VILLAGE OF GRAFTON NOTES TO FINANCIAL STATEMENTS As of and for the Year Ended December 31, 2016 NOTE III - DETAILED NOTES ON ALL FUNDS (cont.) D. CAPITAL ASSETS (cont.) Business-type Activities (cont.) Beginning Balance Additions Deletions Ending Balance Wastewater Capital assets not being depreciated/amortized Land $ 405,939 $ - $ - $ 405,939 Intangible assets - easements 19,783 - - 19,783 Construction in progress 158,281 2,342,656 2,498,221 2,716 Total Capital Assets Not Being Depreciated/Amortized 584,003 2,342,656 2,498,221 428,438 Capital assets being depreciated Property and equipment 29,373,702 2,710,174 272,655 31,811,221 Total Capital Assets Being Depreciated 29,373,702 2,710,174 272,655 31,811,221 Total Capital Assets 29,957,705 5,052,830 2,770,876 32,239,659 Less: Accumulated depreciation for Property and equipment (11,876,859) (761,548) 194,655 (12,443,752) Total Accumulated Depreciation (11,876,859) (761,548) 194,655 (12,443,752) Net Capital Assets Being Depreciated 17,496,843 1,948,626 78,000 19,367,469 Net Wastewater Capital Assets $ 18,080,846 $ 4,291,282 $ 2,576,221 $ 19,795,907 Business-type Capital Assets, Net of Accumulated Depreciation $ 34,311,382 $ 5,200,916 $ 3,223,324 $ 36,288,974 Depreciation expense was charged to functions as follows: Business-type Activities Water $ 473,613 Wastewater 782,286 Total Business-type Activities Depreciation Expense $ 1,255,899 Depreciation expense does not agree to the increases in accumulated depreciation for the Business-type activities due to joint metering. 68