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2015 will be applied to the debt service requirement and any additional funds received will be applied to the fund balance to pay for future debt service requirements. The Debt Service Fund advanced the Impact Fee Debt Service Fund 42976 in 2014 to meet the debt service requirements of the fund. The Capital Projects Funds provide funding for capital projects of the Village of Grafton or other unique expenditures which are not normal operating or maintenance type expenditures reportable within the general fund or other governmental funds. The total fund balance as of December 31 2014 is 2868936 of which 1413430 is related to capital equipment funds to be used for future capital purchases of the Fire Department. TID No. 3 Downtown Redevelopment has a deficit fund balance of 1221632 due to purchases of land anticipated to be sold and a decrease in increment revenue from a decline in property value. Proprietary fund. The Village of Graftons proprietary funds provide the same type of information found in the government-wide financial statements but in more detail. Unrestricted net positions of the Water and Wastewater Utilities at the end of the year amounted to 4041997 a decrease of 442962 from December 31 2013. The total growth in total net position was 172079. The financial statements and a statement of cash flows for the proprietary funds can be found on pages 39 - 42 of this report. General Fund Budgetary Highlights Differences between the original budget and the final amended budget were relatively minor. Total actual revenues were more than budgeted revenues by 362038. Licenses and Permits Intergovernmental Charges for Services Public Charges for Services Intergovernmental Revenue and tax related revenue exceeded budget by 223009 45342 44920 28346 and 7366 respectively. Fines and Forfeitures and Investment Earnings were less than budgeted by 16317 and 10898 respectively. Actual expenditures were less than budgeted expenditures by 533435. The Public Safety General Government Public Works and Conservation and Development program areas had favorable variances of 110742 27521 26698 and 15470 respectively. The Contingency account also had a favorable variance of 353474. Because expenditures were less than budgetary estimates the need to draw upon the fund balance of 631549 was not required. The favorable variance in revenues and expenditures aided in the increase of the General Funds fund balance by 262744. 23