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| TOWN OF CARY, NORTH
CAROLINA |
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| UTILITY SYSTEM
CAPITAL RESERVE SUB-FUND |
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| SCHEDULE OF
REVENUES, EXPENDITURES, AND CHANGES IN FUND NET ASSETS |
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| BUDGET AND ACTUAL
(NON-GAAP) |
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| For the Year Ended June 30, 2005 |
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| With
Comparative Totals For the Year Ended June 30, 2004 |
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| Schedule 13 |
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2005 |
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2004 |
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Variance |
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Positive |
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Budget |
Actual |
(Negative) |
|
Actual |
| REVENUES |
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| Water Development Fees |
$1,860,554 |
2,885,047 |
1,024,493 |
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3,544,463 |
| Sewer Development Fees |
2,534,721 |
3,604,141 |
1,069,420 |
|
4,342,302 |
| Acreage Fees -
Water |
--- |
--- |
--- |
|
--- |
| Acreage Fees -
Sewer |
--- |
--- |
--- |
|
--- |
| Investment Earnings, net of market adjustment |
1,380,881 |
1,715,939 |
335,058 |
|
238,036 |
| Restricted
Intergovernmental Revenue |
--- |
--- |
--- |
|
--- |
| Miscellaneous |
--- |
12,750 |
12,750 |
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15,541 |
| TOTAL REVENUES |
5,776,156 |
8,217,877 |
2,441,721 |
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8,140,342 |
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| OTHER FINANCING USES |
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| Transfers Out, net |
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| Transfer to Water Project Sub-Fund |
(2,061,510) |
(889,408) |
1,172,102 |
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(6,446,324) |
| Transfer to Sewer Project Sub-Fund |
(3,570,659) |
(1,580,825) |
1,989,834 |
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4,848,656 |
| Transfer from Utility System
Operations |
--- |
--- |
--- |
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--- |
| Transfer from
General Fund |
--- |
--- |
--- |
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--- |
| Bond Proceeds |
--- |
--- |
--- |
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--- |
| Appropriation to Fund Balance |
(143,987) |
--- |
143,987 |
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--- |
| Reserve for
Future Capital Needs |
--- |
--- |
--- |
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--- |
| TOTAL OTHER FINANCING USES |
(5,776,156) |
(2,470,233) |
3,305,923 |
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(1,597,668) |
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| Revenues Over Other Uses |
$
--- |
5,747,644 |
5,747,644 |
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6,542,674 |
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| ADJUSTMENT TO ACCRUAL: |
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| Add |
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| Development Fee Credits Used |
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480,648 |
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268,594 |
| Decrease
Arbitrage Liability |
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--- |
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--- |
| Long-Term Debt
Proceeds |
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--- |
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--- |
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| Total
Accrual Adjustments |
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480,648 |
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268,594 |
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| CHANGE IN NET ASSETS |
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6,228,292 |
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6,811,268 |
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| NET ASSETS - Beginning
of Year, Adjusted |
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28,936,745 |
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22,125,477 |
| NET ASSETS - End of Year |
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$35,165,037 |
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28,936,745 |
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