Text Box: TOWN OF CARY GENERAL FUND SUMMARY
Actual Actual Actual Estimated Adopted
  FY 2004 FY 2005 FY 2006 FY 2007 FY 2008
Assessed Value 11,494,876,739 11,670,183,036 12,227,440,606 12,945,006,410 13,688,139,194 Assessed Value
REVENUES REVENUES
  Current Year Ad Valorem Taxes 47,522,967 48,706,918 50,694,882 53,919,551 57,022,095 Current Year Ad Valorem Taxes
  Prior Year Ad Valorem Taxes 719,036 482,435 397,580 300,000 300,000 Prior Year Ad Valorem Taxes
  Penalties and Interest 120,066 114,020 102,704 70,000 70,000 Penalties and Interest
       Subtotal Ad Valorem Taxes 48,362,069 49,303,373 51,195,166 54,289,551 57,392,095 Subtotal Ad Valorem Taxes
Other Taxes & Licenses Other Taxes & Licenses
  ABC Revenue 294,071 306,942 393,605 350,466 316,595 ABC Revenue
  1 Cent Sales Tax-Article 39 8,674,869 9,702,826 10,064,070 10,667,914 11,094,631 1 Cent Sales Tax-Article 39
  1/2 Cent Sales Tax-Articles 40 & 42 5,320,171 5,738,533 6,855,318 8,226,382 8,884,492 1/2 Cent Sales Tax-Articles 40 & 42
  1/2 Cent Sales Tax-Article 44 3,197,579 3,507,404 3,878,325 4,266,158 4,522,127 1/2 Cent Sales Tax-Article 44
  Privilege Licenses 515,573 541,605 1,191,868 1,311,873 1,351,229 Privilege Licenses
  Occupancy Tax 502,081 579,636 588,534 590,000 600,000 Occupancy Tax
  Pet  Licenses 4,085 4,465 12,825 8,500 5,500 Pet  Licenses
       Subtotal Other Taxes & Licenses 18,508,429 20,381,411 22,984,545 25,421,293 26,774,574 Subtotal Other Taxes & Licenses 54%
Intergovernmental Intergovernmental
  Utility Franchise Taxes 2,675,815 2,732,318 2,707,536 2,586,480 2,586,480 Utility Franchise Taxes
  Wine and Beer Tax 446,077 470,842 486,702 486,702 486,702 Wine and Beer Tax
Wireless Communications Sales Tax 1,287,679 1,372,581 1,629,755 1,629,755 1,629,755 Wireless Communications Sales Tax
  Rental Vehicle Tax 80,098 68,930 60,834 54,000 50,000 Rental Vehicle Tax
  Gov's Hwy Program Grant --- --- 13,998 13,998 --- Gov's Hwy Program Grant
  COPS Grant --- 155,408 98,947 98,947 --- COPS Grant
  High School Resource Officer Reimb. 115,182 113,514 113,514 151,352 151,352 High School Resource Officer Reimb.
  Other Restricted/Grants 34,601 41,892 300,027 521,657 521,657 Other Restricted/Grants
Disaster Reimbursements 1,994,239 408,342 473,666 --- --- Disaster Reimbursements
Subtotal Intergovernmental 6,633,691 5,363,827 5,884,979 5,542,891 5,425,946 Subtotal Intergovernmental
Permits and Fees Permits and Fees
  Driveway Permits 28,240 41,740 28,850 --- --- Driveway Permits
  Building Permits 1,748,838 2,095,545 3,464,452 3,307,950 2,977,154 Building Permits
  Pavement/Curb Cuts 7,670 13,122 10,542 7,500 7,500 Pavement/Curb Cuts
  Rezoning/Var. Request Fees 32,826 56,025 45,050 42,250 40,000 Rezoning/Var. Request Fees
  Site/Final Plan Review Fees 69,100 100,325 159,625 145,825 145,825 Site/Final Plan Review Fees
  Inspection Fees 451,739 690,158 1,711,696 1,150,000 1,035,000 Inspection Fees
  Sign Permits 22,709 20,265 21,760 24,500 24,500 Sign Permits
Fire Permits 52,828 15,615 14,939 23,139 23,139 Fire Permits
  Watershed Maint. Fees 100,187 174,004 399,513 440,000 440,000 Watershed Maint. Fees
  Traffic Impact Analysis Reimb. 171,061 239,082 352,076 263,735 362,000 Traffic Impact Analysis Reimb.
