TOWN OF CARY, NORTH CAROLINA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS
For the Year Ended June 30, 2005
Schedule 15
	Garage		Health
	Service		Insurance		Total
OPERATING REVENUES
Charges for Services	$675,130		---		675,130
Health and Dental Premiums	---		8,345,716		8,345,716
Other Operating Revenues	---		---		---
Prop Oper Rev	---		---		---
Prop Oper Rev	---		---		---
TOTAL OPERATING REVENUES	675,130		8,345,716		9,020,846
OPERATING EXPENSES
Garage Services	762,319		---		762,319
Insurance Claims & Administrative Fees	---		7,043,456		7,043,456
Depreciation	63,001		---		63,001
Prop Oper Exp	---		---		---
Prop Oper Exp	---		---		---
TOTAL OPERATING EXPENSES	825,320		7,043,456		7,868,776
OPERATING INCOME (LOSS)	(150,190)		1,302,260		1,152,070
NONOPERATING REVENUES (EXPENSES)
Investment Earnings, net of market adjustment	20,372		---		20,372
NC Gas Tax Refund	---		---		---
Miscellaneous Revenue	---		99,360		99,360
Prop Nonoper Rev	---		---		---
Prop Nonoper Rev	---		---		---
Loss on Sale of Assets	(5,830)		---		(5,830)
Prop Nonoper Exp	---		---		---
Prop Nonoper Exp	---		---		---
TOTAL NONOPERATING REVENUE	14,542		99,360		113,902
INCOME (LOSS) BEFORE CAPITAL CONTRIBUTIONS	(135,648)		1,401,620		1,265,972
Capital Contributions	1,647		---		1,647
Transfers out (Prop)	---		---		---
Transfers In	---		---		---
Transfers Out	---		---		---
Transfers Between Sub-Funds	---		---		---
Other (Prop)	---		---		---
Capital contributions	---		---		---
Special items	---		---		---
Extraordinary items	---		---		---
CHANGE IN NET ASSETS	(134,001)		1,401,620		1,267,619
TOTAL NET ASSETS - Beginning of Year	2,390,153		949,588		3,339,741
TOTAL NET ASSETS - End of Year	$2,256,152		2,351,208		4,607,360