With Comparative Actual Amounts for the Year Ended June 30, REVENUES Ad Valorem Taxes Current Year $76,402,733 76,402,733 78,069,572 1,666,839 70,579,959 Prior Years 150,000 150,000 467,746 317,746 396,796 Penalties and Interest 65,000 65,000 150,115 85,115 121,219 TOTAL 76,617,733 76,617,733 78,687,433 2,069,700 71,097,974 Other Taxes and Licenses ABC Revenue 605,876 605,876 662,370 56,494 640,463 Wake County Sales Tax 10,943,957 10,943,957 12,058,446 1,114,489 11,054,437 One Half Cent Sales Tax 12,955,436 12,955,436 13,836,398 880,962 12,954,527 Business Licenses 1,686,295 1,686,295 1,665,233 (21,062) 1,671,965 Occupancy Tax 870,000 870,000 931,852 61,852 838,514 Animal Licenses 5,576 5,576 6,340 764 6,495 Rental Vehicle Tax 77,000 77,000 87,321 10,321 80,959 TOTAL 27,144,140 27,144,140 29,247,960 2,103,820 27,247,360 Unrestricted Intergovernmental Franchise Taxes 6,728,576 6,728,576 7,193,708 465,132 6,928,255 Wine and Beer Tax 613,661 613,661 622,953 9,292 561,903 TOTAL 7,342,237 7,342,237 7,816,661 474,424 7,490,158 Restricted Intergovernmental Federal Grants 87,705 237,209 979,071 741,862 204,943 State Grants --- 13,000 45,559 32,559 44,858 County Grants & Other Restricted Funding 237,445 237,445 247,781 10,336 237,735 TOTAL 325,150 487,654 1,272,411 784,757 487,536 Permits and Fees Building Permits 2,600,000 2,600,000 3,416,028 816,028 2,928,318 Rezoning/ Request Fees 20,000 20,000 56,200 36,200 29,300 Site/Final Plan Review Fees 140,000 140,000 170,250 30,250 157,700 Inspection Fees 350,000 350,000 540,913 190,913 547,309 Traffic Impact Analysis Fee 234,000 234,000 115,222 (118,778) 336,199 Grading Permits 125,000 125,000 287,260 162,260 197,705 Miscellaneous Permits & Fees 199,055 199,055 487,623 288,568 407,059 TOTAL 3,668,055 3,668,055 5,073,496 1,405,441 4,603,590 www.townofcary.org 37
With Comparative Actual Amounts for the Year Ended June 30, Sales and Services Sanitation Fees $8,030,258 8,030,258 8,011,556 (18,702) 7,224,080 Recreation Fees 1,072,000 1,072,000 1,170,677 98,677 1,084,485 Athletic Fees 854,210 854,210 880,055 25,845 863,682 Arts and Crafts 60,000 60,000 89,398 29,398 75,045 Ticket Sales --- --- 115 115 140 Rental Revenue 392,472 392,472 444,696 52,224 378,655 Parks and Recreation Retail Sales 31,000 31,000 31,518 518 32,117 Tennis Park Revenue 1,445,990 1,445,990 1,443,936 (2,054) 1,319,860 Skate Park Revenue 174,500 174,500 124,266 (50,234) 148,045 Soccer Park Revenue 705,764 705,764 634,005 (71,759) 497,494 USA Baseball Revenue 470,875 470,875 505,093 34,218 485,395 Downtown Facilities Revenue 623,080 623,080 787,342 164,262 590,849 Miscellaneous Sales and Services 147,079 147,079 248,074 100,995 233,055 TOTAL 14,007,228 14,007,228 14,370,731 363,503 12,932,902 Investment Earnings 266,307 266,307 416,502 150,195 457,595 Market Adjustment --- --- 186,335 186,335 (245,804) Investment Earnings, net 266,307 266,307 602,837 336,530 211,791 Miscellaneous Recycled Goods 200,000 200,000 219,468 19,468 208,344 Cellular Tower Lease Proceeds 783,601 783,601 758,037 (25,564) 952,617 Donations 159,735 168,935 60,248 (108,687) 148,044 Festival Revenues 149,505 149,505 118,381 (31,124) 141,249 Teen Council 49,181 49,181 24,089 (25,092) 25,330 Wake County Reimbursement 433,178 433,178 402,713 (30,465) 388,004 Morrisville Reimbursement --- --- 5,127 5,127 3,863 NCDOT Traffic Signal Reimbursement 695,641 695,641 481,823 (213,818) 958,880 Miscellaneous Revenues 374,944 374,944 678,574 303,630 523,098 TOTAL 2,845,785 2,854,985 2,748,460 (106,525) 3,349,429 TOTAL REVENUES 132,216,635 132,388,339 139,819,989 7,431,650 127,420,740 www.townofcary.org 38
