtilityisduetoimprovementstothewastewatertreatmentfacility.Thefollowinggraphcomparesthechargesforservicestotheoperatingexpensesofeachutility.Therateofreturnofthewaterutilityfor2012was5.92percent.Theoperatingincomeofthewaterutilitywas519530whilethewastewaterutilityproducedanoperatingincomeof190111arateofreturnof1.22percent.Adjustingfordepreciationexpensecapitalgrantsandcontributionsandanincreaseinwastewaterutilitycapitalassetsthewaterandwastewaterutilitieshadanetcashinflowof425030.PropertyandOtherTaxes71ChargesforServices11OperatingGrantsandContributions9CapitalGrantsandContributions3InvestmentEarnings1GrantsContributionsNotRestrictedtoSpecificPrograms5Other02012RevenuesbySource-GovernmentalActivities20 2012OperatingRevenuesandExpendituresBusiness-typeActivitiesAsshownonthefollowingcharttherevenuesoftheGraftonWaterandWastewaterUtilityincludedcapitalgrantsandcontributionsinvestmentincomeandmiscellaneousincomeinadditiontochargesforservicesoperatingrevenues.Investmentincomeandmiscellaneousrevenuesarenotidentifiedspecificallytoanindividualprogrambuttothefundasawhole.05000001000000150000020000002500000WaterWastewaterRevenuesExpenditures21 FinancialAnalysisoftheGovernmentsFundsAsnotedearliertheVillageofGraftonusesfundaccountingtoensureanddemonstratecompliancewithfinance-relatedlegalrequirements.Governmentalfunds.ThefocusoftheVillageofGraftonsgovernmentalfundsistoprovideinformationonnear-terminflowsoutflowsandbalancesofspendableresources.SuchinformationisusefulinassessingtheVillageofGraftonsfinancingrequirements.Inparticularcommittedassignedandunassignedfundbalancesmayserveasausefulmeasureofagovernmentsnetresourcesavailableforspendingattheendofthefiscalyear.AsofDecember312012theVillageofGraftonsgovernmentalfundsreportedcombinedendingfundbalancesof5429976adecreaseof998820incomparisonwiththeprioryear.Approximately76percentor4142429isavailableforspendingatthegovernmentsdiscretioncommittedassignedandunassignedfundbalance.Theremainderofthefundbalanceisrestrictedornon-spendabletoindicatethatitisnotavailablefornewspendingbecauseithasalreadybeencommitted1topaydebtservice1294242topayforcapitalprojects219263forlongtermreceivablesfromparticipantsoftheVillageofGraftonseconomicdevelopmentrevolvingloanfund7315344togenerateincometopayfortheperpetualcareofthemunicipalcemetery843905forprepaidinsurancepremiumsdelinquenttaxesandnon-currentreceivables99584andfornon-currentportionofinterfundadvances216623..Ofthe4142249fundbalanceavailableforspendingtheuseof2950489orapproximately71percentwasallocatedtothegeneralfund.TheGeneralFundisthechiefoperatingfundoftheVillageofGrafton.AsofDecember312012thetotalfundbalanceofthegeneralfundwas3041313ofwhich2537741wasunassigned.Thisunassignedfundbalancerepresentsapproximately29percentofChargesforServices95CapitalGrantsandContributions4InvestmentIncomeMiscRevenue1RevenuesbySource-Business-typeActivities22 2012totalgeneralfundexpenditureswhiletotalgeneralfundbalancerepresentsapproximately37percentofthatsameamount.Thefundbalanceofthegeneralfundincreased349205duringfiscalyear2012.The2012annualprogrambudgetfortheVillageofGraftonsgeneralfundidentifiedtheappropriationof227224infundbalancetoreducetheimpactoftaxesleviedandtobalancethebudget.Howeveractualexpenditureswerelessthanbudgetedexpendituresbyapproximately3.1percentor264289andactualrevenuesexceededbudgetedrevenuesinthegeneralfundby296838orapproximately3.7percent.TheDebtServiceFundhasatotalfundbalanceof129424allofwhichisreservedforthepaymentofdebtservice.Thefundbalancedecreasedby182174.TheImpactFeeDebtServiceFundwascreatedtoaccountfortheaccumulationofimpactfeesdesignatedfortheretirementofdebtincurredtoconstructandimprovethefirestationlibrarypolicestationandpublicworksfacility.Thecollectionofimpactfeesin2013willbeappliedtothedebtservicerequirementandanyadditionalfundsreceivedwillbeappliedtothefundbalancetopayforfuturedebtservicerequirements.TheCapitalProjectsFundadvancedtheImpactFeeDebtServiceFund120569in2012tomeetthedebtservicerequirementsofthefund.TheCapitalProjectsFundsprovidefundingforcapitalprojectsoftheVillageofGraftonorotheruniqueexpenditureswhicharenotnormaloperatingormaintenancetypeexpendituresreportablewithinthegeneralfundorothergovernmentalfunds.ThetotalfundbalanceasofDecember312012is926990.Proprietaryfund.TheVillageofGraftonsproprietaryfundsprovidethesametypeofinformationfoundinthegovernment-widefinancialstatementsbutinmoredetail.UnrestrictednetpositionsoftheWaterandWastewaterUtilitiesattheendoftheyearamountedto3940640adecreaseof99049fromDecember312011.Thetotalgrowthintotalnetpositionwas487377.Thefinancialstatementsandastatementofcashflowsfortheproprietaryfundscanbefoundonpages3942ofthisreport.GeneralFundBudgetaryHighlightsDifferencesbetweentheoriginalbudgetandthefinalamendedbudgetwererelativelyminor.Therewerenoadditionalappropriations.Totalactualrevenuesexceededbudgetedrevenuesby296838.LicensesandPermitPublicChargesforServicespaymentsinlieuoftaxesandIntergovernmentalChargesforServicesrevenuesexceededbudgetby1169189112358989and42794.Actualexpenditureswerelessthanbudgetedexpendituresby264289.ThePublic23 SafetyPublicWorksGeneralGovernmentandConservationandDevelopmentprogramareashadfavorablevariancesof2011492567825545and11917respectively.Becauserevenuesexceedbudgetaryestimatesandexpenditureswerelessthanbudgetaryestimatestheneedtodrawuponthefundbalanceof227224wasnotrequired.ThecombinationoffavorablevariancesinrevenuesandexpendituresincreasedtheGeneralFundsfundbalanceby349205.CapitalAssetandDebtAdministrationCapitalassets.TheVillageofGraftonsinvestmentincapitalassetsforitsgovernmentalandbusinesstypeactivitiesasofDecember312012equals89908834netofaccumulateddepreciation.Thisinvestmentincapitalassetsincludeslandbuildingsimprovementsotherthanbuildingsmachineryandequipmentinfrastructureandconstructioninprogress.ThetotaldecreaseintheVillageofGraftonsnetinvestmentincapitalassetsforthecurrentfiscalyeartotaled711766netofdepreciationora0.8percentdecrease.InfrastructureforGovernmentalActivitieshada389761increaserelatedtostreetreconstructionprojects.Business-typeactivitiescapitalassetsincreaseddueto564203ofwaterutilityassetadditions1557551ofwastewateradditionsandconstructioninprogressrelatedtothewastewaterultravioletproject.ForfurtherdetailsoncapitalassetactivityrefertoNote3EoftheNotestoFinancialStatements.Long-termdebt.AttheendofthecurrentfiscalyeartheVillageofGraftonhastotalGeneralObligationdebtoutstandingof38147460entirelybackedbythefullfaithandcreditofthegovernment.TheWaterandWastewaterUtilityhas1305000ofoutstandingrevenuebondstobepaidthroughthecollectionofuserfees.GeneralCorporatePurposeBondsdatedMay172012intheamountof1225000wereissuedfortherefundingofBondsissuedin2003relatedtoprojectsforTaxIncrementDistrictNo.3DowntownRedevelopmentandfortheconstructionofastreetinTaxIncrementDistrictNo.2GraftonBusinessPark.GeneralCorporatePurposeBondsdatedMay172012intheamountof2055000wereissuedfortherefundingofBondsissuedin2004forprojectsrelatedtoTIDNo.3anddeveloperincentiverelatedtoaprojectinTIDNo.2.VillageofGraftonsCapitalAssetsGovernmentalBusiness-typeActivitiesActivitiesTotal201220112012201120122011Landincludingeasements14242038141561514629554622351470499314618386Buildingsimprovementsandequipment274943612729351346136736447844377363109772077950Infrastructure3428514033895379003428514033895379Constructioninprogress3761237612102858359994140470397606TotalCapitalAssets76059151753826554670254945606666122761700120989321LessAccumulatedDepreciation174615721596403715391744144051343285331630369171CapitalAssetsnetofDepreciation58597579594186183131080531201532899083849062015024 TheVillageofGraftonreceivedanAa2ratingfromMoodysfordebtonMay172012.Statestatuteslimittheamountofgeneralobligationdebtagovernmentalentitymayissuefivepercentofitstotalequalizedvaluation.ThecurrentdebtlimitationfortheVillageofGraftonis55921175whichexceedstheVillageofGraftonscurrentoutstandinggeneralobligationdebt.TheVillageBoardhasestablishedapolicywherebytheVillagewillnotissuedebtinexcessof85percentofthestateauthorizeddebtlimit.AsofDecember312012theVillageofGraftonsoutstandingdebtequaled68.2percentofthestateauthorizeddebtlimit.TheGraftonWaterandWastewaterUtilitygenerallywillavoiddebtbymaintainingandbuildingcashandinvestmentsforimprovementsthroughitsratestructure.Since1996theutilityhasbeenallocatingmoniestoreservedfundaccountsestablishedforavarietyoffutureinfrastructureimprovementsincludingwatermainreplacementsewercollectionsystemreplacementandnewwastewatertreatmentfacilitiesandequipment.AdditionalinformationoftheVillageofGraftonslong-termdebtcanbefoundinnote3Fonpages69-74andalsointhestatisticalsectiononpages146-149VillageofGraftonsOutstandingDebtGovernmentalBusiness-typeActivitiesActivitiesTotal201220112012201120122011Generalobligation3615818437940671198927623020643814746040242735bondsandnotesRevenuebonds--1305000137000013050001370000Total361581843794067132942763672064394524604161273525 EconomicFactorsandNextYearsBudgetsandRatesTheunemploymentrateasofDecember312012forOzaukeeCountywhichincludestheVillageofGraftonwas5.7percent.Thiscompareswithanunemploymentrateof6.9percentfortheStateofWisconsinandanationalunemploymentrateofsevenpercent.TherateofinflationfortheMilwaukeeWisconsinmetroareawas1.9percentfor2012whilethe2011equalizedtaxratefortaxescollectedfor2012operationsincreased0.64percentfrom2011.Howeverthetaxlevyincreasedby186991or2.69percent.Ofthefundbalanceinthegeneralfund412748isassignedandisavailableforspendinginthe2013budget.ItisintendedthattheuseofavailablefundbalancewilllessentherequiredtaxlevyyetmeetVillageofGraftonguidelinestomaintainaminimumunreservedfundbalanceof25percentofGeneralFundexpenses.RequestsforInformationThisfinancialreportisdesignedtoprovideageneraloverviewoftheVillageofGraftonsfinancesforallthosewithaninterestinthegovernmentsfinances.QuestionsconcerninganyoftheinformationprovidedinthisreportorrequestsforadditionalfinancialinformationshouldbeaddressedtotheFinanceDepartmentortheOfficeoftheVillageAdministrator860BadgerCircleGraftonWI53024.GeneralinformationrelatingtotheVillageofGraftonWisconsincanbefoundattheVillageswebsitehttpwww.QualityLifeGrafton.com.26 THISPAGELEFTBLANKINTENTIONALLY27 BASICFINANCIALSTATEMENTS28 OzaukeeCountyWisconsinStatementofNetPositionAsofDecember312012Business-GovernmentaltypeActivitiesActivitiesTotalAssetsCashandinvestments501521936244908639709ReceivablesTaxes9366851801049446955Delinquentpersonalpropertytaxes6448-6448Accounts203798708570912368Loans893462-893462Specialassessments23971924075263794Pledges19597-19597Duefromothergovernments28815-28815Inventories-1649516495Prepaiditems9313610926104062Restrictedassets-cashandinvestments12056912563221376891Unamortizeddebtissuancecosts34436033352377712CapitalAssetsLandandconstructioninprogress1387257955133014423909Intangibleassets40707114483421554Othercapitalassetsnetofdepreciation443179293074499275062921TotalAssets7492955337065139111994692LiabilitiesandPositionLiabilitiesAccountspayableandaccruedexpenses608950245974854924Deposits41423740048823Unearnedrevenue9365297616819426978LiabilitiespayablefromrestrictedassetsAccruedinterest-44984498Currentportionofrevenuebonds-7000070000Compensatedabsences-duewithinoneyear499381491664854Non-currentliabilities-duewithinoneyear22805261996412480167Non-currentliabilities-dueinmorethanoneyear33984678310560237090280Landfillpost-closureliability372275-372275TotalLiabilities46703087370971250412799NetPositionNetinvestmentincapitalassets229452602816296351108223RestrictedforDebtservice6351127071133422Revolvingloans731534-731534Cemetery84390-84390Parkandrecreationalfacilities4246-4246TIDpurposes21926-21926Equipmentreplacement-878639878639Operationsandmaintenance-246114246114Unrestricted443275939406408373399TotalNetPosition282264663335542761581893TotalLiabilitiesandNetPosition7492955337065139111994692VILLAGEOFGRAFTON29 OzaukeeCountyWisconsinStatementofActivitiesFortheYearEndedDecember312012ChargesOperatingCapitalforGrantsandGrantsandExpensesServicesContributionsContributionsFunctionsProgramsGovernmentalActivitiesGeneralGovernment120602423638825242195479PublicSafety40692353712983968932530PublicWorks4143976228329936019191734CommunityEnrichmentServices15571932378961286998503ConservationandDevelopment452034345519-26528Interestandfiscalcharges1647863---TotalGovernmentalActivities1307632514194301129649454774Business-typeActivitiesWaterUtility12489871727198-103900WastewaterUtility18649491956942-43728TotalBusiness-typeActivities31139363684140-147628Total1619026151035701129649602402GeneralRevenuesTaxesPropertytaxesleviedforgeneralpurposesPropertytaxesleviedfordebtservicePropertytaxesleviedforTIDdistrictsOtherGrantsandcontributionsnotrestrictedtospecificprogramsInvestmentearningsGainonsaleofcapitalassetsMiscellaneousTotalGeneralRevenuesChangeinNetPositionBeforeTransfersTransfersChangeinNetPositionNETPOSITION-BeginningofyearNETPOSITION-ENDOFYEARProgramRevenuesVILLAGEOFGRAFTON30 OzaukeeCountyWisconsinStatementofActivitiesFortheYearEndedDecember312012Business-GovernmentaltypeActivitiesActivitiesTotal748915-7489153625718-36257182787894-27878941182095-118209579987-799871647863-164786310072472-10072472-582111582111-135721135721-7178327178321007247271783293546406437879-6437879690457-6904571949643-1949643224788-224788650295-6502951166221962413624613958201243408225755-2575510109397397481014914536925757580794505270203270203-307128487377794505279193383286805060787388282264663335542761581893NetRevenuesExpensesandChangesinNetPositionVILLAGEOFGRAFTON31 VILLAGEOFGRAFTONOzaukeeCountyWisconsinBalanceSheet-GovernmentalFundsAsofDecember312012DebtGeneralServiceAssetsCashandinvestments3297138129424Restrictedcashandinvestments--ReceivablesTaxes5088229573032Delinquentpersonalpropertytaxes6448-Accounts119470-Specialassessments--Loans--Pledges-Duefromothergovernments--Duefromotherfunds8-Advancestoothergovernmentalfunds--Prepaiditems84376-TotalAssets8595669702456LiabilitiesandFundBalancesLiabilitiesAccountspayableandotheraccruedliabilities427108-Deposits40573-Deferredrevenue5086675573032Duetootherfunds--Advancesfromothergovernmentalfunds--TotalLiabilities5554356573032FundBalancesNonspendable90824-Restricted-129424Committed--Assigned412748-Unassigneddeficit2537741-TotalFundBalancesDeficit3041313129424TotalLiabilitiesandFundBalances859566970245632 VILLAGEOFGRAFTONOzaukeeCountyWisconsinBalanceSheet-GovernmentalFundsAsofDecember312012CapitalNon-MajorTotalCapitalProjectsGovernmentalGovernmentalProjectsTIDNo.3FundsFunds1694354885769306465015219--12056912056963211559502324784529366851---64482643880004989020379819071-22064823971938400000493424893462--195971959728815--28815888973--888981216623--216623--876093136198150814915994321986170932181697760349469485877850--41423678976995023269663210030338-8889738888981--2166232166236815231891599296273211663242216623-8760316207--842096971520--5034695034691083362-50791501189-40000015021375911299985400000135925454299761981508149159943219861709321833 VILLAGEOFGRAFTONOzaukeeCountyWisconsinReconciliationoftheBalanceSheet-GovernmentalFundstotheStatementofNetPositionAsofDecember312012Totalfundbalanceofgovernmentalfunds5429976AmountsreportedforgovernmentalactivitiesinthestatementofnetpositionaredifferentbecauseAssetsareDifferentBecauseCapitalassetsusedingovernmentalfundsarenotfinancialresourcesandthereforearenotreportedinthefunds.Landandconstructioninprogress13872579Intangibleassets407071Othercapitalassetsnetofaccumulateddepreciation44317929Otherlong-termassetsarenotavailabletopayforcurrent-periodexpendituresandthereforearedeferredinthefunds.Pledgesreceivable19597Specialassessmentsreceivable217654Loansreceivable400000Duefromothergovernments13815Otherreceivables13975Debtissuancecostsarerecordedasexpendituresinthefundsduringtheyearinwhichtheyareincurredbutdeferredandamortizedoverthelifeoftheassociateddebtissueinthestatementofnetposition.Unamortizeddebtissuancecosts344360Debtissuancepremiumsanddiscountsandgainsorlossesonrefundingsofdebtarerecordedasotherfinancingsourcesandusesandexpendituresrespectivelyinthefundsintheperiodtheyareincurredbutaredeferredandamortizedoverthelifeoftheassociateddebtinthestatementofnetposition.Unamortizeddebtissuancepremiumrefundinglossesanddiscounts161505Someliabilitiesincludinglong-termdebtarenotdueandpayableinthecurrentperiodandthereforearenotreportedinthefunds.Bondsandpromissorynotespayable36158184Landfillpost-closureliability372275Compensatedabsences318463Accruedinterestpayable123073NetPositionofGovernmentalFunds2822646634 THISPAGELEFTBLANKINTENTIONALLY35 DebtGeneralServiceRevenuesPropertytaxes5443755690457Paymentsinlieuoftaxes195479-Othertaxes25533-ChargesforServicesLicensesandpermits418053-Finesandforfeitures123709-Publicchargesforservices537557-Intergovernmentalchargesforservices114883-OperatingGrantsandContributionsIntergovernmental13197824993Impactfees--Donations--CapitalGrantsandContributionsSpecialassessmentsandinterest--Investmentearnings327352917Otherrevenues75175-TotalRevenues8286661698367ExpendituresCurrentGeneralGovernment1008542-PublicSafety3836716-PublicWorks2656575-CommunityEnrichmentServices505392-ConservationandDevelopment139055-Capitaloutlay--DebtServicePrincipal-2072758Interestandfiscalcharges-1890334TotalExpenditures81462803963092ExcessDeficiencyofRevenuesOverUnderExpenditures1403813264725OtherFinancingSourcesUsesProceedsfromsaleofcapitalassets108-Transfersin2703893136622Transfersout61673-Paymenttorefundedbondescrowagent-2989729Generalobligationdebtissued-2930000Bondpremiumsondebtissued-24559Bonddiscountsondebtissued-18901TotalOtherFinancingSourcesUses2088243082551NetChangeinFundBalance349205182174FUNDBALANCEDEFICIT-Beginningofyear2692108311598FUNDBALANCEDEFICIT-ENDOFYEAR3041313129424StatementofRevenuesExpendituresandChangesinFundBalances-GovernmentalFundsFortheYearEndedDecember312012OzaukeeCountyWisconsinVILLAGEOFGRAFTON36 VILLAGEOFGRAFTONOzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalances-GovernmentalFundsFortheYearEndedDecember312012CapitalNon-MajorTotalCapitalProjectsGovernmentalGovernmentalProjectsTIDNo.3FundsFunds26593060143322756599277234---195479---25533---418053---12370910275-156246704078---11488318648127592249171738932--6845468454-150250002515015171-2206537236332082454223223116625-994733931119053511065638831282949512964419-48713657811123036---3836716--177622674337--8560811361473-154513213403506971451710405405789341071184---2072758--546818958024517102437661737429145422775935539506510920661577858--1385013958250006915065008754624392472715108657127332304354189---2989729--3500003280000--125625815--2308212094477153950651869557579038388360-77749199882016883454000002136745642879612999854000001359254542997637 OzaukeeCountyWisconsinReconciliationoftheStatementofRevenuesExpendituresandChangesinFundBalancesofGovernmentalFundstotheStatementofActivitiesFortheYearEndedDecember312012Netchangeinfundbalances-totalgovernmentalfunds998820AmountsreportedforgovernmentalactivitiesinthestatementofactivitesaredifferentbecauseGovernmentalfundsreportcapitaloutlaysasexpenditures.Howeverinthestatementofnetpositionsthecostoftheseassetsiscapitalizedandtheyaredepreciatedovertheirestimatedusefullivesandreportedasdepreciationexpenseinthestatementofactivities.Capitaloutlayisreportedasanexpenditureinthefundfinancialstatementsbutiscapitalizedinthegovernment-widefinancialstatements1071184Someitemsreportedascapitaloutlayexpendituresinthefundfinancialstatementsareoperatingexpensesinthegovernment-widestatements205587Someitemsreportedasoperatingexpendituresinthefundfinancialstatementsbutiscapitalizedinthegovernment-widefinancialstatements17050Depreciationisreportedinthegovernment-widestatements1609553Netbookvalueofassetsretired94133Debtissuedprovidescurrentfinancialresourcestogovernmentalfundsbutissuingdebtincreaseslong-termliabilitiesinthestatementofnetassets.Repaymentofdebtprincipalisanexpenditureinthegovernmentalfundsbuttherepaymentreduceslong-termliabilitiesinthestatementofnetposition.Debtissued3280000Principalretired5062487Governmentalfundsreportpremiumsanddiscountsassociatedwiththeissuanceoflong-termdebtasotherfinancingsourcesandusesbuttheseitemsareamortizedoverthelifeofthedebtissueontheStatementofActivities.SimilarlydebtissuancecostsandlossesonrefundingsofdebtarerecordedasexpendituresinthegovernmentalfundsbutamortizedoverthelifeofthedebtissueontheStatementofActivities.Premiumsonnewdebt25815Discountsonnewdebt21209Issuancecostsonnewdebt63825Refundinglossonnewdebt295634Amortizationofissuancecosts67239Amortizationofdiscounts9647Amortizationofpremiums18163Amortizationofrefundinglosses140945Receivablesnotcurrentlyavailablearereportedasrevenuewhencollectedorcurrentlyavailableinthefundfinancialstatementsbutarerecognizedasrevenuewhenearnedinthegovernment-widefinancialstatements.Pledgesreceivable25000Specialassessments189875Duefromothergovernments30000Someexpensesinthestatementofactivitiesdonotrequiretheuseofcurrentfinancialresourcesandthereforearenotreportedasexpendituresinthegovernmentalfunds.Compensatedabsences89386Landfillpost-closureliability55679Accruedinterestondebt88147ChangeinNetPositionofGovernmentalActivities307128VILLAGEOFGRAFTON38 VILLAGEOFGRAFTONOzaukeeCountyWisconsinStatementofNetPosition-ProprietaryFundsAsofDecember312012WastewaterWaterUtilityUtilityTotalAssetsCurrentAssetsCashandinvestments31673494571413624490ReceivablesTaxes333634674180104Specialassessments-2407524075Utilitycustomers310120354237664357Other182362597744213Inventory16495-16495Prepaiditems2743818310926TotalCurrentAssets35483069163544464660NoncurrentAssetsRestrictedcashandinvestments14352011128021256322CapitalAssetsLand42533405939448472Intangibleassets-1448314483Constructioninprogress3473168127102858Plantinservice204563462568039046136736Accumulateddepreciation53414501005029415391744Unamortizeddebtissuancecosts130732027933352TotalNoncurrentAssets153487531725172632600479TotalAssets188970591816808037065139LiabilitiesandNetPositionCurrentLiabilitiesAccountspayableandaccruedliabilities37562133997171559Accruedpayrollandrelatedliabilities121111042922540Accruedinterest14885038751875Compensatedabsences46151030114916Unearnedrevenue61681-61681Deposits7400-7400Currentportionofnotes16801182841199641TotalCurrentLiabilities141658387955529612LiabilitiespayablefromrestrictedassetsAccruedinterestonrevenuebonds170927894498Principalonrevenuebonds266004340070000Totalliabilitiespayablefromrestrictedassets283094618974498Long-TermLiabilitiesCompensatedabsences298433713566978Generalobligationnotes38090814227151803624Revenuebonds4693007657001235000TotalLong-termLiabilities88005122255503105602TotalLiabilities105001826596943709712NetPositionNetinvestmentincapitalassets143599111380305228162963RestrictedDebtService4828778784127071Equipmentreplacement-878639878639Operationsandmaintenance93523152591246114Unrestricted33453205953203940640TotalNetPosition178470411550838633355427TotalLiabilitiesandNetPosition18897059181680803706513939 