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Government-wide Financial Analysis As noted earlier net position may serve over time as a useful indicator of a governments financial position. For the Village of Grafton total net position was 66893756 at the close of 2014. The largest portion of the Village of Graftons December 31 2014 net position approximately 82 percent reflects its net investment in capital assets e.g. land buildings machinery and equipment. The Village of Grafton uses these capital assets to provide services to citizens consequently these assets are not available for future spending. Although the Village of Graftons net investment in its capital assets is reported net of debt it should be noted that the resources needed to repay this debt must be provided from other sources since the capital assets themselves cannot be used to liquidate these liabilities. An additional portion of the Village of Graftons net position approximately 4 percent represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position 9687083 may be used to meet the Villages ongoing obligations to citizens creditors and employees. Total capital assets increased by 748492 net of depreciation or 1.0 percent in 2014. In 2014 1834200 in governmental assets were added. However additions were offset by net disposals of 229511 and depreciation of 1709195. Business type capital assets of 2086566 were added in 2014 but offset by 1233388 in depreciation. Governmental activities. In 2014 governmental activities increased the Village of Graftons net position by 1994317. The key element in the increase in the Villages net VILLAGE OF GRAFTONS NET POSITION Governmental Business-type Activities Activities 2014 2013 2014 2013 2014 2013 Current and other assets 18666565 18807695 5160720 6659977 23827285 25467672 Capital assets 59451685 59556371 34278052 33424874 93729737 92981245 Total Assets 78118250 78364066 39438772 40084851 117557022 118448917 Deferred outflows of resources 384728 528214 90231 100165 474959 628379 Long-term liabilities outstanding 32314915 34989558 4480955 4968718 36795870 39958276 Other liabilities 3791516 3595186 1017463 1357792 4808979 4952978 Total Liabilities 36106431 38584744 5498418 6326510 41604849 44911254 Deferred Inflow of resources 9533376 9438682 - - 9533376 9438682 Net position Net Investment in capital assets 25406680 23046407 29495218 28162812 54901898 51209219 Restricted 1811405 2209985 658601 1210735 2470006 3420720 Unrestricted 5645086 5612462 3876766 4484959 9521852 10097421 Total net position 32863171 30868854 34030585 33858506 66893756 64727360 Totals As of December 31 18