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Capital Asset and Debt Administration Capital assets. The Village of Graftons investment in capital assets for its governmental and business type activities as of December 31 2014 equals 93729737 net of accumulated depreciation. This investment in capital assets includes land buildings Improvements other than buildings machinery and equipment infrastructure and construction in progress. The total increase in the Village of Graftons investment in capital assets for the current fiscal year totaled 748492 net of depreciation or a 0.8 percent increase. Capital assets for Governmental Activities increased due to the Bridge Street dam project 1237723 and street and stormwater improvements 593265. Business-type activities capital assets increased due to 392910 of water and sewer asset additions and 1693656 of wastewater additions and construction in progress related to the wastewater septic receiving station project and utility garage. For further details on capital asset activity refer to Note III D of the Notes to Financial Statements. Long-term debt. At the end of the current fiscal year the Village of Grafton has total General Obligation debt outstanding of 37815841 entirely backed by the full faith and credit of the government. The Water and Wastewater Utility has 1160000 of outstanding revenue bonds to be paid through the collection of user fees. No new debt was issued in 2014. Village of Graftons Capital Assets Governmental Business-type Activities Activities Total 2014 2013 2014 2013 2014 2013 Land including easements 14782433 14360061 538255 538255 15320688 14898316 Buildings improvements and equipment 28956132 29064149 51020487 48416733 79976619 77480882 Infrastructure 36299704 34373775 - - 36299704 34373775 Construction in progress 55613 929416 890 810090 56503 1739506 Total Capital Assets 80093882 78727401 51559632 49765078 131653514 128492479 Less Accumulated Depreciation 20642197 19171030 17281580 16340204 37923777 35511234 Capital Assets net of Depreciation 59451685 59556371 34278052 33424874 93729737 92981245.0 24