With Comparative Actual Amounts for the Year Ended June 30, EXPENDITURES GENERAL GOVERNMENT Legislative Personnel Services $163,925 163,925 132,463 31,462 130,421 Operations & Maintenance 735,020 737,930 637,420 100,510 681,226 TOTAL 898,945 901,855 769,883 131,972 811,647 Town Clerk Personnel Services 299,082 299,082 284,425 14,657 286,301 Operations & Maintenance 402,259 402,660 173,047 229,613 42,439 TOTAL 701,341 701,742 457,472 244,270 328,740 Legal Personnel Services 388,010 388,010 379,787 8,223 366,490 Operations & Maintenance 1,544,312 1,546,219 654,825 891,394 1,001,414 TOTAL 1,932,322 1,934,229 1,034,612 899,617 1,367,904 Town Manager's Office Personnel Services 852,461 1,149,174 1,101,524 47,650 813,469 Operations & Maintenance 292,080 281,424 139,025 142,399 96,570 Capital Outlay --- --- 79 (79) --- TOTAL 1,144,541 1,430,598 1,240,628 189,970 910,039 Personnel Services 578,777 578,777 460,503 118,274 590,587 Operations & Maintenance 58,696 59,700 38,934 20,766 62,986 TOTAL 637,473 638,477 499,437 139,040 653,573 Public Information Personnel Services 456,286 539,178 526,094 13,084 433,215 Operations & Maintenance 114,322 115,723 88,248 27,475 153,669 Capital Outlay 127,111 127,111 107,773 19,338 34,370 TOTAL 697,719 782,012 722,115 59,897 621,254 www.townofcary.org 39
With Comparative Actual Amounts for the Year Ended June 30, Technology Services Personnel Services $3,058,231 2,922,047 2,475,657 446,390 2,313,706 Operations & Maintenance 5,039,787 4,903,953 4,039,693 864,260 3,426,855 Reimbursement from the Soccer Park (7,218) (7,218) (7,218) --- (7,218) Capital Lease Purchases 1,300,000 1,300,000 1,157,013 142,987 636,858 TOTAL, net 9,390,800 9,118,782 7,665,145 1,453,637 6,370,201 Accounting Personnel Services 1,661,270 1,664,889 1,601,979 62,910 1,627,593 Operations & Maintenance 1,040,936 1,052,678 811,146 241,532 659,948 TOTAL 2,702,206 2,717,567 2,413,125 304,442 2,287,541 Purchasing Personnel Services 640,806 607,143 583,256 23,887 575,228 Operations & Maintenance 216,060 256,547 234,219 22,328 297,686 TOTAL 856,866 863,690 817,475 46,215 872,914 Human Resources Personnel Services 1,689,034 1,689,034 1,419,007 270,027 1,175,075 Operations & Maintenance 327,376 332,193 299,853 32,340 280,608 TOTAL 2,016,410 2,021,227 1,718,860 302,367 1,455,683 Self-Insurance Workers' Compensation 1,750,000 1,750,000 1,548,029 201,971 1,355,617 Small Claims 1,064,788 1,064,788 204,252 860,536 124,563 TOTAL 2,814,788 2,814,788 1,752,281 1,062,507 1,480,180 Reimbursements from Other Funds and Functions Garage Internal Service Fund (379,141) (379,141) (379,141) --- (293,355) Utility Systems Enterprise Fund (2,939,815) (2,901,594) (2,901,594) --- (2,756,677) TOTAL (3,318,956) (3,280,735) (3,280,735) --- (3,050,032) TOTAL GENERAL GOVERNMENT, net 20,474,455 20,644,232 15,810,298 4,833,934 14,109,644 www.townofcary.org 40
