TOWN OF CARY, NORTH CAROLINA
STATEMENT OF NET ASSETS
June 30, 2007
EXHIBIT A
			Business		Total
	Governmental		Type		Primary
	Activities		Activities		Government
ASSETS
Equity in Pooled Cash and Investments	$145,508,469		141,356,239		286,864,708
Accrued Interest on Investments	1,280,880		1,592,050		2,872,930
Ad Valorem Taxes Receivable, net	362,642		---		362,642
Accounts Receivable, net	22,715,345		9,852,828		32,568,173
Inventories	823,160		---		823,160
Other Assets	689,182		---		689,182
Unspent Debt Proceeds	---		---		---
Unspent Restricted Grants	---		---		---
Water and Sewer Customer Deposits	---		---		---
Equity in Pooled Cash and Investments -           Restricted	55,912,246		9,592,315		65,504,561
Deferred Bond Expenses	729,402		1,143,658		1,873,060
Long-term Notes Receivable	---		---		---
Assessments Receivable	---		---		---
Capital Assets:
Land, Land Improvements and Construction       in Progress	135,836,274		53,705,173		189,541,447
Other Capital Assets, Net of Accumulated       Depreciation	461,747,889		340,459,773		802,207,662
Asset (GA, BTA and CU)	---		---		---
Asset (GA, BTA and CU)	---		---		---
TOTAL ASSETS	825,605,489		557,702,036		1,383,307,525
LIABILITIES
Accounts Payable and Accrued Liabilities	12,578,156		4,390,409		16,968,565
Internal Balances	545,587		(545,587)		---
Accrued Bond Interest	598,741		1,072,385		1,671,126
Retainage Payable	3,354,203		1,681,537		5,035,740
Unearned Revenues	6,314,395		2,016,719		8,331,114
Deposits	1,268,520		1,236,182		2,504,702
Deferred Bond Premium	948,793		646,858		1,595,651
Developer Fee Credits	---		---		---
Miscellaneous	36,918		972,522		1,009,440
Long-term Liabilities:
Portion Due or Payable Within One Year	12,984,185		8,834,046		21,818,231
Portion Due or Payable After One Year	152,709,477		124,361,970		277,071,447
Liability (GA, BTA and CU)	---		---		---
Liability (GA, BTA and CU)	---		---		---
TOTAL LIABILITIES	191,338,975		144,667,041		336,006,016
NET ASSETS
Invested in Capital Assets, Net of Related Debt	521,248,933		272,872,129		794,121,062
Restricted for Customer Deposits	4,557,643		1,236,182		5,793,825
Restricted for Grant and Special Funding Purposes	15,619,529		---		15,619,529
Unrestricted	92,840,409		138,926,684		231,767,093
TOTAL NET ASSETS	$634,266,514		413,034,995		1,047,301,509