Text Box: TOWN OF CARY
UTILITY FUND REVENUES AND EXPENSES PER CAPITA

Fiscal Year

Per Capita Revenues

Per Capita Expenses

1998

$274

$184

1999

$279

$209

2000

$273

$237

2001

$271

$216

2002

$325

$365

2003

$276

$391

2004

$268

$276

2005

$311

$288

2006

$363

$306

Estimated

2007

$378

$342

Budgeted

2008

$393

$401

Text Box: The Utility Fund encompasses activities associated with providing water and sewer services to Town residents and other customers of the system. Over the eleven-year period from FY 1998 through FY 2008, per capita revenues have fluctuated moderately while per capita expenses increased more dramatically, mainly due to capital project funding. In FY 2008, per capita revenues are budgeted at 43.4% above FY 1998 levels, and per capita expenses are budgeted 117.4% higher than in FY 1998. During this same period, the Town's population grew from approximately 82,700 at the beginning of FY 1998 to an estimated 123,633 as of FY 2008. This represents a 49.5% increase in population over the eleven-year period.