VILLAGEOFGRAFTONOzaukeeCountyWisconsinStatementofRevenuesExpensesandChangesinNetPosition-ProprietaryFundsFortheYearEndedDecember312012WastewaterWaterUtilityUtilityTotalOperatingRevenues172719819569423684140OperatingExpensesOperationandmaintenance78130110497271831028Depreciationexpense4087936922751101068Taxes175742482942403TotalOperatingExpenses120766817668312974499OperatingIncome519530190111709641NonoperatingRevenuesExpensesInvestmentearnings13275634919624Gainonsaleofassets100621006220124Interestonlong-termdebt4051197083137594Amortizationofdebtissuancecostsandpremiums80810351843TotalNonoperatingExpenses179828170799689Incomebeforecapitalcontributionsandtransfers501548108404609952CapitalContributions10390043728147628TransfersOut20047669727270203ChangeinNetPosition40497282405487377NETPOSITION-Beginningofyear174420691542598132868050NETPOSITION-ENDOFYEAR17847041155083863335542740 WastewaterWaterUtilityUtilityTotalCashFlowsFromOperatingActivitiesReceiptsfromcustomers182319321987884021981Paymentstosuppliers5803996518481232247Paymentstoandonbehalfofemployees232376345382577758NetCashProvidedbyOperatingActivities101041812015582211976CashFlowsFromNoncapitalFinancingActivitiesTaxequivalentpaidtomunicipality2004769524210000Transfertogovernmentalfunds-6020360203NetCashUsedbyNoncapitalFinancingActivities20047669727270203CashFlowsFromCapitalandRelatedFinancingActivitiesAdditionstopropertyandplant4603036024091062712Specialassessmentsreceived-1304013040Proceedsfromsaleofcapitalassets100621006220124Principalpaymentsondebt117375260414377789Interestondebt4106087970129030NetCashUsedbyCapitalandRelatedFinancingActivities6086769276911536367CashFlowsFromInvestingActivitiesMarketablesecuritiespurchased530321260004790325Marketablesecuritiessold530321260004790325Interestincome13275634919624NetCashProvidedbyInvestingActivities13275634919624NetIncreaseinCashandEquivalents214541210489425030CashandInvestmentsBeginningofyear309632813594544455782CashandInvestmentsEndofYear331086915699434880812VILLAGEOFGRAFTONOzaukeeCountyWisconsinStatementofCashFlows-ProprietaryFundsFortheYearEndedDecember31201241 WastewaterWaterUtilityUtilityTotalReconciliationofOperatingIncometoNetCashProvidedbyOperatingActivitiesOperatingincome519530190111709641AdjustmentstoReconcileOperatingIncometoNetCashProvidedbyOperatingActivitiesDepreciation4087936922751101068Depreciationchargedtootherfunds2550025500-ChangesinAssetsandLiabilitiesRelatedtoOperationsCustomeraccountsreceivable16193265006281199Otheraccountsreceivable16878334013538Prepaidexpenses28425343376Duefromotherfunds4345568010025Accountspayableandaccruedliabilities222557914556890Othercurrentliabilities551323533160Deferredcredits33079-33079NetCashProvidedbyOperatingActivities101041812015582211976ReconciliationofCashandInvestmentstotheStatementofNetPosition-ProprietaryFundCashandinvestments-statementofnetposition31673494571413624490Restrictedcashandinvestments-statementofnetposition14352011128021256322331086915699434880812NoncashCapitalActivitiesandRelatedFinancingActivitiesCapitalContributions10340022220125620VILLAGEOFGRAFTONOzaukeeCountyWisconsinStatementofCashFlows-ProprietaryFundsFortheYearEndedDecember312012Continued42 OzaukeeCountyWisconsinStatementofNetPosition-FiduciaryFundAgencyTaxCollectionFundAsofDecember312012AssetsCashandequivalents13778126Taxesreceivable11265540TotalAssets25043666LiabilitiesDuetoothertaxingunits25043666VILLAGEOFGRAFTON43 VILLAGEOFGRAFTONOzaukeeCountyWisconsinINDEXTONOTESTOTHEFINACIALSTATEMENTSDECEMBER312012Note1.SummaryofSignificantAccountingPoliciesA.FinancialReportingEntityB.Government-WideandFundFinancialStatementsC.MeasurementFocusBasisofAccountingandFinancialStatementPresentationD.AssetsLiabilitiesandNetPositionorEquity2.StewardshipComplianceandAccountabilityA.BudgetaryInformationB.ExcessExpendituresOverAppropriationsC.LimitationsonVillagesTaxLevyD.DeficitBalances3.DetailNotesonTransactionClassesandAccountsA.DepositsandInvestmentsB.ReceivablesC.InterfundReceivablesPayablesandAdvancesandTransfersD.RestrictedAssetsE.CapitalAssetsF.Long-TermObligationsG.NetPositionandFundBalances4.OtherNotesA.EmployeePensionPlanB.RiskManagementC.CommitmentsandContingenciesD.TaxIncrementalDistrictsE.AgreementswiththeTownofGraftonF.JointVenturesG.ImpactFeesH.LeasesasLessorI.EffectofNewAccountingStandardsonCurrent-PeriodFinancialStatementsJ.SubsequentEvents44 1.SummaryofSignificantAccountingPoliciesTheVillageofGraftonVillagewasincorporatedin1896.TheVillageoperatesunderaCouncil-Managerformofgovernmentandprovidesthefollowingservicesasauthorizedbyitscharterpublicsafetypublicworksdevelopmentservicespublichealthandwelfareculturerecreationwaterandwastewater.TheaccountingpoliciesoftheVillageofGraftonWisconsinconformtoacceptedaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmericaasapplicabletogovernmentalunits.Theacceptedstandard-settingbodyforestablishinggovernmentalaccountingandfinancialreportingprinciplesistheGovernmentalAccountingStandardsBoardGASB.A.FinancialReportingEntityThisreportincludesallofthefundsoftheVillageofGrafton.ThereportingentityfortheVillageconsistsofatheprimarygovernmentborganizationsforwhichtheprimarygovernmentisfinanciallyaccountableandcotherorganizationsforwhichthenatureandsignificanceoftheirrelationshipwiththeprimarygovernmentaresuchthattheirexclusionwouldcausethereportingentitysfinancialstatementstobemisleadingorincomplete.Alegallyseparateorganizationshouldbereportedasacomponentunitiftheelectedofficialsoftheprimarygovernmentarefinanciallyaccountablefortheorganization.Theprimarygovernmentisfinanciallyaccountableifitappointsavotingmajorityoftheorganizationsgoverningbodyand1itisabletoimposeitswillonthatorganizationor2thereisapotentialfortheorganizationtoprovidespecificfinancialbenefitstoorburdensontheprimarygovernment.Theprimarygovernmentmaybefinanciallyaccountableifanorganizationisfiscallydependentontheprimarygovernment.Alegallyseparatetaxexemptorganizationshouldbereportedasacomponentunitofareportingentityifallofthefollowingcriteriaaremet1Theeconomicresourcesreceivedorheldbytheseparateorganizationareentirelyoralmostentirelyforthedirectbenefitoftheprimarygovernmentitscomponentunitsoritsconstituents2Theprimarygovernmentisentitledtoorhastheabilitytootherwiseaccessamajorityoftheeconomicresourcesreceivedorheldbytheseparateorganization3Theeconomicresourcesreceivedorheldbyanindividualorganizationthatthespecificprimarygovernmentoritscomponentunitsisentitledtoorhastheabilitytootherwiseaccessaresignificanttothatprimarygovernment.Blendedcomponentunitsalthoughlegallyseparateentitiesareinsubstancepartofthegovernmentsoperationsandarereportedwithsimilarfundsoftheprimarygovernment.Thisreportdoesnotcontainanycomponentunits.45 1.SummaryofSignificantAccountingPoliciesContinuedB.Government-WideandFundFinancialStatementsInJune2011theGASBissuedstatementNo.63-FinancialReportingofDeferredOutflowsofResourcesDeferredInflowsofResourcesandNetPosition.Thisstatementprovidesfinancialreportingguidancefordeferredoutflowsofresourcesanddeferredinflowsofresources.Previousfinancialreportingstandardsdidnotincludeguidancefortheseelementswhicharedistinctfromassetsandliabilities.TheVillagehasimplementedthisstandardeffectiveJanuary12012.Government-wideFinancialStatementsTheStatementofNetPositionandStatementofActivitiesdisplayinformationaboutthereportinggovernmentasawhole.Theyincludeallfundsofthereportingentityexceptforfiduciaryfunds.Thestatementsdistinguishbetweengovernmentalandbusiness-typeactivities.Governmentalactivitiesgenerallyarefinancedthroughtaxesintergovernmentalrevenuesandothernon-exchangerevenues.Business-typeactivitiesarefinancedinwholeorinpartbyfeeschargedtoexternalpartiesforgoodsorservices.TheStatementofActivitiesdemonstratesthedegreetowhichthedirectexpensesofagivenfunctionorsegmentsareoffsetbyprogramrevenues.Directexpensesarethosethatareclearlyidentifiablewithaspecificfunctionorsegment.TheVillagedoesnotallocateindirectexpensestofunctionsinthestatementofactivities.Programrevenuesinclude1chargestocustomersorapplicantswhopurchaseuseordirectlybenefitfromgoodsservicesorprivilegesprovidedbyagivenfunctionorsegmentand2grantsandcontributionsthatarerestrictedtomeetingtheoperationalorcapitalrequirementsofaparticularfunctionorsegment.Taxesandotheritemsnotincludedamongprogramrevenuesarereportedasgeneralrevenues.Internallydedicatedresourcesarereportedasgeneralrevenuesratherthanasprogramrevenues.FundFinancialStatementsFinancialstatementsofthereportingentityareorganizedintofundseachofwhichisconsideredtobeaseparateaccountingentity.Eachfundisaccountedforbyprovidingaseparatesetofself-balancingaccountswhichconstituteitsassetsliabilitiesnetpositionfundequityrevenuesandexpendituresexpenses.Fundsareorganizedasmajorfundsornonmajorfundswithinthegovernmentalandproprietarystatements.Anemphasisisplacedonmajorfundswithinthegovernmentalandproprietarycategories.AfundisconsideredmajorifitistheprimaryoperatingfundoftheVillageormeetsthefollowingcriteriaa.Totalassetsdeferredoutflowsofresourcesliabilitiesdeferredinflowsofresourcesrevenuesorexpendituresexpensesofthatindividualgovernmentalorenterprisefundareatleast10ofthecorrespondingtotalforallfundsofthatcategoryortypeandb.Thesameelementoftheindividualgovernmentalorenterprisefundthatmetthe10testisatleast5ofthecorrespondingtotalforallgovernmentalandenterprisefundscombined.c.InadditionanyothergovernmentalorenterprisefundthattheVillagebelievesisparticularlyimportanttofinancialstatementusersmaybereportedasamajorfund.Separatefinancialstatementsareprovidedforgovernmentalfundsandproprietaryfundsandfiduciaryfundseventhoughthelatterareexcludedfromthegovernment-widefinancialstatements.Majorindividualgovernmentalfundsandmajorindividualenterprisefundsarereportedasseparatecolumnsinthefundfinancialstatements.46 1.SummaryofSignificantAccountingPoliciesContinuedB.Government-WideandFundFinancialStatementsContinuedFundFinancialStatementsContinuedTheVillagereportsthefollowingmajorgovernmentalfundsGeneralFundaccountsfortheVillagesprimaryoperatingactivities.Itisusedforandreportallfinancialresourcesexceptthoseaccountedforandreportedinanotherfund.DebtServiceFundusedtoaccountforandreportfinancialresourcesthatarerestrictedcommittedorassignedtoexpenditureforthepaymentofgenerallong-termdebtprincipalinterestandrelatedcostsotherthanenterprisedebt.CapitalProjectsFundusedtoaccountforandreportfinancialresourcesthatarerestrictedcommittedorassignedtoexpenditureforcapitaloutlaysincludingtheacquisitionorconstructionofcapitalfacilitiesandothercapitalassets.TaxincrementalDistrictNo.3TIDNo.3CapitalProjectFundusedtoaccountforandreportfinancialresourcesthatarerestrictedcommittedorassignedtoexpendituresoutlinedintheTIDprojectplan.TheVillagereportsthefollowingmajorenterprisefundsWaterUtilityTheWaterUtilityaccountsfortheoperationsoftheVillageswaterdistributionsystem.WastewaterUtilityTheWastewaterUtilityaccountsfortheoperationsoftheVillagessewagetreatmentplantandrelatedcollectionsystems.TheVillagereportsthefollowingnon-majorgovernmentalfundsSpecialRevenueFundsusedtoaccountforandreporttheproceedsofspecificrevenuesourcesthatarerestrictedorcommittedtoexpendituresforspecifiedpurposesotherthandebtserviceorcapitalprojects.ParkandOpenSpaceRevolvingLoanWoodlawnCemeteryCapitalParkandRecreationalFacilitiesRecreationLibraryEnvironmentalAquaticsRoomTaxFireDepartmentFundDebtServiceFundusedtoaccountforandreportfinancialresourcesthatarerestrictedcommittedorassignedtoexpenditureforthepaymentofgenerallong-termdebtprincipalinterestandrelatedcosts.ImpactFeesCapitalProjectsusedtoaccountforandreportfinancialresourcesthatarerestrictedcommittedorassignedtoexpenditureforcapitaloutlaysincludingtheacquisitionorconstructionofcapitalfacilitiesandothercapitalassets.TaxIncrementalDistrictNo.2TaxIncrementalDistrictNo.4TaxIncrementalDistrictNo.5Equipment47 1.SummaryofSignificantAccountingPoliciesContinuedB.Government-WideandFundFinancialStatementsContinuedFundFinancialStatementsContinuedPermanentFundusedtoaccountforandreportresourcesthatarerestrictedtotheextentthatonlyearningsandnotprincipalmaybeusedforpurposesthatsupportthereportinggovernmentsprogramsthatisforthebenefitofthegovernmentoritscitizenryCemeteryPerpetualCareInadditiontheVillagereportsthefollowingfundtypeAgencyfundusedtoaccountforandreportassetsheldbytheVillageinatrusteecapacityorasanagentforindividualsprivateorganizationsandorothergovernmentalunits.TheVillageusesthisfundtoaccountforitsTaxCollectionFund.C.MeasurementFocusBasisofAccountingandFinancialStatementPresentationGovernment-WideFinancialStatementsThegovernment-widestatementofnetpositionandstatementofactivitiesarereportedusingtheeconomicresourcesmeasurementfocusandtheaccrualbasisofaccounting.Undertheaccrualbasisofaccountingrevenuesarerecognizedwhenearnedandexpensesarerecordedwhentheliabilityisincurredoreconomicassetused.Revenuesexpensesgainslossesassetsandliabilitiesresultingfromexchangeandexchange-liketransactionsarerecognizedwhentheexchangetakesplace.Propertytaxesarerecognizedasrevenuesintheyearforwhichtheyarelevied.Taxesreceivableforthefollowingyeararerecordedasreceivablesandunearnedrevenue.Grantsandsimilaritemsarerecognizedasrevenueassoonasalleligibilityrequirementsimposedbytheprovideraremet.Specialassessmentsarerecordedasrevenuewhenearned.Unbilledreceivablesarerecordedasrevenueswhenservicesareprovided.Asageneralruletheeffectofinterfundactivityhasbeeneliminatedfromthegovernment-widefinancialstatements.ExceptionstothisgeneralrulearechargesbetweentheVillageswaterandwastewaterutilityandvariousotherfunctionsofthegovernment.Eliminationofthesechargeswoulddistortthedirectcostsandprogramrevenuesreportedforthevariousfunctionsconcerned.FundFinancialStatementsGovernmentalfundfinancialstatementsarereportedusingthecurrentfinancialresourcesmeasurementfocusandthemodifiedaccrualbasisofaccounting.Revenuesarerecordedwhentheyarebothmeasurableandavailable.Availablemeanscollectiblewithinthecurrentperiodorsoonenoughthereaftertobeusedtopayliabilitiesofthecurrentperiod.ForthispurposetheVillageconsidersrevenuestobeavailableiftheyarecollectedwithin60daysoftheendofthecurrentfiscalperiod.Expendituresarerecordedwhentherelatedfundliabilityisincurredexceptforunmaturedinterestonlong-termdebtclaimsjudgmentscompensatedabsencesandpensionexpenditureswhicharerecordedasafundliabilitywhenexpectedtobepaidwithexpendableavailablefinancialresources.48 1.SummaryofSignificantAccountingPoliciesContinuedC.MeasurementFocusBasisofAccountingandFinancialStatementPresentationFundFinancialStatementsContinuedPropertytaxesarerecordedintheyearleviedasreceivablesanddeferredrevenues.Theyarerecognizedasrevenuesinthesucceedingyearwhenservicesfinancedbythelevyarebeingprovided.IntergovernmentalaidsandgrantsarerecognizedasrevenuesintheperiodtheVillageisentitledtotheresourcesandtheamountsareavailable.AmountsowedtotheVillagewhicharenotavailablearerecordedasreceivablesanddeferredrevenues.Amountsreceivedpriortotheentitlementperiodarealsorecordedasdeferredrevenues.Specialassessmentsarerecordedasrevenueswhentheybecomemeasurableandavailableascurrentassets.Annualinstallmentsdueinfutureyearsarereflectedasreceivablesanddeferredrevenues.ItisthepracticeoftheVillagetoutilizespecialassessmentcollectionstofinancefuturecapitalprojectexpenditures.Revenuessusceptibletoaccrualincludepropertytaxesmiscellaneoustaxespublicchargesforservicesspecialassessmentsinterdepartmentalchargesforservicescabletelevisionfeeslibrarynonresidentfeesandinterest.Othergeneralrevenuessuchasfinesandforfeitureslicensesandpermitspublicchargesforservicesandcommercialrevenuesexceptinvestmentearningsarerecognizedwhenreceivedincashorwhenmeasurableandavailableunderthecriteriadescribedabove.TheVillagereportsdeferredrevenuesonitsgovernmentalfundsbalancesheet.Deferredrevenuesarisefromtaxesleviedinthecurrentyearwhichareforsubsequentyearsoperations.Forgovernmentalfundfinancialstatementsdeferredrevenuesarisewhenapotentialrevenuedoesnotmeetboththemeasurableandavailablecriteriaforrecognitioninthecurrentperiod.DeferredrevenuesalsoarisewhenresourcesarereceivedbeforetheVillagehasalegalclaimtothemaswhengrantmoniesarereceivedpriortotheincurrenceofqualifyingexpenditures.InsubsequentperiodswhenbothrevenuerecognitioncriteriaaremetorwhentheVillagehasalegalclaimtotheresourcestheliabilityfordeferredrevenueisremovedfromthebalancesheetandrevenueisrecognized.Proprietaryandfiduciaryfundfinancialstatementsotherthanagencyfundsarereportedusingtheeconomicresourcesmeasurementfocusandtheaccrualbasisofaccountingasdescribedpreviouslyinthisnote.Agencyfundsfollowtheaccrualbasisofaccountinganddonothaveameasurementfocus.Theproprietaryfundsdistinguishoperatingrevenuesandexpensesfromnonoperatingitems.Operatingrevenuesandexpensesgenerallyresultfromprovidingservicesandproducinganddeliveringgoodsinconnectionwithaproprietaryfundsprincipalongoingoperations.Theprincipaloperatingrevenuesofthewaterandsewerutilitiesarechargestocustomersforsalesandservices.Specialassessmentsarerecordedasreceivablesandcontributionrevenuewhenlevied.Operatingexpensesforproprietaryfundsincludethecostofsalesandservicesadministrativeexpensesanddepreciationoncapitalassets.Allrevenuesandexpensesnotmeetingthisdefinitionarereportedasnonoperatingrevenuesandexpenses.49 1.SummaryofSignificantAccountingPoliciesContinuedD.AssetsLiabilitiesandNetPositionorEquityAllFinancialStatementsThepreparationoffinancialstatementsinconformitywithgenerallyacceptedaccountingprinciplesrequiresmanagementtomakeestimatesandassumptionsthataffectthereportedamountsofassetsandliabilitiesanddisclosureofcontingentassetsandliabilitiesatthedateofthefinancialstatementsandthereportedamountsofrevenuesandexpendituresexpensesduringthereportingperiod.Actualresultscoulddifferfromthoseestimates.DepositsandInvestmentsForpurposesofthestatementofcashflowstheVillageconsidersallhighlyliquidinvestmentswithaninitialmaturityofthreemonthsorlesswhenacquiredtobecashequivalents.InvestmentofVillagefundsisrestrictedbyWisconsinstatestatutes.AvailableinvestmentsarelimitedtoaTimedepositsinanycreditunionbanksavingsbankortrustcompanymaturinginthreeyearsorless.bBondsorsecuritiesofanycountycitydrainagedistricttechnicalcollegedistrictvillagetownorschooldistrictofthestate.AlsobondsissuedbyalocalexpositiondistrictalocalprofessionalbaseballparkdistrictalocalprofessionalfootballstadiumdistrictalocalculturalartsdistricttheUniversityofWisconsinHospitalsandClinicsAuthorityortheWisconsinAerospaceAuthority.cBondsorsecuritiesissuedorguaranteedbythefederalgovernment.dThelocalgovernmentinvestmentpool.eAnysecuritymaturinginsevenyearsorlessandhavingthehighestorsecondhighestratingcategoryofanationallyrecognizedratingagency.fSecuritiesofanopen-endmanagementinvestmentcompanyorinvestmenttrustsubjecttovariousconditionsandinvestmentoptions.gRepurchaseagreementswithpublicdepositorieswithcertainconditions.TheVillagehasadoptedaninvestmentpolicy.Thatpolicyfollowsthestatestatuteforallowableinvestments.Investmentsarestatedatfairvaluewhichistheamountatwhichaninvestmentcouldbeexchangedinacurrenttransactionbetweenwillingparties.Fairvaluesarebasedonquotedmarketprices.Noinvestmentsarereportedatamortizedcost.Adjustmentsnecessarytorecordinvestmentsatfairvaluearerecordedintheoperatingstatementasincreasesordecreasesininvestmentincome.Investmentincomeoncommingledinvestmentsofmunicipalaccountingfundsisallocatedbasedonaveragebalances.Thedifferencebetweenthebankstatementbalanceandcarryingvalueisduetooutstandingchecksandordepositsintransit.TheWisconsinLocalGovernmentInvestmentPoolLGIPispartoftheStateInvestmentFundSIFandismanagedbytheStateofWisconsinInvestmentBoard.TheSIFisnotregisteredwiththeSecuritiesandExchangeCommissionbutoperatesunderthestatutoryauthorityofWisconsinChapter25.TheSIFreportsthefairvalueofitsunderlyingassetsannually.ParticipantsintheLGIPhavetherighttowithdrawtheirfundsintotalononedaysnotice.AtDecember312012thefairvalueoftheVillagesshareoftheLGIPsassetswassubstantiallyequaltotheamountasreportedinthesestatements.SeeNote3.A.forfurtherinformation.50 1.SummaryofSignificantAccountingPoliciesContinuedD.AssetsLiabilitiesandNetPositionorEquityContinuedReceivablesPropertytaxesarerecordedintheyearleviedasreceivablesanddeferredrevenues.Theyarerecognizedasrevenuesinthesucceedingyearwhenservicesfinancedbythelevyareprovided.Inadditiontopropertytaxesforthemunicipalitytaxesarecollectedforandremittedtothestateandcountygovernmentsaswellasthelocalandvocationalschooldistricts.TaxesforallstateandotherlocalgovernmentalunitsbilledinthecurrentyearforthesucceedingyeararereflectedasreceivablesandasduetoothertaxingunitsontheStatementofNetPositionFiduciaryAgencyFund.TaxesareleviedinDecemberontheassessedvalueasofthepriorJanuary1.PropertyTaxCalendar-2012TaxRollLevyDateDecember2012LienDateSeptember12012TaxBillsMailedDecember2012PaymentinfullorJanuary312013FirstInstallmentdueJanuary312013SecondInstallmentdueMarch312013ThirdInstallmentdueMay312013PersonalpropertytaxesdueinfullJanuary312013TaxSettlementswithotherGovernmentalUnitsFirstSettlementJanuary152013SecondSettlementFebruary202013ThirdSettlementApril152013FourthSettlementJune172013FinalSettlementAugust202013TaxSalebyCounty-2012DelinquentEstateTaxesOctober2015Inthefundfinancialstatementsgovernmentalfundreceivablescollectiblebutnotavailablearedeferredinaccordancewiththemodifiedaccrualbasisofaccounting.Ameasurementperiodof60daysisusedtodetermineavailability.Allreceivablesinthegovernmentalfundsarerecordedatgrossamountswithuncollectibleamountsrecognizedunderthedirectwrite-offmethod.Noallowanceforuncollectibleaccountshasbeenprovidedastheestimatedaggregatedamountofuncollectiblereceivablesisnotmaterial.Unconditionalpledgesreceivablearerecordedwhenthepromisetogiveismade.TheVillagehasnotreceivedanyconditionalpledges.Thegrosspledgereceivablehasbeenreducedtothenetpresentvalueoffutureanticipatedreceiptsusingadiscountrateof4percent.Loansreceivablearerecordedwhentheloansaredisbursed.Proprietaryfundreceivablesconsistofallrevenuesearnedatyear-endandnotyetreceived.Noprovisionforuncollectibleaccountsreceivablehasbeenmadeforthewaterandsewerutilitiesbecausetheyhavetherightbylawtoplacesubstantiallyalldelinquentbillsonthetaxrollandotherdelinquentbillsaregenerallynotsignificant.51 