Economic Factors and Next Year’s Budgets and Rates • The unemployment rate as of December 31, 2016, for Ozaukee County, which includes the Village of Grafton, was 3.0 percent. This compares with an unemployment rate of 3.7 percent for the State of Wisconsin and a national unemployment rate of 4.7 percent. • The rate of inflation for the Milwaukee, Wisconsin metro area increased by 0.7 percent for 2016, while the 2015 equalized tax rate for taxes collected for 2016 operations decreased 2.4 percent from 2015. However, the tax levy increased by $146,991 or 2.0 percent. • Of the fund balance in the general fund $1,144,008 is assigned and is available for spending in the 2017 budget. It is intended that the use of available fund balance will lessen the required tax levy yet meet Village of Grafton guidelines to maintain a minimum unassigned fund balance of 25 percent of General Fund expenses. Requests for Information This financial report is designed to provide a general overview of the Village of Grafton’s finances for all those with an interest in the government’s finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the Department of Administrative Services, 860 Badger Circle, Grafton, WI 53024. General information relating to the Village of Grafton, Wisconsin, can be found at the Village’s website, http://www.QualityLifeGrafton.com. 24