| TOWN OF CARY, NORTH CAROLINA |
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| GENERAL CAPITAL RESERVE
SUB-FUND |
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| SCHEDULE OF
REVENUES, EXPENDITURES, AND CHANGES |
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| IN FUND BALANCE
- BUDGET AND ACTUAL |
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| For the Year Ended June
30, 2007 |
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| With
Comparative Totals For the Year Ended June 30, 2006 |
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| Schedule 7 |
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2007 |
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2006 |
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Variance |
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Positive |
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Budget |
Actual |
(Negative) |
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Actual |
| REVENUES |
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| Vehicle
Licenses |
$854,444 |
889,868 |
35,424 |
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856,263 |
| Powell Bill |
3,213,865 |
3,272,482 |
58,617 |
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3,180,431 |
| NCDOT Municipal Agreement |
--- |
246,973 |
246,973 |
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--- |
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Payments in Lieu of Recreation |
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| Land and Greenway Dedications |
--- |
3,430,110 |
3,430,110 |
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897,907 |
| Payments in Lieu of Streets |
--- |
817,251 |
817,251 |
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80,388 |
| Utility Franchise Fee |
--- |
235,957 |
235,957 |
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--- |
| Cable Franchise Fee |
481,460 |
314,407 |
(167,053) |
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493,364 |
| Transportation Development Fees |
1,960,146 |
1,799,956 |
(160,190) |
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1,754,212 |
| Investment Earnings, net of market
adjustment |
2,403,373 |
3,999,549 |
1,596,176 |
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2,204,673 |
| Reimbursements |
--- |
11,098 |
11,098 |
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32,718 |
| Developer Payments |
--- |
20,000 |
20,000 |
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--- |
| Other Restricted
Intergovernmental |
--- |
--- |
--- |
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--- |
| Miscellaneous |
--- |
23,343 |
23,343 |
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266,181 |
| TOTAL REVENUES |
8,913,288 |
15,060,994 |
6,147,706 |
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9,766,137 |
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| OTHER FINANCING SOURCES
(USES) |
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| Transfers In (Out), net |
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| General Fund |
1,374,400 |
1,374,400 |
--- |
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| Street Project Sub-Fund |
(27,856,681) |
(27,079,325) |
777,356 |
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(4,140,001) |
| Parks and Recreation Project Sub-Fund |
(2,819,500) |
(2,819,500) |
--- |
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(444,675) |
| Fire Project Sub-Fund |
(1,156,763) |
(1,156,763) |
--- |
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(425,819) |
| General Governmental Project Sub-Fund |
(1,041,700) |
(981,181) |
60,519 |
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(932,794) |
| Other |
--- |
--- |
--- |
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| Installment
Purchase Contracts Issued |
--- |
--- |
--- |
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| NCDOT Loan Payment |
17,567,256 |
17,567,256 |
--- |
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| General
Obligation Bonds Issued |
--- |
--- |
--- |
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| Sale of Assets |
--- |
--- |
--- |
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1,333,875 |
| Appropriation from Fund Balance |
5,019,700 |
--- |
(5,019,700) |
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--- |
| Reserve for Future Capital Needs |
--- |
--- |
--- |
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| TOTAL OTHER FINANCING USES |
(8,913,288) |
(13,095,113) |
(4,181,825) |
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(4,609,414) |
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| Revenues and Other Sources Over |
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| Expenditures and Other Uses |
$ --- |
1,965,881 |
1,965,881 |
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5,156,723 |
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| FUND BALANCE - Beginning
of Year |
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14,238,626 |
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9,081,903 |
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| FUND BALANCE - End of
Year |
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$16,204,507 |
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14,238,626 |
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