With Comparative Actual Amounts for the Year Ended June 30, REVENUES Ad Valorem Taxes Current Year $85,240,413 85,240,413 86,625,224 1,384,811 79,091,212 Prior Years 150,000 150,000 600,917 450,917 709,202 Penalties and Interest 65,000 65,000 74,269 9,269 99,748 TOTAL 85,455,413 85,455,413 87,300,410 1,844,997 79,900,162 Other Taxes and Licenses ABC Revenue 732,800 732,800 860,319 127,519 765,353 Wake County Sales Tax 13,092,057 13,092,057 14,036,341 944,284 12,970,528 One Half Cent Sales Tax 15,622,982 15,622,982 16,485,974 862,992 15,240,918 Business Licenses --- --- 13 13 1,534,910 Occupancy Tax 978,445 978,445 1,130,099 151,654 1,035,772 Animal Licenses 6,500 6,500 7,035 535 6,650 Rental Vehicle Tax 110,000 110,000 99,180 (10,820) 96,540 TOTAL 30,542,784 30,542,784 32,618,961 2,076,177 31,650,671 Unrestricted Intergovernmental Utility & Piped Natural Gas Sales Tax 9,543,059 9,543,059 10,049,822 506,763 9,830,511 Wine and Beer Tax 700,340 700,340 652,512 (47,828) 689,990 TOTAL 10,243,399 10,243,399 10,702,334 458,935 10,520,501 Restricted Intergovernmental Federal Grants --- --- 373,384 373,384 212,138 State Grants --- --- 43,893 43,893 45,376 County Grants & Other Restricted Funding 247,270 247,270 273,174 25,904 255,855 TOTAL 247,270 247,270 690,451 443,181 513,369 Permits and Fees Building Permits 2,800,000 2,800,000 2,827,859 27,859 2,665,916 Rezoning/ Request Fees 40,000 40,000 42,700 2,700 29,800 Site/Final Plan Review Fees 160,000 160,000 215,350 55,350 157,550 Inspection Fees 365,000 365,000 583,893 218,893 446,385 Traffic Impact Analysis Fee 107,000 107,000 196,153 89,153 143,910 Grading Permits 132,000 132,000 301,762 169,762 128,921 Miscellaneous Permits & Fees 210,000 210,000 531,771 321,771 300,300 TOTAL 3,814,000 3,814,000 4,699,488 885,488 3,872,782 www.townofcary.org 39
With Comparative Actual Amounts for the Year Ended June 30, Sales and Services Sanitation Fees $9,079,175 9,079,175 8,983,708 (95,467) 8,224,988 Rental Revenue 459,473 71,073 211,948 140,875 26,895 Cellular Tower Lease Proceeds 783,601 783,601 870,369 86,768 873,413 Community Recreation Misc. Program Revenues --- 25,000 81,794 56,794 --- Sports Program Revenues 924,000 702,200 623,875 (78,325) 839,614 Senior Program Revenues --- 152,500 161,616 9,116 --- Community Center Program Revenues 43,100 1,189,010 1,290,369 101,359 49,796 Outdoor Recreation Program Revenues --- 221,295 202,018 (19,277) --- Environmental (Steven's Nature) Program Revenues --- 42,250 58,901 16,651 --- Cultural Arts Misc. Program Revenues 84,000 --- --- --- 128,760 Cary Art Center Program Revenues 661,000 661,000 804,571 143,571 746,035 The Cary Theater Program Revenues 130,000 130,000 139,681 9,681 127,959 Downtown Events Program Revenues 5,000 5,000 9,820 4,820 9,060 Festival & Outdoor Program Revenues 130,375 130,375 173,527 43,152 124,128 Historic (Page-Walker) Program Revenues --- 126,000 120,502 (5,498) --- Sports Venue Misc. Program Revenues --- 215,000 187,919 (27,081) --- Tennis Park Revenues 1,671,500 1,671,500 1,636,884 (34,616) 1,479,917 Skate Park Revenues 130,000 130,000 129,719 (281) 121,596 