| TOWN OF CARY, NORTH CAROLINA | ||||
| PARKS AND RECREATION PROJECT SUB-FUND | ||||
| SCHEDULE OF REVENUES, EXPENDITURES, | ||||
| AND CHANGES IN FUND BALANCE-BUDGET AND ACTUAL | ||||
| From Inception To June 30, 2005 | ||||
| Schedule 4 | ||||
| Actual | ||||
| Project | Prior | Current | Total | |
| Authorization | Years | Year | To Date | |
| REVENUES | ||||
| Wake County Grant | $260,000 | 260,000 | --- | 260,000 |
| State and Federal Grants | 974,562 | 343,562 | 400,000 | 743,562 |
| Investment Earnings | 96,142 | 96,141 | --- | 96,141 |
| Contributions | 127,494 | 93,244 | --- | 93,244 |
| Developer Reimbursement | --- | --- | 48,875 | 48,875 |
| Subtotal | 1,458,198 | 792,947 | 448,875 | 1,241,822 |
| Less: Completed Projects | (303,154) | (303,154) | --- | (303,154) |
| TOTAL REVENUES | 1,155,044 | 489,793 | 448,875 | 938,668 |
| EXPENDITURES | ||||
| Asset-Related Projects | ||||
| Annie Jones Park/Greenway Renovation | 223,380 | 112,260 | --- | 112,260 |
| Aquatics Center | 5,000,000 | --- | --- | --- |
| Bachelor Branch Greenway | 875,300 | 72,184 | 12 | 72,196 |
| Bartley Parcel - Phase I | 277,800 | 67,116 | 35,195 | 102,311 |
| Black Creek Greenway - Phase IV | 3,633,800 | 272,448 | 447,271 | 719,719 |
| Bond Park Improvements | 1,336,081 | 212,816 | 24,799 | 237,615 |
| Bond Park Water Line | 211,500 | 32 | 16 | 47 |
| Brooks Park * | 6,109,794 | 6,034,769 | 74,969 | 6,109,739 |
| Dog Park at Godbold Park | 53,500 | --- | 22 | 22 |
| East Cary Park- Phase I | 601,697 | --- | --- | --- |
| Greenway Land & Open Space | 1,480,300 | 220,074 | 74,902 | 294,976 |
| Hemlock Bluffs - Exhibits | 32,350 | 20,400 | --- | 20,400 |
| Koka
Booth Amphitheatre at Regency Park - FY2004 Improvements |
280,500 | 32,534 | 15,726 | 48,260 |
| Lexie Lane Park Renovation/Expansion | 54,700 | 2,800 | --- | 2,800 |
| MacDonald Woods Park Improvements - Phase II | 327,500 | --- | --- | --- |
| MacDonald
Woods/Pirates Cove Expansion & Renovation |
669,200 | 290,188 | 191,510 | 481,698 |
| Middle Creek Park- West Lake * | 2,162,004 | --- | 94,489 | 94,489 |
| Ritter Park Renovation | 585,500 | 24,375 | 13,226 | 37,601 |
| Sears Farm Rd. Park | 1,876,818 | 1,325,720 | 396,812 | 1,722,532 |
| Seniors Memorial Garden * | 16,490 | 10,400 | 5,270 | 15,670 |
| Site Acquisition - ALL * | 157,584 | --- | 1,103 | 1,103 |
| Skate Park * | 856,429 | 821,761 | 4,232 | 825,993 |
| Speight Branch Greenway - Phase I | 896,900 | 182,151 | 564,134 | 746,285 |
| Town Center Facilities/Property Study | 75,000 | --- | --- | --- |
| Town Hall Gateway Project | 300,000 | 12,000 | 13,000 | 25,000 |
| Tryon Road Crossing | 275,000 | --- | --- | --- |
| Asset-Related Projects (cont'd): | ||||
| Tryon Road Park/Greenway | $132,900 | 1,903 | --- | 1,903 |
| US 1/64 Pedestrian Crossing | 929,500 | --- | 518,562 | 518,562 |
| USA Baseball - Brooks Park | 10,653,833 | --- | 13,339 | 13,339 |
| Veterans' Freedom Park | 150,000 | --- | 75,000 | 75,000 |
| Walnut Creek Greenway | 553,061 | 85,013 | --- | 85,013 |
| Walnut Street Park | 1,654,000 | --- | 23,278 | 23,278 |
| White Oak Greenway - Phases III & IV | 4,209,000 | 984,144 | 126,261 | 1,110,405 |
| White Oak Park - Phase II * | 493,800 | 484,051 | --- | 484,051 |
| Total Expenditures | 47,145,221 | 11,269,139 | 2,713,130 | 13,982,268 |
| Less: Completed Projects (noted by *) | (7,572,104) | (7,350,981) | (180,064) | (7,531,045) |
| Construction-in-Progress | 39,573,117 | 3,918,157 | 2,533,066 | 6,451,224 |
| Expense Projects | ||||
| Facility Renovations | 100,000 | --- | --- | --- |
| Greenway Crosswalk System | 90,000 | --- | --- | --- |
| Greenway Resurfacing FY2001 | 196,000 | 121,261 | 14,406 | 135,667 |
| Greenway Resurfacing FY2004 | 44,100 | --- | --- | --- |
| Lions Park Renovations | 115,900 | 26,366 | --- | 26,366 |
| Park and Greenway Renovations FY2003 | 269,400 | 37,615 | 2,116 | 39,732 |
| Park and Greenway Renovations FY2004 | 200,900 | --- | 13,559 | 13,559 |
| Tennis Court Renovations FY2003 | 27,700 | --- | --- | --- |
| Tennis Court Renovations FY2004 | 84,200 | (609) | 65,270 | 64,661 |
| Tennis Fence Replacement FY2004 | 89,650 | 4,500 | 7,137 | 11,637 |
| Construction-in-Progress | 1,217,850 | 189,133 | 102,489 | 291,621 |
| TOTAL EXPENDITURES | 48,363,071 | 11,458,271 | 2,815,618 | 14,273,890 |
| Total Completed Projects | (7,572,104) | (7,350,981) | (180,064) | (7,531,045) |
| Construction-in-Progress | 40,790,967 | 4,107,290 | 2,635,555 | 6,742,845 |
| Revenues Under Expenditures | (39,635,923) | (3,617,497) | (2,186,680) | (5,804,177) |
| OTHER FINANCING SOURCES | ||||
| Bond Proceeds | $6,459,585 | 2,093,337 | --- | 2,093,337 |
| Transfers In, net | ||||
| General Fund | 27,758,115 | 27,460,316 | 360,000 | 27,820,316 |
| Capital Reserve Sub-Fund | 7,863,824 | 5,943,525 | 1,879,240 | 7,822,765 |
| Capital Reserve Sub-Fund - Bond Proceeds | 4,823,349 | 4,823,040 | 309 | 4,823,349 |
| Sub-Total | 46,904,873 | 40,320,218 | 2,239,549 | 42,559,767 |
| Less: Completed Projects | (7,268,950) | (18,907,150) | 11,679,259 | (7,227,891) |
| TOTAL OTHER FINANCING SOURCES | 39,635,923 | 21,413,068 | 13,918,808 | 35,331,876 |
| Increase | --- | 17,795,571 | 11,732,128 | 29,527,699 |
| Adjustment for closed projects | --- | 11,859,323 | (11,859,323) | --- |
| FUND BALANCE | $ --- | 29,654,894 | (127,195) | 29,527,699 |