TOWN OF CARY, NORTH CAROLINA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
For the Year Ended June 30, 2007
EXHIBIT E	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
REVENUES
Ad Valorem Taxes	$54,293,575		---		---		---		---		---		---		54,293,575
Other Taxes and Licenses	25,321,569		---		---		---		434,032		---		---		25,755,601
Unrestricted Intergovernmental	5,720,339		235,957		---		---		---		---		---		5,956,296
Restricted Intergovernmental	456,115		4,016,254		---		921,619		---		538,829		---		5,932,817
Permits and Fees	6,205,438		6,957,185		---		444,596		---		---		---		13,607,219
Sales and Services	8,396,390		---		---		124,020		---		---		---		8,520,410
Investment Earnings, net of market adjustment	5,020,809		4,404,116		---		---		8,289		---		---		9,433,214
Reimbursements	---		(2,969)		---		---		---		---		---		(2,969)
Miscellaneous	3,142,153		402,600		---		---		---		---		---		3,544,753
Assessments Collections	---		---		---		---		---		---		---		---
Govt Revenue	---		---		---		---		---		---		---		---
Govt Revenue	---		---		---		---		---		---		---		---
TOTAL REVENUES	108,556,388		16,013,143		---		1,490,235		442,321		538,829		---		127,040,916
EXPENDITURES
Current:
General Government	21,130,396		---		---		2,642,446		329,247		538,829		300,000		24,940,918
Public Safety	29,912,730		---		---		---		---		---		---		29,912,730
Public Works	12,415,094		---		---		---		---		---		---		12,415,094
Environmental Protection	7,904,703		---		---		---		---		---		---		7,904,703
Cultural and Recreational	8,145,912		---		505,147		---		---		---		---		8,651,059
Expenditure	---		---		---		---		---		---		---		---
Expenditure	---		---		---		---		---		---		---		---
Debt service:
Principal	6,497,061		---		---		---		---		---		---		6,497,061
Interest	5,306,592		---		---		---		---		---		---		5,306,592
Bond Service Charges	126,707		---		---		---		---		---		---		126,707
Capital outlay	---		---		---		---		---		---		---		---
Capital Projects	---		36,732,701		---		---		---		---		---		36,732,701
Other Expenditures	---		---		---		---		---		---		---		---
TOTAL EXPENDITURES	91,439,195		36,732,701		505,147		2,642,446		329,247		538,829		300,000		132,487,565
REVENUES OVER (UNDER) EXPENDITURES	17,117,193		(20,719,558)		(505,147)		(1,152,211)		113,074		---		(300,000)		(5,446,649)
OTHER FINANCING SOURCES (USES)
Transfers In	1,421,400		21,026,783		407,195		935,596		---		---		775,000		24,565,974
Transfers Out	(23,144,574)		(1,421,400)		---		---		---		---		---		(24,565,974)
Sub-fund transfers - HIDE s/b $0			---												---
Sale of Assets	534,872		---		---		---		---		---		---		534,872
Capital Lease Obligations Issued	1,046,076		---		---		---		---		---		---		1,046,076
Installment Purchase Contracts Issued	---		---		---		---		---		---		---		---
NCDOT Loan Payment	---		17,567,256		---		---		---		---		---		17,567,256
General Obligation Bonds Issued	239,710		47,015,290		---		---		---		---		---		47,255,000
Miscellaneous	---		---		---		---		---		---		---		---
OFS/OFU (Govt)	---		---		---		---		---		---		---		---
TOTAL OTHER FINANCING SOURCES (USES)	(19,902,516)		84,187,929		407,195		935,596		---		---		775,000		66,403,204
Special items	---		---		---		---		---		---		---		---
Extraordinary items	---		---		---		---		---		---		---		---
NET CHANGE IN FUND BALANCE	(2,785,323)		63,468,371		(97,952)		(216,615)		113,074		---		475,000		60,956,555
FUND BALANCE - Beginning of Year	68,585,398		57,974,213		785,670		598,649		175,353		---		---		128,119,283
FUND BALANCE - End of Year	$65,800,075		121,442,584		687,718		382,034		288,427		---		475,000		189,075,838
The accompanying notes are an integral part of these basic financial statements.