Soccer Park Revenues 625,000 625,000 643,620 18,620 648,524 USA Baseball Revenues 498,000 504,800 533,694 28,894 551,150 Miscellaneous Parks & Recreation Program Revenues 1,248,000 33,000 39,091 6,091 1,527,412 Miscellaneous Sales and Services 339,000 314,000 321,478 7,478 363,309 TOTAL 16,811,224 16,811,779 17,225,104 413,325 15,842,556 Investment Earnings 635,580 635,580 866,647 231,067 546,709 Market Adjustment --- --- 342,895 342,895 69,691 Investment Earnings, net 635,580 635,580 1,209,542 573,962 616,400 Miscellaneous Donations 143,750 140,500 52,881 (87,619) 44,262 Wake County Reimbursement 404,000 404,000 540,511 136,511 542,696 NCDOT Traffic Signal Reimbursement 462,448 462,448 546,669 84,221 620,920 Miscellaneous Revenues 584,220 584,220 756,432 172,212 357,136 TOTAL 1,594,418 1,591,168 1,896,493 305,325 1,565,014 TOTAL REVENUES 149,344,088 149,341,393 156,342,783 7,001,390 144,481,455 www.townofcary.org 40
With Comparative Actual Amounts for the Year Ended June 30, EXPENDITURES GENERAL GOVERNMENT Legislative (4110) Personnel Services $170,090 170,090 120,185 49,905 125,800 Operations & Maintenance 674,643 702,561 574,686 127,875 515,728 TOTAL 844,733 872,651 694,871 177,780 641,528 Town Clerk (4130) Personnel Services 317,624 318,955 274,487 44,468 318,079 Operations & Maintenance 366,949 368,617 240,484 128,133 62,382 TOTAL 684,573 687,572 514,971 172,601 380,461 Legal (4140) Personnel Services 507,693 507,693 499,159 8,534 398,204 Operations & Maintenance 882,863 884,531 205,307 679,224 235,443 TOTAL 1,390,556 1,392,224 704,466 687,758 633,647 Town Manager's Office (4200,4240) Personnel Services 1,469,381 1,470,222 1,309,551 160,671 1,427,472 Operations & Maintenance 526,017 529,395 216,739 312,656 186,440 TOTAL 1,995,398 1,999,617 1,526,290 473,327 1,613,912 (4210) Personnel Services 568,546 568,546 511,053 57,493 531,732 Operations & Maintenance 53,421 55,507 30,588 24,919 28,721 TOTAL 621,967 624,053 541,641 82,412 560,453 Public Information (4220) Personnel Services 901,613 906,005 899,665 6,340 823,415 Operations & Maintenance 119,812 121,434 96,879 24,555 59,864 Capital Outlay 32,924 32,924 32,623 301 47,843 TOTAL 1,054,349 1,060,363 1,029,167 31,196 931,122 Technology Services (4500) Personnel Services 3,244,400 3,244,400 2,689,797 554,603 2,658,401 Operations & Maintenance 5,487,390 5,523,278 4,706,849 816,429 3,869,593 Reimbursement from the Soccer Park (7,218) (7,218) (7,218) --- (7,218) Capital Lease Purchases 1,300,000 1,300,000 1,039,101 260,899 765,816 TOTAL, net 10,024,572 10,060,460 8,428,529 1,631,931 7,286,592 www.townofcary.org 41
With Comparative Actual Amounts for the Year Ended June 30, Accounting (4410) Personnel Services $1,811,157 1,811,157 1,670,389 140,768 1,735,568 Operations & Maintenance 1,122,018 1,041,556 949,221 92,335 931,860 TOTAL 2,933,175 2,852,713 2,619,610 233,103 2,667,428 Purchasing (4420) Personnel Services 726,323 726,323 679,202 47,121 617,539 Operations & Maintenance 282,523 351,488 316,681 34,807 233,629 TOTAL 1,008,846 1,077,811 995,883 81,928 851,168 Human Resources (4600) Personnel Services 1,550,562 