TOWN OF CARY, NORTH CAROLINA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF NET ASSETS
June 30, 2007
Schedule 14	Garage		Health
	Service		Insurance		Total
ASSETS
Current Assets
Equity in Pooled Cash and Investments	$1,135,230		6,541,936		7,677,166
Accrued Interest on Investments	12,654		---		12,654
Accounts Receivable, net of allowance for         doubtful accounts	19,575		156,300		175,875
Due from Other Funds	---		---		---
Inventories	66,984		---		66,984
Miscellaneous Prepayment	---		---		---
Asset	---		---		---
Asset	---		---		---
TOTAL CURRENT ASSETS	1,234,443		6,698,236		7,932,679
Non-Current Assets
Long-term Notes Receivable	---		---		---
Noncurrent asset (PF only)	---		---		---
Noncurrent asset (PF only)	---		---		---
TOTAL NONCURRENT ASSETS	---		---		---
Capital Assets
Land, Land Improvements and Construction-in-Progress	---		---		---
Other Capital Assets, Net of Accumulated Depreciation	1,250,197		---		1,250,197
Building, Equipment and Vehicles-NOT USED	---		---		---
Construction-in-Progress-NOT USED	---		---		---
TOTAL CAPITAL ASSETS, NET	1,250,197		---		1,250,197
TOTAL ASSETS	2,484,640		6,698,236		9,182,876
LIABILITIES AND NET ASSETS
Current liabilities
Accounts Payable and Accrued Liabilities	75,403		---		75,403
Compensated Absences	---		---		---
Due to Other Funds	---		---		---
Deferred Revenues	---		---		---
Liability	---		---		---
Liability	---		---		---
TOTAL CURRENT LIABILITIES	75,403		---		75,403
Non-Current liabilities
Compensated Absences	37,067		---		37,067
Deposits	9,000		---		9,000
Claims Incurred But Not Reported	---		590,633		590,633
Miscellaneous	---		---		---
Noncurrent liability (PF only)	---		---		---
TOTAL NON-CURRENT LIABILITIES	46,067		590,633		636,700
TOTAL LIABILITIES	121,470		590,633		712,103
NET ASSETS
Invested in Capital Assets, Net of Related Debt	1,250,197		---		1,250,197
Net Assets - restricted (PF)	---		---		---
Net Assets - restricted (PF)	---		---		---
Unrestricted Net Assets	1,112,973		6,107,603		7,220,576
TOTAL NET ASSETS	2,363,170		6,107,603		8,470,773
TOTAL LIABILITIES AND NET ASSETS	$2,484,640		6,698,236		9,182,876