TOWN OF CARY, NORTH CAROLINA
STATEMENT OF ACTIVITIES
For the Year Ended June 30, 2007
EXHIBIT B
									Net (Expense) Revenue and
			Program Revenues						Changes in Net Assets
					Operating		Capital		Primary Government
			Charges for		Grants and		Grants and		Governmental		Business-type
FUNCTIONS / PROGRAMS:	Expenses		Services		Contributions		Contributions		Activities		Activities		Total
Primary Government:
Governmental Activities:
General Government	$56,546,267		13,033,700		5,458,332		44,867,735		6,813,500		---		6,813,500
Public Safety	29,930,938		293,285		417,149		9,262		(29,211,242)		---		(29,211,242)
Public Works	12,455,969		98,716		38,215		---		(12,319,038)		---		(12,319,038)
Environmental Protection	6,897,725		5,197,847		---		---		(1,699,878)		---		(1,699,878)
Cultural and Recreational	10,050,001		7,097,544		27,918		1,032,250		(1,892,289)		---		(1,892,289)
Other Expenditures	---		---		---		---		---		---		---
Debt Service - ITEMS TO BE ELIMINATED	---		---		---		---		---		---		---
Interest Expense	5,395,306		---		---		---		(5,395,306)		---		(5,395,306)
Debt Service - fees	112,382		---		---		---		(112,382)		---		(112,382)
Capital Outlay - ITEMS TO BE ELIMINATED	---		---		---		---		---		---		---
TOTAL GOVERNMENTAL ACTIVITIES	121,388,588		25,721,092		5,941,614		45,909,247		(43,816,635)		---		(43,816,635)
Business-type Activities:
Utility	38,201,957		61,373,246		---		8,704,385		---		31,875,674		31,875,674
TOTAL BUSINESS-TYPE ACTIVITIES	38,201,957		61,373,246		---		8,704,385		---		31,875,674		31,875,674
Total Primary Government	$159,590,545		87,094,338		5,941,614		54,613,632		(43,816,635)		31,875,674		(11,940,961)
				General revenues:
				Ad Valorem Taxes					54,347,849		---		54,347,849
				Sales Tax					23,057,033		---		23,057,033
				Other Taxes					2,264,536		---		2,264,536
				Unrestricted Intergovernmental					5,956,296		---		5,956,296
				Investment Earnings					9,861,189		7,313,154		17,174,343
				Sale of Capital Assets					405,122		147,393		552,515
				General Donations					---		---		---
				Miscellaneous Revenue					1,716,932		27,369		1,744,301
				Transfers					---		---		---
				Gen Revenue (GA, BTA and CU)					---		---		---
				Gen Revenue (GA, BTA and CU)					---		---		---
				ITEMS TO BE ELIMINATED					---		---		---
				Special item (GA, BTA and CU)					---		---		---
				Extraordinary item (GA, BTA and CU)					---		---		---
				Total General Revenues					97,608,957		7,487,916		105,096,873
			CHANGE IN NET ASSETS, Before Special Item
			Special Item -						---		---		---
					CHANGE IN NET ASSETS				53,792,322		39,363,590		93,155,912
			NET ASSETS - Beginning of Year						580,474,192		373,671,405		954,145,597
			NET ASSETS - End of Year						$634,266,514		413,034,995		1,047,301,509
The accompanying notes are an integral part of these basic financial statements.