1,550,562 1,488,425 62,137 1,602,231 Operations & Maintenance 1,284,532 1,265,554 1,205,701 59,853 1,112,375 TOTAL 2,835,094 2,816,116 2,694,126 121,990 2,714,606 Self-Insurance Workers' Compensation 1,500,000 1,500,000 1,569,720 (69,720) 1,296,891 Small Claims 959,844 1,104,503 177,368 927,135 412,993 Reimbursement from Fleet Management Internal Service Fund (18,137) (18,137) (18,137) --- (17,439) Reimbursement from Utility Systems Enterprise Fund (224,238) (224,238) (224,238) --- (376,109) TOTAL, net 2,217,469 2,362,128 1,504,713 857,415 1,316,336 Indirect Cost Reimbursements from Other Funds Fleet Management Internal Service Fund (382,902) (382,902) (382,902) --- (369,882) Utility System Enterprise Fund (3,331,350) (3,331,350) (3,331,350) --- (2,660,637) TOTAL (3,714,252) (3,714,252) (3,714,252) --- (3,030,519) TOTAL GENERAL GOVERNMENT, net 21,896,480 22,091,456 17,540,015 4,551,441 16,566,734 PUBLIC SAFETY Police (5110, 5120) Personnel Services 21,442,447 21,448,241 21,154,067 294,174 20,796,491 Operations & Maintenance 2,392,219 2,570,602 2,079,300 491,302 1,804,767 Capital Outlays 1,023,491 1,012,127 938,112 74,015 319,664 Reimbursement from Parks, Recreation & Culture (13,223) (10,343) (39,313) 28,970 --- TOTAL, net 24,844,934 25,020,627 24,132,166 888,461 22,920,922 Law Enforcement Separation Allowance Pension Benefits Paid 494,103 494,103 328,502 165,601 364,195 www.townofcary.org 42
With Comparative Actual Amounts for the Year Ended June 30, Fire (5300) Personnel Services $18,953,121 18,954,868 18,638,972 315,896 18,278,336 Operations & Maintenance 1,742,962 1,914,964 1,614,352 300,612 1,744,828 Capital Outlays --- --- --- --- 157,647 TOTAL 20,696,083 20,869,832 20,253,324 616,508 20,180,811 TOTAL PUBLIC SAFETY, net 46,035,120 46,384,562 44,713,992 1,670,570 43,465,928 GENERAL OPERATIONS Public Works - Administration (7010) Personnel Services 1,189,438 1,189,438 1,068,056 121,382 1,080,433 Operations & Maintenance 151,236 153,338 116,741 36,597 104,030 Reimbursement from Utility System Enterprise Fund (749,876) (749,876) (670,981) (78,895) (652,617) TOTAL, net 590,798 592,900 513,816 79,084 531,846 Facilities Management (7015) Personnel Services 7,304,208 7,304,208 7,187,871 116,337 6,956,334 Operations & Maintenance 10,187,426 10,261,193 8,560,411 1,700,782 8,534,476 Capital Outlays 457,292 582,292 511,867 70,425 450,723 Reimbursement from Other Parks, Recreation & Culture (2,768,150) (2,926,846) (2,244,428) (682,418) (2,413,918) Reimbursement from Utility System Enterprise Fund (127,527) (127,527) (209,359) 81,832 (166,817) TOTAL, net 15,053,249 15,093,320 13,806,362 1,286,958 13,360,798 Field Operations (7020) Personnel Services 8,589,843 8,490,341 8,352,171 138,170 8,060,373 Operations & Maintenance 6,104,377 6,104,126 4,588,384 1,515,742 5,031,374 Capital Outlays 446,262 629,262 400,520 228,742 859,512 Reimbursement from Utility System Enterprise Fund (10,029,246) (10,029,246) (9,277,991) (751,255) (9,661,456) TOTAL, net 5,111,236 5,194,483 4,063,084 1,131,399 4,289,803 Solid Waste Management (7025) Personnel Services 2,042,387 1,977,476 1,923,550 53,926 1,945,663 Operations & Maintenance 2,879,737 2,894,637 2,668,974 225,663 2,622,552 Capital Outlays 63,210 63,210 63,003 207 --- TOTAL 4,985,334 4,935,323 4,655,527 279,796 4,568,215 Recycling (7026) Personnel Services 886,279 886,279 821,233 65,046 819,852 Operations & Maintenance 842,449 855,581 789,348 66,233 746,207 TOTAL 1,728,728 1,741,860 1,610,581 131,279 1,566,059 www.townofcary.org 43