  Grading Permits 80,452 108,032 212,352 305,590 305,590 Grading Permits
Subtotal Permits & Fees 2,765,650 3,553,913 6,420,855 5,710,489 5,360,708 Subtotal Permits & Fees
Sales and Service Sales and Service
Solid Waste and Recycling 2,839,101 2,900,713 4,579,212 4,862,951 5,076,000 Solid Waste and Recycling
  Used Appliance Disposal 24,739 27,906 29,495 27,082 24,867 Used Appliance Disposal
  Recreation Program Fees 567,038 622,262 645,260 678,878 713,000 Recreation Program Fees
Recreation Retail Sales 32,492 33,741 28,769 31,526 31,526 Recreation Retail Sales
Dog Park --- --- 40,845 39,140 39,140 Dog Park
Skate Park --- 97,891 103,974 108,000 109,000 Skate Park
Ticket Sales 26,394 40,832 32,890 38,299 38,299 Ticket Sales
  Athletic Fees 656,944 652,488 561,648 582,861 588,601 Athletic Fees
USA Baseball --- --- --- 400 335,375 USA Baseball
Tennis 170,869 383,030 554,261 629,700 705,000 Tennis
  Arts & Crafts 213,614 232,628 244,882 250,034 255,828 Arts & Crafts
SAS Soccer Park --- 340,446 552,730 567,347 620,500 SAS Soccer Park
Festivals 160,108 105,879 94,341 105,570 110,813 Festivals
  Recreational Facility Rentals 200,936 195,882 210,475 191,287 201,000 Recreational Facility Rentals
Cultural Arts Rentals --- --- --- 30,000 44,700 Cultural Arts Rentals
  Rents-Fire 49,111 67,743 149,545 215,782 215,782 Rents-Fire
Morrisville 911 Service 272,750 96,892 --- --- --- Morrisville 911 Service
  Hazardous Waste Reimb. 1,573 2,720 6,965 5,000 5,000 Hazardous Waste Reimb.
Subtotal Sales & Service 5,215,669 5,801,053 7,835,292 8,363,857 9,114,431 Subtotal Sales & Service
Investment Earnings 505,467 940,635 2,703,894 3,117,855 3,152,063 Investment Earnings
Unrealized Gains/Losses 48,589 --- (249,329) (416,633) (369,981) Unrealized Gains/Losses                            
Net Investment Earnings 554,056 940,635 2,454,565 2,701,222 2,782,082 Net Investment Earnings
Miscellaneous Miscellaneous
  Employee Dental Premiums --- --- --- --- --- Employee Dental Premiums
  Miscellaneous Revenues 262,806 216,329 331,145 260,000 220,000 Miscellaneous Revenues
  CATV Franchise Fees 585,017 691,327 740,046 722,190 722,190 CATV Franchise Fees
  Court Costs 26,799 30,913 22,027 10,000 8,000 Court Costs
  Donations / Contributions 244,538 18,483 20,228 19,700 48,526 Donations / Contributions
  Soil Erosion Fines 5,000 --- --- --- --- Soil Erosion Fines
  Recycled Goods 470,175 580,679 611,539 414,000 108,000 Recycled Goods
  Police Reports/Fines 3,692 2,931 2,615 --- --- Police Reports/Fines
Red Light Ticket  10,152 24,124 18,592 20,000 20,000 Red Light Ticket 
  Cellular Tower Lease Proceeds 466,694 478,178 486,515 486,515 486,515 Cellular Tower Lease Proceeds
  DMV Rental Revenue 37,500 37,500 38,363 47,850 47,850 DMV Rental Revenue
Subtotal Miscellaneous 2,112,373 2,080,464 2,271,070 1,980,255 1,661,081 Subtotal Miscellaneous
TOTAL REVENUES 84,151,937 87,424,676 99,046,472 104,009,558 108,510,917 TOTAL REVENUES
EXPENDITURES EXPENDITURES
Legislative Legislative
Legislative-Council 548,394 549,786 583,511 663,709 696,577 Legislative-Council
Legislative-Boards & Comm. 108,713 84,535 74,560 121,134 121,634 Legislative-Boards & Comm.