1.SummaryofSignificantAccountingPoliciesContinuedD.AssetsLiabilitiesandNetPositionorEquityContinuedReceivablesContinuedInthegovernmentalfundfinancialstatementsadvancestootherfundsareoffsetequallybyafundbalancenonspendableaccountwhichindicatesthattheydonotconstituteexpendableavailablefinancialresourcesandthereforearenotavailableforappropriations.Duringthecourseofoperationstransactionsoccurbetweenindividualfundsthatmayresultinamountsowedbetweenfunds.Short-terminterfundloansarereportedasduetoandfromotherfunds.Long-terminterfundloansnoncurrentportionarereportedasadvancesfromandtootherfunds.Interfundreceivablesandpayablesbetweenfundswithingovernmentalactivitiesareeliminatedinthestatementofnetposition.Anyresidualbalancesoutstandingbetweenthegovernmentalactivitiesandbusiness-typeactivitiesarereportedinthegovernmental-widefinancialstatementsasinternalbalances.InventoriesandPrepaidItemsGovernmentalfundinventoryitemsarechargedtoexpenditureaccountswhenpurchased.Year-endinventorywasnotsignificant.Proprietaryfundinventoriesaregenerallyusedforconstructionandorforoperationandmaintenancework.Theyarenotforresale.TheyarevaluedatcostbasedonFIFOandchargedtoconstructionandoroperationandmaintenanceexpensewhenused.Certainpaymentstovendorsreflectcostsapplicabletofutureaccountingperiodsandarerecordedasprepaiditemsinbothgovernment-wideandfundfinancialstatements.RestrictedAssetsMandatorysegregationsofassetsarepresentedasrestrictedassets.Suchsegregationsarerequiredbybondagreementsandotherexternalparties.Currentliabilitiespayablefromtheserestrictedassetsaresoclassified.Theexcessofrestrictedassetsovercurrentliabilitiespayablefromrestrictedassetswillbeusedfirstforretirementofrelatedlong-termdebt.Theremainderifgeneratedfromearningsisshownasrestrictednetposition.Restrictedassetsincludeinvestmentsoftheproprietaryfundthatarelegallyrestrictedastotheiruse.TheserestrictionsaretheresultofgrantagreementswiththeWisconsinDepartmentofNaturalResourcesasaconditionofthereceiptofconstructiongrantsaswellasdebtcovenantsrelatedtooutstandingmortgagerevenuebonds.52 1.SummaryofSignificantAccountingPoliciesContinuedD.AssetsLiabilitiesandNetPositionorEquityContinuedCapitalAssetsGovernment-wideStatementsTheaccountingtreatmentrelatedtocapitalassetsdependsonwhethertheassetsareusedingovernmentaloperationsorproprietaryfundoperationsandwhethertheyarereportedinthegovernment-wideorfundfinancialstatements.Capitalassetswhichincludepropertyplantandequipmentarereportedinthegovernment-widefinancialstatements.Capitalassetsaredefinedbythegovernmentasassetswithaninitialcostofmorethan5000forgeneralcapitalassetsand15000forinfrastructureassetsandanestimatedusefullifeinexcessofoneyear.Allcapitalassetsarevaluedathistoricalcostorestimatedhistoricalcostifactualamountsareunavailable.Donatedcapitalassetsarerecordedattheirestimatedfairvalueatthedateofdonation.Additionstoandreplacementsofcapitalassetsofbusiness-typeactivitiesarerecordedatoriginalcostwhichincludesmateriallaboroverheadandanallowanceforthecostoffundsusedduringconstructionwhensignificant.Fortax-exemptdebttheamountofinterestcapitalizedequalstheinterestexpenseincurredduringconstructionnettedagainstanyinterestrevenuefromtemporaryinvestmentofborrowedfundproceeds.Nointerestwascapitalizedduringthecurrentyear.Thecostofrenewalsandbettermentsrelatingtoretirementunitsisaddedtoplantaccounts.Thecostofpropertyreplacedretiredorotherwisedisposedofisdeductedfromplantaccountsandgenerallytogetherwithremovalcostslesssalvageischargedtoaccumulateddepreciation.DepreciationandamortizationofallexhaustiblecapitalassetsisrecordedasanallocatedexpenseintheStatementofActivitieswithaccumulateddepreciationandamortizationreflectedintheStatementofNetPosition.Depreciationandamortizationisprovidedovertheassetsestimatedusefullivesusingthestraight-linemethodofdepreciation.TherangeofestimatedusefullivesbytypeofassetisasfollowsBuildingsandimprovements10-50yearsEquipmentandfurnishings5-50yearsInfrastructure25-100yearsWaterutilitysystem4-107yearsWastewaterutilitysystem7-100yearsIntangibleassetseasementsIndefiniteFundFinancialStatementsInthefundfinancialstatementscapitalassetsacquiredingovernmentalfundoperationsareaccountedforascapitaloutlayexpendituresofthegovernmentalfunduponacquisition.Capitalassetsusedinproprietaryfundoperationsareaccountedforinthesamemannerasinthegovernment-widestatements.OtherAssetsIngovernmentalfundsdebtissuancecostsarerecognizedasexpendituresinthecurrentperiod.Forthegovernment-wideandtheproprietaryfundtypefinancialstatementsdebtissuancecostsaredeferredandamortizedoverthetermofthedebtissue.53 1.SummaryofSignificantAccountingPoliciesContinuedD.AssetsLiabilitiesandNetPositionorEquityContinuedDeferredRevenuesTheVillagereportsunearnedrevenuesonitsbalancesheetandstatementsofnetposition.Inthegovernmentalfundsdeferredrevenuesarisewhenpotentialrevenuedoesnotmeetboththemeasurableandavailablecriteriaforrecognitioninthecurrentperiod.Suchrevenuesarerecognizedinthegovernment-widestatements.AdditionallydeferredrevenuesarisewhenresourcesarereceivedpriortotheVillagehavingalegalclaimtothem.Theserevenuesaredeferredinboththefundstatementsandthegovernment-widestatements.CompensatedAbsencesTheaccountingtreatmentforcompensatedabsencesdependsonwhethertheabsenceisusedingovernmentalfundoperationsorproprietaryfundoperationsandwhethertheyarereportedinthegovernment-wideorfundfinancialstatements.Aliabilityfortheseamountsisreportedingovernmentalfundsonlyiftheyhavematuredforexampleasaresultofemployeeresignationsandretirementsandarepayablewithexpendableresources.TherecordedcompensatedabsencesconsistofthefollowingPaidTimeOffEmployeesaccumulatepaidtimeoffbasedonlengthofserviceandarecappedbasedonlengthofservice.Earnedbalancesmaybeusedinfutureyears.Theliabilityforpaidtimeoffisrecordedinthegovernment-widestatementandproprietarystatements.Duetothelong-termnatureofthisliabilitythegovernmentalfundsdonotreportthisliabilityinthefundfinancialstatements.Theproprietaryfundsrecordthisliabilityasitisincurredinthesamemannerasitisrecordedonthegovernment-widefinancialstatements.ThebalanceasofDecember312012was14427013845and30902inthegovernmentalactivitieswaterutilityandsewerutilityrespectively.MedicalLeaveBankandMedicalLeaveSeparationBankTheVillagepolicesregardingsickleavechangedeffectiveJanuary12012.ForemployeeswhohadaccumulatedsickleavebanksthatneedtoberolledintothenewpolicytheVillageofferedtwodifferentbankmethods.EmployeesweregiventhechoicetotransferthebalanceintothenewmedicalleavebankpolicywhichisusedforFMLArelatedissuesortheycouldplacedthosebankedhoursintoaonetimemedicalleaveseparationbankthatwouldbeutilizedformedicalrelatedissuesafterseparationofemployment.Forthosewhochoosetotransfertheiraccumulatedsickbankintothenewmedicalleavebankpolicytheywereallowedtoexceedthehoursbanklimitof480hoursasstatedinthenewpolicyaslongasitdidnotexceedtheoldbanklimitof960hours.Annuallyemployeesaregiventheoptiontoplaceunutilizedpaidtimeoffintothemedicalleavebankorleavethebalanceaspaidtimeoff.Themedicalleavebankhasnoliabilityupontheterminationofemploymentandthereforeisnotrecordedasaliability.ForthosewhochoosetotransfertheiraccumulatedsickbankintoamedicalleaveseparationbanktheVillagehasrecordednecessaryliabilitiesforthisaccumulatedbenefit.Howeverduetothelong-termnatureofthisliabilitythegovernmentalfundsdonotreportthisliabilityinthefundfinancialstatements.Theproprietaryfundsrecordthisliabilityasitisincurredinthesamemannerasitisrecordedonthegovernment-widefinancialstatements.ThebalanceasofDecember312012was17419320613and16534inthegovernmentalactivitieswaterutilityandsewerutilityrespectively.54 1.SummaryofSignificantAccountingPoliciesContinuedD.AssetsLiabilitiesandNetPositionorEquityContinuedLong-termObligationsandConduitDebtAlllong-termobligationstoberepaidfromgovernmentalandbusiness-typeresourcesarereportedasliabilitiesinthegovernment-widestatements.Discountsandpremiumsonissuanceandissuancecostsaredeferredandamortizedoverthelifeofthedebtinthegovernment-widefinancialstatements.Gainsorlossesonpriorrefundingareamortizedovertheremaininglifeoftheolddebtorthelifeofthenewdebtwhicheverisshorter.Thebalanceatyearendforbothpremiumsdiscountsandgainslossesasapplicableisshownasanincreaseordecreaseintheliabilitysectionofthestatementofnetposition.Long-termobligationsforgovernmentalfundsarenotreportedasliabilitiesinthefundfinancialstatements.Thefacevaluesofdebtsarereportedasotherfinancingsourcesandpaymentsofprincipalandinterestarereportedasexpenditures.Theaccountinginproprietaryfundsisthesameasitisinthegovernment-widestatements.TheVillageofGraftonhasapprovedtheissuanceofIndustrialRevenueBondsIRBforthebenefitofprivatebusinessenterprises.IRBsaresecuredbymortgagesorrevenueagreementsontheassociatedprojectsanddonotconstituteindebtednessoftheVillage.Accordinglythebondsarenotreportedasliabilitiesintheaccompanyingfinancialstatements.Atyearendtheaggregateprincipalamountforthefourseriesoutstandingtotaled9812043.ClaimsandJudgmentsClaimsandjudgmentsarerecordedasliabilitiesifalltheconditionsofGovernmentalAccountingStandardsBoardpronouncementsaremet.Theliabilityandexpenditureforclaimsandjudgmentsisonlyreportedingovernmentalfundsifithasmatured.Claimsandjudgmentsarerecordedinthegovernment-widestatementsandproprietaryfundsasexpenseswhentherelatedliabilitiesareincurred.Therewerenosignificantclaimsorjudgmentsatyearend.EquityClassificationsGovernment-wideStatementsEquityisclassifiedasnetpositionanddisplayedinthreecomponentsa.NetinvestmentincapitalassetsConsistsofcapitalassetsincludingrestrictedcapitalassetsnetofaccumulateddepreciationandreducedbytheoutstandingbalancesexcludingunspentdebtproceedsofanybondsmortgagesnotesorotherborrowingsthatareattributabletotheacquisitionconstructionorimprovementofthoseassets.b.RestrictedConsistsofnetpositionwithconstraintsplacedontheiruseeitherby1externalgroupssuchascreditorsgrantorscontributorsorlawsorregulationsofothergovernmentsor2lawthroughconstitutionalprovisionsorenablinglegislation.c.UnrestrictedAllothernetpositionthatdonotmeetthedefinitionsofrestrictedornetinvestmentincapitalassets.WhenbothrestrictedandunrestrictedresourcesareavailableforuseitistheVillagespolicytouserestrictedresourcesfirstthenunrestrictedresourcesastheyareneeded.55 1.SummaryofSignificantAccountingPoliciesContinuedD.AssetsLiabilitiesandNetPositionorEquityContinuedEquityClassificationsContinuedFundStatementsGovernmentalfundequityisclassifiedasfundbalance.InaccordancewithGovernmentalAccountingStandardsBoardStatementNo.54FundBalanceReportingandGovernmentalFundTypeDefinitionstheVillageclassifiesgovernmentalfundbalanceasfollowsa.NonspendableIncludesfundbalanceamountsthatcannotbespenteitherbecausetheyarenotinspendableformorbecauselegalorcontractualrequirementsrequirethemtobemaintainedintact.b.RestrictedConsistsoffundbalanceswithconstraintsplacedontheiruseeitherby1externalgroupssuchascreditorsgrantorscontributorsorlawsorregulationsofothergovernmentsor2lawthroughconstitutionalprovisionsorenablinglegislation.c.CommittedIncludesfundbalanceamountsthatareconstrainedforspecificpurposesthatareinternallyimposedbythegovernmentthroughformalactionofthehighestlevelofdecisionmakingauthority.FundbalanceamountsarecommittedthroughaformalactionresolutionoftheVillage.Thisformalactionmustoccurpriortotheendofthereportingperiodbuttheamountofthecommitmentwhichwillbesubjecttotheconstraintsmaybedeterminedinthesubsequentperiod.AnychangestotheconstraintsimposedrequirethesameformalactionoftheVillagethatoriginallycreatedthecommitment.d.AssignedIncludesspendablefundbalanceamountsthatareintendedtobeusedforspecificpurposesthatarenotconsideredrestrictedorcommitted.Fundbalancemaybeassignedthroughthefollowing1TheVillagehasadoptedafinancialpolicyauthorizingtheFinanceDirectortoassignamountsforaspecificpurpose.2Allremainingpositivespendableamountsingovernmentalfundsotherthanthegeneralfundthatareneitherrestrictednorcommitted.Assignmentsmaytakeplaceaftertheendofthereportingperiod.e.UnassignedIncludesresidualpositivefundbalancewithinthegeneralfundwhichhasnotbeenclassifiedwithintheotherabovementionedcategories.Unassignedfundbalancemayalsoincludenegativebalancesforanygovernmentalfundifexpendituresexceedsamountsrestrictedcommittedorassignedforthosepurposes.Proprietaryfundequityisclassifiedthesameasinthegovernment-widestatements.TheVillageconsidersrestrictedamountstobespentfirstwhenbothrestrictedandunrestrictedfundbalanceisavailableunlesstherearelegaldocumentscontractsthatprohibitdoingthissuchasingrantagreementsrequiringdollarfordollarspending.AdditionallytheVillagewouldfirstusecommittedthenassignedandlastlyunassignedamountsofunrestrictedfundbalancewhenexpendituresaremade.SeeNote3.G.forfurtherinformation.WaterandWastewaterRatesWaterratesfortheutilitywereapprovedbythePublicServiceCommissionofWisconsinonDecember2256 2.StewardshipComplianceandAccountabilityA.BudgetaryInformationTheVillageadoptsannualbudgetsforthegeneralspecialrevenuedebtserviceandcapitalprojectfunds.TheseannualappropriationslapseatyearendunlessspecificallyauthorizedbytheVillageBoardtobecarriedforwardtothesucceedingyearsbudget.AcomparisonofbudgettoactualfortheGeneralFundispresentedintherequiredsupplementaryinformation.Acomparisonofbudgettoactualforallotherbudgetedfundsisnotarequiredpartofthebasicfinancialstatementsandispresentedinthesupplementaryinformationaccompanyingthisreport.AnnualbudgetsareadoptedinaccordancewithstatestatutesandareadoptedonabasisconsistentwithgenerallyacceptedaccountingproceduresGAAP.DuringtheyeartheVillageAdministratorsubmitstotheVillageBoardaproposedoperatingbudgetforthecalendaryearcommencingthefollowingJanuary1.Theoperatingbudgetincludesproposedexpendituresandthemeansforfinancingthem.Aftersubmissiontothegoverningbodypublichearingsareheldtoobtaintaxpayercomments.FollowingthepublichearingstheproposedbudgetincludingauthorizedadditionsanddeletionsislegallyenactedbyVillageBoardaction.Thebudgetmaybesubsequentlyamendedbyatwo-thirdsmajorityoftheVillageBoard.Budgetamendmentsduringtheyearwerenotmaterialinrelationtotheoriginalbudgetandconsistedofamendmentsadjustingbudgetedamountsbetweendepartmentsbutnotaffectingtotalbudgetedrevenuesorexpenditures.Appropriationsorfunctionssuchasgeneralgovernmentpublicsafetyetc.representthelevelofexpenditureswhichcannotbeexceededwithoutapprovaloftheVillageBoard.B.ExcessExpendituresOverAppropriationsFinalExcessActualBudgetedExpendituresExpendituresExpendituresOverBudgetDebtServiceFundInterestandfiscalcharges18903341673603216731TID2GeneralGovernment741143503061PublicWorks17762450013262ConservationandDevelopment10061863599983CapitalOutlay217173-217173DebtService5468-5468OtherFinancingUses36499934125623743TID5GeneralGovernment25562885016712OtherFinancingUses115304511478555190ImpactFeeFundOtherFinancingUses26787826782850Fund57 2.StewardshipComplianceandAccountabilityContinuedB.ExcessExpendituresOverAppropriationsContinuedFinalExcessActualBudgetedExpendituresExpendituresExpendituresOverBudgetParkRecreationFacilitiesFundCommunityEnrichmentServices29032-29032EquipmentFundCapitalOutlay31617926945646723RoomTaxFundConservationandDevelopment26426250001426ParkOpenSpaceFundOtherFinancingUses25000225182482CapitalProjectFundCapitalOutlay4517104494142296OtherFinancingUses472715335869136846WoodlawnCemeteryCapitalCapitalOutlay11250-11250FundTheVillagecontrolsexpendituresatthefunctionlevel.Someindividualfunctionsexperiencedexpenditureswhichexceededappropriations.ThedetailofthosecanbefoundintheVillagesyear-endbudgettoactualreport.C.LimitationsontheVillagesTaxLevyAspartofWisconsinsAct322011legislationwaspassedthatlimitstheVillagesfuturetaxlevies.GenerallytheVillageislimitedtoitspriortaxlevydollaramountexcludingTIFDistrictsincreasedbythegreaterofthepercentagechangeintheVillagesequalizedvalueduetonewconstructionorzeropercentforthe2011levycollectedin2012andthereafter.Changesindebtservicefromoneyeartothenextaregenerallyexemptfromthislimitwithcertainexceptions.TheVillagepassedResolutionNo.19series2012thatauthorizedareferendumtoexceedthestateimposedlevylimitin2013andonanongoingbases.ThereferendumpassedduringtheNovember62012election.The2013levyexceededthelimitby246051whichwillbeusedtoprovidefireandemergencyservices.D.DeficitBalancesGenerallyacceptedaccountingprinciplesrequiredisclosureofindividualfundsthathavedeficitbalancesatyearend.AsofDecember312012theCapitalProjects-TIDNo.3hadadeficitfundbalanceof400000.ThisdeficitbalanceisrelatedtothesaleofVillagepropertytoadeveloperin2011.Theproceedsfromthissaleareexpectedtobecollectedin2013.58 3.DetailNotesonTransactionClassesandAccountsA.DepositsandInvestmentsTheVillagesdepositsandinvestmentsatDecember312012werecomprisedofthefollowingStatementCarryingAssociatedBalanceValueRisksDemandDeposits1752474017320190CustodialCreditRiskStateandWisonsinLocalGovernmentInvestmentPoolLGIPPettyCash-770NAInvestmentsTotalDepositsandInvestments2399850623794726ReconciliationofFinancialStatementsPerStatementofNetPositionUnrestrictedCashandInvestments8639709RestrictedCashandInvestments1376891PerStateofNetPosition-FiduciaryFunds-AgencyFund1377812623794726Creditrisk99131299131254824545482454Interestratecustodialandconcentrationofcreditrisk59 3.DetailNotesonTransactionClassesandAccountsContinuedA.DepositsandInvestmentsContinuedAsofDecember312012theVillagesinvestmentsincludingthefollowingatfairmarketvalueInvestmentMaturitiesFairValueFederalHomeLoanMortgageCorporation2014-20171279317FederalNationalMortgageAssociation2014-20171657460UnitedStatesTreasurySecurities2013-20151983538CorporateCollaterizedPassthroughs2013-2017562139Total5482454DepositsineachlocalandareabankareinsuredbytheFDICintheamountof250000fortimeandsavingsaccountsincludingNOWaccounts250000forinterest-bearingdemanddepositaccountsandunlimitedamountsfornoninterest-bearingtransactionaccountsthroughDecember312012.OnJanuary12013thetemporaryunlimitedcoveragefornoninterestbearingtransactionaccountsexpired.Thereforedemanddepositaccountsinterest-bearingandnoninterest-bearingareinsuredforatotalof250000beginningJanuary12013.Inadditionifdepositsareheldinaninstitutionoutsideofthestateinwhichthegovernmentislocatedinsuredamountsarefurtherlimitedtoatotalof250000forthecombinedamountofalldepositaccounts.BankaccountsarealsoinsuredbytheStateDepositGuaranteeFundintheamountof400000.HoweverduetotherelativelysmallsizeoftheGuaranteeFundinrelationshiptothetotaldepositscoveredandotherlegalimplicationsrecoveryofmaterialprincipallossesmaynotbesignificanttoindividualmunicipalities.Thiscoveragehasnotbeenconsideredincalculatingcustodialcreditrisk.CustodialCreditRiskDepositsCustodialcreditriskistheriskthatintheeventofafinancialinstitutionfailuretheVillagesdepositsmaynotbereturnedtotheVillage.AsofDecember31201214619316oftheVillagestotalbankbalanceswereexposedtocustodialcreditriskasfollowsUninsuredanduncollateralized4087149Uninsuredandcollateralheldbythepledgingfinancialinstitutionstrustdepartmentoragentnotinthevillagesname10532167Total14619316InvestmentsForaninvestmentcustodialcreditriskistheriskthatintheeventofthefailureofthecounterpartytheVillagewillnotbeabletorecoverthevalueofitsinvestmentsorcollateralsecuritiesthatareinthepossessionofanoutsideparty.AsofDecember3120125232615oftheVillagesinvestmentswereexposedtocustodialcreditriskasfollowsNeitherinsurednorregisteredandheldbycounterparty523261560 3.DetailNotesonTransactionClassesandAccountsContinuedA.DepositsandInvestmentsContinuedCreditRiskCreditriskistheriskthatanissuerorothercounterpartytoaninvestmentwillnotfulfillitsobligations.Statelawlimitsinvestmentsincommercialpapercorporatebondsandmutualbondfundstothetoptworatingsissuedbynationallyrecognizedstatisticalratingorganizations.TheVillagespolicydoesnotfurtherlimititsinvestmentchoices.AsofDecember312012theVillagesinvestmentsinFederalHomeLoanMortgageCorporationFederalNationalMortgageAssociationwereratedAAAbyStandardPoorsandAAAbyMoodysInvestorsService.TheVillagehadinvestmentsintheexternalWisconsinLocalGovernmentInvestmentPoolwhichisnotrated.ConcentrationofCreditRiskConcentrationofcreditriskistheriskoflossattributedtothemagnitudeofagovernmentsinvestmentinasingleissuer.TheVillageplacednolimitontheamounttheVillagemayinvestinanyoneissuer.Morethan5percentoftheVillagesinvestmentsareinFederalHomeLoanMortgageCorporationFederalNationalMortgageAssociationUSTreasuriesandcorporatecollateralizedpass-through.Theseinvestmentsare233136and10respectivelyoftheVillagestotalinvestments.61 3.DetailNotesonTransactionClassesandAccountsContinuedB.ReceivablesReceivablesasofyearendforthegovernmentsindividualmajorfundsnonmajorfundsandfiduciaryfundsintheaggregateincludingtheapplicableallowancesforuncollectibleaccountsaredetailedonthegovernmentalfundbalancesheetproprietaryfundstatementofnetpositionandfiduciaryfundsstatementofnetposition.Allamountsareexpectedtobecollectedwithinoneyearexceptfor6448ofdelinquentpersonalpropertytaxesreportedinthegeneralfund217654ofspecialassessments13815ofduefromothergovernmentsand13975ofotherreceivablesallreportedinthecapitalprojectsfundand400000ofloansreportedinthespecialrevenue-revolvingloanfundandthecapitalprojectsfund.Governmentalfundsreportdeferredrevenueinconnectionwithreceivablesforrevenuesthatarenotconsideredtobeavailabletoliquidateliabilitiesofthecurrentperiod.Propertytaxesleviedforthesubsequentyeararenotearnedandcannotbeusedtoliquidateliabilitiesofthecurrentperiod.Governmentalfundsalsodeferrevenuerecognitioninconnectionwithresourcesthathavebeenreceivedbutnotyetearned.AttheendofthecurrentfiscalyearthevariouscomponentsofdeferredrevenueandunearnedrevenuereportedinthegovernmentalfundswereasfollowsUnavailableUnearnedTotalPropertytaxesreceivableforsubsequentyear-93652979365297Specialassessmentsnotyetdue217654-217654Pledgesnotyetdue19597-19597Loansreceivablenotyetdue400000-400000Duefromothergovernmentsnotyetdue13815-13815Otherreceivablesnotyetdue13975-13975Total66504193652971003033862 3.DetailNotesonTransactionClassesandAccountsContinuedC.InterfundReceivablesPayablesAdvancesandTransfersInterfundReceivablesPayablesThefollowingisascheduleofinterfundreceivablesandpayablesincludinganyoverdraftsonpooledcashandinvestmentaccountsAmountNotDueWithinOneReceivableFundPayableFundAmountYearCapitalProjectsFundTIDNo.3888973888973GeneralFundCapitalProjectsFund-TIDNo.28-Total-FundFinancialStatements888981LessFundeliminations888981TotalInternalBalances-Government-WideStatementofNetPosition-Theprincipalpurposeoftheseinterfundsistheallocationofcommingledcashandinvestmentbalances.Allremainingbalancesresultedfromthetimelagbetweenthedatesthat1interfundgoodsandservicesareprovidedorreimbursableexpendituresoccur2transactionsarerecordedintheaccountingsystemand3paymentsbetweenfundsaremade.Forthestatementofnetpositioninterfundbalanceswhichareowedwithinthegovernmentalactivitiesorbusiness-typeactivitiesarenettedandeliminated.AdvancesThecapitalprojectsfundisadvancingfundstotheparkandrecreationfundandimpactfeesfund.Theamountadvancedisdeterminedbythedeficiencyofrevenuesoverexpendituresandotherfinancingsourcesineachfund.EachfundsrepaymentscheduleswillbebasedonthetimingofnewdevelopmentswithintheVillage.Themainsourceofrevenueineachfundisreliantonfeesfromdevelopments.AmountNotDueWithinOneReceivableFundPayableFundAmountYearCapitalProjectsFundParkRecreationFacilitiesFund9605496054CapitalProjectsFundImpactFeeFund120569120569Total-FundFinancialStatements216623LessFundeliminations216623TotalAdvances-Government-WideStatementofNetPosition-63 