With Comparative Actual Amounts for the Year Ended June 30, Yard Waste Division (7027) Personnel Services $1,637,579 1,637,579 1,352,921 284,658 1,376,396 Operations & Maintenance 933,010 951,694 922,215 29,479 907,222 Capital Outlays 217,076 217,076 53,252 163,824 88,912 TOTAL 2,787,665 2,806,349 2,328,388 477,961 2,372,530 Total Public Works, net 30,257,010 30,364,235 26,977,758 3,386,477 26,689,251 Parks, Recreation and Cultural Arts Administration (6210) Personnel Services 1,006,179 974,739 867,678 107,061 848,634 Operations & Maintenance 541,078 758,544 450,302 308,242 371,606 TOTAL 1,547,257 1,733,283 1,317,980 415,303 1,220,240 Community Recreation (6250) Community Recreation Administration Personnel Services 2,262,923 353,205 248,178 105,027 2,003,663 Operations & Maintenance 1,220,535 139,373 127,108 12,265 1,035,069 Capital Outlays 22,479 --- --- --- 35,258 TOTAL 3,505,937 492,578 375,286 117,292 3,073,990 Sports Programs (6251) Personnel Services 905,171 701,699 670,113 31,586 862,453 Operations & Maintenance 986,403 719,381 594,414 124,967 814,910 Capital Outlays 21,255 21,255 21,195 60 --- TOTAL 1,912,829 1,442,335 1,285,722 156,613 1,677,363 Senior Programs (6252) Personnel Services --- 342,006 323,577 18,429 --- Operations & Maintenance --- 187,726 164,665 23,061 --- TOTAL --- 529,732 488,242 41,490 --- Community Centers (6253) Personnel Services --- 974,089 971,062 3,027 --- Operations & Maintenance 43,100 713,617 674,455 39,162 44,614 Capital Outlays --- --- 455 (455) --- TOTAL 43,100 1,687,706 1,645,972 41,734 44,614 Outdoor Recreation Programs (6254) Personnel Services --- 255,181 242,902 12,279 --- Operations & Maintenance --- 173,235 125,215 48,020 --- Capital Outlays --- 27,686 27,293 393 --- TOTAL --- 456,102 395,410 60,692 --- www.townofcary.org 44
With Comparative Actual Amounts for the Year Ended June 30, Environmental Programs (Steven's Nature Center 6255) Personnel Services $ --- 234,856 232,545 2,311 --- Operations & Maintenance --- 67,175 47,430 19,745 10,446 TOTAL --- 302,031 279,975 22,056 10,446 Total Community Recreation 5,461,866 4,910,484 4,470,607 439,877 4,806,413 Cultural Arts & Downtown Cultural Arts Administration (6355) Personnel Services 576,675 714,611 707,956 6,655 560,400 Operations & Maintenance 400,775 317,869 264,121 53,748 365,283 TOTAL 977,450 1,032,480 972,077 60,403 925,683 Cary Arts Center (6350) Personnel Services 1,277,269 1,006,385 1,002,819 3,566 1,171,987 Operations & Maintenance 859,648 875,702 679,368 196,334 567,703 Capital Outlays --- --- --- --- --- TOTAL 2,136,917 1,882,087 1,682,187 199,900 1,739,690 The Cary Theatre (6351) Personnel Services 231,428 231,428 172,342 59,086 198,553 Operations & Maintenance 