With Comparative Actual Amounts for the Year Ended June 30, PUBLIC SAFETY Police Personnel Services $19,744,584 19,745,104 19,614,535 130,569 19,102,329 Operations & Maintenance 2,233,994 2,396,527 1,960,034 436,493 1,848,908 Capital Outlays 296,954 404,784 398,105 6,679 208,499 Reimbursement from Downtown Fund (26,155) (26,155) (14,750) (11,405) (8,845) Contribution to Pension Trust Fund 318,291 318,291 318,291 --- 300,000 TOTAL, net 22,567,668 22,838,551 22,276,215 562,336 21,450,891 Fire Personnel Services 18,646,661 18,561,007 17,963,553 597,454 17,533,532 Operations & Maintenance 1,522,740 1,657,195 1,421,773 235,422 1,567,525 Capital Outlays 43,368 43,368 18,920 24,448 --- TOTAL 20,212,769 20,261,570 19,404,246 857,324 19,101,057 TOTAL PUBLIC SAFETY, net 42,780,437 43,100,121 41,680,461 1,419,660 40,551,948 GENERAL OPERATIONS Public Works - Administration Personnel Services 1,846,698 1,397,785 1,390,579 7,206 1,743,833 Operations & Maintenance 498,552 390,050 307,767 82,283 471,763 Reimbursement from Utility System Fund (1,438,065) (1,230,514) (1,128,786) (101,728) (1,471,233) TOTAL, net 907,185 557,321 569,560 (12,239) 744,363 Facilities Management Personnel Services 6,678,353 6,682,970 6,483,905 199,065 6,485,515 Operations & Maintenance 9,948,679 10,143,506 9,027,192 1,116,314 8,185,022 Capital Outlays 478,441 478,441 328,891 149,550 76,258 Reimbursement from Amphitheatre Fund (571,922) (778,289) (338,602) (439,687) (344,891) Reimbursement from Parks, Recreation & Culture (2,345,171) (2,345,171) (1,945,065) (400,106) (1,488,793) TOTAL, net 14,188,380 14,181,457 13,556,321 625,136 12,913,111 Field Operations Personnel Services 8,186,702 7,938,355 7,536,835 401,520 7,501,531 Operations & Maintenance 5,559,889 5,852,693 5,049,528 803,165 4,492,071 Capital Outlays 649,185 711,685 106,362 605,323 393,114 Reimbursement from Utility System Fund (9,166,193) (9,166,193) (8,076,037) (1,090,156) (7,627,218) TOTAL, net 5,229,583 5,336,540 4,616,688 719,852 4,759,498 www.townofcary.org 41
With Comparative Actual Amounts for the Year Ended June 30, Solid Waste Management Personnel Services $1,792,130 1,849,492 1,843,846 5,646 2,842,768 Operations & Maintenance 2,580,538 2,608,676 2,614,863 (6,187) 3,166,616 Capital Outlays 44,600 44,600 41,511 3,089 --- TOTAL 4,417,268 4,502,768 4,500,220 2,548 6,009,384 Recycling Personnel Services 811,521 821,121 788,745 32,376 746,118 Operations & Maintenance 659,046 750,513 701,708 48,805 661,128 TOTAL 1,470,567 1,571,634 1,490,453 81,181 1,407,246 Yard Waste Division Personnel Services 1,516,812 1,424,312 1,390,210 34,102 --- Operations & Maintenance 764,474 802,974 728,132 74,842 --- Capital Outlays 34,852 38,186 38,186 --- --- TOTAL 2,316,138 2,265,472 2,156,528 108,944 --- Total Public Works, net 28,529,121 28,415,192 26,889,770 1,525,422 25,833,602 Parks, Recreation and Culture Administration Personnel Services 1,326,252 1,138,539 1,045,126 93,413 1,212,975 Operations & Maintenance 519,101 457,281 325,160 132,121 336,377 TOTAL 1,845,353 1,595,820 1,370,286 225,534 1,549,352 Recreation Programs Personnel Services 2,192,166 2,192,166 2,006,508 185,658 2,004,305 Operations & Maintenance 1,161,977 1,231,349 1,001,354 229,995 907,175 Teen Council 49,181 49,181 16,073 33,108 3,777 TOTAL 3,403,324 3,472,696 3,023,935 448,761 2,915,257 Cultural Arts Personnel Services 571,644 571,644 487,518 84,126 551,353 Operations & Maintenance 379,211 444,956 403,278 41,678 417,425 Festivals 149,505 149,505 111,061 38,444 125,220 TOTAL 1,100,360 1,166,105 1,001,857 164,248 1,093,998 Athletics Personnel Services 856,005 856,005 820,858 35,147 810,323 Operations & Maintenance 766,385 773,410 771,761 1,649 739,799 TOTAL 1,622,390 1,629,415 1,592,619 36,796 1,550,122 www.townofcary.org 42
