Governmental activities. In 2016, governmental activities increased the Village of Grafton’s net position by $454,698. Public Safety activities accounted for approximately 33 percent of the total 2016 governmental funds expenses within the Village of Grafton. Total Governmental Activity expenses increased by $1,971,340 or 14 percent from 2015. This increase is due primarily due to transfer of property located in TID No. 3 to a developer in lieu of a cash payment. As depicted in the chart below, taxes provided 66 percent of total revenue in 2016. Payments in lieu of taxes account for $300,572 or approximately 3 percent of the revenue classified as taxes. Property taxes have historically been the largest revenue source for governmental activities. VILLAGE OF GRAFTON'S STATEMENT OF ACTIVITIES Governmental Business-type Activities Activities Totals 2016 2015 2016 2015 2016 2015 Revenues Program revenues Charges for services $ 2,283,619 $ 2,110,886 $ 4,075,723 $ 3,986,365 $ 6,359,342 $ 6,097,251 Operating grants and contributions 1,131,045 1,140,654 - - 1,131,045 1,140,654 Capital grants and contributions 352,128 1,739,682 92,844 400,052 444,972 2,139,734 General Revenues Property taxes 10,073,235 9,399,115 - - 10,073,235 9,399,115 Other taxes 300,572 280,572 - - 300,572 280,572 Grants & contributions not restricted to specific programs 1,322,522 1,009,977 - - 1,322,522 1,009,977 Investment income 70,560 48,430 19,629 10,247 90,189 58,677 Other 201,632 290,531 - - 201,632 290,531 Total revenues 15,735,313 16,019,847 4,188,196 4,396,664 19,923,509 20,416,511 Expenses General government 1,257,685 1,216,629 - - 1,257,685 1,216,629 Public safety 5,152,180 5,065,908 - - 5,152,180 5,065,908 Public w orks 4,439,578 4,566,199 - - 4,439,578 4,566,199 Community enrichment services 1,602,818 1,520,100 - - 1,602,818 1,520,100 Conservation and development 2,341,224 373,609 - - 2,341,224 373,609 Interest and fiscal charges 1,018,660 1,098,360 - - 1,018,660 1,098,360 Water - - 1,425,214 1,393,228 1,425,214 1,393,228 Wastew ater - - 2,436,586 2,105,512 2,436,586 2,105,512 Total expenses 15,812,145 13,840,805 3,861,800 3,498,740 19,673,945 17,339,545 Change in net position before transfers (76,832) 2,179,042 326,396 897,924 249,564 3,076,966 Transfers 531,530 270,243 (531,530) (270,243) - - Increase in net position 454,698 2,449,285 (205,134) 627,681 249,564 3,076,966 Net position - beginning of year 37,109,311 34,660,026 34,857,211 34,229,530 71,966,522 68,889,556 Net position - end of year $37,564,009 $37,109,311 $34,652,077 $34,857,211 $72,216,086 $71,966,522 For the year ended December 31 18