Text Box: TOWN OF CARY GENERAL FUND SUMMARY
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009
  Actual Actual Actual Estimated Recommended
Assessed Value 11,670,183,036 12,227,440,606 13,031,452,560 13,878,131,421 19,497,885,003 Assessed Value
REVENUES REVENUES
  Current Year Ad Valorem Taxes 48,706,918 50,694,882 53,868,051 57,820,832 62,809,799 Current Year Ad Valorem Taxes
  Prior Year Ad Valorem Taxes 482,435 397,580 324,660 300,000 300,000 Prior Year Ad Valorem Taxes
  Penalties and Interest 114,020 102,704 100,864 70,000 70,000 Penalties and Interest
       Subtotal Ad Valorem Taxes 49,303,373 51,195,166 54,293,575 58,190,832 63,179,799 Subtotal Ad Valorem Taxes
Other Taxes & Licenses Other Taxes & Licenses
  ABC Revenue 306,942 393,605 320,896 395,466 407,330 ABC Revenue
  1 Cent Sales Tax-Article 39 9,702,826 10,064,070 10,911,210 11,520,056 11,980,858 1 Cent Sales Tax-Article 39
  1/2 Cent Sales Tax-Articles 40 & 42 5,738,533 6,855,318 7,885,652 8,325,671 8,658,698 1/2 Cent Sales Tax-Articles 40 & 42
  1/2 Cent Sales Tax-Article 44 3,507,404 3,878,325 4,260,171 4,497,889 4,677,804 1/2 Cent Sales Tax-Article 44
  Privilege Licenses 541,605 1,191,868 1,199,663 1,409,272 1,484,339 Privilege Licenses
  Occupancy Tax 579,636 588,534 661,086 728,108 764,513 Occupancy Tax
  Pet  Licenses 4,465 12,825 10,760 7,710 5,500 Pet  Licenses
       Subtotal Other Taxes & Licenses 20,381,411 22,984,545 25,249,438 26,884,171 27,979,042 Subtotal Other Taxes & Licenses
Intergovernmental Intergovernmental
  Utility Franchise Taxes 2,732,318 2,707,536 5,195,052 2,586,480 2,586,480 Utility Franchise Taxes
  Wine and Beer Tax 470,842 486,702 525,287 530,287 530,287 Wine and Beer Tax
  Wireless E911 --- --- 15,300 --- --- Wireless E911
Wireless Communications Sales Tax 1,372,581 1,629,755 --- 1,629,755 1,629,755 Wireless Communications Sales Tax
  Rental Vehicle Tax 68,930 60,834 72,131 73,125 74,222 Rental Vehicle Tax
  Gov's Hwy Program Grant --- 13,998 134,693 111,755 54,297 Gov's Hwy Program Grant
  COPS Grant 155,408 98,947 98,723 --- --- COPS Grant
  High School Resource Officer Reimb. 113,514 113,514 151,352 151,352 151,352 High School Resource Officer Reimb.
  Other Restricted/Grants 41,892 300,027 868,619 515,190 515,190 Other Restricted/Grants
Disaster Reimbursements 408,342 473,666 --- --- --- Disaster Reimbursements
Subtotal Intergovernmental 5,363,827 5,884,979 7,061,157 5,597,944 5,541,583 Subtotal Intergovernmental
Permits and Fees Permits and Fees
  Driveway Permits 41,740 28,850 --- --- --- Driveway Permits
  Building Permits 2,095,545 3,464,452 3,492,419 3,705,433 3,520,161 Building Permits
  Pavement/Curb Cuts 13,122 10,542 11,449 21,780 20,691 Pavement/Curb Cuts
  Rezoning/Var. Request Fees 56,025 45,050 50,150 54,240 48,595 Rezoning/Var. Request Fees
  Site/Final Plan Review Fees 100,325 159,625 151,270 120,549 114,522 Site/Final Plan Review Fees
  Inspection Fees 690,158 1,711,696 1,290,501 862,212 819,101 Inspection Fees
  Sign Permits 20,265 21,760 24,871 24,504 24,136 Sign Permits
Fire Permits 15,615 14,939 26,551 32,970 31,322 Fire Permits
  Watershed Maint. Fees 174,004 399,513 477,076 421,275 400,211 Watershed Maint. Fees
  Traffic Impact Analysis Reimb. 239,082 352,076 352,523 677,000 677,000 Traffic Impact Analysis Reimb.