Legislative-Clerk 222,175 182,921 236,292 237,069 505,610 Legislative-Clerk
Legislative-Legal 585,189 416,097 450,185 540,776 562,349 Legislative-Legal
Subtotal Legislative 1,464,471 1,233,339 1,344,548 1,562,688 1,886,170 Subtotal Legislative
Town Manager Town Manager
   Administration 545,045 551,656 631,478 602,381 613,429 Administration
   Budget 336,009 357,541 386,122 467,550 501,629 Budget
   Public Information Office 450,502 318,792 411,880 481,850 604,989 Public Information Office
   Subtotal Administration 1,331,556 1,227,989 1,429,480 1,551,781 1,720,047 Subtotal Administration
Finance Finance
Finance-Accounting 1,308,568 1,405,934 1,529,603 1,770,767 2,093,222 Finance-Accounting
Finance-Purchasing 552,785 580,686 636,614 684,357 782,964 Finance-Purchasing
Self Insurance (Small Claims) 208,571 210,122 199,601 215,000 225,000 Self Insurance (Small Claims)
Subtotal Finance 2,069,924 2,196,742 2,365,818 2,670,124 3,101,186 Subtotal Finance
Technology Services Capital Leases 1,083,095 279,199 1,108,384 1,300,000 1,300,000 Technology Services Capital Leases
  Capital Lease Proceeds (contra exp) (1,083,095) (279,199) (1,108,384) (1,300,000) (1,300,000) Capital Lease Proceeds
Technology Services 3,348,489 3,802,080 3,440,306 4,455,153 5,041,059 Technology Services
Less Reimb. from Soccer Park --- (6,182) --- (6,940) (6,940) Less Reimb. from Soccer Park
Human Resources 1,078,701 1,191,229 1,172,948 1,331,231 1,441,914 Human Resources
Self Insurance (Workman's Comp) 518,500 740,260 796,567 950,000 950,000 Self Insurance (Workman's Comp)
Engineering 3,825,010 4,155,371 4,762,844 5,251,169 6,331,393 Engineering
Reimb. from Utility Fund Admin --- --- --- --- (464,700) Reimb. from Utility Fund Admin
Planning 2,037,009 2,013,520 1,953,704 2,695,781 2,847,257 Planning
Affordable/Empl Housing Fund 986,722 823,486 144,912 1,162,666 74,545 Affordable/Empl Housing Fund
Inspections & Permits 2,600,841 2,751,156 2,935,025 3,285,292 3,681,799 Inspections & Permits
Subtotal 14,395,272 15,470,920 15,206,306 19,124,352 19,896,327 Subtotal
Subtotal General Government 19,261,223 20,128,990 20,346,152 24,908,945 26,603,730 Subtotal General Government
Public Safety Public Safety
Police 11,868,550 12,462,601 13,279,906 15,766,125 16,840,427 Police
   Police Separation Fund 122,417 137,600 163,088 199,375 151,547 Police Separation Fund
Fire 12,214,923 12,934,244 13,976,887 15,276,806 16,321,481 Fire
Subtotal Public Safety 24,205,890 25,534,445 27,419,881 31,242,306 33,313,455 Subtotal Public Safety
PRCR PRCR
   Administration 916,474 896,999 923,728 1,221,872 1,537,113 Administration
   Recreation Programs 2,129,248 2,134,941 2,245,297 2,396,714 2,544,481 Recreation Programs
   Cultural Arts 1,169,285 1,161,444 1,212,246 1,299,885 1,423,382 Cultural Arts
Festival 84,552 86,822 90,235 109,824 110,813 Festivals
Tennis Center 238,689 658,778 837,320 1,184,971 1,286,488 Tennis Center
SAS Soccer Park --- 398,232 776,912 941,649 1,127,447 SAS Soccer Park
