TOWN OF CARY, NORTH CAROLINA
CAPITAL PROJECT FUND
SUB-FUND COMBINING BALANCE SHEET
June 30, 2005
With Comparative Totals As of June 30, 2004
									General
Schedule 1	Street		Parks and		Fire		General		Capital		June 30,
	Project		Recreation		Project		Governmental		Reserve
	Fund		Project Fund		Fund		Project Fund		Fund		2005		2004
ASSETS
UNRESTRICTED ASSETS
Equity in Pooled Cash and Investments	$21,893,068		30,020,527		2,826,552		7,134,482		6,908,201		68,782,830		62,682,953
Accrued Interest on Investments	---		---		---		---		432,360		432,360		355,871
Accounts Receivable, net of allowance for        doubtful accounts	---		12,696		---		33,405		390,177		436,278		1,968,016
Inventories	---		---		---		---		---		---		---
Other Assets	---		---		---		---		---		---		---
Due from CDBG Special Revenue Fund	---		---		---		---		---		---		---
TOTAL UNRESTRICTED ASSETS	21,893,068		30,033,223		2,826,552		7,167,887		7,730,738		69,651,468		65,006,840
RESTRICTED ASSETS
Equity in Pooled Cash and Investments
Unspent Debt Proceeds	3,066,267		---		---		4,479,333		---		7,545,600		35,945,029
Unspent Restricted Grants	11,451,443		---		---		---		2,185,935		13,637,378		12,899,494
Asset	---		---		---		---		---		---		---
TOTAL RESTRICTED ASSETS	14,517,710		---		---		4,479,333		2,185,935		21,182,978		48,844,523
TOTAL ASSETS	36,410,778		30,033,223		2,826,552		11,647,220		9,916,673		90,834,446		113,851,363
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts Payable	3,434,881		315,972		479		940,404		532,153		5,223,889		4,182,231
Retainage Payable	1,770,628		176,856		---		2,237,362		---		4,184,846		2,989,483
Deferred Revenues	---		12,696		---		33,405		302,617		348,718		1,118,726
Deposits	---		---		---		---		---		---		---
Liability	---		---		---		---		---		---		---
Liability	---		---		---		---		---		---		---
Due to General Fund	---		---		---		---		---		---		---
TOTAL LIABILITIES	5,205,509		505,524		479		3,211,171		834,770		9,757,453		8,290,440
FUND BALANCES
Reserved:
Reserved for Inventories	---		---		---		---		---		---		---
Reserved by State Statute	---		---		---		---		559,858		559,858		662,220
Reserved for Encumbrances	---		---		---		---		---		---		---
Reserved for Streets - Powell Bill	11,451,443		---		---		---		2,185,935		13,637,378		12,899,494
Reserved for Restricted 911 Funds	---		---		---		---		---		---		---
Fund Balance - reserved - other	---		---		---		---		---		---		---
Designated:
Designated for Capital Projects	19,753,826		29,527,699		2,826,073		8,436,049		---		60,543,647		---
Designated for Subsequent Year's Expenditures	---		---		---		---		434,652		434,652		---
Fund Balance - unreserved - designated	---		---		---		---		---		---		---
Unreserved, Undesignated	---		---		---		---		5,901,458		5,901,458		91,999,209
TOTAL FUND BALANCES	31,205,269		29,527,699		2,826,073		8,436,049		9,081,903		81,076,993		105,560,923
TOTAL LIABILITIES AND FUND BALANCES	$36,410,778		30,033,223		2,826,552		11,647,220		9,916,673		90,834,446		113,851,363