With Comparative Actual Amounts for the Year Ended June 30, Tennis Park Personnel Services $1,291,211 1,291,377 1,141,290 150,087 1,084,656 Operations & Maintenance 508,826 516,252 536,827 (20,575) 428,009 TOTAL 1,800,037 1,807,629 1,678,117 129,512 1,512,665 Skate Park Personnel Services 220,556 220,556 166,046 54,510 188,485 Operations & Maintenance 90,393 91,798 69,093 22,705 80,015 TOTAL 310,949 312,354 235,139 77,215 268,500 Soccer Park Personnel Services 209,466 209,466 208,398 1,068 189,429 Operations & Maintenance 1,300,113 1,311,052 1,051,047 260,005 781,548 TOTAL 1,509,579 1,520,518 1,259,445 261,073 970,977 USA Baseball Personnel Services 130,858 130,858 140,699 (9,841) 134,393 Operations & Maintenance 911,162 915,879 829,499 86,380 632,041 Capital Outlays --- 50,000 --- 50,000 --- TOTAL 1,042,020 1,096,737 970,198 126,539 766,434 Regency Amphitheatre Operations & Maintenance 1,059,235 1,221,502 451,113 770,389 365,823 Capital Outlays 26,515 53,500 169,050 (115,550) 223,035 TOTAL 1,085,750 1,275,002 620,163 654,839 588,858 Cary Arts Center Personnel Services 1,141,657 1,141,657 1,061,522 80,135 1,012,158 Operations & Maintenance 655,346 667,288 549,962 117,326 504,376 TOTAL 1,797,003 1,808,945 1,611,484 197,461 1,516,534 The Cary Theatre Personnel Services 137,293 137,293 131,686 5,607 --- Operations & Maintenance 245,365 248,978 96,043 152,935 95 TOTAL 382,658 386,271 227,729 158,542 95 www.townofcary.org 43
With Comparative Actual Amounts for the Year Ended June 30, Special Downtown Events Personnel Services $66,828 66,828 62,893 3,935 --- Operations & Maintenance 308,290 243,290 141,559 101,731 99,047 TOTAL 375,118 310,118 204,452 105,666 99,047 Total Parks, Recreation & Culture 16,274,541 16,381,610 13,795,424 2,586,186 12,831,839 TOTAL GENERAL OPERATIONS 44,803,662 44,796,802 40,685,194 4,111,608 38,665,441 DEVELOPMENT AND INFRASTRUCTURE Planning Personnel Services 2,478,345 2,350,373 2,163,543 186,830 2,209,356 Operations & Maintenance 939,555 879,008 414,020 464,988 602,256 Capital Outlay 18,720 18,720 16,921 1,799 --- TOTAL 3,436,620 3,248,101 2,594,484 653,617 2,811,612 Planning-Affordable Housing Personnel Services 172,166 172,166 89,625 82,541 86,257 Operations & Maintenance 45,164 5,164 3,096 2,068 2,870 Rehabilitation Loan Program 135,000 --- --- --- 159,039 Façade Improvement Loan Program --- --- --- --- 26,160 TOTAL 352,330 177,330 92,721 84,609 274,326 Inspections and Permits Personnel Services 4,082,003 3,591,096 3,332,902 258,194 3,618,997 Operations & Maintenance 289,688 302,776 208,938 93,838 206,618 Capital Outlays 32,000 32,000 --- 32,000 --- TOTAL 4,403,691 3,925,872 3,541,840 384,032 3,825,615 Development Support Services Personnel Services --- 407,620 403,992 3,628 --- Operations & Maintenance --- 23,566 9,113 14,453 --- TOTAL --- 431,186 413,105 18,081 --- Total Development 8,192,641 7,782,489 6,642,150 1,140,339 6,911,553 www.townofcary.org 44