3.DetailNotesonTransactionClassesandAccountsContinuedC.InterfundReceivablesPayablesandTransfersContinuedTransfersThefollowingisascheduleofinterfundtransfersFundTransferredToFundTransferredFromAmountGeneralFundCemeteryPerpetualCareFund187GeneralFundWastewaterUtilityFund69727GeneralFundWaterUtilityFund200476DebtServiceFundImpactFeeFund267878DebtServiceFundCapitalProjectsFund133030DebtServiceFundTIDNo.2Fund2674DebtServiceFundTIDNo.3Fund1086574DebtServiceFundTIDNo.4Fund613853DebtServiceFundTIDNo.5Fund724345DebtServiceFundRoomTaxFund124250DebtServiceFundParkRecreationalFacilitiesFund104476DebtServiceFundLibraryFund4542DebtServiceFundEnvironmentalFund75000CapitalProjectFundParkOpenSpaceFund25000TIDNo.3FundTIDNo.2Fund165198TIDNo.3FundTIDNo.5Fund428246TIDNo.3FundCapitalProjectsFund98061ParkRecreationalFacilitiesFundCapitalProjectsFund121054AquaticsFundGeneralFund61673ImpactFeesFundCapitalProjectsFund120569TIDNo.4FundTIDNo.2Fund197127TIDNo.4FundTIDNo.5Fund452Total-FundFinancialStatements4624392LessFundeliminations4354189TotalTransfers-Government-WideStatementofActivities270203ThesetransfersweremadeforthefollowingpurposesTransferstotheGeneralFundfromothergovernmentalfundsweremadetotransferinvestmentincomefromtheWoodlawnCemeteryPerpetualCareFund.TransferstotheGeneralFundfromtheWastewaterUtilityweremadeinrelationtoadministrativechargestotheWastewaterUtility.TransferstotheDebtServiceFundfromtheCapitalProjectsFundTIDNo.3andothergovernmentalfundsweremadetofundthedebtservicerequirementsforeachfund.TransfertoCapitalProjectsFundfromParkOpenSpacefundwasmadebasedondonorrequest.TransferstotheAquaticsFundfromtheGeneralFundweremadeasanannualoperatingtransferthatsubsidizesthefundinginthisfund.TransferstoTIDNo.3ParkRecreationFacilitiesFundandImpactFeesFundsfromCapitalProjectsFundweretocoverfundshortfallsinthecurrentyear.64 TransfertoTIDNo.3andTIDNo.4fromtheCapitalProjectsFundandTIDNo.5weredonationsmadeaspartofamendedTIDprojectplans.3.DetailNotesonTransactionClassesandAccountsContinuedD.RestrictedAssetsTheUtilityhasestablishedanequipmentreplacementaccounttobeusedforsignificantwastewatertreatmentmechanicalequipmentreplacementasrequiredbytheWisconsinDepartmentofNaturalresourcesasaconditiontoreceivingconstructiongrants.ThebalanceinthisaccountasofDecember312012was878639.AdditionallytheVillagehasestablishedreserveaccountsasrequiredbydebtcovenantsassociatedwithoutstandingmortgagerevenuebonds.Thebalanceofrestrictedassetsrelatedtothesedebtcovenantswas367352asofDecember312012.TheVillagehasreceivedimpactfeeswhichmustbespentinaccordancewiththelocalordinanceandstatestatutes.Anyunspentfundsmustberefundedtothecurrentpropertyowner.FollowingisalistofrestrictedassetsasofDecember312012LiabilitiesPayablefromRestrictedRestrictedRestrictedAssetsAssetsNetAssetsImpactfees120569-120569Equipmentreplacementaccount878639-878639Operationsandmaintenace2506124498246114Debtservice127071-127071TotalRestrictedAssets13768914498137239365 3.DetailNotesonTransactionClassesandAccountsContinuedE.CapitalAssetsCapitalassetactivityfortheyearendedDecember312012wasasfollowsGovernmentalActivitiesBeginningBalanceAdditionsDeletionsEndingBalanceCapitalassetsnotbeingdepreciatedamortizedLand1374908085887-13834967Intangibleassets-easements407071--407071Constructioninprogress37612--37612TotalCapitalAssetsNotBeingDepreciatedAmortized1419376385887-14279650CapitalassetsbeingdepreciatedBuildingsandimprovements2320938067662852123268521Equipmentandfurnishings40841332451771034704225840Infrastructure338953794839219416034285140TotalCapitalAssetsBeingDepreciated6118889279676020615161779501LessAccumulateddepreciationforBuildingandimprovements501752356512531245579524Equipmentandfurnishings2491164343549560832778630Infrastructure8455350700879528119103418TotalAccumulatedDepreciation15964037160955311201817461572NetCapitalAssetsBeingDepreciated452248558127939413344317929TotalGovernmentalActivitiesCapitalAssetsNetofAccumulatedDepreciation594186187269069413358597579GeneralGovernment67062PublicSafety200544PublicWorks1157804CommunityEnrichmentServices183400ConservationandDevelopment743TotalGovernmentalActivitiesDepreciationExpense160955366 3.DetailNotesonTransactionClassesandAccountsContinuedE.CapitalAssetsContinuedBusiness-typeActivitiesBeginningEndingWaterUtilityBalanceAdditionsDeletionsBalanceCapitalassetsnotbeingdepreciatedLand42533--42533Constructioninprogress-34731-34731TotalCapitalAssetsNotBeingDepreciated4253334731-77264CapitalassetsbeingdepreciatedPropertyandequipment199861675294725929320456346TotalCapitalAssetsbeingDepreciated199861675294725929320456346TotalCapitalAssets200287005642035929320533610LessaccumulateddepreciationforPropertyandequipment4966450434293592935341450TotalAccumulatedDepreciation4966450434293592935341450NetCapitalAssetsBeing1501971795179-15114896DepreciatedNetWaterUtilityAssets15062250129910-1519216067 3.DetailNotesonTransactionClassesandAccountsContinuedE.CapitalAssetsContinuedBusiness-typeActivitiesBeginningEndingWastewaterUtilityBalanceAdditionsDeletionsBalanceCapitalassetsnotbeingdepreciatedamortizedLand405939--405939Intangibleassets-easements13763720-14483Constructioninprogress35999461954791141468127TotalCapitalAssetsNotBeingDepreciatedAmortized779696620267911414488549CapitalassetsbeingdepreciatedPropertyandequipment247982709372845516425680390TotalCapitalAssets25577966155755196657826168939LessaccumulateddepreciationforPropertyandequipment94386846667745516410050294NetCapitalAssetsBeing15359586270510-15630096DepreciatedNetWastewaterUtilityAssets1613928289077791141416118645Business-typeActivitiesWaterUtility408793WastewaterUtility692274TotalBusiness-typeActivitiesDepreciationExpense1101067DepreciationexpensedoesnotagreetotheincreasesinaccumulateddepreciationfortheBusiness-typeactivitiesduetojointmetering.68 3.DetailNotesonTransactionClassesandAccountsContinuedF.Long-TermObligationsLong-termobligationsactivityfortheyearendedDecember312012wasasfollowsAmountsDueBeginningEndingWithinOneBalanceIncreasesDecreasesBalanceYearGovernmentalActivitiesBondsandNotesPayableGeneralobligationdebt3794067132800005062487361581842280526Unamortizedlossonrefundingbonds56610295634140945211299-Unamortizeddiscount140108212099647151670-Unamortizedpremium1938122581518163201464-Subtotal3793776529889725194916359966792280526OtherLiabilitiesCompensatedabsences22907731846322907731846349938Landfillpost-closureliability427954-55679372275-TotalOtherLiabilities65703131846328475669073849938TotalGovernmentalActivitiesLong-TermObligations3859479633074355479672366874172330464BeginningEndingDueWithinBalanceIncreasesDecreasesBalanceOneYearBusiness-typeActivitiesBondsandNotesPayableGeneralobligationdebt2302064-3127881989276199641Revenuebonds1370000-65000130500070000Unamortizedpremium14934-94513989-Sub-totals3686998-3787333308265269641OtherLiabilitiesCompensatedabsences3529981894352998189414916TotalBusiness-typeActivitiesLong-TermLiabilities372229781894414032339015928455769 3.DetailNotesonTransactionClassesandAccountsContinuedF.Long-TermObligationsContinuedInaccordancewithWisconsinStatutestotalgeneralobligationindebtednessoftheVillagemaynotexceedfivepercentoftotalequalizedvalueoftaxablepropertywithintheVillagesjurisdiction.ThedebtlimitasofDecember31201255921175.Totalgeneralobligationdebtoutstandingatyearendwas38147460.GeneralObligationDebtAllgeneralobligationnotesandbondspayablearebackedbythefullfaithandcreditoftheVillageandwillberetiredbyresourcesderivedfromvarioussourcesincludingpropertytaxleviesspecialassessmentsimpactfeesandtaxincrements.DateofMaturityInterestOriginalBalanceIssueDateRateIndebtedness12312012Bonds111200312120224.28106500010000061200412120245.9025250002450001215200412120143.25355000045000091200512120244.0184350008020000615200612120254.007995000545500061200712120173.80124000012400009820096120275.25801000077100009820096120273.95262500026250008320116120282.5-4.64955000495500097201112120172.0013850001235000517201212120221.491225000122500051720126120242.3920550002055000Notes91200512120143.6378500023500061200712120163.9067000036500012720103120203.40835000750000StateTrustFundLoans101200331520135.255450007483095200831520184.2511179008076301019201131520213.75600000600000TotalGeneralObligationDebt38147460Governmentaldebt36158184Business-typeactivitydebt-Water392393Business-typeactivitydebt-Wastewater1596883TotalGeneralObligationDebt3814746070 3.DetailNotesonTransactionClassesandAccountsContinuedF.Long-TermObligationsContinuedRevenueBondsWaterandWastewaterUtilityrevenuebondsarepayablesolelyfromrevenuesgeneratedbytheutility.AstatutorymortgagelienuponthewaterandseweragesystemandanyadditionsimprovementsandextensionstheretoiscreatedbySection66.0621oftheWisconsinStatutesasprovidedforintheresolutionsauthorizingthemortgagerevenuebondissues.TheearningsoftheWaterandWastewaterUtilityremainsubjecttothelienuntilpaymentinfulloftheprincipalandinterestonthebonds.TheWaterandWastewaterUtilityhaspledgedfuturerevenuesnetofspecifiedoperatingexpensestorepay1.55millioninrevenuebondsissuedin2007.ProceedsfromthebondsprovidedfinancingfortheWaterandWastewaterUtilities.Thebondsarepayablethrough2026.Annualprincipalandinterestpaymentsonthebondsareexpectedtorequire6ofnetrevenues.Thetotalprincipalandinterestremainingtobepaidonthebondsisapproximately1.74million.Principalandinterestpaidforthecurrentyearandtotalcustomernetrevenueswere122222and1.83millionrespectively.DetailsofrevenuebondsoutstandingarepresentedbelowDateofMaturityInterestOriginalBalanceIssueDateRateIndebtedness12312012RevenueBonds-Wastewater61200712120264.33961000809100RevenueBonds-Water61200712120264.33589000495900TotalBusiness-TypeActivities130500071 F.Long-TermObligationsContinuedDebtMaturitiesDebtservicerequirementstomaturityforlong-termdebtareasfollowsGovernmentalActivitiesYearPrincipalInterestTotal201322805261398503367902920142370815130167136724862015247012412160403686164201625533671137084369045120172368388104940834177962018-2022120494043933613159830172023-202711365560133381912699379202870000016100716100361581841138623847544422Business-typeActivitiesYearPrincipalInterestPrincipalInterestTotal2013199641578967000053971381508201421063851441.007500050471387550201522395145113.007500047471391535201623855038379.008000044471401400201725188031039.0085000412714091902018-202273017686955.0047000015323114403622023-20271344408326.0045000048221640987198927631914913050004391074052532TotalPrimaryGovernmentYearPrincipalInterestPrincipalInterestTotal20132480167145639970000539714060537201425814531353112750005047140600362015269407512611537500047471407769920162791917117546380000444714091851201726202681080447850004127138269862018-2022127795804020568470000153231174233792023-20271150000013421454500004822113340366202870000016100--7161003814746011705387130500043910751596954GeneralObligationDebtGeneralObligationDebtRevenueBondsGeneralObligationDebtRevenueBonds72 3.DetailNotesonTransactionClassesandAccountsContinuedF.Long-TermObligationsContinuedDebtIssuanceCostsGovernmentalActivitiesDebtissuancecostsarerecognizedasexpendituresintheyearinwhichtheyoccurinthefundfinancialstatementsbutdeferredandamortizedusingthestraight-linemethodoverthelifeofthedebtissueinthegovernment-widestatements.Deferredamountsarereportedintheassetsectionofthestatementofnetpositionsimilartoaprepaidexpense.Business-typeActivitiesDebtissuancecostsaredeferredandamortizedusingthestraight-linemethodoverthelifeofthedebtissueinboththefundstatementsandthegovernment-widestatements.Deferredamountsarereportedintheassetsectionsimilartoaprepaidexpenseinboththefundstatementsandthegovernment-widestatements.ActivityfortheyearendedDecember312012issummarizedasfollowsBeginningBalanceAdditionsAmortizationEndingBalanceGovernmentalActivities3477736382567238344360Business-TypeActivities36140-278833352AdvanceRefundingOnMay172012theVillageissued1225000ingeneralobligationcorporatepurposebondswithanaverageinterestrateof1.49topartiallyrefund900000ofoutstandinggeneralobligationcommunitydevelopmentbondswithanaverageinterestrateof4.28.Thenetproceedsof946420afterpaymentof30397inunderwritingfeesinsuranceandotherissuancecostsandadiscountof8208plusanadditional32195ofdebtservicefundmonieswereusedtopurchaseU.S.governmentsecurities.Thosesecuritiesweredepositedinanirrevocabletrustwithanescrowagenttoprovideforallfuturedebtservicepaymentsonthebonds.Asaresulttheyareconsideredtobedefeasedandtheliabilityforthosebondshasbeenremovedfromthesefinancialstatements.Thecashflowrequirementsontherefundedbondspriortotheadvancerefundingwas1358005from2012through2022.Thecashflowrequirementsonthe2012corporatebondsare1234088from2012through2022.Theadvancerefundingresultedinaneconomicgaindifferencebetweenthepresentvaluesofthedebtservicepaymentsontheoldandnewdebtof123917.OnMay172012theVillageissued2055000intaxablegeneralobligationcorporatepurposebondswithanaverageinterestrateof2.39topartiallyrefund1760000ofoutstandinggeneralobligationcommunitydevelopmentbondswithanaverageinterestrateof5.90.Thenetproceedsof1934386afterpaymentof33428inunderwritingfeesinsuranceandotherissuancecostsdiscountof13001andapremiumof25815plusanadditional76728ofdebtservicefundmonieswereusedtopurchaseU.S.governmentsecurities.Thosesecuritiesweredepositedinanirrevocabletrustwithanescrowagenttoprovideforallfuturedebtservicepaymentsonthebonds.Asaresulttheyareconsideredtobedefeasedandtheliabilityforthosebondshasbeenremovedfromthesefinancialstatements.73 3.DetailNotesonTransactionClassesandAccountsContinuedF.Long-TermObligationsContinuedAdvanceRefundingContinuedThecashflowrequirementsontherefundedbondspriortotheadvancerefundingwas3034205from2012through2024.Thecashflowrequirementsonthe2012corporatebondsare2718400from2012through2024.Theadvancerefundingresultedinaneconomicgaindifferencebetweenthepresentvaluesofthedebtservicepaymentsontheoldandnewdebtof315805.DefeasanceofDebtTheVillagedefeasedcertaingeneralobligationbondsbyplacingtheproceedsofnewbondsinanirrevocabletrusttoprovideforallfuturedebtservicepaymentsontheoldbonds.AccordinglythetrustaccountassetsandliabilityforthedefeasedbondsarenotincludedintheVillagesfinancialstatements.AtDecember3120122660000ofbondsoutstandingisconsidereddefeased.Thebondsarecallableonthefollowingdates.CallDateAmount12120139000006120141760000G.NetPositionandFundBalancesGovernment-wideFinancialStatementofNetPositionGovernmentalActivitiesGovernmentalActivitiesNetPositionconsistsofthefollowingNetInvestmentinCapitalAssetsLandandcontructioninprogress13872579IntangibleAssets407071Othercapitalassetsnetofaccumulateddepreciation44317929Lessrelatedlong-termdebtoutstandingnetofunspentproceedsandotherdebtadjustments35652319TotalNetInvestmentinCapitalAssets22945260RestrictedforDebtService6351RevolvingLoans731534Cemetary84390ParkandRecreationalFacilities4246TIDPurpose21926Unrestricted4432759TotalGovernmentalNetPosition2822646674 3.DetailNotesonTransactionClassesandAccountsContinuedG.NetPositionandFundBalancesContinuedGovernment-wideFinancialStatementNetPositionContinuedBusiness-typeActivitiesBusiness-typeactivitiesnetpositionconsistsofthefollowingNetInvestmentinCapitalAssetsLandandcontructioninprogress551330IntangibleAssets14483Othercapitalassetsnetofaccumulateddepreciation30744992Lessrelatedlong-termdebtoutstandingnetofunspentproceedsandotherdebtadjustments3147842TotalNetInvestmentinCapitalAssets28162963RestrictedforEqupmentReplacement878639DebtService127071OperationsandMaintenance246114Unrestricted3940640TotalBusiness-TypeNetPosition3335542775 3.DetailNotesonTransactionClassesandAccountsContinuedG.NetPositionandFundBalancesContinuedFundFinancialStatementsGovernmentalfundbalancesconsistofthefollowingNonspendableMajorFundsGeneralFundPrepaiditems84376Deliquentpersonalpropertytaxes6448CapitalProjectsFundAdvancestootherfunds216623Total307447NonmajorFundsSpecialRevenueFundsRecreation-prepaiditems49Library-prepaiditems8561Aquatics-prepaiditems150Total8760RestrictedMajorFundsDebtServiceFundDebtservice129424NonmajorFundsSpecialRevenueFundsRevolvingLoan731534ParkandRecreationFacilities4246CapitalProjectsFundsTIDNo.221926PermanentFundCemeteryPerpetualCare84390Total84209676 3.DetailNotesonTransactionClassesandAccountsContinuedG.NetPositionandFundBalancesContinuedFundFinancialStatementsContinuedCommittedNonmajorFundsSpecialRevenueFundsParkandOpenSpace39675WoodlawnCemeteryCap2897Recreation10934Library40255Enviromental360429RoomTax49279Total503469AssignedMajorFundsGeneralFundFundbalanceappliedtosubsequentyearsbudget412748CapitalProjectsFundCapitalimprovements1083362NonmajorFundsCapitalProjectsFundEquipment5079UnassignedDeficitMajorFundsGeneralFund2537741TIDNo.3400000NonmajorFundsSpecialRevenueFundsAquatics15077 4.OtherNotesA.EmployeePensionPlanAlleligiblevillageemployeesparticipateintheWisconsinRetirementSystemWRSacost-sharingmultiple-employerdefinedbenefitpublicemployeeretirementsystem.AllemployeesinitiallyemployedbyaparticipatingWRSemployerpriortoJuly12011expectedtoworkover600hoursayearandexpectedtobeemployedforatleastoneyearfromemployeesdateofhireareeligibletoparticipateintheWRS.AllemployeesinitiallyemployedbyaparticipatingWRSemployeronorafterJuly12011andexpectedtoworkatleast1200hoursayearandexpectedtobeemployedforatleastoneyearfromemployeesdateofhireareeligibletoparticipateintheWRS.PriortoJune292011coveredemployeesintheGeneralcategorywererequiredbystatutetocontribute6.5oftheirsalary3.9forExecutivesandElectedOfficials5.8forProtectiveOccupationswithSocialSecurityand4.8forProtectiveOccupationswithoutSocialSecuritytotheplan.Employerscouldmakethesecontributionstotheplanonbehalfofemployees.Employerswererequiredtocontributeanactuariallydeterminedamountnecessarytothefundtheremainingprojectedcostoffuturebenefits.EffectivethefirstdayofthefirstpayperiodonorafterJune292011theemployeerequiredcontributionwaschangetoone-halfoftheactuariallydeterminedcontributionrateforGeneralcategoryemployeesandExecutivesandElectedOfficials.Requiredcontributionsforprotectivecontributionsarethesameasgeneralemployees.Employersarerequiredtocontributetheremainderoftheactuariallydeterminedcontributionrate.Theemployermaynotpaytheemployeerequiredcontributionunlessprovidedforbyanexistingcollectivebargainingagreement.ContributionratesforDecember312012areEmployeeEmployerGeneral5.95.9ExecutivesandElectedOfficals7.057.05ProtectvewithSocialSecurity5.99.0ProtectivewithoutSocialSecurity5.911.3ThepayrollforvillageemployeescoveredbytheWRSfortheyearendedDecember312012was4568301theemployerstotalpayrollwas4625146.ThetotalrequiredcontributionfortheyearendedDecember312012was629138or13.8ofcoveredpayroll.Ofthisamount100wascontributedforthecurrentyear.TotalcontributionsfortheyearsendingDecember312011and2010were607250and585381respectivelyequaltotherequiredcontributionsforeachyear.Employeeswhoretireatorafterage6562forelectedofficialsand54forprotectiveoccupationemployeeswithlessthan25yearsofservice53forprotectiveoccupationemployeeswithmorethan25yearsofserviceareentitledtoreceivearetirementbenefit.Employeesmayretireatage5550forprotectiveoccupationemployeesandreceiveactuariallyreducedbenefits.Thefactorsinfluencingthebenefitare1finalaverageearnings2yearsofcreditableserviceand3aformulafactor.Finalaverageearningsistheaverageoftheemployeesthreehighestyearsearnings.Employeesterminatingcoveredemploymentandsubmittingapplicationbeforebecomingeligibleforaretirementbenefitmaywithdrawtheircontributionsandbydoingsoforfeitallrightstoanysubsequentbenefit.ForemployeesbeginningparticipationonorafterJanuary11990andnolongeractivelyemployedonorafterApril241998creditableserviceineachoffiveyearsisrequiredforeligibilityforaretirementannuity.Participantsemployedpriorto1990andonorafterApril241998andpriortoJuly12011areimmediatelyvested.ParticipantswhoinitiallybecameWRSeligibleonorafterJuly12011musthavefiveyearsofcreditableservicetobevested.TheSystemalsoprovidesdeathanddisabilitybenefitsforemployees.EligibilityforandtheamountofallbenefitsisdeterminedunderChapter40ofWisconsinStatutes.TheSystemissuesanannualfinancialreportwhichmaybeobtainedbywritingtotheDepartmentofEmployeeTrustFundsP.O.Box7931MadisonWI53707-7931.AsofDecember312012therewasnopensionrelateddebtfortheVillage.78 4.OtherNotesContinuedB.RiskManagementTheVillageisexposedtovariousrisksoflossrelatedtotortstheftofdamagetoordestructionofassetserrorsandomissionsworkerscompensationandhealthcareofitsemployees.Alloftheserisksarecoveredthroughthepurchaseofcommercialinsurancewithminimaldeductibles.Settledclaimshavenotexceededthecommercialcoverageinanyofthepastthreeyears.Therewerenosignificantreductionsincoveragecomparedtotheprioryear.C.CommitmentsandContingenciesEnvironmentalMattersIn1997theVillagewascontactedbytheTownofGraftonconcerningaclosednoncombustiblelandfillsitethatwasusedbytheVillageandtheTownwhereundergroundwatercontaminationwasdetected.In1998theTownofGraftonpaidforextensionofawatermaintoallpropertiesaffectedbythecontamination.TheVillageofGraftonWaterandWastewaterUtilitycontributedtowardstheprojecttocompensatetheTownforthecostofoverseeingthewatermainsandtovarytherouteoftheprojectinordertoaccommodatepotentialfuturedevelopmentthatmayoccurintheVillage.GroundwatersamplingwasperformedbytheTownduring1998-2001.AspartofanAdministrativeOrderissuedbytheWisconsinDepartmentofNaturalResourcestheTownhasinstalledorhasaccesstofourgroundwatermonitoringwellsandthreebedrockpiezometersinthearea.TheTowncontinuestheimplementationofalong-termgroundwatermonitoringplanandisevaluatingremedialactionoptions.Theestimatedannualmonitoringcostfornaturalattenuationisabout15000andtheestimatedannualcostforlandfillcapinspectionmaintenanceisabout9000.Thepresentvalueoftotaloperationandmaintenancecostsforthenextthirtyyearshasbeenestimatedat312641.Thisestimateissubjecttochangesfromdeflationinflationtechnologyorchangesinlawsandregulations.Thisamounthasbeenincludedinlong-termobligations.During2007theVillageundertooktheWestPlumeEnvironmentalProject.ThisconsistsofaplannedmonitoringprogramassociatedwithanaturalattenuationstrategyforacontaminatedgroundwaterplumeontheVillagessouthside.Theplumeoriginatesfromaprivatemanufacturingproperty.Thepresentvalueoftotaloperationandmaintenancecostsforthenext30yearshasbeenestimatedat59634.Thisestimateissubjecttochangesfromdeflationinflationtechnologyorchangesinlawsandregulations.Thisamounthasbeenincludedinlong-termobligations.OtherMattersFromtimetotimetheVillageispartytovariouspendingclaimsandlegalproceedings.AlthoughtheoutcomeofsuchmatterscannotbeforecastedwithcertaintyitistheopinionofmanagementandtheVillagesattorneythatthelikelihoodisremotethatanysuchclaimsorproceedingswillhaveamaterialadverseeffectontheVillagesfinancialpositionorresultsofoperations.TheVillagehasreceivedfederalandstategrantsforspecificpurposesthataresubjecttoreviewandauditbythegrantoragencies.Suchauditscouldleadtorequestsforreimbursementstothegrantoragencyforexpendituresdisallowedundertermsofthegrants.Managementbelievessuchdisallowanceifanywouldbeimmaterialtothefinancialstatements.79 