513,000 519,944 363,574 156,370 231,242 TOTAL 744,428 751,372 535,916 215,456 429,795 Special Downtown Events (6352) Personnel Services 61,481 --- --- --- 66,652 Operations & Maintenance 257,225 227,225 119,874 107,351 62,936 TOTAL 318,706 227,225 119,874 107,351 129,588 Festivals & Outdoor Programming (6353) Operations & Maintenance 130,375 160,375 142,288 18,087 111,155 Historic Programs (Page-Walker Hotel 6354) Personnel Services --- 282,763 242,303 40,460 --- Operations & Maintenance --- 86,146 76,890 9,256 --- TOTAL --- 368,909 319,193 49,716 --- Regency Amphitheatre (6356) Operations & Maintenance 694,483 637,539 (45,086) 682,625 647,765 Capital Outlays 68,300 82,500 21,307 61,193 87,150 TOTAL 762,783 720,039 (23,779) 743,818 734,915 Total Cultural Arts & Downtown 5,070,659 5,142,487 3,747,756 1,394,731 4,070,826 www.townofcary.org 45
With Comparative Actual Amounts for the Year Ended June 30, Sports Venue Sports Venue Administration (6305) Personnel Services $ --- 345,944 343,536 2,408 --- Operations & Maintenance --- 130,859 67,916 62,943 --- TOTAL --- 476,803 411,452 65,351 --- Tennis Park (6310) Personnel Services 1,278,199 1,308,199 1,303,815 4,384 1,252,662 Operations & Maintenance 755,215 771,510 720,100 51,410 499,967 TOTAL 2,033,414 2,079,709 2,023,915 55,794 1,752,629 Skate Park (6320) Personnel Services 176,349 176,349 170,082 6,267 170,421 Operations & Maintenance 78,794 79,844 62,825 17,019 74,556 TOTAL 255,143 256,193 232,907 23,286 244,977 Soccer Park (6330) Personnel Services 221,394 153,692 147,812 5,880 217,151 Operations & Maintenance 1,327,634 1,308,723 1,090,034 218,689 1,197,245 Capital Outlays --- 24,000 --- 24,000 --- TOTAL 1,549,028 1,486,415 1,237,846 248,569 1,414,396 USA Baseball (6340) Personnel Services 148,864 158,712 150,920 7,792 139,903 Operations & Maintenance 986,609 991,477 730,596 260,881 924,791 Capital Outlays --- 8,334 8,334 --- 44,850 TOTAL 1,135,473 1,158,523 889,850 268,673 1,109,544 Total Sports Venue 4,973,058 5,457,643 4,795,970 661,673 4,521,546 Total Parks, Recreation & Cultural Arts 17,052,840 17,243,897 14,332,313 2,911,584 14,619,025 TOTAL GENERAL OPERATIONS, net 47,309,850 47,608,132 41,310,071 6,298,061 41,308,276 DEVELOPMENT AND INFRASTRUCTURE Planning (5505) Personnel Services 2,436,459 2,436,459 2,087,599 348,860 2,112,692 Operations & Maintenance 393,771 404,843 280,423 124,420 390,350 TOTAL 2,830,230 2,841,302 2,368,022 473,280 2,503,042 www.townofcary.org 46
With Comparative Actual Amounts for the Year Ended June 30, Planning-Affordable Housing (5507) Personnel Services $190,548 190,548 152,997 37,551 189,554 Operations & Maintenance 9,227 9,820 3,267 6,553 3,313 TOTAL 199,775 200,368 156,264 44,104 192,867 Inspections and Permits (5510) Personnel Services 4,111,790 4,111,790 3,913,778 198,012 3,799,492 Operations & Maintenance 266,537 288,929 212,742 76,187 210,769 Capital Outlays 56,463 56,463 57,781 (1,318) 53,734 TOTAL 4,434,790 4,457,182 4,184,301 272,881 4,063,995 Development Support Services (5515) Personnel Services 976,586 976,586 851,334 125,252 785,671 Operations & Maintenance 46,082 