TOWN OF CARY, NORTH CAROLINA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS
For the Year Ended June 30, 2007
Schedule 15
	Garage		Health
	Service		Insurance		Total
OPERATING REVENUES
Charges for Services	$985,156		---		985,156
Health and Dental Premiums	---		9,045,579		9,045,579
Other Operating Revenues	---		---		---
Prop Oper Rev	---		---		---
Prop Oper Rev	---		---		---
TOTAL OPERATING REVENUES	985,156		9,045,579		10,030,735
OPERATING EXPENSES
Garage Services	903,549		---		903,549
Insurance Claims & Administrative Fees	---		7,536,177		7,536,177
Depreciation	50,876		---		50,876
Prop Oper Exp	---		---		---
Prop Oper Exp	---		---		---
TOTAL OPERATING EXPENSES	954,425		7,536,177		8,490,602
OPERATING INCOME	30,731		1,509,402		1,540,133
NONOPERATING REVENUES
Investment Earnings, net of market adjustment	54,671		---		54,671
NC Gas Tax Refund	---		---		---
Miscellaneous Revenue	---		446,566		446,566
Prop Nonoper Rev	---		---		---
Prop Nonoper Rev	---		---		---
Loss on Sale of Assets	6,788		---		6,788
Prop Nonoper Exp	---		---		---
TOTAL NONOPERATING REVENUE	61,459		446,566		508,025
INCOME (LOSS) BEFORE CAPITAL CONTRIBUTIONS	92,190		1,955,968		2,048,158
Capital Contributions	---		---		---
Transfers out (Prop)	---		---		---
Transfers In	---		---		---
Transfers Out	---		---		---
Transfers Between Sub-Funds	---		---		---
Other (Prop)	---		---		---
Capital contributions	---		---		---
Special items	---		---		---
Extraordinary items	---		---		---
CHANGE IN NET ASSETS	92,190		1,955,968		2,048,158
TOTAL NET ASSETS - Beginning of Year	2,270,980		4,151,635		6,422,615
TOTAL NET ASSETS - End of Year	$2,363,170		6,107,603		8,470,773