Wilton\u2019s \u201ccontinuing high level of net assets contributes to the town\u2019s financial strength,\u201d according to the town\u2019s year-end status report, which Chief Financial Officer Sandy Dennies presented to the Board of Finance during its Dec. 22 meeting. According to the report, the town\u2019s net assets in fiscal year 2014 decreased by 1.6%, or $2,166,011, $302,016 of which was due to Water Pollution Control Authority and transfer station activities. The town\u2019s net assets exceeded its liabilities on June 30, the closing of the fiscal year, by $127,802,989, and of this amount, the report states, $34,272,262 of unrestricted net assets \u201cmay be used to meet the town\u2019s ongoing obligations.\u201d The town\u2019s governmental funds had a combined ending fund balance of $26,962,506 \u2014 a decrease of $1,273,779 from the prior fiscal year-end period. Revenues According to the report, revenues of governmental activities exceeded expenses by $1.783 million. More than 84% of Wilton\u2019s governmental activity revenue this year was derived from property taxes, which saw an increase of 2.2%. Grants and contributions accounted for 11% of that revenue, fees accounted for 4.3% and interest and other miscellaneous revenues accounted for less than 1%, according to the report. With a 25.99 mill rate, Wilton\u2019s property tax revenue increased by 2.2% this year, and the grand list decreased 17.1%. According to the report, \u201cthe mill rate and the grand list were impacted due to the grand list of October that was a revaluation year.\u201d The $207,818 interest income in the town\u2019s general fund was greater than budgeted by $67,818. The town invested in secure mortgage-backed securities with an average life of up to four years, which not only \u201coffered higher returns than interest-bearing bank accounts,\u201d according to the report,\u201d but yielded greater returns than expected during fiscal year 2014. The town also invested in certificates of deposit \u201cwith maturities laddered from one to three years,\u201d according to the report. An unrealized loss of $9,999 was recorded on the mortgage-backed securities and deposit certificates, according to the report, and the town \u201cintends to hold these investments to maturity so there will be no loss of principal to the town.\u201d Revenue from service charges were greater than budgeted by $424,742. According to the report, town clerk fees brought in $335,270, primarily from conveyance taxes, which brought in $267,049, and $54,968 in building permits. The town\u2019s intergovernmental revenue was also higher than budgeted \u2014 by $716,513, according to the report. Expenses Despite an \u201caustere budget,\u201d savings were achieved in the Board of Education and Board of Selectmen budgets, according to the report. The Board of Education under-expended its budget by $699,445 and the Board of Selectmen\u2019s operating budget was under-expended by $2,788,324. The town\u2019s general government savings amounted to $620,086, including a savings in human resources costs due to lower legal costs for personnel-related issues, the report says. The first selectman\u2019s and information systems costs were lower than budgeted,\u00a0 according to the report, due to \u201cbudgeted out but unfilled positions.\u201d The report also noted that capital outlay was under-expended by $566,597, but $480,788 has been carried forward to fiscal year 2015 under the Town Charter. The town saved $1,162,372 because it did not use any of the additional appropriations that were budgeted.