4.OtherNotesContinuedD.TaxIncrementalDistrictsTheVillageofGraftonhasfourTaxIncrementalDistrictsTIDs.TaxincrementalfinancingasauthorizedbySection66.1105oftheWisconsinStatutesistoallowamunicipalitytorecoverdevelopmentandimprovementcostsinadesignatedareafromthepropertytaxesgeneratedontheincreasedvalueofthepropertyafterthecreationdateofthedistrict.Thetaxontheincreasedvalueiscalledataxincrement.TheTIDswereformedtoinstallpublicutilitiesandinfrastructureonunimprovedpropertytogetherwithsuchotherdevelopmentincentivesthatwillallowdevelopmenttotakeplace.TheStatutesspecifytheperiodoftimeaftercreationdateforaTIDtoincurprojectcostseligibleforfinancingfromtaxincrements.TheStatutesfurtherspecifytheperiodoftimetheTIDmaycollecttaxincrementstorepayprojectcostsincludingprincipalandinterestonlong-termdebtissuedbytheVillagetofinancesuchimprovements.Projectcostsuncollectedafterthefinaldissolutiondateareabsorbedbythemunicipality.ThefollowingisascheduleofthecreationdatelastdatetoincurprojectcostsandfinaldissolutiondatefortheTIDsLastDatetoFinalCreationIncurProjectDissolutionDateCostsDateTIDNo.2631996632014632019TIDNo.3531999532021532026TIDNo.4921200492120266212031TIDNo.5418200641820284182033TheVillagehasfinanceddevelopmentandpublicimprovementcostsinitsTIDsthroughtheissuanceofgeneralobligationlong-termdebt.Projectcostsarereportedprimarilyascapitalprojectsfundsexpenditures.Taxincrementsarereportedascapitalprojectsfundsrevenuesandwillbeusedtomeetmaturingdebtobligationsincurredtoprovidefinancingfordevelopmentandpublicimprovementcostswithinthetaxincrementaldistrict.ThedebtservicecostsattributabletotheTIDsaretransferredtotheDebtServiceFund.ThefollowingschedulesaresummariesofeachTIDsplannedandactualprojectactivitytodate.80 4.OtherNotesContinuedD.TaxIncrementalDistrictsContinuedTIDNo.2CumulativeProjectPlanProjectedRevenuesActivityEstimateTaxincrement31800923154141Intergovernmentalaids5791340000Investmentearnings268455-Otherrevenues68772-TotalProjectRevenues35752323194141ProjectedExpendituresCheyenneAvenue294599446000EastSideInterceptorSanitarySewer-Phase3269708178000EastSideInterceptorSanitarySewer-Phase410977382000BadgerCircle706060655000Enviromentalremediation11502250000Developmentincentives35600075000Economicdevelopment132645-Administration5272060000Organizationcosts996220000Interestandfiscalcharges10950601016982Debtissuancecosts40691411159TotalProjectExpenditures30787203194141ExcessofRevenuesOverExpenditures496512-OtherFinancingSourcesUsesDebtissuances25301801910000Repaymentofdebt21801801910000Transfersfromotherfunds423353-Transferstootherfunds1247939-FundBalance21926-81 4.OtherNotesContinuedD.TaxIncrementalDistrictsContinuedTIDNo.3CumulativeProjectPlanProjectedRevenuesActivityEstimateTaxincrement40499059389000Intergovernmentalaids64254-Investmentearnings763320-Otherrevenues10057082262000TotalProjectRevenues588318711651000ProjectedExpendituresStreetreconstruction1766681507000Parkingimprovements677467915000Streetscapeimprovements39141851976000Redevelopmentprojects3824801307000Plannedcapitalimprovement3001164250000Propertyacquistion3972848-Developerincentives3412541-Administration12106273050000Interestandfiscalcharges60170175309000Lossondebtrefinancing33140-Debtissuancecosts254109-TotalProjectExpenditures2305224614314000ExcessofExpendituresoverRevenues171690592663000OtherFinancingSourcesUsesDebtissuances177860006959000Repaymentofdebt26330006959000Premiumsondebtissuances62878-Transfersfromotherfunds1553181-FundBalance400000266300082 4.OtherNotesContinuedD.TaxIncrementalDistrictsContinuedTIDNo.4CumulativeProjectPlanProjectedRevenuesActivityEstimateTaxincrement159023013807370Intergovernmentalaids85227-Developercontributions39189-Investmentearnings257018-Otherrevenues366107-TotalProjectRevenues233777113807370ProjectedExpendituresRedevelopmentprojects45771978799000Developerincentives4757521-Administration435501-Interestandfiscalcharges11710294832390Debtissuancecosts79837175980TotalProjectExpenditures1102108513807370ExcessofExpendituresoverRevenues8683314-OtherFinancingSourcesUsesDebtissuances101050008799000Repaymentofdebt16734808799000Premiumsondebtissuances30278-Transfersfromotherfunds221516-FundBalance--83 4.OtherNotesContinuedD.TaxIncrementalDistrictsContinuedTIDNo.5CumulativeProjectPlanProjectedRevenuesActivityEstimateTaxincrement30310059389000Intergovernmentalaids216760-Developercontributions111876-Investmentearnings193776-TotalProjectRevenues35534179389000ProjectedExpendituresRedevelopmentprojects38377231507000Developerincentives528035915000Administration1153731976000Interestandfiscalcharges7242161307000Debtissuancecosts57247250000TotalProjectExpenditures52625945955000ExcessofExpendituresoverRevenues17091773434000OtherFinancingSourcesUsesDebtissuances46000006959000Repaymentofdebt24752926959000Premiumsondebtissuances13168-Transfersfromotherfunds428699-FundBalance-3434000E.AgreementswiththeTownofGraftonIn1997theVillageenteredintoanagreementwiththeTownofGraftonwherebytheVillagewouldincur2000000ofmunicipalbondstofinancetheconstructionofanewfirestation.TheTownagreedtoshareintheannualdebtservicepayments.ThedebtwillbesharedbyallocatingonanannualbasistheamountdueeachyearfromtheTowntotheVillagebydeterminingtheproportionthateachmunicipalitystaxbasefortheyearprecedingtheyearinwhichthepaymentisduebearstothetotalpropertytaxbaseofthetwomunicipalitiescombinedforthesameyear.Propertylocatedwithinataxincrementalfinancingdistrictistobeexcludedfromthetaxablepropertybasefiguresusedtocalculatetheproportions.InJanuaryof2000theVillageenteredintoanagreementwiththeTownofGraftontofinanceimprovementstothelibrarybuildingownedbytheVillageofGrafton.TheVillageofGraftonandtheTownofGraftonhadpreviouslyenteredintoanagreementestablishingajointlibraryboardunderWis.Stats.66.30and43.56forthepurposeofoperatingthelibrary.84 4.OtherNotesContinuedE.AgreementswiththeTownofGraftonContinuedThejointlibraryboardapprovedimprovementstothelibraryfacilityofapproximately600000withapproximately150000estimatedtocomefromprivatedonationsandthebalanceplusissuancecoststobefinancedbytheVillageofGraftonfromtheissuanceofgeneralobligationdebt.TheVillageandtheTownhaveagreedtosharetheexpenseofthedebtserviceincurredasaresultofsaidborrowingplusthecostsassociatedwiththeissuanceoftheborrowing.TheamountduefromtheTowntotheVillageshallbecalculatedonanannualbasisbydeterminingtheproportionthateachmunicipalityscitizensuseofthelibraryintheyearprecedingtheyearinwhichpaymentshallbeduebearstothetotallibraryusageforthesameyear.Thedebtisanticipatedtoberepaidoveratwelve-yearperiod.TheVillageretainsownershipofthelandandbuildingbutexcludesthefixturesandinteriorimprovementsofthelibrarywhichareunderthecontrolandcustodyofthejointlibraryboard.IntheeventthelibrarybuildingissoldthenetproceedsfromthesaleattributabletothechildrensareashallbedistributedtotheVillageandTownaccordingtoaformulaestablishedintheagreement.F.JointVenturesVariousareacommunitiesjointlyoperatetheMid-MoraineMunicipalCourtCourtwhichprovidesmunicipalcourtservices.ThecommunitiesshareintheannualoperationoftheCourtproportionatetotheindividualmunicipalitiesannualcaseloadasfollowsMunicipalitiesPercentageVillageofGrafton9.06CityofWestBend28.02VillageofGermantown10.85CityofHartford13.29VillageofKewaskum2.79VillageofSlinger4.22VillageofJackson5.63CityofPortWashington8.53VillageofSaukville5.46CityofCedarburg5.69TownofHartford0.69TownofTrenton3.38VillageofNewburg1.05VillageofFredonia1.34TheVillagereceived93619infinerevenuesfromtheMid-MoraineMunicipalCourtduring2012.85 4.OtherNotesContinuedF.JointVenturesContinuedThegoverningbodyoftheCourtismadeupofrepresentativesfromeachcommunity.Localrepresentativesareappointedbythepresidentorchairmanofthemembermunicipality.Thegoverningbodyhasauthoritytoadoptitsownbudgetandcontrolthefinancialaffairsofthedistrict.Costsincurredforeachmunicipalityareoffsetbyamountscollectedforeachmunicipality.Anyexcessordeficiencyispaidtoorreceivedfromthemunicipality.TheCourtisstructuredtochargethecommunitiesforallofthecourtsexpendituresandpaythecommunitiesforthecourtrevenuescollected.Thereforethecourtdoesnotaccumulatefundbalance.TheVillagedoesnotreportanequityinterestinthisjointventure.FinancialinformationoftheCourtasofDecember312012isavailabledirectlyfromtheCourt.G.ImpactFeesTheVillagecollectsimpactfeesforthepurposeofprovidingfortheconstructionexpansionandimprovementofVillageparks.ThefeesarecollectedandrecordedasrevenueintheParkandRecreationalFacilitiesFund.Thecashcollectionsareheldinaninterest-bearingbankaccount.Totalcollectionsfor2012were12790.ThebalanceinthefundasofDecember312012is4246.TheVillagealsocollectsimpactfeesfortheretirementofdebtincurredtoconstructandimprovethefirestationthepolicefacilitythepublicworksfacilityandthelibrary.Thesefeesarecollectedandrecordedasrevenueintheimpactfeedebtservicefund.Thecashcollectionswereheldinaninterestbearingaccount.Totalcollectionsfor2012were55664.ThefundbalanceasofDecember312012is0.H.LeasesasLessorTheVillagehasenteredintoseveralleaseagreementswithtelecommunicationscompanieswhereintheVillagehasagreedtoallowtheuseofWaterandWastewaterUtilitypropertyforthepurposeoftelecommunicationrelays.Revenuefromthisactivitytotaled90741fortheyearendedDecember312012.FutureminimumleasepaymentsreceivableinconjunctionwiththeseleasesareasfollowsYearAmount2013975942014100053201510260920161052682017108033Total513557I.EffectofNewAccountingStandardsonCurrent-PeriodFinancialStatementsTheGovernmentalAccountingStandardsBoardGASBhasapprovedGASBStatementNo.61TheFinancialReportingEntityOmnibusStatementNo.65ItemsPreviouslyReportedasAssetsandLiabilitiesStatementNo.66TechnicalCorrections-2012-anamendmentofGASBStatementsNo.10andNo.62StatementNo.67FinancialReportingforPensionPlans-anamendmentofGASBStatementNo.25andStatementNo.68AccountingandFinancialReporting86 forPensions-anamendmentofGASBStatementNo.27.Applicationofthesestandardsmayrestateportionsofthesefinancialstatements.4.OtherNotesContinuedJ.SubsequentEventsEffectiveJanuary12013theVillageofGraftontookcontrolofGraftonVolunteerFireDepartmentInc.toprovidetheVillageofGraftonandTownofGraftonfirefightingandparamedicservices.Approximately60membersbecameVillageofGraftonemployees.Payrollforfirefightersisdeterminedbycallsrespondedtoandtrainingsessionsattendedandarepaidquarterly.Paramedicpayrollisdeterminedbyshiftsworkedandispaidbi-weekly.TheTownofGraftoncontractswiththeVillageofGraftonfortheseservices.TheVillageofGraftoncontractswiththeCityofPortWashingtonandVillageofThiensvilleforparamedicservicesdependentuponVillagestaffingandlevelofservicesrequiredforthecall.87 REQUIREDSUPPLEMENTARYINFORMATION88 OzaukeeCountyWisconsinScheduleofRevenuesExpendituresandChangesinFundBalances-BudgetandActual-GeneralFundFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesPropertytaxes5443754544375454437551Paymentsinlieuoftaxes13649013649019547958989Interestandpenaltiesondelinquenttaxes2100021000255334533Intergovernmental12878061287806131978231976Licensesandpermits301135301135418053116918Finesandforfeitures13761013761012370913901Publicchargesforservices44643444643453755791123Intergovernmentalchargesforservices720897208911488342794Investmentearnings85000850003273552265Other58505585057517516670TotalRevenues798982379898238286661296838ExpendituresGeneralGovernment10120361034087100854225545PublicSafety403786540378653836716201149PublicWorks27454022682253265657525678CommunityEnrichmentServices464294505392505392-ConservationandDevelopment15097215097213905511917TotalExpenditures841056984105698146280264289ExcessofRevenuesOverUnderExpenditures420746420746140381561127OtherFinancingSourcesUsesProceedsfromsalesofcapitalassets300030001082892Transfersin270677270677270389288Transfersout80155801556167318482TotalOtherFinancingUses19352219352220882415302NetChangeinFundBalance227224227224349205576429FUNDBALANCE-BEGINNINGOFYEAR2692108FUNDBALANCE-ENDOFYEAR3041313VILLAGEOFGRAFTON89 NOTE1BUDGETARYINFORMATIONBudgetaryinformationisderivedfromtheannualoperatingbudgetandispresentedusingthesamebasisofaccountingforeachfundasdescribedinNote1.C.90 SUPPLEMENTARYINFORMATION91 VILLAGEOFGRAFTONOzaukeeCountyWisconsinCombiningBalanceSheet-NonmajorGovernmentalFundsAsofDecember312012ParkandWoodlawnParkandOpenRevolvingCemeteryRecreationalSpaceLoanCapitalFacilitiesRecreationLibraryEnvironmentalAquaticsAssetsCashandinvestments3967523291428971003001103566504367900538Restrictedcashandinvestments--------ReceivablesTaxes30000---457830--Accounts-5196-39--89Specialassessments--------Loans-493424------Pledges19597-------Prepaiditems----498561-150TotalAssets89272731534289710030011123532895367900777LiabilitiesandFundBalanceLiabilitiesAccountsaableandotheraccruedliabilitie----140262497471777Deferredrevenues49597----457830--Duetootherfunds--------Advancesfromothergovernmentalfunds---96054----TotalLiabilities49597--960541404840797471777FundBalancesDeficitsNonspendable----498561-150Restricted-731534-4246----Committed39675-2897-1093440255360429-Assigned--------Unassigned-------150TotalFundBalances39675731534289742461098348816360429-TotalLiabilitiesandFundBalances89272731534289710030011123532895367900777SpecialRevenueFunds92 DebtServicePermanentFundCapitalProjectsFundsFundCemeteryTotalFireDepartmentRoomImpactPerpetualNonmajorFundTaxFeesTIDNo.2TIDNo.4TIDNo.5EquipmentCareFunds-4713--5442-1433884390930646--120569-----120569490445--224094220047813716242320-2478452-44566------49890--220648----220648--------493424--------19597--------876049044549279120569444742225489813716256658843904321986---1315442-9259-49469490445--422677220047813716242320-2696632---8----8--120569-----216623490445-120569422816225489813716251579-2962732--------8760---21926---84390842096-49279------503469------5079-5079--------150-49279---21926---5079-84390-135925449044549279120569444742225489813716256658843904321986SpecialRevenueFund93 VILLAGEOFGRAFTONOzaukeeCountyWisconsinCombiningStatementofRevenuesExpendituresandChangesinFundBalances-NonmaorGovernmentalFundsFortheYearEndedDecember312012SecialRevenueFundsParkandWoodlawnParkandOpenRevolvingCemeteryRecreationalSpaceLoanCapitalFacilitiesRecreationLibraryEnvironmentalAquaticsRevenuesTaxes30000----457830--Specialassessments--------Intergovernmental-----181361--Donations25000-------Publicchargesforservices--4500-4768218882-85182Impactfees---12790----Investmentincome11516838189-2353012-Miscellaneous-2500---790--TotalRevenues551151933845181279947682659098301285182ExpendituresCurrentGeneralGovernment--------PublicWorks--------CommunityEnrichmentServices---2903239362640832-146855ConservationandDevelopment-4946----42375-Capitaloutlay28553-11250-----DebtserviceInterestandfiscalcharges--------TotalExpenditures28553494611250290323936264083242375146855ExcessDeficitofRevenuesOverUnderExpenditures26562143926732162338320182663936361673OtherFinancingSourcesUsesProceedsfromsaleofcapitalassets--------Transfersin---121054---61673Transfersout25000--104476-454275000-Generalobligationdebtissued--------Bondpremiumsondebtissued--------Bonddiscountsondebtissued--------TotalOtherFinancingSourcesUses25000--16578-45427500061673NetChangeinFundBalance1562143926732345832013724114363-FUNDBALANCE-BEGINNINGOFYEAR3811371714296293901266335092474792-FUNDBALANCE-ENDOFYEAR39675731534289742461098348816360429-94 DebtServicePermanentFundCapitalProjectsFundsFundCemeteryTotalFireDepartmentRoomImpactPerpetualNonmajorunaxeeso.o.o.qupmentareuns-199254-216397311290820524240364-2275659---22065----22065---318611811273461213-224917--------25000--------156246--55664-----68454--22771307139731218723223-2900-935014441--395033931-2021545568625176933784984926724188941372829495-23245-7411956325562--65781---17762----17762--------856081-26426-1006182857810460--213403---2171735779-316179-578934---5468----5468-49671-3484324392036022316179-1737429-15248355686966632939298132457429041371092066------13850-13850--120569-197579---500875-1242502678783649996138531153045-1872733230---350000----350000---1256----1256---2308----2308-124250147309160514162741153045138501871869557-2823391623112714122345339800604403950777491-210469162313464012234533980065519804402136745-49279-21926--5079843901359254SpecialRevenueFund95 OzaukeeCountyWisconsinBudgetaryComparisonScheduleGeneralFundFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetTaxesGeneralpropertytaxes5443754544375454437551Paymentsinlieuoftaxes13649013649019547958989Interestandpenaltiesondelinquenttaxes2100021000255334533TotalTaxes56012445601244566476763523IntergovernmentalRevenuesSharedrevenues43853243853243859664Fireinsurancedues3509935099384773378Generalhighwayaids675845675845675355490Computeraid60180601808953729357Policetraining396039603360600Connectingstreets50071500715004031Recycling24119241192414324Other-state--274274TotalIntergovernmentalRevenues12878061287806131978231976LicensesandPermitsTrainingsLiquorandmaltbeverage155501555014624926Operators650065006010490Cigarette1000100095842Bicycle1001004060Dogandcat210021002302202Amusementdevice17851785181025Businessandoccupational600060005655345PermitsBuilding800008000015506875068Electrical11000110002331212312Plumbing1100011000175756575Other60060062929Landusefees8000800034384562Cabletelevision15000015000017613226132Streetopening2000200052003200Signs550055005300200TotalLicensesandPermits301135301135418053116918VILLAGEOFGRAFTON96 OzaukeeCountyWisconsinBudgetaryComparisonScheduleGeneralFundFortheYearEndedDecember312012VILLAGEOFGRAFTONBudgetedAmountsVariancewithOriginalFinalActualFinalBudgetFinesandForfeituresCourtfines1050001050009361911381Othermunicipalcourt1610161071925582Parkingviolations3000030000216808320Miscellaneousforfeitures100010001218218TotalFinesandForfeitures13761013761012370913901PublicChargesforServicesRecyclingfees11114911114913391622767Propertyinquiryfees165716572110453Weightsandmeasures56005600110485448Assessingrecordsmaintenance1000010000123212321Licensepublicationfees6262602DPWmaterialssold100100616516Weedcutting2752751134859Parkfees1600016000206314631Planningcharges85000850006849316507Copyfees9509501844894Miscellaneouscharges18964118964122520835567Seniorrecreationfees110001100083572643EngineeringInspectionfees15000150005181936819TotalPublicChargesforServices44643444643453755791123IntergovernmentalChargesforServicesSchooldistrictcrossingguard2045420454218261372Inspectionservices--4142241422Firedepartmentshareofphone423334233342333-Firedepartmentshareofworkerscompensation930293029302-TotalIntergovernmentalChargesforServices720897208911488342794InvestmentEarnings85000850003273552265OtherRevenuesMiscellaneousgeneralrevenue4000400090025002Donations1500150062544754Rent2180021800252423442Recycling3120531205346773472TotalOtherRevenues58505585057517516670TotalRevenues798982379898238286661296838Continued97 OzaukeeCountyWisconsinBudgetaryComparisonScheduleGeneralFundFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetGeneralGovernmentVillageBoard400434004339281762Legal2500025000284773477Administration2309302309302269313999Clerk1664561664561635192937Elections36425364254900912584Finance3221283389753389761Assessing8342883428782415187Villagehallexpenses4454244542412663276OtherGeneralGovernment330303823438127107TotalGeneralGovernment98198210040331003827206PublicSafetyPoliceadministration52041352041349969920714Policeoperations236406923640692221824142245Trainings39805839805836295735101Policebuilding7556775567732712296Fireprotection2909052909052955574652Inspection1788531788531734085445OtherAdministration210000210000210000-TotalPublicSafety403786540378653836716201149VillageofGrafton98 OzaukeeCountyWisconsinBudgetaryComparisonScheduleGeneralFundFortheYearEndedDecember312012VillageofGraftonContinuedBudgetedAmountsVariancewithOriginalFinalActualFinalBudgetPublicWorksPublicworksadministration2061722061722023153857Engineering1919111919111837278184Streetmaintenance94001894001897661536597Streetcleaning4273642736411051631Snowremoval18496514710313395713146Forestry55719557198093825219Trafficcontrol2535325353286523299Stormwatermanagement70783613774940411973Bridgesanddams265026502531119Equipmentmaintenance29723428574126175123990Garageandbuilding1023801023809162910751Recycling62548162109360395117142TotalPublicWorks27454022682253265657525678CommunityEnrichmentServicesAdultseniorservices9975899758970802678Parksandplaygrounds1426501837481862702522Communityactivitiesadministration2141362141362123041832Cemetery7750775097381988TotalCommunityEnrichmentServices464294505392505392-ConservationandDevelopmentCommunitydevelopment15097215097213905511917TotalConservationandDevelopment15097215097213905511917Contingency3005430054471525339TotalExpenditures84105698410569814628026428999 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualDebtServiceFundFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesTaxes690457690457690457-Intergovernmentalrevenues9985998549934992Investmentincome7500750029174583TotalRevenues7079427079426983679575ExpendituresDebtServicePrincipalretirement254838925483892072758475631Interestandfiscalcharges167360316736031890334216731TotalExpenditures422199242219923963092258900ExcessDeficitofRevenuesOverUnderExpenditures351405035140503264725249325OtherFinancingSourcesUsesTransfersIn335196433519643136622215342Paymenttorefundedbondescrowagent--29897292989729Generalobligationdebtissued--29300002930000Bondpremiumsondebtissued--2455924559Bonddiscountsondebtissued--1890118901Totalotherfinancingsources335196433519643082551269413NetChangeinFundBalance16208616208618217420088FUNDBALANCE-BEGINNINGOFYEAR311598FUNDBALANCE-ENDOFYEAR129424VILLAGEOFGRAFTON100 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualCapitalProjectsFundFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesTaxesPropertytaxes265930265930265930-Intergovernmentalrevenues21348121348118648127000Specialassessments1260112601151712570Publicchargesforservices10200102001027575Investmentincome1060171060173320872809TotalRevenues60822960822951106597164ExpendituresCapitaloutlay4494144494144517102296ExcessDeficitofRevenuesOverUnderExpenditures1588151588155935599460OtherFinancingSourcesUsesTransfersin2251822518250002482Transfersout335869335869472715136846TotalOtherFinancingSourcesUses313351313351447715134364NetChangeinFundBalance154536154536388360233824FUNDBALANCE-BEGINNINGOFYEAR1688345FUNDBALANCE-ENDOFYEAR1299985VILLAGEOFGRAFTON101 