With Comparative Actual Amounts for the Year Ended June 30, Engineering Personnel Services $5,868,357 2,837,880 2,837,882 (2) 5,719,438 Operations & Maintenance 1,338,835 278,347 278,348 (1) 1,025,744 Capital Outlay 58,364 --- --- --- --- TOTAL 7,265,556 3,116,227 3,116,230 (3) 6,745,182 Facility Design & Transportation Services Personnel Services --- 1,831,613 1,788,603 43,010 --- Operations & Maintenance --- 1,096,138 365,744 730,394 --- Capital Outlay --- 37,424 --- 37,424 --- TOTAL --- 2,965,175 2,154,347 810,828 --- Water Resources Personnel Services --- 1,135,657 1,090,321 45,336 --- Operations & Maintenance --- 139,931 66,975 72,956 --- Capital Outlay --- 20,940 24,731 (3,791) --- TOTAL --- 1,296,528 1,182,027 114,501 --- Reimbursement from Utility Fund for Engineering Services (2,580,506) (2,066,540) (2,076,604) 10,064 (2,689,031) Total Infrastructure, net 4,685,050 5,311,390 4,376,000 935,390 4,056,151 DEVELOPMENT AND INFRASTRUCTURE 12,877,691 13,093,879 11,018,150 2,075,729 10,967,704 Long Term Debt Principal 16,588,771 13,298,771 13,298,770 1 9,570,193 Interest 3,800,753 2,891,470 2,803,642 87,828 3,268,400 Miscellaneous expense 735,000 735,000 464,899 270,101 244,535 Reimbursement from Utility Fund for open space (946,012) (946,012) (946,012) --- (961,710) TOTAL DEBT SERVICE 20,178,512 15,979,229 15,621,299 357,930 12,121,418 CONTINGENCIES 937,877 44,350 --- 44,350 --- TOTAL EXPENDITURES 142,052,634 137,658,613 124,815,402 12,843,211 116,416,155 Revenues Over (Under) Expenditures (9,835,999) (5,270,274) 15,004,587 20,274,861 11,004,585 www.townofcary.org 45
With Comparative Actual Amounts for the Year Ended June 30, OTHER FINANCING SOURCES (USES) Transfers In (Out), net: Transit Special Revenue Fund ($1,446,994) (1,446,994) (1,446,994) --- (1,546,854) Economic Development Fund (282,000) (657,000) (657,000) --- (233,524) Capital Reserve Sub-Fund 4,500,000 4,500,000 4,500,000 --- --- Streets Capital Project Sub-Fund --- (3,556,783) (3,556,783) --- --- Downtown Capital Project Sub-Fund (1,000,000) (970,000) (970,000) --- (2,610,606) General Government Capital Project Sub-Fund (4,317,048) (4,029,141) (4,029,141) --- (2,074,650) Fire Capital Project Sub-Fund (1,350,000) (1,350,000) (1,350,000) --- (678,000) Parks and Recreation Capital Project Sub-Fund (2,515,000) (6,357,500) (6,357,500) --- (1,202,011) Proceeds from Sale of Assets 200,000 200,000 180,536 (19,464) 148,139 Capital Lease Proceeds 1,300,000 1,300,000 1,157,013 (142,987) 636,858 General Obligation Bonds Issued 251,504 251,504 --- (251,504) --- Premium Received on General Obligation Bonds 198,496 198,496 198,495 (1) --- Appropriation from Fund Balance 14,297,041 17,187,692 --- (17,187,692) --- TOTAL OTHER FINANCING SOURCES (USES) 9,835,999 5,270,274 (12,331,374) (17,601,648) (7,560,648) Revenues and Other Sources Over Expenditures and Other Uses $ --- --- 2,673,213 2,673,213 3,443,937 FUND BALANCE - Beginning of Year 92,675,318 89,231,381 FUND BALANCE - End of Year $95,348,531 92,675,318 The accompanying notes are an integral part of these basic financial statements. www.townofcary.org 46