| TOWN OF CARY, NORTH CAROLINA |
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| ECONOMIC
DEVELOPMENT SPECIAL REVENUE FUND |
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| BUDGETARY
COMPARISON STATEMENT |
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| For the Year Ended June
30, 2007 |
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| With
Comparative Actual Amounts for the Year Ended June 30, 2006 |
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| EXHIBIT K |
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2007 |
2006 |
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Variance |
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Budget |
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Positive |
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Original |
Final |
Actual |
(Negative) |
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Actual |
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| RESTRICTED REVENUES |
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| Department of Commerce Grant |
$
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40,000 |
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(40,000) |
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| Donations |
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15,000 |
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(15,000) |
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| Interest earned |
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--- |
--- |
--- |
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--- |
| Miscellaneous
Revenue |
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| TOTAL REVENUE |
--- |
55,000 |
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(55,000) |
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| EXPENDITURES |
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| Contracted Services |
300,000 |
300,000 |
300,000 |
--- |
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| TOTAL EXPENDITURES |
300,000
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300,000
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300,000 |
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| Revenue Under Expenditures |
(300,000) |
(245,000) |
(300,000) |
(55,000) |
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| OTHER FINANCING SOURCES
(USES) |
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| Grants Paid to Businesses |
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(80,000) |
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80,000 |
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| Transfers In from General Fund |
750,000 |
775,000 |
775,000 |
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| Appropriation from Fund Balance |
(450,000) |
(450,000) |
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450,000 |
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| TOTAL OTHER FINANCING
SOURCES |
300,000 |
245,000
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775,000
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530,000
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--- |
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| Revenues and Other Financing Sources |
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| Over Expenditures |
$ --- |
--- |
475,000
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475,000
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| FUND BALANCE - Beginning
of Year |
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--- |
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| FUND BALANCE - End of
Year |
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$475,000
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| The
accompanying notes are an integral part of these basic financial statements. |
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