TOWN OF CARY
BUDGET OVERVIEW - ALL FUNDS
REVENUES AND EXPENDITURES
Actual Actual Actual Estimated Budget
FY 2004 FY 2005 FY 2006 FY 2007 FY 2008
REVENUES & SOURCES:
General Fund
Property Tax       48,362,069       49,303,373       51,195,166       54,289,551       57,392,095
Other Taxes/Licenses       18,508,429       20,381,411       22,984,545       25,421,293       26,774,574
Intergovernmental         6,633,691         5,363,827         5,884,979         5,542,891         5,425,946
User Fees/Permits         7,981,319         9,354,966       14,256,147       14,074,346       14,475,139
Other Revenue         2,666,429         3,021,099         4,725,635         4,681,477         4,443,163
Fund Balance         4,637,431                        -                        -       13,681,964            916,332
Transfer to Capital      (13,663,351)           (967,000)      (10,200,841)      (19,756,378)        (3,172,000)
Utility Fund
Operating Revenues       28,564,174       33,637,454       40,296,168       43,744,056       48,537,288
Fund Balance            931,254                        -         4,381,668                        -         1,013,494
Transfer to Capital        (1,000,000)           (900,000)           (868,539)        (1,000,000)        (5,381,668)
Other Funds
Other Revenue         3,034,362         2,190,616         1,935,299         3,697,263         4,429,987
Capital Revenue Sources
Debt Proceeds       20,231,952            100,862                        -       28,824,009     140,943,238
General Capital         9,005,925       10,815,937         7,941,562       38,209,384         9,018,039
Utility Capital         4,263,643       10,857,649       11,515,380       26,153,906       67,590,422
Other Funding Sources           (300,441)       34,783,030       31,381,222                        -                        -
Transfers for Capital       14,663,351         1,867,000       11,069,380       20,756,378         8,553,668
TOTAL REVENUES 154,520,237 179,810,224 196,497,771 258,320,140 380,959,717
EXPENDITURES & USES:
General Fund Expenditures       75,126,017       80,332,326       85,870,102       97,935,144     106,255,249
Contribution to Fund Balance                        -         6,125,350         2,975,529                        -                        -
Utility Fund       28,495,428       30,277,500       33,090,436       38,668,271       44,169,114
Contribution to Fund Balance                        -         2,459,954       10,718,861         4,075,785                        -
Other Funds
Fleet Management Fund            139,300              96,965                        -            145,974              19,202
CDBG Fund                        -                        -            308,360            499,967            923,702
Transit Fund            964,628         1,176,473         1,161,396         1,685,418         1,517,139
911 Fund            239,208            293,000            312,391            329,247            305,979
Health and Dental Fund         1,681,883            600,875              99,229            986,657         1,613,965
Police Separation Allowance                9,343              23,302              53,923              50,000              50,000
Capital Expenditures
General Capital       32,766,551       37,378,767       45,339,515       82,935,971       40,956,039
Utility Capital       15,097,879       21,045,711       16,568,029       31,007,706     185,149,328
TOTAL EXPENDITURES 154,520,237 179,810,224 196,497,771 258,320,140 380,959,717
Text Box: Note: These figures are net expenditures and transfers between funds are only counted as expenditures in one of the funds. Transfers to Capital Project Funds are reflected in Capital expenditures. FY 2004 through 2006 reflect actuals, while FY 2007 are estimated figures and FY 2008 reflect budgeted amounts.
       except the Capital Reserves.