61,798 26,187 35,611 78,546 TOTAL 1,022,668 1,038,384 877,521 160,863 864,217 Total Development 8,487,463 8,537,236 7,586,108 951,128 7,624,121 Facility Design & Transportation Services (3600) Personnel Services 4,384,778 4,384,778 4,052,814 331,964 3,756,540 Operations & Maintenance 1,788,718 1,811,190 884,363 926,827 709,185 Capital Outlay 16,696 16,696 16,693 3 40,983 TOTAL 6,190,192 6,212,664 4,953,870 1,258,794 4,506,708 Water Resources (3500) Personnel Services 2,490,594 2,490,594 2,276,650 213,944 2,291,359 Operations & Maintenance 285,829 297,879 172,679 125,200 131,562 Capital Outlay 46,764 46,764 47,411 (647) 26,598 TOTAL 2,823,187 2,835,237 2,496,740 338,497 2,449,519 Total Infrastructure 9,013,379 9,047,901 7,450,610 1,597,291 6,956,227 DEVELOPMENT AND INFRASTRUCTURE 17,500,842 17,585,137 15,036,718 2,548,419 14,580,348 Long Term Debt Principal 10,522,670 10,522,670 10,555,953 (33,283) 10,417,753 Interest 3,958,509 3,958,509 3,612,236 346,273 3,978,512 Miscellaneous expense 883,450 883,450 283,401 600,049 227,895 Reimbursement from Utility Fund for Open Space (890,446) (890,446) (890,446) --- (918,229) TOTAL DEBT SERVICE, net 14,474,183 14,474,183 13,561,144 913,039 13,705,931 www.townofcary.org 47
With Comparative Actual Amounts for the Year Ended June 30, CONTINGENCIES $967,857 1,043 --- 1,043 --- TOTAL EXPENDITURES, net 148,184,332 148,144,513 132,161,940 15,982,573 129,627,217 Revenues Over Expenditures 1,159,756 1,196,880 24,180,843 22,983,963 14,854,238 OTHER FINANCING SOURCES (USES) Transfers In (Out), net: Transit Special Revenue Fund (1,279,838) (1,281,506) (1,281,506) --- (1,695,172) Economic Development Fund (282,000) (602,450) (602,450) --- (579,200) Capital Reserve Sub-Fund (4,444,534) (4,444,534) (4,444,534) --- --- Streets Capital Project Sub-Fund (600,000) (600,000) (600,000) --- (5,100,000) Downtown Capital Project Sub-Fund (800,000) (8,764,590) (8,764,590) --- (850,000) General Government Capital Project Sub-Fund (2,682,650) (2,682,650) (2,682,650) --- (3,731,095) Fire Capital Project Sub-Fund (250,000) (250,000) (250,000) --- (1,550,000) Parks and Recreation Capital Project Sub-Fund (883,000) (1,869,815) (1,869,815) --- (1,666,500) Proceeds from Sale of Assets 200,000 200,000 591,684 391,684 219,439 Capital Lease Proceeds 1,300,000 1,300,000 1,039,101 (260,899) 765,816 General Obligation Bonds Issued 475,000 475,000 13,702,041 13,227,041 --- Payment to Escrow for Advanced Defeasance of General Obligation Bonds --- --- (13,659,660) (13,659,660) --- Appropriation from Fund Balance 8,087,266 17,323,665 --- (17,323,665) --- TOTAL OTHER FINANCING USES, net (1,159,756) (1,196,880) (18,822,379) (17,625,499) (14,186,712) Revenues and Other Sources Over Expenditures and Other Uses $ --- --- 5,358,464 5,358,464 667,526 FUND BALANCE - Beginning of Year 96,016,057 95,348,531 Prior Period Adjustment - LEO Pension Fund 1,370,527 --- FUND BALANCE - Beginning of Year, restated 97,386,584 95,348,531 FUND BALANCE - End of Year $102,745,048 96,016,057 The accompanying notes are an integral part of these basic financial statements. www.townofcary.org 48