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualTaxIncrementalFinancingDistrictNo.3FortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesTaxes61794761794760143316514Intergovernmentalrevenues2877002877002759284941Donations200020001501850Investmentincome250002500024542458Miscellaneousincome9591695916994785969Totalrevenues10285631028563638831389732ExpendituresCurrentGeneralGovernment5300053000487134287ConservationandDevelopment169606016960601545131541547Capitaloutlay1030600103060040540990060DebtserviceInterestandfiscalcharges2000020000-20000TotalExpenditures279966027996602437662555894ExcessDeficitofRevenuesOverUnderExpenditures177109717710973950652166162OtherFinancingSourcesUsesTransfersin6982186982186915066712Transfersout128212112821211086571195550Debtissued23550002355000-2355000TotalOtherFinancingSourcesUses177109717710973950652166162NetChangeinFundBalance----FUNDBALANCEDEFICIT-BEGINNINGOFYEAR400000FUNDBALANCEDEFICIT-ENDOFYEAR400000VILLAGEOFGRAFTON102 OzaukeeCountyWisconsinScheduleofOperatingRevenuesandExpenses-WaterUtilityFortheYearEndedDecember312012OperatingRevenuesSalesofWaterMeteredSalesResidential894529Commercial252153Industrial75096Publicauthorities19180BulkSales3895TotalMeteredSales1244853Privatefireprotection37228Publicfireprotection329681TotalSalesofWater1611762OtherOperatingRevenuesCustomerforfeiteddiscounts8094Otherwaterrevenues107342TotalOperatingRevenues1727198OperatingExpensesSourceofSupplyExpensesOperationlabor4191Maintenance244TotalPumpingExpenses4435PumpingExpensesOperationlabor41848Powerpurchasedforpumping82861Supplies6217Maintenance19890TotalPumpingExpenses150816WaterTreatmentExpensesOperationlabor16643Chemicals30161Operationsupplies682Maintenance10047TotalWaterTreatmentExpenses57533VILLAGEOFGRAFTON103 OzaukeeCountyWisconsinScheduleofOperatingRevenuesandExpenses-WaterUtilityFortheYearEndedDecember312012VILLAGEOFGRAFTONOperatingExpensesContinuedTransmissionandDistributionOperationsupplies142908MaintenanceReservoirs38950Mains17704Services3221Meters3009Hydrants1388TotalTransmissionandDistribution207180CustomerAccountsMeterreadinglabor3998Accountingandcollectinglabor4934Supplies4156TotalCustomerAccounts13088AdministrativeandGeneralSalaries88768Outsideservices124033Officesuppliesandexpenses8344Propertyinsurance8677Injuriesanddamages7923Employeepensionsandbenefits85219Maintenance4361Miscellaneous20924TotalAdministrativeandGeneral348249TotalOperationandMaintenance781301OtherOperatingExpensesDepreciation408793Taxes17574TotalOtherOperatingExpenses426367TotalOperatingExpenses1207668OPERATINGINCOME519530Continued104 OzaukeeCountyWisconsinScheduleofOperatingRevenuesandExpenses-WastewaterUtilityFortheYearEndedDecember312012OperatingRevenuesResidential1234705Commercial467389Industrial107363Publicauthorities25015Other85910SubtotalOperatingRevenues1920382OtherOperatingRevenuesCustomerforfeiteddiscounts11844Othersewerrevenues24716TotalOperatingRevenues1956942OperatingExpensesOperationSupervisionandlabor137520Operationsupplies5614Powerandfuelforpumping34571Treatmentchemicals24993Powerfuelandsludgehauling223352Transportation14574TotalOperation440624MaintenanceMeters8002Sewagecollectionsystem37289Pumpingequipment68038Treatmentequipment65192Generalplant77125TotalMaintenance255646CustomerAccountsBillingcollectingandaccounting8331Meterreading2480TotalCustomerAccounts10811VILLAGEOFGRAFTON105 OzaukeeCountyWisconsinScheduleofOperatingRevenuesandExpenses-WastewaterUtilityFortheYearEndedDecember312012VILLAGEOFGRAFTONContinuedOperatingExpensesContinuedGeneralSalaries68985Officesupplies8311Outsideservicesemployed114655Insurance20634Employeepensionsandbenefits120372Miscellaneous9689TotalGeneral342646TotalOperationandMaintenance1049727OtherOperatingExpensesDepreciation692275Taxes24829TotalOtherOperatingExpenses717104TotalOperatingExpenses1766831OPERATINGINCOME190111106 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualParkandOpenSpaceFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesTaxes300003000030000-Donations2251822518250002482Investmentincome275275115160TotalRevenues5279352793551152322ExpendituresCapitaloutlay3000030000285531447ExcessofRevenuesOverUnderExpenditures2279322793265623769OtherFinancingUsesTransfersout2251822518250002482NetChangeinFundBalance27527515621287FUNDBALANCE-BeginningofYear38113FUNDBALANCE-ENDOFYEAR39675VILLAGEOFGRAFTON107 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualRevolvingLoanFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesInvestmentincome1933719337168382499Miscellaneousincome--25002500TotalRevenues1933719337193381ExpendituresCurrentConservationandDevelopment550055004946554NetChangeinFundBalance138371383714392555FUNDBALANCE-BeginningofYear717142FUNDBALANCE-ENDOFYEAR731534VILLAGEOFGRAFTON108 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualWoodlawnCemeteryCapitalFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesPublicchargesforservices60060045003900Investmentincome55551837TotalRevenues65565545183863ExpendituresCapitaloutlay--1125011250ExcessDeficitofRevenuesOverExpenditures65565567327387FUNDBALANCE-BeginningofYear9629FUNDBALANCE-ENDOFYEAR2897VILLAGEOFGRAFTON109 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualParkandRecreationalFacilitiesFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesImpactfees23122823122812790218438Investmentincome1891899180Miscellaneousincome2727-27TotalRevenues23144423144412799218645ExpendituresCurrentCommunityEnrichmentServices--2903229032ExcessDeficitofRevenuesOverUnderExpenditures23144423144416233247677OtherFinancingUsesTransfersin--121054121054Transfersout104476104476104476-NetChangeinFundBalance126968126968345126623FUNDBALANCE-BeginningofYear3901FUNDBALANCE-ENDOFYEAR4246VILLAGEOFGRAFTON110 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualRecreationFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesPublicchargesforservices4300043000476824682ExpendituresCurrentCommunityEnrichmentServices4441944419393625057ExcessDeficitofRevenuesUnderExpenditures1419141983209739OtherFinancingSourcesTransfersIn498498-498NetChangeinFundBalance92192183209241FUNDBALANCE-BeginningofYear2663FUNDBALANCE-ENDOFYEAR10983VILLAGEOFGRAFTON111 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualLibraryFortheYearEndedDecember312012VariancewithOriginalFinalActualFinalBudgetRevenuesTaxes457830457830457830-Intergovernmentalrevenues1769801769801813614381Publicchargesforservices2080020800188821918Investmentincome--235235Miscellaneousincome--790790TotalRevenues6556106556106590983488ExpendituresCurrentCommunityEnrichmentServices65517765517764083214345Capitaloutlay50005000-5000Totalexpenditures66017766017764083219345ExcessDeficitofRevenuesUnderExpenditures456745671826622833OtherFinancingUsesTransfersout454245424542-NetChangeinFundBalance910991091372422833FUNDBALANCE-BeginningofYear35092FUNDBALANCE-ENDOFYEAR48816VILLAGEOFGRAFTONBudgetedAmounts112 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualEnvironmentalFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesInvestmentincome1425014250301211238ExpendituresCurrentConservationandDevelopment74000740004237531625ExcessDeficitofRevenuesOverUnderExpenditures59750597503936320387OtherFinancingUsesTransfersout750007500075000-NetChangeinFundBalance13475013475011436320387FUNDBALANCE-BeginningofYear474792FUNDBALANCE-ENDOFYEAR360429VILLAGEOFGRAFTON113 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualAquaticsFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesPublicchargesforservices845008450085182682ExpendituresCurrentCommunityEnrichmentServices15736815736814685510513ExcessDeficitofRevenuesOverUnderExpenditures72868728686167311195OtherFinancingSourcesTransfersin72868728686167311195NetChangeinFundBalance----FUNDBALANCE-BeginningofYear-FUNDBALANCE-ENDOFYEAR-VILLAGEOFGRAFTON114 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualRoomTaxFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesTaxes17500017500019925424254Miscellaneousincome--29002900TotalRevenues17500017500020215427154ExpendituresCurrentGeneralgovernment35750357502324512505Conservationanddevelopment2500025000264261426Totalexpenditures60750607504967111079ExcessofRevenuesUnderExpenditures11425011425015248338233OtherFinancingUsesTransfersout124250124250124250-NetChangeinFundBalance10000100002823338233FUNDBALANCE-BeginningofYear21046FUNDBALANCE-ENDOFYEAR49279VILLAGEOFGRAFTON115 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualImpactFeesFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesImpactfees16822716822755664112563Investmentincome77277222750TotalRevenues16899916899955686113313OtherFinancingUsesTransfersin--120569120569Transfersout26782826782826787850TotalOtherFinancingSourcesUses267828267828147309120519NetChangeinFundBalance9882998829916237206FUNDBALANCE-BeginningofYear91623FUNDBALANCE-ENDOFYEAR-VILLAGEOFGRAFTON116 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualTaxIncrementalFinancingDistrictNo.2FortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesTaxes2223282223282163975931Specialassessments--2206522065Intergovernmentalrevenues1929192931861257Investmentincome180018007711029Miscellaneousincome946694669350116TotalRevenues23552323552325176916246ExpendituresCurrentGeneralGovernment4350435074113061PublicWorks450045001776213262ConservationandDevelopment-63510061899983Capitaloutlay--217173217173DebtserviceInterestandfiscalcharges--54685468TotalExpenditures88509485348432338947ExcessDeficitofRevenuesOverExpenditures22667322603896663322701OtherFinancingUsesTransfersout34125634125636499923743Bondsandnotesissued--350000350000Bondpremiums--12561256Bonddiscounts--23082308TotalOtherFinancingSourcesUses34125634125616051325205NetChangeinFundBalance1145831152181127142504FUNDBALANCE-BeginningofYear134640FUNDBALANCE-ENDOFYEAR21926VILLAGEOFGRAFTON117 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualTaxIncrementalFinancingDistrictNo.4FortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesTaxes3198373198373112908547Intergovernmentalrevenues1900019000118117189Investmentincome500500307193Miscellaneousincome31677931677914441302338TotalRevenues656116656116337849318267ExpendituresCurrentGeneralGovernment132501325095633687ConservationandDevelopment87560875602857858982Capitaloutlay8000800057792221TotalExpenditures1088101088104392064890ExcessDeficitofRevenuesUnderExpenditures547306547306293929253377OtherFinancingSourcesUsesTransfersin6654766547197579131032Transfersout613853613853613853-TotalOtherFinancingSourcesUses547306547306416274131032NetChangeinFundBalance--122345122345FUNDBALANCE-BeginningofYear122345FUNDBALANCE-ENDOFYEAR-VILLAGEOFGRAFTON118 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualTaxIncrementalFinancingDistrictNo.5FortheYearEndedDecember312012BudgetedAmountsActualVariancewithOriginalFinalAmountsFinalBudgetRevenuesTaxes84305584305582052422531Intergovernmentalrevenues13265132652734614081Investmentincome150015001397103TotalRevenues8578208578208492678553ExpendituresCurrentGeneralGovernment885088502556216712ConservationandDevelopment1500015000104604540TotalExpenditures23850238503602212172ExcessofRevenuesOverExpenditures83397083397081324520725OtherFinancingUsesTransfersout1147855114785511530455190NetChangeinFundBalance31388531388533980025915FUNDBALANCE-BeginningofYear339800FUNDBALANCE-ENDOFYEAR-VILLAGEOFGRAFTON119 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualEquipmentFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesTaxes240364240364240364-Intergovernmentalrevenues121312131213-Investmentincome35035031238TotalRevenues24192724192724188938ExpendituresCapitaloutlay26945626945631617946723ExcessDeficitofRevenuesUnderExpenditures27529275297429046761OtherFinancingSourcesProceedsfromsaleofcapitalassets81508150138505700NetChangeinFundBalance19379193796044041061FUNDBALANCE-BeginningofYear65519FUNDBALANCE-ENDOFYEAR5079VILLAGEOFGRAFTON120 OzaukeeCountyWisconsinStatementofRevenuesExpendituresandChangesinFundBalanceBudgetandActualWoodlawnCemeteryPerpetualCareFortheYearEndedDecember312012BudgetedAmountsVariancewithOriginalFinalActualFinalBudgetRevenuesInvestmentincome465465187278Cemeterylotsales60060039503350TotalRevenues1065106541373072OtherFinancingUsesTransferout465465187278NetChangeinFundBalance60060039503350FUNDBALANCE-BeginningofYear80440FUNDBALANCE-ENDOFYEAR84390VILLAGEOFGRAFTON121 OzaukeeCountyWisconsinStatementofChangesinAssetsandLiabilitiesAsofandFortheYearEndedDecember312012BalanceBalanceJanuary1December312012AdditionsReductions2012AssetsCashandequivalents13793432137781261379343213778126Taxesreceivable11258576112655401125857611265540TotalAssets25052008250436662505200825043666LiabilitiesDuetoothertaxingunits25052008250436662505200825043666VILLAGEOFGRAFTONAgencyFund-TaxCollectionFund122 OzaukeeCountyWisconsinScheduleofChangesinCapitalAssetsUsedintheOperationofGovernmentalFundsbyFunctionandActivityAsofDecember312012BalanceBalanceJanuary1December312012AdditionsDisposals2012GeneralGovernmentAdministration3882255--3882255Elections21000--21000TotalGeneralGovernment3903255--3903255PublicSafetyFiredepartment2136039--2136039Policedepartment511240570750480855135070Emergencygovernment14000--14000Buildinginspectionandassessment13500--13500TotalPublicSafety727594470750480857298609PublicWorksRightofway907920285888-9165090Infrastructure343400624839219416034729823Otherpublicworks104598511731145538510577580Recycling153764--153764TotalPublicWorks5403287974292314954554626257CultureRecreationandEducationLibrary1985878--1985878Seniorcenter561736--561736Communitycenter266937--266937Parks470532257725-4763047Aquatics1401883--1401883Cemetery3395611249852136684TotalCultureRecreationandEducation89557126897485219016165ConservationandDevelopmentPlanninganddevelopment1214865--1214865-GrandTotal7538265588264720615176059151VILLAGEOFGRAFTON123 LandandConstructionIntangibleLandBuildingsandEquipmentandinProgressAssetsImprovementsImprovementsFurnishingsInfrastructureTotalsGeneralGovernmentAdministration1270696-571362415340139083-3882255Elections----21000-21000TotalGeneralGovernment1270696-571362415340160083-3903255PublicSafetyFiredepartment158307-577321920000--2136039Policedepartment37200-1442334179075774562-5135070Emergencygovernment-14000-14000Buildinginspectionandassessment----13500-13500TotalPublicSafety195507-2019656099075802062-7298609PublicWorksRightofway9165090-----9165090Infrastructure37612407071---3428514034729823Otherpublicworks88842-217835355011502809235-10577580Recycling---1477466018-153764TotalPublicWorks92915444070712178353564889628152533428514054626257CultureRecreationandEducationLibrary--9100192982746951-1985878Seniorcenter52800-273804761785378-561736Communitycenter25000--241937--266937Parks1837032-11908071390561344646-4763046Aquatics--178060119246531358-1401883Cemetery--11250532620109-36685TotalCultureRecreationandEducation1914832-14165975236294448442-9016165ConservationandDevelopmentPlanninganddevelopment1200000-14865---1214865TotalConservationandDevelopment1200000-14865---1214865GrandTotal1387257940707138689161939960542258403428514076059151AsofDecember312012VILLAGEOFGRAFTONOzaukeeCountyWisconsinScheduleofCapitalAssetsUsedintheOperationofGovernmentalFundsbyFunctionandActivity124 STATISTICALSECTIONThispartoftheVillageofGraftonscomprehensiveannualfinancialreportpresentsdetailedinformationasacontextforunderstandingwhattheinformationinthefinancialstatementsnotedisclosuresandrequiredsupplementaryinformationsaysabouttheVillagesoverallfinancialhealth.CategoryTableNumbersFinancialTrends12345TheseschedulescontaintrendinformationtohelpthereaderunderstandhowtheVillagesfinancialperformanceandwell-beinghavechangedovertime.RevenueCapacity6789101112TheseschedulescontaininformationtohelpthereaderassesstheVillagesmostsignificantlocalrevenuesourcetheincometax.DebtCapacity13141516TheseschedulespresentinformationtohelpthereaderassesstheaffordabilityoftheVillagescurrentlevelsofoutstandingdebtandtheVillagesabilitytoissueadditionaldebtinthefuture.EconomicandDemographicInformation171819202122TheseschedulesoffereconomicanddemographicindicatorstohelpthereaderunderstandtheenvironmentwithinwhichtheVillagesfinancialactivitiestakeplace.WaterandWastewaterOperatingInformation2324252627282930TheseschedulescontainserviceandinfrastructuredatatohelpthereaderunderstandhowtheinformationintheVillagesfinancialreportrelatestothewaterandwastewaterservicestheVillageprovides.SourcesUnlessotherwisenotedtheinformationintheseschedulesisderivedfromthecomprehensiveannualfinancialreportsfortherelevantyear.TheVillageimplementedGASBStatement34in2000schedulespresentinggovernment-wideinformationincludeinformationbeginninginthatyear.125 VILLAGEOFGRAFTONWISCONSINNETPOSITIONBYCOMPONENTLASTTENFISCALYEARS2003200420052006GovernmentalActivitiesNetinvestmentincapitalassets18117772185502281775164614115078Restricted1602730197259114328298765594Unrestricted6925448630720751557721037751TotalGovernmentalActivitiesNetPosition26645950268300262434024723918423Business-typeActivitiesNetinvestmentincapitalassets18075109212087182072671224058607Restricted867131981500818772939334Unrestricted4703277334281042579492645946TotalBusiness-TypeActivitiesNetPosition23645517255330282580343327643887PrimaryGovernmentNetinvestmentincapitalassets36192881397589463847835838173685Restricted2469861295409122516019704928Unrestricted11628725965001794137213683697TotalPrimaryGovernmentNetPosition50291467523630545014368051562310DataSourceVillageofGraftonAnnualFinancialReports126 VILLAGEOFGRAFTONWISCONSINNETPOSITIONBYCOMPONENTLASTTENFISCALYEARS2007200820092010201120121539000513468385154292612074264921828625229452606278068539212820076391765487159026996901634750175455613869790251591614500444431219025143090243161262613480227667297279193382822646625297847253281562704564927754384276777452816296396873612024011291412907585115061612518243658025396961131708943095526403968939406402992460830500168315079553175749532868050333554274068785238796541424749104849703349506370511082237246804659452932990512673072274088522208407133042942522411868796825468785401338252830550676985481629457642757594247926078738861581893127 VILLAGEOFGRAFTONWISCONSINCHANGEINNETPOSITIONLASTTENFISCALYEARS2003200420052006ExpensesGovernmentalActivitiesGeneralGovernment1135592441022849959832485PublicSafety3139164330898435450723434909PublicWorks2091571171408429901234941488CommunityEnrichmentServices1443955119203714918281331925ConservationandDevelopment397598191286127307141253725InterestandFiscalCharges7903689322987970161297907LossonRetirementofCapitalAssets000421400TotalGovernmentalActivities899824895012861240471213513839BusinessTypeActivitiesWater877211108000711784331185261Wastewater1259939130610414157981554477TotalBusinessTypeActivities2137150238611125942312739738TotalPrimaryGovernmentExpenses11135398118873971499894316253577ProgramRevenuesGovernmentalActivitiesGeneralGovernment82087421175375143734PublicSafety595049631045642847596713PublicWorks8784378178887131382494846CommunityEnrichmentServices423154705050343898422744ConservationandDevelopment5454328332680390155591TotalGovernmentalActivitiesProgramRevenues1959391244473019556483813628BusinessTypeActivitiesWater1307961182137713428032127542Wastewater1498353242794714765492367231TotalBusinessTypeActivitiesProgramRevenues2806314424932428193524494773TotalPrimaryGovernmentRevenues4765705669405447750008308401NetExpenseRevenueGovernmentalActivities70388577056556104490649700211BusinessTypeActivities66916418632132251211755035TotalPrimaryGovernmentNetExpense63696935193343102239437945176GeneralRevenuesandOtherChangesinNetPositionGovernmentalActivitiesTaxes5837102630754164811566824960IntergovernmentalRevenues814575673454655435749523InvestmentIncome2180461813144002061168128Miscellaneous12847125380829786989452Gainondisposalsaleofcapitalasset0000ImpactFees1093262101321143320Transfers21089876500TotalGovernmentalActivitiesGeneralRevenues7318418762548479489988832063BusinessTypeActivitiesInvestmentIncome59241235334500487969Gainsondisposalsaleofcapitalassets0000Miscellaneous0000Transfers21089876500TotalBusinessTypeActivitiesGeneralRevenues151657242984500487969TotalPrimaryGovernmentGeneralRevenues7166761764978279940028920032ChangeinNetPositionGovernmentalActivities2795615689282500066868148BusinessTypeActivities51750718875112701251843004TotalPrimaryGovernment79706824564392229941974856DataSourceVillageofGraftonAnnualFinancialReports128 VILLAGEOFGRAFTONWISCONSINCHANGEINNETPOSITIONLASTTENFISCALYEARS20072008200920102011201287031697571810479361287202106071512060243761114379933739337384028675414525940692356077640386663941751233905416405270341439761469851148993614764751526436159312515571931656348510984139344149245870130745203415928481694032187304018163201688388164786397751000001552586816935503128997531305650713241497130763251442713132648912683011402617119142712489871673389161875917170671841661185641818649493116102294524829853683244278304784531139361864197019880751158851211630078516289342161902611441912206868347399374557404276457109789001139982683453248032547290844351759765461282137104011525894041499981135608260313383395637738738746337156437509817340415783721706434958354743933720477686275588062447700764327584322312230038532516785146869821433211664582195454018310982796150167012020509322025332242619020006705312935313881841942533689914438073038317681299921090194428964329801749876038526835621775459310804879812967787289231001837510072472219683319357012088854456361332885717832564276010861309692079282832878685490935464072673427743849838680889978609107069930276777584474492380868863485067390965029510158145791752068951573531600251166222198143997554641718696935584257550022303214173236261395800000000276513270213270203270203927881494677029948353102614181027041610379600147261162196414544780831627196247569702250017037020124001146192721624600027651327021327020327020314801716316620109819609622233023045594268319630868974725510065322100480861014914515033501526964181867615324952520413071282280721575560100778724954011105554873773784071951404282646317820351362596794505129 VILLAGEOFGRAFTONWISCONSINFUNDBALANCESGOVERNMENTALFUNDSLASTTENFISCALYEARS2003200420052006GeneralFundReserved70410738407659667325Unreserved1481257148792914969461698772Nonspendable----Restricted----Conmmitted----Assigned----Unassigned----TotalGeneralFund1551667156176915735421766097OtherGovernmentalFundsReserved1908365214778399374529145997UnreservedSpecialRevenueFunds160120417515731390296361196CapitalProjectFunds4056217309593716485074101981Nonspendable----Restricted----Committed----Assigned----Unassigned----TotalOtherFunds756578669952931297625513609174TotalGovernmentalFundsReserved19787752221623100140489213322Unreserved7138678633543945357496161949Non-spendable----Restricted----Committed----Assigned----Unassigned----TotalGovernmentalFunds911745385570621454979715375271DataSourceVillageofGraftonAnnualFinancialReportsNoteIn2011theVillageimplementedGASBStatementNo.54whichchangedtheclassificationsoffundbalances.Priorperiodshavenotbeenreclassifiedtothisnewstandard.130 