  Grading Permits 108,032 212,352 328,625 268,065 254,662 Grading Permits
Subtotal Permits & Fees 3,553,913 6,420,855 6,205,435 6,188,028 5,910,401 Subtotal Permits & Fees
Sales and Service Sales and Service
Solid Waste and Recycling 2,900,713 4,579,212 4,873,406 5,124,866 6,550,252 Solid Waste and Recycling
  Used Appliance Disposal 27,906 29,495 30,539 33,063 25,000 Used Appliance Disposal
  Recreation Program Fees 622,262 645,260 724,762 721,211 759,825 Recreation Program Fees
Recreation Retail Sales 33,741 28,769 40,535 43,461 43,461 Recreation Retail Sales
Dog Park --- 40,845 42,765 40,078 42,000 Dog Park
Skate Park 97,891 103,974 131,056 141,000 141,000 Skate Park
Ticket Sales 40,832 32,890 27,244 25,000 33,600 Ticket Sales
  Athletic Fees 652,488 561,648 574,062 605,000 617,000 Athletic Fees
USA Baseball --- --- --- 245,932 313,105 USA Baseball
Tennis 383,030 554,261 716,387 737,000 772,000 Tennis
  Arts & Crafts 232,628 244,882 260,924 274,000 279,000 Arts & Crafts
Wake Med Soccer Park 340,446 552,730 773,594 588,500 529,000 Wake Med Soccer Park
Festivals 105,879 94,341 104,555 110,813 122,525 Festivals
  Recreational Facility Rentals 195,882 210,475 222,794 269,693 269,693 Recreational Facility Rentals
Cultural Arts Rentals --- --- 41,910 30,000 45,000 Cultural Arts Rentals
  Rents-Fire 67,743 149,545 213,337 233,922 222,226 Rents-Fire
Morrisville 911 Service 96,892 --- --- --- --- Morrisville 911 Service
  Hazardous Waste Reimb. 2,720 6,965 7,775 38,865 5,000 Hazardous Waste Reimb.
Subtotal Sales & Service 5,801,053 7,835,292 8,785,645 9,262,404 10,769,687 Subtotal Sales & Service
Investment Earnings 940,635 2,703,894 4,617,077 3,045,342 1,980,220 Investment Earnings
Unrealized Gains/Losses --- (249,329) 403,732 583,905 --- Unrealized Gains/Losses
Net Investment Earnings 940,635 2,454,565 5,020,809 3,629,247 1,980,220 Net Investment Earnings
Miscellaneous Miscellaneous
  Miscellaneous Revenues 216,329 331,145 540,444 400,000 400,000 Miscellaneous Revenues
  CATV Franchise Fees 691,327 740,046 471,611 722,190 722,190 CATV Franchise Fees
  Court Costs 30,913 22,027 15,157 15,157 15,157 Court Costs
  Donations / Contributions 18,483 20,228 33,660 48,526 47,200 Donations / Contributions
  Soil Erosion Fines --- --- 150 --- --- Soil Erosion Fines
  Recycled Goods 580,679 611,539 293,902 108,000 108,000 Recycled Goods
  Police Reports/Fines 2,931 2,615 --- --- --- Police Reports/Fines
Red Light Ticket  24,124 18,592 15,166 15,166 15,000 Red Light Ticket 
  Cellular Tower Lease Proceeds 478,178 486,515 522,389 528,888 528,888 Cellular Tower Lease Proceeds
  DMV Rental Revenue 37,500 38,363 47,850 47,850 47,850 DMV Rental Revenue
Subtotal Miscellaneous 2,080,464 2,271,070 1,940,329 1,885,777 1,884,285 Subtotal Miscellaneous
TOTAL REVENUES 87,424,676 99,046,472 108,556,388 111,638,403 117,245,017 TOTAL REVENUES
EXPENDITURES EXPENDITURES
Legislative Legislative
Legislative-Council 549,786 583,511 591,283 696,577 693,602 Legislative-Council
Legislative-Boards & Comm. 84,535 74,560 117,067 121,634 135,132 Legislative-Boards & Comm.
