TOWN OF CARY, NORTH CAROLINA
BALANCE SHEET
GOVERNMENTAL FUNDS
June 30, 2007
EXHIBIT C	Major Funds				Non-Major Funds Reported as Major Funds
													Economic
			Capital		Amphitheatre		Transit		911		CDBG		Development		Total
	General		Projects		Special		Special		Special		Special		Special		Governmental
	Fund		Fund		Revenue Fund		Revenue Fund		Revenue Fund		Revenue Fund		Revenue Fund		Funds
ASSETS
UNRESTRICTED ASSETS
Equity in Pooled Cash and Investments	$58,354,257		77,468,251		565,740		959,909		---		8,145		475,000		137,831,302
Accrued Interest on Investments	659,234		608,992		---		---		---		---		---		1,268,226
Ad Valorem Taxes Receivable, net of allowance for        doubtful accounts	362,642		---		---		---		---		---		---		362,642
Accounts Receivable, net of allowance for        doubtful accounts	10,164,682		335,422		678		128,339		43,297		164,535		---		10,836,953
Asset	---		---		---		---		---		---		---		---
Asset	---		---		---		---		---		---		---		---
Inventories	756,176		---		---		---		---		---		---		756,176
Other Assets	86,023		---		121,300		---		---		---		---		207,323
Due from CDBG Special Revenue Fund	140,000		---		---		---		---		---		---		140,000
TOTAL UNRESTRICTED ASSETS	70,523,014		78,412,665		687,718		1,088,248		43,297		172,680		475,000		151,402,622
RESTRICTED ASSETS
Equity in Pooled Cash and Investments
Unspent Debt Proceeds	---		35,735,074		---		---		---		---		---		35,735,074
Unspent Restricted Grants	129		15,374,270		---		---		---		---		---		15,374,399
Customer Deposits	4,375,440		182,203		---		---		---		---		---		4,557,643
Other Restricted Funds	---		---		---		---		245,130		---		---		245,130
TOTAL RESTRICTED ASSETS	4,375,569		51,291,547		---		---		245,130		---		---		55,912,246
TOTAL ASSETS	74,898,583		129,704,212		687,718		1,088,248		288,427		172,680		475,000		207,314,868
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts Payable	7,303,942		4,613,152		---		562,972		---		22,692		---		12,502,758
Retainage Payable	---		3,344,215		---		---		---		9,988		---		3,354,203
Workers Compensation Payable	101,460		---		---		---		---		---		---		101,460
Deferred Revenues	615,789		122,058		---		143,242		---		---		---		881,089
Deposits	1,077,317		182,203		---		---		---		---		---		1,259,520
Liability	---		---		---		---		---		---		---		---
Due to General Fund	---		---		---		---		---		140,000		---		140,000
TOTAL LIABILITIES	9,098,508		8,261,628		---		706,214		---		172,680		---		18,239,030
FUND BALANCES
Reserved:
Reserved for Inventories	756,176		---		---		---		---		---		---		756,176
Reserved by State Statute	11,022,045		772,664		121,979		---		43,297		---		---		11,959,985
Reserved for Encumbrances	4,271,021		---		565,739		---		---		---		---		4,836,760
Reserved for Streets - Powell Bill	---		15,374,270		---		---		---		---		---		15,374,270
Reserved for Restricted 911 Funds	---		---		---		---		245,130		---		---		245,130
Unreserved, Designated:
Designated - Self Insurance	779,703		---		---		---		---		---		---		779,703
Designated - Affordable Housing Program	1,156,856		---		---		---		---		---		---		1,156,856
Designated for Capital Projects	---		92,258,958		---		---		---		---		---		92,258,958
Designated for Subsequent Year's Expenditures	916,332		---		---		---		---		---		300,000		1,216,332
Designated for Economic Development	---		---		---		---		---		---		---		---
Unreserved, Undesignated	46,897,942		13,036,692		---		---		---		---		---		59,934,634
Unreserved, reported in nonmajor:
Special Revenue	---		---		---		382,034		---		---		175,000		557,034
TOTAL FUND BALANCES	65,800,075		121,442,584		687,718		382,034		288,427		---		475,000		189,075,838
TOTAL LIABILITIES AND FUND BALANCES	$74,898,583		129,704,212		687,718		1,088,248		288,427		172,680		475,000		207,314,868
The accompanying notes are an integral part of these basic financial statements.