VILLAGEOFGRAFTONWISCONSINFUNDBALANCESGOVERNMENTALFUNDSLASTTENFISCALYEARS200720082009201020112012122014759918429888717--2014242277314928937872822248------9172690824----------------226924412748----237390825377412136256284914029780852910965269255830413136683471582253136080952150117--389766391086337351657950--2323863301702452877761824312------107998760----1801489971520----570681503469----17538641305064----4001454001509397100923064192332224632379373668823886636805485589852236923932238834--4727871618125985189145304510------668392316207----1801489971520----570681503469----14144711501189----19737632137591115333561207978112211307754334464287965429976131 VILLAGEOFGRAFTONWISCONSINCHANGEINFUNDBALANCESGOVERNMENTALFUNDSLASTTENFISCALYEARS2003200420052006RevenuesTaxes5852747632321065508496885401Intergovernmental1681403145704915289271586761LicensesandPermits362380368947346166378364FinesForfeituresandPenalties8465479309123888126065PublicChargesforServices300834386337436988662589IntergovernmentalChargesforSerivces19073118499318685243076SpecialAssessments294827552327114332216164InvestmentIncome2024011656454002061168128MiscellaneousRevenues96934374053216438431482TotalRevenues90669119891870990464611498030ExpendituresbyFunctionGeneralGovernment731466702384823032819649PublicSafety2973307311945232615893286619PublicWorks1663079184085919066334172379CommunityEnrichmentServices1511613102670210465451178477ConservationandDevelopment327361204367924623021361693CapitalOutlays1351283190030120039058956734DebtServicePrincipalRetirement1702036122989113094791168162Interest7797157479376852211099423FiscalCharges608357595984781190528TotalExpendituresbyFunction11100695126871641358348722233664ExcessofRevenuesOverunderExpenditures20337842795294367884110735634OtherFinancingSourcesUsesBondproceedsandDebtPremiums48346412624448967157511593128PaymenttoRefundDebt0000ProceedsfromSaleofCapitalAssets0000Transfersin1423125122510213479171901814Transfersout1212226122510213479171901814TotalOtherFinancingSources50455402624448967157511593128NetChangeinFundBalances30117561708465992734857494DebtServiceasapercentageofnon-capitaloutlayexpenditures31.2035.2823.5221.89DataSourceAuditedFinancialStatements132 VILLAGEOFGRAFTONWISCONSINCHANGEINFUNDBALANCESGOVERNMENTALFUNDSLASTTENFISCALYEARS2007200820092010201120127329910781188710374018911602092554009498246160217619946941850392181707618490511738932537137837933560550349367420851418053126490132084128043128648108201123709455702605924435799436416428847704078522145341252388535137085111488334303125988114176151664145251372361015814579175207009153383156055116625673517330010356252561881954373421265711827263154412001428490012824906129782411296441984537693204199933899142110030241123036356237835683003742891380499039328863836716519057228277222428848248425226807552674337130374012885361271073133180213936871361473148563951657634093495011987019765069714006478246573868185014776479854960107118416658651880896262928728076782266498207275816813071719210182716518966851624166189580292429423691379681775050000019833784198905752026442018612255145079521454227780065214449375597952057873491529711157785840524804855000107391268350006359977328460600619000006260000298972947997805881285408141734516313958266886928898523980176514268537907924624392260474028296393703664487247235207694354189416460649958016111046111938641516357903838419155464261315264667963111454899882022.7220.9034.1734.0028.5029.46133 VILLAGEOFGRAFTONWISCONSINGENERALGOVERNMENTALEXPENDITURESBYFUNCTIONLASTTENFISCALYEARSFiscalGeneralPublicPublicCommunityEnrichmentYearGovernmentSafetyWorksServices20037314666.6297330726.8166307915.0151161313.620047023845.5311945224.6184085914.510267028.120058230326.1326158924.0190663314.010465457.720068196493.7328661914.8417237918.811784775.320078453764.3356237818.0519057226.213037406.620089320414.7356830017.9282772214.212885366.520099993384.9374289118.5242884812.012710736.320109914215.3380499020.4248425213.313318027.2201110030244.8393288618.9268075512.913936876.7201211230366.4383671621.9267433715.313614737.8ConservationFiscalandCapitalDebtTotalYearDevelopmentOutlaysServiceExpenditures20033273612.9135128312.2254258622.9111006952004204367916.1190030115.0205378716.2126871642005246230218.1200390514.8207948115.313583487200613616936.1895673440.3245811311.122233664200714856397.5400647820.2343960117.3198337842008516576326.0246573812.4364247518.31989057520094093492.0681850133.6459442022.72026442020105011982.7477647925.7472211325.41861225520117019763.48549604.11020066449.12076795220125069712.910711846.1695828939.717532006SourceVillageofGraftonAnnualFinancialReports134 0200000040000006000000800000010000000120000001400000016000000180000002000000022000000240000002003200420052006200720082009201020112012DollarsFiscalYearGeneralGovernmentalExpendituresbyFunctionGeneralGovernmentPublicSafetyPublicWorksCommunityActivitiesConservationandDevelopmentCapitalOutlaysDebtService135 VILLAGEOFGRAFTONWISCONSINGENERALGOVERNMENTALREVENUESBYSOURCELASTTENFISCALYEARSFiscalInter-LicensesFinesForfeituresPublicChargesYearTaxesGovernmentalandPermitsandPenaltiesforServices2003585274764.6168140318.53623804.0846540.93008343.32004632321063.9145704914.73689473.7793090.83863373.92005655084966.1152892715.43461663.51238881.34369884.42006688540159.9158676113.83783643.31260651.16625895.82007732991062.0160217613.55371374.51264901.14557023.92008781188750.6199469412.98379335.41320840.96059243.920091037401872.6185039213.05605503.91280430.94357993.12010911602071.1181707614.23493672.71286481.04364163.42011925540071.3184905114.24208513.21082010.84288473.32012949824673.3173893213.44180533.21237091.07040785.4FiscalInter-GovernmentalSpecialInvestmentMiscellaneousTotalYearChargesforServicesAssessmentsIncomeRevenuesRevenues20031907312.12948273.32024012.2969341.1906691120041849931.95523275.61656451.73740533.8989187020051868521.91143321.24002064.02164382.299046462006430760.42161641.9116812810.24314823.8114980302007522140.4343030.310158148.66735175.7118272632008534120.31259880.85791753.8330010321.4154412002009523880.41141750.82068941.45625253.9142847842010535130.41516641.21533831.26188194.8128249062011708510.51452511.11560551.25437344.21297824120121148830.9372360.31166250.92126601.612964422SourceVillageofGraftonAnnualFinancialReports136 02000000400000060000008000000100000001200000014000000160000002003200420052006200720082009201020112012DollarsFiscalYearGeneralGovernmentalRevenuesBySourceTaxesInter-GovernmentalLicensesandPermitsFinesForfeituresandPenaltiesChargesforServicesAssessmentsInvestmentIncomeMiscellaneousRevenues137 LevyCollectionStateofOzaukeeVillageofGraftonCedarburgYearYearWisconsinCountyGraftonSchoolsSchools2003200417314516381145601873854996210868492004200518332416394205794824867295310883892005200618646817159266046590799632911327542006200719001517606756259191849199911456382007200819027717238956451304902115611853462008200920383018191826689113901617112646742009201020557518726616849282102158401347715201020111988411878211694134410186049136019520112012202699194711271283351019655012374262012201318980319121757378783101405021161989TaxLevyCollectionIncrementalTotalPercentYearYearMATCDistrictsGrossTaxLevyCollectionsCollected200320041668427456892191752621916256399.93200420051735581458070195725611955688599.92200520061817212555518194507971944768099.98200620071844288756344204481502043805699.95200720081894692991231214579012145508799.992008200920473771597508226378552263258499.982009201021302001946065245673382456486499.992010201120687171952126245854832457908399.972011201221409201949643248026852479623799.97201220132192240185287924828371CollectionstodateareinprocessSourceStatementoftaxesandTaxDistrictTreasurersSettlementsVILLAGEOFGRAFTONWISCONSINCOMPARATIVETAXLEVIESFORALLDIRECTLASTTENFISCALYEARSANDOVERLAPPINGGOVERNMENTSANDTOTALCOLLECTIONS138 TaxesLeviedSubsequentLevyfortheYearsYearFiscalYearAmountofLevyCollectionsAmountofLevy20035601873310853555.4924933385601873100.0020045794824336724958.1124275755794824100.0020056046590342259156.6026239996046590100.0020066259191354941256.7127097796259191100.0020076451304311548648.2933358186451304100.0020086689113309529746.273593129668842699.9920096849282382430355.843024121684842499.9920106941344360280651.903334439693724599.9420117128335391686054.953205028712188899.9120127378783405182654.91CollectionstodateorinprocessSourceStatementofTaxesandTaxDistrictTreasurersSettlementsVILLAGEOFGRAFTONWISCONSINPROPERTYTAXLEVIESANDCOLLECTIONSLASTTENFISCALYEARSCollectedwithintheFiscalYearoftheLevyTotalCollectionstoDate139 VILLAGEOFGRAFTONWISCONSINPROPERTYVALUATIONSASSESSEDVALUATIONSAgriculturalYearResidentialCommercialManufacturingSwampForest200361235380016996530055933800115200020046268785001693621005923940076850020056402091001781510005631790071910020067884285002071429006277860079030020078033834002255058005086790051040020088042143002688675005118440077530020098276193002684189004344510011776002010795444700302841000425199001404700201183347560029433340042637900987000201283628480028873960044854200988800TotalPersonalTotalYearOtherRealEstatePropertyAssessed2003-8394049001723690085664180020041323008563808002076720087714800020051323008755294001595480089148420020061750001059315300188421001078157400200717500010804425001956180011000043002008303800112534530022644100114798940020091750001140835900264616001167297500201016860011423789002884620011712251002011126100117156000029842200120140220020121261001170993500274588001198452300SourceStatisticalReportofPropertyValuationsPublishedbyBureauofPropertyTaxWisconsinDepartmentofRevenue140 VILLAGEOFGRAFTONWISCONSINASSESSEDANDEQUALIZEDVALUEOFTAXABLEPROPERTYLASTTENFISCALYEARSREALPROPERTYPERSONALPROPERTYLevyFiscalAssessedEqualizedAssessedEqualizedYearYearValueValueValueValue20032004839404900848204500172369001752100020042005856380800899395400207672001722320020052006875529400976310800159548001775960020062007105931530810631507001884210018869200200720081080442500110076780019561800204483002008200911253453001177385800226441002369130020092010114083590011838098002646160027549900201020111142378900114281950028846200288573002011201211715600001164576600298422002983440020122013117099350010927945002745880025629000TOTALRatioofComputerLevyFiscalAssessedEqualizedAssessedtoExemptionYearYearValueValueEqualizedValueEqualizedValue200320048566418008657255000.98975577500200420058771480009166186000.95094879100200520068914842009940704000.8968475320020062007107815740810820199000.9964599840020072008110000430011212161000.9811561440020082009114798940012010771000.9558935330020092010116729750012113597000.96361082550020102011117122510011716768000.99961106380020112012120140220011944110001.00591599840020122013119845230011184235001.071313319700EffectiveJanuary11999businesscomputersareexemptfrompropertytaxes.SourceStatisticalReportofPropertyValuationsPublishedbyBureauofPropertyTaxWisconsinDepartmentofRevenue141 VILLAGEOFGRAFTONWISCONSINCOMPARATIVETAXRATESFORALLDIRECTANDOVERLAPPINGGOVERNMENTSPER1000OFASSESSEDVALUELASTTENFISCALYEARSPROPERTIESWITHINTHEGRAFTONSCHOOLDISTRICTLevyCollectionStateofOzaukeeVillageGraftonYearYearWisconsinCountyofGraftonSchools200320040.20211.95936.700311.5468200420050.21011.92406.800611.5914200520060.20921.98196.983910.5586200620070.17621.69626.02989.3501200720080.17301.64346.15019.8234200820090.17761.70616.27349.6366200920100.17611.74316.375410.8310201020110.16981.74296.441310.7546201120120.16871.75956.441410.4436201220130.15841.72426.653510.3609COMPARATIVETAXRATESFORALLDIRECTANDOVERLAPPINGGOVERNMENTSPER1000OFASSESSEDVALUELASTTENFISCALYEARSPROPERTIESWITHINTHECEDARBURGSCHOOLDISTRICTLevyCollectionStateofOzaukeeVillageCedarburgYearYearWisconsinCountyofGraftonSchools200320040.20211.95936.700311.3689200420050.21011.92406.800610.4765200520060.20921.98196.983910.4439200620070.17621.69626.02988.8256200720080.17301.64346.15019.0736200820090.17761.70616.27349.6796200920100.17611.74316.375410.2781201020110.16981.74296.441310.4225201120120.16871.75956.44149.4974201220130.15841.72426.65358.9191SourceTaxLevyfromDirectandOverlappingGovernmentsTaxIncrementCalculationWorksheetandTaxRateCalculationscertifiedtotaxroll142 VILLAGEOFGRAFTONWISCONSINCOMPARATIVETAXRATESFORALLDIRECTANDOVERLAPPINGGOVERNMENTSPER1000OFASSESSEDVALUELASTTENFISCALYEARSPROPERTIESWITHINTHEGRAFTONSCHOOLDISTRICTSchoolStateNetTaxAssessedMATCTotalCreditRateValuation1.995622.40411.510920.89327610435002.036822.56281.509121.05377687142002.098921.83251.475220.35737830231001.776719.02901.478617.55049483484001.806219.59611.580918.01529693670001.920119.71381.642318.071510173882001.982821.10841.585119.523410361731001.919721.02831.583219.445110407200001.934620.74781.533719.214110710861001.976820.87381.548619.32521068171100COMPARATIVETAXRATESFORALLDIRECTANDOVERLAPPINGGOVERNMENTSPER1000OFASSESSEDVALUELASTTENFISCALYEARSPROPERTIESWITHINTHECEDARBURGSCHOOLDISTRICTSchoolStateNetTaxAssessedMATCTotalCreditRateValuation1.995622.22621.510920.7153955983002.036821.44791.509119.93881038889002.098921.71781.475220.24261084611001.776718.50451.478617.02591298090001.806218.84631.580917.26541306373001.920119.75681.642318.11451306541001.982820.55561.585118.97051311244001.919720.69621.583219.11301305051001.934619.80161.533718.26791302916001.976819.43201.548617.8834130281200143 VILLAGEOFGRAFTONWISCONSINCOMPARATIVETAXRATESFORALLDIRECTANDOVERLAPPINGGOVERNMENTSPER1000OFEQUALIZEDVALUELASTTENFISCALYEARSPROPERTIESWITHINTHEGRAFTONSCHOOLDISTRICTLevyCollectionStateofOzaukeeVillageGraftonYearYearWisconsinCountyofGraftonSchools200320040.20001.93886.630011.4253200420050.20001.83166.474011.0344200520060.18761.77746.26329.4689200620070.17561.69016.00839.3167200720080.16971.61246.03389.6376200820090.16971.63085.99649.2111200920100.16971.67976.143510.4370201020110.16971.74226.438810.7505201120120.16971.76986.479010.5044201220130.16971.84727.128111.1000COMPARATIVETAXRATESFORALLDIRECTANDOVERLAPPINGGOVERNMENTSPER1000OFEQUALIZEDVALUELASTTENFISCALYEARSPROPERTIESWITHINTHECEDARBURGSCHOOLDISTRICTLevyCollectionStateofOzaukeeVillageCedarburgYearYearWisconsinCountyofGraftonSchools200320040.200001.938806.6300011.25230200420050.20001.83166.47409.9761200520060.18761.77746.26329.3660200620070.17561.69016.00838.7941200720080.16971.61246.03388.9019200820090.16971.63085.99649.2521200920100.16971.67976.14359.9043201020110.16971.74226.438810.4185201120120.16971.76986.47909.5531201220130.16971.84727.12819.5553SourceTaxLevyfromDirectandOverlappingGovernmentsTaxIncrementCalculationWorksheetandTaxRateCalculationscertifiedtotaxroll144 VILLAGEOFGRAFTONWISCONSINCOMPARATIVETAXRATESFORALLDIRECTANDOVERLAPPINGGOVERNMENTSPER1000OFEQUALIZEDVALUELASTTENFISCALYEARSPROPERTIESWITHINTHEGRAFTONSCHOOLDISTRICTSchoolStateNetTaxEqualizedMATCTotalCreditRateValuation1.974622.16871.495020.67377691360081.939021.47901.436620.04248075187211.882319.57941.322918.25658158335231.770418.96111.473417.48779517457831.772119.22561.551017.67469880596691.835318.84331.569917.273410643872551.910720.34071.527418.813210752856601.918921.02011.582619.437510411212681.945920.86881.542619.326210648801152.117822.36281.659120.7037997053500COMPARATIVETAXRATESFORALLDIRECTANDOVERLAPPINGGOVERNMENTSPER1000OFEQUALIZEDVALUELASTTENFISCALYEARSPROPERTIESWITHINTHECEDARBURGSCHOOLDISTRICTSchoolStateNetTaxEqualizedMATCTotalCreditRateValuation1.9746021.995701.4950020.50070965894921.939020.42071.436618.98401090998791.882319.47651.322918.15361209426771.770418.43851.473416.96511302741171.772118.48991.551016.93891331564311.835318.88431.569917.31441366898451.910719.80791.527418.28051360740401.918920.68811.582619.10551305554321.945919.91751.542618.37491295308852.117820.81811.659119.1590121607200145 VILLAGEOFGRAFTONWISCONSINRATIOOFNETGENERALOBLIGATIONDEBTTOEQUALIZEDVALUELASTTENFISCALYEARSStatutoryDebtTotalG.O.LessFundsCapacity5AsofDebtAvailableforNetDebtEqualizedofEqualizedDecember31OutstandingDebtServiceOutstandingValueValue200316612546228451163840958657255004328627520041827847819471518083763916618600458309302005273404213970802694334199407040049703520200637051300116819835883102108201990054100995200739142612755543383870691121216100560608052008429309034511444247975912010771006005385520094442959927420244155397121135970060567985201042125011179045419459661171676800585838402011402427353115983993113712533374006266687020123814746012942438018036111866070055933035NetDebtRatioofNetNetDebtPer1000AsofDebttoDebtPerofEqualizedDecember31CapacityPopulationCapitaValue200337.8511098147618.93200439.4611160162019.73200554.2111310238227.10200666.3311380315333.16200768.4711420336134.24200870.7411450371035.37200972.9011470385036.45201071.6011480365435.80201163.7211465348331.86201267.9711464331633.99SourceVillageofGraftonAnnualFinancialReportsStateofWisconsinDepartmentofAdministrationDemographicServicesCenterandStateofWisconsinDepartmentofRevenueBureauofPropertyTax.NoteEqualizedvalueisusedinsteadofassessedvalueduetothefactthatthestatutorydebtcapacityinWisconsinisbasedonequalizedvalue.NotePersonalincomeinformationisnotavailable.146 VILLAGEOFGRAFTONWISCONSINRATIOOFOUTSTANDINGDEBTBYTYPELASTTENFISCALYEARSBusiness-TypeActivitiesTotalFiscalGeneralRevenueGeneralBusiness-TypeYearObligationDebtBondsObligationDebtActivities200314808609-18039371803937200416328179-19502291950229200524559058-27813632781363200634925895-21254052125405200737310030155000018325823382582200840284134155000026467694196769200943594848149500023297523824752201040127169143500019978423432842201137940671137000023020643672064201236158184130500019892763294276TotalTotalNetDebtFiscalGeneralRevenuePerYearObligationDebtBondDebtTotalPopulationCapita200316612546-16612546110981497200418278408-18278408111601638200527340421-27340421113102417200637051300-37051300113803256200739142612155000040692612114203428200842930903155000044480903114503749200944429600149500045924600114703874201042125011143500043560011114803669201140242735137000041612735114653510201238147460130500039452460114643328SourceVillageofGraftonAnnualFinancialReportsStateofWisconsinDepartmentofAdministrationDemographicServicesCenterandStateofWisconsinDepartmentofRevenueBureauofPropertyTax.NoteEqualizedvalueisusedinsteadofassessedvalueduetothefactthatthestatutorydebtcapacityinWisconsinisbasedonequalizedvalue.GovernmentalActivities147 VILLAGEOFGRAFTONWISCONSINCOMPUTATIONOFOVERLAPPINGDEBTLASTTENFISCALYEARSDirectVillageofGraftonOverlappingOzaukeeCountyNetGeneralPercentaeAmountNetGeneralPercentaeAmountEndofObligationDebtApplicabletoApplicabletoObligationDebtApplicabletoApplicabletoFiscalYearOutstandingGovernmentGovernmentOutstandingGovernmentGovernment201238147460100.00381474601982045810.812142592201140242735100.00402427352122000010.452217490201042125011100.00421250111763500010.151789953200944429599100.00444295991750912910.121771924200842930903100.0042930903197615869.951966278200739142612100.003914261285388339.60819728200637051300100.003705130096970009.95964852200528730930100.002873093061870009.95615607200418278478100.001827847862670009.97624820200316612546100.0016612541708500010.29729047OverlappingGraftonSchoolDistrictOverlappingCedarburgSchoolDistrictNetGeneralPercentageAmountNetGeneralPercentageAmountEndofObligationDebtApplicabletoApplicabletoObligationDebtApplicabletoApplicabletoFiscalYearOutstandingGovernmentGovernmentOutstandingGovernmentGovernment20121431000065.039305793170100005.8298998220111138500063.357212398172500006.11105397520101230000062.797723170197550006.21122678620091322000063.578403954221650006.14136093120081862000061.7111490402221650006.08134763220072007500062.1012466575267070005.94158639620061474500062.259178763288870006.05174766420051563000062.779810951309620006.08188249020041686000065.6211063532312270005.89183927020031720000065.6211286640295100005.381587638OverlappingMilwaukeeAreaTechnicalCollegeTotalOverlappingDebtNetGeneralPercentageAmountNetGeneralPercentageAmountEndofObligationDebtApplicabletoApplicabletoObligationDebtApplicabletoApplicabletoFiscalYearOutstandingGovernmentGovernmentOutstandingGovernmentGovernment20121008350001.53154277619012291827.42521286022011983400001.45142593018843773527.685215252820101280750001.43183147321989001124.87546963922009946300001.40132482019195372829.855729122820081018150001.36138468420529248928.80591198992007748500001.39104041516931344532.52550557262006784050001.39108983016878530029.64500324092005751650001.43107486015667493026.88421148382004771050001.46112573314973747821.99329318332003755750001.50113362514598254621.4731349491148 NetRevenueFiscalGrossOperatingAvailableforYearRevenues1Expenses2DebtServicePrincipalInterestTotalCoverage2012370376418734311830333650005722112222114.982011379141018397731951637650006047112547115.552010361639918754121740987600006347112347114.102009326593318835351382398550006622112122111.402008330101419066751394339-993329933214.04Notes1Totaloperatingrevenuesplusinterestoninvestments2Totaloperatingexpenseslessdepreciation3IncludesinterestandprincipalonrevenuebondsissuedforwaterandsewermainreplacementDoesnotincludegeneralobligationdebtDebtServiceRequirements3VILLAGEOFGRAFTONWISCONSINREVENUEBONDCOVERAGEWATERANDWASTEWATERUTILITY149 VILLAGEOFGRAFTONWISCONSINDEMOGRAPHICINFORMATIONEmploymentInformationOzaukeeCountyLaborAverageAverageYearForceEmployedUnemployed200547761460191742200648212464671745200748667470501617200848407461172290200947334438173517201046700437032997201146863444262437201246917442492668SourceWisconsinDepartmentofWorkforceDevelopmentSourceWisconsinDepartmentofWorkforceDevelopment0.01.02.03.04.05.06.07.08.09.010.0200520062007200820092010201120123.83.63.34.77.45.45.25.74.94.74.65.88.38.37.56.9PercentYearUnemploymentRatesCountyUnemploymentRateStateUnemploymentRate150 VILLAGEOFGRAFTONWISCONSINPRINCIPALTAXPAYERSCURRENTYEARANDNINEYEARSAGOTENLARGESTTAXPAYERS-2012PercentofEqualizedNetTaxesTotalTaxesNameofTaxpayerNatureofBusinessValuePaidLeviedArrowheadApartmentsAssocRealEstateInvestment163675003383841.36InlandAmericanGraftonPortWashingtonLLRetail143974002978581.20CostcoRetail130243002695771.09AMCHoldingsHospital118277002415020.97GraftonLLCRetail100813002086460.84ResidentialDeveloper91657001884770.76DaytonHudsonCorpTargetRetail88534001832260.74HomeDepotRetail84883001756660.71KohlsDepartmentStoreRetail68498001417430.57JBFamilyLimitedPartnershipRealEstateInvestment50768001045930.42TotalforTenLargestTaxpayers10413220021496718.66TENLARGESTTAXPAYERS-2003PercentofEqualizedNetTaxesTotalTaxesNameofTaxpayerNatureofBusinessValuePaidLeviedCarCaryRentalsRealEstateInvestment109943002273391.27TillmannCorporationResidentialDeveloper91962301876181.05ArrowheadApartmentsLLCRealEstateInvestment80299001660430.93HomeDepotRetail78435441645720.92OakStreetManchesterPlazaCommercialRealEstateInvestment76449001580800.88ArrrowheadAssociationRealEstateIne74562001541790.86DaytonHudsonCorpTargetRetail63231471470170.82LeesonElectricMfg.