Legislative-Clerk 182,921 236,292 236,555 505,610 340,921 Legislative-Clerk
Legislative-Legal 416,097 450,185 506,194 562,349 579,677 Legislative-Legal
Subtotal Legislative 1,233,339 1,344,548 1,451,099 1,886,170 1,749,332 Subtotal Legislative
Town Manager Town Manager
   Administration 551,656 631,478 578,030 613,429 627,505 Administration
   Budget 357,541 386,122 451,331 604,629 570,956 Budget
   Public Information Office 318,792 411,880 441,475 604,989 493,226 Public Information Office
   Subtotal Administration 1,227,989 1,429,480 1,470,836 1,823,047 1,691,687 Subtotal Administration
Finance Finance
Finance-Accounting 1,405,934 1,529,603 1,668,921 2,158,222 2,272,239 Finance-Accounting
Finance-Purchasing 580,686 636,614 662,082 783,471 846,377 Finance-Purchasing
Self Insurance (Small Claims) 210,122 199,601 228,511 225,000 225,000 Self Insurance (Small Claims)
Subtotal Finance 2,196,742 2,365,818 2,559,514 3,166,693 3,343,616 Subtotal Finance
Technology Services Capital Leases 279,199 1,108,384 1,046,076 1,300,000 1,300,000 Technology Services Capital Leases
  Capital Lease Proceeds (contra exp) (279,199) (1,108,384) (1,046,076) (1,300,000) (1,300,000) Capital Lease Proceeds
Technology Services 3,802,080 3,440,306 4,016,595 5,169,809 7,059,058 Technology Services
Less Reimb. from Soccer Park (6,182) --- (6,940) (6,940) (7,218) Less Reimb. from Soccer Park
Human Resources 1,191,229 1,172,948 1,216,452 1,441,914 1,550,768 Human Resources
Self Insurance (Workman's Comp) 740,260 796,567 849,210 950,000 950,000 Self Insurance (Workman's Comp)
Engineering 4,155,371 4,762,844 4,791,439 6,512,999 6,599,596 Engineering
Reimb. from Utility Fund Admin --- --- --- (464,700) (382,895) Reimb. from Utility Fund Admin
Planning 2,013,520 1,953,704 2,295,160 3,102,145 3,002,735 Planning
Affordable/Empl Housing Fund 823,486 144,912 283,606 957,220 180,095 Affordable/Empl Housing Fund
Inspections & Permits 2,751,156 2,935,025 2,996,537 3,786,799 4,152,840 Inspections & Permits
Subtotal 15,470,920 15,206,306 16,442,059 21,449,246 23,104,979 Subtotal
Subtotal General Government 20,128,990 20,346,152 21,923,508 28,325,156 29,889,614 Subtotal General Government
Public Safety Public Safety
Police 12,462,601 13,279,906 14,959,643 17,161,236 18,310,279 Police
   Police Separation Fund 137,600 163,088 199,375 151,547 242,853 Police Separation Fund
Fire 12,934,244 13,976,887 14,753,712 16,431,398 16,692,532 Fire
Subtotal Public Safety 25,534,445 27,419,881 29,912,730 33,744,181 35,245,664 Subtotal Public Safety
PRCR PRCR
   Administration 896,999 923,728 992,471 1,571,527 1,543,518 Administration
   Recreation Programs 2,134,941 2,245,297 2,413,240 2,546,155 2,826,396 Recreation Programs
   Cultural Arts 1,161,444 1,212,246 1,269,891 1,423,382 1,576,294 Cultural Arts
Festival 86,822 90,235 106,650 110,813 122,525 Festivals
Tennis Center 658,778 837,320 1,026,068 1,289,488 1,203,150 Tennis Center
Soccer Park 398,232 776,912 787,843 1,129,083 1,088,585 Soccer Park
Skate Park 91,877 118,554 147,154 174,264 216,207 Skate Park
USA Baseball --- --- 223,019 1,060,149 738,735 USA Baseball
   Athletics 1,111,867 1,155,344 1,179,575 1,250,703 1,412,302 Athletics
     Subtotal PRCR 6,540,960 7,359,636 8,145,911 10,555,564 10,727,712 Subtotal PRCR
Public Works/Utilities Public Works/Utilities
   Administration 1,189,510 1,278,426 1,355,607 1,755,586 2,354,414 Administration
Less Reimb. from Utility Fund (703,082) (759,241) (882,776) (1,153,440) (1,473,161) Less Reimb. from Utility Fund
Facilities Management 8,511,115 9,385,103 10,315,360 13,519,104 13,686,030 Facilities Management
Less Reimb. from Amphitheatre (125,398) (209,490) (241,499) (221,862) --- Less Reimb. from Amphitheatre
Less Reimb. from Tennis (110,274) (193,895) (186,303) (260,758) (195,505) Less Reimb. from Tennis
Less Reimb. from Skate Park (1,669) (8,477) (11,986) (15,050) (12,051) Less Reimb. from Skate Park
