TOWN OF CARY, NORTH CAROLINA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF NET ASSETS
June 30, 2005
Schedule 14	Garage		Health
	Service		Insurance		Total
ASSETS
Current Assets
Equity in Pooled Cash and Investments	$987,718		2,906,650		3,894,368
Accrued Interest on Investments	5,949		---		5,949
Accounts Receivable, net of allowance for         doubtful accounts	---		54,783		54,783
Due from Other Funds	---		---		---
Inventories	54,896		---		54,896
Miscellaneous Prepayment	---		---		---
Asset	---		---		---
Asset	---		---		---
TOTAL CURRENT ASSETS	1,048,563		2,961,433		4,009,996
Non-Current Assets
Long-term Notes Receivable	---		---		---
Noncurrent asset (PF only)	---		---		---
Noncurrent asset (PF only)	---		---		---
TOTAL NONCURRENT ASSETS	---		---		---
Capital Assets
Land, Land Improvements and Construction in Progress	---		---		---
Other Capital Assets, Net of Accumulated Depreciation	1,360,000		---		1,360,000
Building, Equipment and Vehicles-NOT USED	---		---		---
Construction in Progress-NOT USED	---		---		---
TOTAL CAPITAL ASSETS, NET	1,360,000		---		1,360,000
TOTAL ASSETS	2,408,563		2,961,433		5,369,996
LIABILITIES AND NET ASSETS
Current liabilities
Accounts Payable and Accrued Liabilities	119,475		23		119,498
Compensated Absences	30,222		---		30,222
Due to Other Funds	---		---		---
Debt Payable	---		---		---
Accrued Debt Interest Payable	---		---		---
Retainage Payable	---		---		---
Deferred Revenues	---		---		---
Liability	---		---		---
Liability	---		---		---
TOTAL CURRENT LIABILITIES	149,697		23		149,720
Non-Current liabilities
Compensated Absences	2,714		---		2,714
Deposits	---		---		---
State Revolving Loan Payable	---		---		---
Claims Incurred But Not Reported	---		610,202		610,202
Miscellaneous	---		---		---
Noncurrent liability (PF only)	---		---		---
Noncurrent liability (PF only)	---		---		---
TOTAL NON-CURRENT LIABILITIES	2,714		610,202		612,916
TOTAL LIABILITIES	152,411		610,225		762,636
NET ASSETS
Invested in Capital Assets, Net of Related Debt	1,360,000		---		1,360,000
Net Assets - restricted (PF)	---		---		---
Net Assets - restricted (PF)	---		---		---
Unrestricted Net Assets	896,152		2,351,208		3,247,360
TOTAL NET ASSETS	$2,256,152		2,351,208		4,607,360