Skate Park --- 91,877 118,554 156,428 174,264 Skate Park
USA Baseball --- --- --- 542,164 1,060,149 USA Baseball
   Athletics 1,168,929 1,111,867 1,155,344 1,221,849 1,243,628 Athletics
     Subtotal PRCR 5,707,177 6,540,960 7,359,636 9,075,356 10,507,765 Subtotal PRCR
Public Works/Utilities Public Works/Utilities
   Administration 1,123,220 1,189,510 1,278,426 1,468,571 1,748,389 Administration
Less Reimb. from Utility Fund (667,376) (703,082) (759,241) (938,552) (1,153,440) Less Reimb. from Utility Fund
Facilities Management 7,815,570 8,511,115 9,385,103 10,752,505 13,245,090 Facilities Management
Less Reimb. from Amphitheatre (139,825) (125,398) (209,490) (281,439) --- Less Reimb. from Amphitheatre
Less Reimb. from Tennis (74,938) (110,274) (193,895) (282,944) (260,758) Less Reimb. from Tennis
Less Reimb. from Skate Park --- (1,669) (8,477) (19,044) (15,050) Less Reimb. from Skate Park
Less Reimb. from Soccer Park --- (209,424) (496,829) (607,052) (808,279) Less Reimb. from Soccer Park
Less Reimb. from USA Baseball --- --- --- (414,075) (705,713) Less Reimb. from USA Baseball
   Operations 7,156,145 6,905,753 7,690,218 8,777,504 11,666,542 Operations
Less Reimb. from Utility Fund (4,082,778) (4,257,883) (4,645,782) (5,836,524) (7,255,999) Less Reimb. from Utility Fund
   Solid Waste Management 5,249,306 4,939,424 6,539,850 6,148,882 5,536,069 Solid Waste Management
   Recycling 1,838,074 2,012,827 1,939,018 2,347,096 1,227,240 Recycling
Subtotal Public Works/Utilities 18,330,687 18,150,899 20,518,901 21,114,928 23,224,091 Subtotal Public Works/Utilities
SUBTOTAL EXPENDITURES 67,504,977 70,355,294 75,644,570 86,341,535 93,649,041 SUBTOTAL EXPENDITURES
 
  Department  Allocation Accounts --- --- --- (817,533) (817,533) Department  Allocation Accounts
  Class & Pay Study --- --- --- 31,000 43,530 Class & Pay Study
Market Adjustment on Pay Schedule --- --- --- 25,000 25,000 Market Adjustment on Pay Schedule
Reimb. Util. Fund for Ind. Cost (1,556,141) (1,573,208) (1,620,531) (1,635,350) (2,148,098) Reimb. Util. Fund for Ind. Cost
Reimb. from ISF for Ind. Cost (39,274) (40,249) (44,997) (68,500) (70,369) Reimb. from ISF for Ind. Cost
  Installment Purchase / Related Fees 246,448 54,319 189,708 608,792 1,783,984 Installment Purchase / Related Fees
  Long Term Debt / Related Fees 10,541,899 10,388,739 10,442,528 11,464,863 12,174,078 Long Term Debt / Related Fees
Subtotal Non Departmental Expenses 9,192,932 8,829,601 8,966,708 9,608,272 10,990,592 Subtotal Non Departmental Expenses
TOTAL EXPENDITURES   76,697,909 79,184,895 84,611,278 95,949,807 104,639,633 TOTAL EXPENDITURES
 
BALANCES BALANCES
Beginning Fund Balance 64,121,953 59,484,524 65,609,874 68,585,398 54,903,434 Beginning Fund Balance
   Total Revenues 84,151,937 87,424,676 99,046,472 104,009,558 108,510,917 Total Revenues
     
Beginning Fund Balance Plus     Beginning Fund Balance Plus
   Operating Revenues 148,273,890 146,909,200 164,656,346 172,594,956 163,414,351 Operating Revenues
   Total Expenditures