Less Reimb. from Soccer Park (209,424) (496,829) (497,774) (808,279) (720,592) Less Reimb. from Soccer Park
Less Reimb. from USA Baseball --- --- (113,273) (705,713) (521,620) Less Reimb. from USA Baseball
   Operations 6,905,753 7,690,218 8,255,557 12,008,452 12,992,594 Operations
Less Reimb. from Utility Fund (4,257,883) (4,645,782) (5,577,817) (7,255,999) (8,151,976) Less Reimb. from Utility Fund
   Solid Waste Management 4,939,424 6,539,850 5,908,000 5,551,069 6,340,427 Solid Waste Management
   Recycling 2,012,827 1,939,018 1,996,703 1,227,240 2,265,302 Recycling
Subtotal Public Works/Utilities 18,150,899 20,518,901 20,319,799 23,640,350 26,563,862 Subtotal Public Works/Utilities
SUBTOTAL EXPENDITURES 70,355,294 75,644,570 80,301,948 96,265,251 102,426,852 SUBTOTAL EXPENDITURES
 
  Department  Allocation Accounts --- --- --- (2,317,533) (1,317,533) Department  Allocation Accounts
  Class & Pay Study --- --- --- 43,530 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 (1,573,208) (1,620,531) (1,758,778) (2,148,098) (2,133,223) Reimb. Util. Fund for Ind. Cost
Reimb. from ISF for Ind. Cost (40,249) (44,997) (80,410) (70,369) (205,542) Reimb. from ISF for Ind. Cost
  Installment Purchase / Related Fees 54,319 189,708 126,707 554,867 704,767 Installment Purchase / Related Fees
  Long Term Debt / Related Fees 10,388,739 10,442,528 11,803,653 10,962,159 13,567,448 Long Term Debt / Related Fees
Subtotal Non Departmental Expenses 8,829,601 8,966,708 10,091,172 7,049,556 10,684,447 Subtotal Non Departmental Expenses
TOTAL EXPENDITURES 79,184,895 84,611,278 90,393,120 103,314,807 113,111,299 TOTAL EXPENDITURES
 
BALANCES BALANCES
Beginning Fund Balance 59,484,524 65,609,874 68,585,398 65,800,074 63,402,527 Beginning Fund Balance
   Total Revenues 87,424,676 99,046,472 108,556,388 111,638,403 117,245,017 Total Revenues
       
Beginning Fund Balance Plus   Beginning Fund Balance Plus
   Operating Revenues 146,909,200 164,656,346 177,141,786 177,438,477 180,647,545 Operating Revenues
   Total Expenditures 79,184,895 84,611,278 90,393,120 103,314,807 113,111,299 Total Expenditures
Transfers Out (In) / Other Adjustments Transfers Out (In) / Other Adjustments
Transfer to Health & Dental Fund --- --- --- 268,806 321,795 Transfer to Health & Dental
   Trans. from UF for Self-Insur/W/C/Sm Claims --- --- --- (205,583) (221,333) Trans. from UF for Self-Insur/W/C/Sm Claims
   Trans. from ISF for Self-Insur/W/C/Sm Claims --- --- --- (10,510) (10,200) Trans. from ISF for Self-Insur/W/C/Sm Claims
   Trans. to General Cap. Res. --- --- 1,374,400 --- --- Trans. to General Cap. Res.
   Trans. to Streets Cap. Proj. Fund (30,000) 22,000 3,084,525 260,000 --- Trans. to Streets Cap. Proj. Fund
   Trans. to Gen Govt Cap Proj Fund 637,000 8,039,589 4,300,000 6,890,000 3,400,000 Trans. to Gen Govt Cap Proj Fund
   Trans. to Fire Capital Proj Fund --- 1,959,802 750,000 834,000 454,438 Trans. to Fire Capital Proj Fund
   Trans. to Parks Cap Proj Fund 360,000 179,450 10,096,458 568,000 233,340 Trans. to Parks Cap Proj Fund
Trans. to Amphitheatre Fund 674,656 524,497 407,195 453,527 --- Trans. to Amphitheatre Fund
Trans. to Transit Fund 599,717 804,361 935,596 1,587,903 1,466,490 Trans. to Transit Fund
  Sale of Assets (97,874) (21,912) (534,872) (25,000) (125,000) Sale of Assets
   Other Trans. Out (In) --- (48,122) --- --- Other Trans. Out (In)
Transfer to Economic Develop Fund --- --- 775,000 100,000 --- Transfer to Economic Develop Fund
Police Special Revenue Fund (29,068) --- --- --- --- Police Special Revenue Fund
Bond Proceeds --- --- (239,710) --- --- Bond Proceeds
Total Transfers  (Net) 2,114,431 11,459,665 20,948,592 10,721,143 5,519,530 Total Transfers  (Net)
         
Total Expenditures and Total Expenditures and
   Inter-Fund Transfers 81,299,326 96,070,943 111,341,712 114,035,950 118,630,829 Inter-Fund Transfers
         
Ending Fund Balance 65,609,874 68,585,398 65,800,074 63,402,527 62,016,716 Ending Fund Balance