-ElectricMotors49036651252780.70LernerCommercialRealEstateInvestment57572031188680.66ShopkoStoresRetail49591741069960.60TotalforTenLargestTaxpayers7310826315559908.69SourceVillageofGraftonAssessmentandTaxRollsTillmannCorporation151 VILLAGEOFGRAFTONWISCONSINPRINCIPALEMPLOYERSCURRENTYEARANDNINEYEARSAGOTENLARGESTEMPLOYERS-2012ApproximateNumberofNameofEmployerNatureofBusinessEmployeesAuroraHospitalMedicalFacility870PaceIndustriesMfg.-AluminumDieCastings400GraftonSchoolDistrictEducation292KapcoMfg.-MetalStampings270CalibreMfg.-SpecialtyPaintDesign250RexnordCorporation-PlasticsDiv.Mfg.-PlasticInjectionMolding230TargetRetail197CostcoRetail175ExactoSpringMfg.-Springs165KohlsDepartmentStoreRetail150TENLARGESTEMPLOYERS-2003ApproximateNumberofNameofEmployerNatureofBusinessEmployeesESTCompanyLeggettPlattMfg.-AluminumDieCastings560GraftonSchoolDistrictEducation260RexnordCorporation-PlasticsDiv.Mfg.-PlasticInjectionMolding200ExactoSpringCorporationMfg.-Springs180CalibreMfg.-SpecialtyPaintDesign165TecumsehProductsCompanyMfg.-InternalCombustionEngines150TargetRetail150GoldsPicknSaveGrocer150HomeDepotRetail135KohlsDepartmentStoreRetail130InformationregardingtotalemploymentfortheVillageisnotavailable.TheStateofWisconsinonlyreportsbyCountyanddoesnotallowustocalculatethepercentageofemployeesforthelargestemployersintheVillage.152 DEMOGRAPHICSArea-SquareMilesPopulation5.12114645.112011114655.112010114595.112009114705.112008114505.042007114204.472006113804.472005113104.472004111604.29200311098Age2010EducationAttainment2010Under5years5.60Population25yearsandover5to19years19.30Lessthan9thgrade1.720to29years11.709thto12gradenodiploma2.430to39years12.40Highschoolgraduateincludesequivalency26.440to49years15.00Somecollegenodegree22.550to59years15.10Associatesdegree11.960to69years10.60Bachelorsdegree25.870to79years6.20Graduateorprofessionaldegree9.380yearsandover4.20Race2010HousingUnits2010White95.50TotalDwellingUnits5232Asian1.80SingleFamily53.0TwoorMoreRaces1.00Duplex10.1BlackorAfricanAmerican0.80Multi-FamilyApartments23.9SomeOtherRace0.60Multi-FamilyCondominiums13.0AmericanIndianandAlaskaNative0.30IncludingHispanic2.30MajorEmployers2012EqualizedValueofLargestPropertyTaxpayers2012AuroraMedicalCenter870ArrowheadApartmentsAssociation16367500PaceIndustries400InlandAmerican14397400GraftonSchoolDistrict292Costco13024300Calibre250AMCHoldings11827700RexnordCorporation-PlasticsDiv.230GraftonLLC10081300Kapco2709165700Costco175DaytonHudsonCorpTarget8853400Orion165HomeDepot8488300Target197KohlsDepartmentStore6849800ExactoSpring140JBFamilyLimitedPartnership5076800SourceU.S.CensusVillageofGraftonNotePersonalincomedatanotavailable.201220122004200320112010TillmannCorporation20052009200820072006153 DEMOGRAPHICSBuildingPermitsOccupationalComposition2010NumberValuemillionsManagerialandProfessional48.3017211.6TechnicalSalesandAdministrative18.9076728.1ProductionandTransportation10.5080114.1ServiceOccupations7.702009747227.72008102453.82007102453.82006101645.0200593720.1200473016.5200380718.8EmploymentTrendsOzaukeeCountyWaterWastewaterEmploymentUnemploymentActiveAccountsServiced4773RateWaterTreatedandDistributed440475.7millionsofgallons415442036.0SanitarySewersmiles54.57435526.8WaterMainmiles69.132009422966.92008470503.3Infrastructure2007464673.6MilesofStateHighwaySystem2.542006460193.8MilesofCountyHighwaySystem3.282005470623.3MilesofLocalRoadsandStreets52.952004466344.3MilesofSidewalks82.64NumberofStreetLights1659ParksPublicSafetyDevelopedParksAcresMaintainedNumberofPoliceStations117120NumberofFireStations117120ISORating31712017120NumberofSwornPoliceOfficers1712020122217120201122171202010221712020092217120200822200722200621200521200421SchoolRegistration2012-2013ElectionsElementarySchoolsGradesK-5840RegisteredVotersTurn-outPercentJohnLongMiddleSchoolGrades6-8463SpringPrimary8046228628.4GraftonHighSchoolGrades9-12779SpringGeneral7623287937.8SpringSpecial7742629081.2GovernorRecall8394628774.9FallGeneral8756728483.2SourceWisconsinDepartmentofRevenueWisconsinDepartmentofAdministrationVillageofGraftonAnnualFinancialReportsandVillageofGraftonComprehensiveMasterPlan201220122012201120042008200720062005201020112010201120102009Year154 THISPAGELEFTBLANKINTENTIONALLY155 VILLAGEOFGRAFTONWISCONSINOPERATINGINDICATORSBYFUNCTIONLASTTENFISCALYEARSFUNCTION200320042005PoliceCitationsIssued272132263471CallsforService176361945022364InspectionTotalPermitsIssued113410021024PublicWorksAsphaltPlacedbyVillageStaff633312218TonsofSaltUsed7688931382CommuntityActivitiesAverageDailyAttendanceatSeniorCenter545656FamilyAquaticCenterTotalAttendance270412170327702RecreationProgramParticipants183119362322LibraryAnnualCirculation191782193986192293WaterandWastewaterWaterandWastewaterBillsProcessedNA1738018294156 VILLAGEOFGRAFTONWISCONSINOPERATINGINDICATORSBYFUNCTIONLASTTENFISCALYEARS2006200720082009201020112012414831552922380740054015390826937308292961331533315092670521158105911491179739924880836351339644517245406339578186719451386983115510595860555753575925391252132988525117301572283628127247024512148205021272215239019638020559922359324774625448624627823425318343187951891019025189001894819630157 GENERALFUNDGeneralGovernment2003200420052006200720082009201020112012OfficeoftheVillageAdministratorAdministrator1.001.001.001.001.001.001.001.001.001.00AdministrativeAssistantI0.670.670.670.670.670.670.670.750.750.75TotalVillageAdministratorsOffice1.671.671.671.671.671.671.671.751.751.75FinanceDepartmentDirector1.001.001.001.001.001.001.001.001.001.00Accountant0.000.000.000.000.000.500.500.500.500.50AdministrativeAssistantI0.330.330.330.330.330.330.330.250.250.25AccountingClerkII0.500.500.500.500.500.000.000.000.000.00AdministrativeSecretaryII0.000.000.000.000.000.250.250.250.250.50AdministrativeSecretary0.500.500.500.500.500.500.500.500.500.00DeputyClerk0.000.000.000.000.000.000.000.000.000.50OfficeAssistant0.000.000.000.000.000.000.000.000.000.35UtilityClerkI0.000.000.000.000.000.000.000.000.000.75TotalFinanceDepartment2.332.332.332.332.332.582.582.502.503.85OfficeoftheVillageClerkVillageClerk1.001.001.001.001.001.001.001.001.001.00DeputyClerk0.000.000.000.000.000.000.000.000.000.50AdministrativeSecretary0.500.500.500.500.500.500.500.500.500.00TotalVillageClerksOffice1.501.501.501.501.501.501.501.501.501.50AssessingDivisionAssessmentClerk0.500.500.500.500.500.500.500.500.500.50OfficeAssistant0.250.250.250.250.250.500.500.000.000.00TotalAssessingDivision0.750.750.750.750.751.001.000.500.500.50PublicSafetyPoliceDepartmentAdministrationPoliceChief1.001.001.001.001.001.001.001.001.001.00Captain0.000.000.000.000.000.000.000.002.002.00Lieutenant2.002.002.002.002.002.002.002.000.000.00AdministrativeAssistantII1.001.001.001.001.001.001.001.001.001.00CourtClerkTelecommunicator0.750.750.750.750.750.750.750.750.750.75OperationsSergeant4.004.004.004.004.004.004.004.004.004.00Sergeant-SchoolLiaison1.001.001.001.001.001.001.001.001.001.00PatrolOfficer13.0013.0013.0013.0014.0014.0014.0014.0014.0014.00CommunicationsTelecommunicators5.505.505.505.505.505.505.505.505.505.50CourtClerkTelecommunicator0.250.250.250.250.250.250.250.250.250.25TotalPoliceDepartment28.5028.5028.5028.5029.5029.5029.5029.5029.5029.50InspectionDepartmentBuildingInspector1.001.001.001.001.001.001.001.001.001.00ElectricalInspector0.250.250.250.250.250.250.250.250.250.25AssessmentClerk0.500.500.500.500.500.500.500.500.500.50OfficeAssistant0.250.250.250.250.250.500.500.000.000.00TotalInspectionDepartment1.752.002.002.002.002.252.251.751.751.75PERSONNELSCHEDULEAUTHORIZEDPERMANENTPOSITIONS2003-2012158 PERSONNELSCHEDULEAUTHORIZEDPERMANENTPOSITIONS2003-2012PublicWorks2003200420052006200720082009201020112012PublicWorksDepartmentAdministrationEngineeringDirector1.001.001.001.001.001.001.001.001.001.00Superintendent1.001.001.001.001.001.001.001.001.001.00EngineeringTechnicianII1.001.001.001.001.001.001.001.001.001.00AdministrativeSecretary1.001.001.001.001.001.001.001.001.001.00OperationsForeman1.001.001.001.001.001.001.001.001.001.00Crewperson10.0010.0010.0011.0011.0011.009.009.009.009.00TotalPublicWorksDepartment15.0015.0015.0016.0016.0016.0014.0014.0014.0014.00CommunityEnrichmentServicesParksandRecreationDepartmentDirector1.001.001.001.001.001.001.001.001.001.00AdministrativeSecretary1.001.001.001.001.001.001.001.001.001.00SeniorCoordinatorRecreationSupervisor1.001.001.001.001.001.001.001.001.001.00Crewperson0.000.000.000.000.000.002.002.002.002.00ProgramCoodinator0.000.000.000.000.000.000.000.000.000.00OfficeAssistant0.000.000.000.000.460.460.460.460.460.46SeniorCenterAssistant0.000.000.000.000.000.000.000.290.290.29TotalParksandRecreationDepartment3.003.003.003.003.463.465.465.755.755.75ConservationandDevelopmentPlanningandDevelopmentDepartmentDirector1.001.001.001.001.001.001.001.001.001.00PlannerI0.000.000.001.001.001.001.000.000.000.00AdministrativeSecretaryII1.001.001.000.000.000.500.500.500.500.50TotalPlanningandDevelopmentDepartm2.002.002.002.002.002.502.501.501.501.50TOTALGENERALFUND56.7556.7556.9758.7558.7560.4060.4058.7558.7560.10SPECIALREVENUEFUNDLibraryDirector1.001.001.001.001.001.001.001.001.001.00HeadofYouthServices1.001.001.001.001.001.001.001.001.001.00HeadofTechnicalServices1.001.001.001.001.001.001.001.001.001.00Librarian1.001.001.001.001.001.001.001.001.000.80LibraryAssistantIII0.000.000.000.000.000.000.000.000.000.00LibraryAssistantII0.000.000.000.000.000.000.000.000.000.00LibraryAssistantI5.505.404.694.694.694.694.734.734.734.73LibraryPage0.550.550.280.280.270.270.320.320.320.32ShelverCleaner0.000.230.230.230.230.230.230.230.230.23TotalLibrary10.0510.189.209.209.199.199.289.289.289.08CableTelevisionDivisionProgrammingCoordinator0.350.250.220.220.220.220.220.220.000.00TotalCableTelevisionDivision0.350.250.220.220.220.220.220.220.000.00TOTALSPECIALREVENUEFUND10.4010.439.429.429.429.429.429.509.289.08PERSONNELSCHEDULE159 AUTHORIZEDPERMANENTPOSITIONS2003-2012ENTERPRISEFUND2003200420052006200720082009201020112012WaterandWastewaterUtilityAdministrationUtilityDirector1.001.001.001.001.001.001.001.001.000.60UtilitySuperintendent1.001.001.001.001.001.001.001.001.001.00OperationsSupervisor1.001.000.000.000.000.000.000.000.000.00OfficeManager1.001.000.000.000.000.000.000.000.000.00AdministrativeSecretaryII0.000.000.000.000.000.250.250.250.250.00AccountingClerkII0.000.000.500.500.500.000.000.000.000.00UtilityClerkI1.001.001.001.001.001.001.001.001.000.25OfficeAssistant0.000.000.000.000.000.500.500.600.600.25OperationsOperationsForeman0.000.000.001.001.000.001.001.001.001.00LeadFieldOperator1.001.001.001.001.000.000.000.000.000.00LeadOperator-WWTP1.001.001.001.001.000.000.000.000.000.00UtilityOperator5.005.005.005.005.007.006.006.006.006.00TotalWaterandWastewaterUtility12.0012.0010.5011.5011.5010.7510.7510.8510.859.10TOTALENTERPRISEFUND12.0012.0010.5011.5011.5010.7510.7510.8510.859.10PERSONNELSCHEDULEAUTHORIZEDPERMANENTPOSITIONS2003-20122003200420052006200720082009201020112012OfficeoftheVillageAdministrator1.671.671.671.671.671.671.671.751.751.75FinanceDepartment2.332.332.332.332.332.582.582.502.503.85OfficeoftheVillageClerk1.501.501.501.501.501.501.501.501.501.50AssessingDivision0.750.750.750.750.751.001.000.500.500.50PoliceDepartment28.5028.5028.5028.5029.5029.5029.5029.5029.5029.50InspectionDepartment1.752.002.002.002.002.252.251.751.751.75PublicWorksDepartment15.0015.0015.0016.0016.0016.0014.0014.0014.0014.00ParksandRecreationDepartment3.003.003.003.003.463.465.465.755.755.75PlanningandDevelopmentDepartment2.002.002.002.002.002.502.501.501.501.50Library10.0510.189.209.209.199.199.289.289.289.08CableTelevisionDivision0.350.250.220.220.220.220.220.220.000.00WaterandWastewaterUtility12.0012.0010.5011.5011.5010.7510.7510.8510.859.10TOTALVILLAGEPERSONNEL78.9079.1876.6778.6780.1280.6280.7179.1078.8878.28160 THISPAGELEFTBLANKINTENTIONALLY161 VILLAGEOFGRAFTONWISCONSINENTERPRISEFUNDSUTILITYPLANTLASTTENFISCALYEARSCombinedWaterWastewaterGrossUtilityAccumulatedNetUtilityYearPlantDepreciationPlant2003286201678731169198889982004324782209335734231424862005333963309954037234422932006367861861066955226116634200740104733114243042868042920084026030412057889282050812009432758511291721930358632201044429750133926463103710420114560666614405134312015322012467025491539174431310805Utilityplantincludesconstructioninprogress.SourceMunicipalUtilityAnnualReportoftheGraftonWaterWastewaterUtilitytothePublicServiceCommissionofWisconsin162 VILLAGEOFGRAFTONWISCONSINENTERPRISEFUNDSUTILITYPLANTLASTTENFISCALYEARSWaterUtilityWastewaterUtilityGrossUtilityAccumulatedNetUtilityGrossUtilityAccumulatedNetUtilityYearPlantDepreciationPlantPlantDepreciationPlant2003126267502715076991167415993417601609399773242004138034732939762108637111867474763959721227877520051409243531735221091891319303895678051512523380200615967690344102112526669208184967228531135899652007173967723720972136758002270796177033321500462920081795679039561171400333922303514810177214201742200919176817424025714936560240990348676962154220722010195332104569702149635082489654088229441607359620112002870049664501506225025577966943868416139282201220533610534145015192160261689391005029416118645163 VILLAGEOFGRAFTONWISCONSINENTERPRISEFUNDSBALANCESHEETCOMBINEDWATERANDWASTEWATERUTILITYLASTTENFISCALYEARSOtherCurrentandNetUtilityPropertyandAccruedDeferredTotalYearPlantInvestmentsAssetsDebitsAssets200319888998867131513989377192590374120042314248698150036538426564277843922005234422938187724695478601128962555200626116634939334339165454573045308020072868042911344364186199471813405024520082947438712125024260665444493499200320093071854813017013589743416053565159720103103710491262435277953892935516452201131201532115538444617463614036854802201231310805125632244646603335237065139EffectiveJanuary12000GASBNo.33and34implemented.SourceAnnualFinancialReportsoftheVillageofGraftonandtheMunicipalUtilityAnnualReportoftheGraftonWaterWastewaterUtilitytothePublicServiceCommissionofWisconsin164 VILLAGEOFGRAFTONWISCONSINENTERPRISEFUNDSBALANCESHEETCOMBINEDWATERANDWASTEWATERUTILITYLASTTENFISCALYEARSCurrentandTotalTotalLongTermAccruedDeferredLiabilitiesNetYearDebtLiabilitiesCreditsandCreditsPosition20031632465586451393082258224236455172004174209846790741079225108425533308200523623197557244107931591222580343320061832581705986270625280919227643887200729527987231702849693236767299246082008382475244918321790044918353050016820093432841628689821124143642315079552010310075463728620917375895731757495201133385096482430398675232868050201231056026041100370971233355427165 VILLAGEOFGRAFTONWISCONSINENTERPRISEFUNDSINCOMEANDRETAINEDEARNINGSSTATEMENTCOMBINEDWATERANDWASTEWATERUTILITYLASTTENFISCALYEARSIncomeBeforeOperatingInterestandCapitalOperatingOperatingIncomeOtherAmortizationContributionsYearRevenuesExpensesLossIncomeChargesandTransfers2003264866820700795785895924167071570759200427167052110141606564235336569056440720052743564251727522628945004769561943372006303351626334404000768796910629838174720073219542298078823875414801713531425145720083138818278249235632616316616275635673120093224479281160041287964973174787303065201035685942881703686891570801626755812962011375978329046478551364787314319875981120123684140297449970964139748139437609952EffectiveJanuary12000GASBNo.33and34implemented.SourceAnnualFinancialReportsoftheVillageofGraftonandtheMunicipalUtilityAnnualReportoftheGraftonWaterWastewaterUtilitytothePublicServiceCommissionofWisconsin166 VILLAGEOFGRAFTONWISCONSINENTERPRISEFUNDSINCOMEANDRETAINEDEARNINGSSTATEMENTCOMBINEDWATERANDWASTEWATERUTILITYLASTTENFISCALYEARSCapitalChangesinTotalYearContributionsTransfersNetPositionNetPosition20031576462108985175072364551720041532619209235188779125533308200575788-2701252580343320061461257-18310542763448720072093393641292280721299246082008279307602135755603050016820099812342765121007787315079552010138357470113249540317574952011620947270203111055532868050201214762827020348737733355427167 VILLAGEOFGRAFTONWISCONSINENTERPRISEFUNDSOPERATINGREVENUESANDEXPENSESLASTTENFISCALYEARSCombinedWaterWastewaterOperatingOperatingOperatingIncomeYearRevenuesExpensesLoss200326486682212372436296200427151582247638467520200527367172442268294449200630335162633440400076200732195422980788238754200831388182782492356326200932244792811600412879201035685942881703686891201137597832904647855136201236841402974499709641EffectiveJanuary12000GASBNo.33and34implemented.SourceAnnualFinancialReportsoftheVillageofGraftonandthe168 VILLAGEOFGRAFTONWISCONSINENTERPRISEFUNDSOPERATINGREVENUESANDEXPENSESLASTTENFISCALYEARSWaterUtilityWastewaterUtilityOperatingOperatingOperatingOperatingIncomeOperatingOperatingIncomeYearRevenuesExpensesLossRevenuesExpensesLoss200312800219796943003271368647123267813596920041285115971972313143143004312756661543772005131468410684312462531422033137383748196200614488171131371317446158469915020698263020071573057137872119433616464851602067444182008146869812583502103481670120152414214597820091513428120185631157217110511609744101307201016173551218300399055195123916634032878362011166773511460835216522092048175856433348420121727198120766851953019569421766831190111169 VILLAGEOFGRAFTONWISCONSINENTERPRISEFUNDSWATERSALESLASTTENFISCALYEARSResidentialCommercialIndustrialAverageAverageAverageNumberofGallonsNumberofGallonsNumberofGallonsYearCustomersSoldRevenueCustomersSoldRevenueCustomersSoldRevenue20034112257008682259217591681240227074986111555200441382432436826792216525512992369637271001122005421725192570062922867690139390695531210237420064254239290765286229669851563366952991110290200742832398337578022376928817059168484039141020084324224873751721253770251717446739615898102009435223413077899326370640175042663099168298201043642212198435822715210119286465494207468320114378243120855625275873612304756527557714002012438024024289452928092978252153662960575096000OmittedDoesnotincludeunmeteredbulkwatersalesSourceMunicipalUtilityAnnualReportoftheGraftonWaterWastewaterUtilitytothePublicService170 VILLAGEOFGRAFTONWISCONSINENTERPRISEFUNDSWATERSALEScont.LASTTENFISCALYEARSPublicAuthoritiesAveragePrivateFirePublicFireTotalTotalRevenueNumberofGallonsProtectionProtectionGallonsFromSaleYearCustomersSoldRevenueRevenuesRevenuesSoldofWater200324744617009236572384943980981196996200425778918777256132383913807141195495200525613516658279452389613810621225957200626565217395285652756423649181353514200728637519228303352764403638991345806200827549018161354252787953470031345656200924939625385340322840363465221373364201025539020558348663283673281301494920201123466519999364603284883627031542447201224598619180372783296813688111607917171 VILLAGEOFGRAFTONWISCONSINENTERPRISEFUNDSWASTEWATERREVENUESLASTTENFISCALYEARSResidentialCommercialIndustrialAverageAverageAverageNumberofGallonsNumberofGallonsNumberofGallonsYearCustomersMeteredRevenueCustomersMeteredRevenueCustomersMeteredRevenue200338792164008791772165601219294666331641227492004398422039093765023262593210545632836211569720054040208357921893219646972392866325835117867200640802057491030228224670762741006338715126907200741072116251092271223638082917096328078127012200841472208441110688242731542696666422229143117200940632058691114150242656342979495922229136576201040942083491296716248629473505216024313154532201141222006731300347249668515496575919444101079201241281853421234705252849314673895918225107363000OmittedSourceMunicipalUtilityAnnualReportoftheGraftonWaterWastewaterUtility172 VILLAGEOFGRAFTONWISCONSINENTERPRISEFUNDSWASTEWATERREVENUEScont.LASTTENFISCALYEARSPublicAuthoritiesAverageOtherTotalTotalNumberofGallonsSewerageGallonsSewerageYearCustomersMeteredRevenueRevenuesMeteredRevenues200321507419315139037310650135322420042558682392611876631721314065842005204791195071234803036801422033200621544721806984343169871551475200721522926013929543087401629959200822397720503941713202041638145200917646720715825403001991651930201017321823924883582988271914051201117307124131826322900392057846201218413525015859102926331920382173 VILLAGEOFGRAFTONWISCONSINENTERPRISEFUNDSTable29WATERSOLDWATERPUMPEDANDANNUALINFLOWATWASTEWATERTREATMENTPLANTLASTTENFISCALYEARSAnnualInflowTotalatWastewaterWaterSoldWaterPumpedTreatmentPlantYear000Omitted000Omitted000Omitted2003400271515438462038200438361051494250156020053833025040604331702006366954465848513890200736617644827456270720083470034672806414092009346522474611573791201032912041770054715920113638114262215778112012372331416212514457IncludesbulkwatersalesSourceMunicipalUtilityAnnualReportoftheGraftonWaterWastewaterUtilitytothePublicServiceCommissionofWisconsinandAnnualFinancialReportoftheGraftonWaterWastewaterCommission01000002000003000004000005000002003200420052006200720082009201020112012Gallons000omittedYearGallonsofWaterSoldResidentalCommercialIndustrialPublicAuthority174 THISPAGELEFTBLANKINTENTIONALLY175 FUNCTION2003200420052006GovernmentalActivitiesNetinvestmentincapitalassets18117772185502281775164614115078Restricted1602730197259114328298765594Unrestricted6925448630720751557721037751Totalgovernmentalactivitiesnetposition26645950268300262434024723918423Business-typeActivitesNetinvestmentincapitalassets18075109212087182072671224058607Restricted867131981500818772939334Unrestricted4703277334281042579492645946Totalbusiness-typeactivitiesnetposition23645517255330282580343327643887PrimaryGovernmentNetinvestmentincapitalassets36192881397589463847835838173685Restricted2469861295409122516019704928Unrestricted11628725965001794137213683697Totalprimarygovernmentnetposition50291467523630545014368051562310VILLAGEOFGRAFTONWISCONSINCAPITALASSETSSTATISTICSBYFUNCTIONLASTTENFISCALYEARS176 VILLAGEOFGRAFTONWISCONSINCAPITALASSETSSTATISTICSBYFUNCTIONLASTTENFISCALYEARS2007200820092010201120121539000513468385154292612074264921828625229452606278068539212820076391765487159026996901634750175455613869790251591614500444431219025143090243161262613480227667297279193382822646625297847253281562704564927754384276777452816296396873612024011291412907585115061612518243658025396961131708943095526403968939406402992460830500168315079553175749532868050333554274068785238796541424749104849703349506370511082237246804659452932990512673072274088522208407133042942522411868796825468785401338252830550676985481629457642757594247926078738861581893177