TOWN OF CARY, NORTH CAROLINA
HEALTH INSURANCE INTERNAL SERVICE FUND
SCHEDULE OF REVENUES AND EXPENDITURES, AND CHANGES IN FUND NET ASSETS
BUDGET AND ACTUAL (NON-GAAP)
For the Year Ended June 30, 2005
With Comparative Totals For the Year Ended June 30, 2004
Schedule  18
	2005				2004
			Variance
			Positive
	Budget	Actual	(Negative)		Actual
REVENUES
Health Insurance Premiums -
Employees	$5,702,098	6,343,580	641,482		4,708,404
Spouse and Dependents	1,367,964	1,395,015	27,051		1,174,348
Dental Insurance Premiums -
Employees	510,295	338,167	(172,128)		316,986
Spouse and Dependents	272,887	268,954	(3,933)		272,120
Investment Earnings, net			---
Miscellaneous Revenue	---	99,360	99,360		84,200
TOTAL REVENUES	7,853,244	8,445,076	591,832		6,556,058
EXPENDITURES
Insurance Claims
Health Claims	6,440,462	5,933,323	507,139		5,484,881
Dental Claims	613,077	563,750	49,327		515,769
Administration	696,094	714,682	(18,588)		651,884
TOTAL EXPENDITURES	7,749,633	7,211,755	537,878		6,652,534
Revenues Over (Under) Expenditures	103,611	1,233,321	1,129,710		(96,476)
OTHER FINANCING USE
Transfers Out			---
Transfers In	---	---	---		---
Appropriation to Fund Balance	(103,611)	---	103,611		---
TOTAL	(103,611)	---	103,611		---
Excess of Revenues Over (Under)
Expenditures and Other Uses	$          ---	1,233,321	1,233,321		(96,476)
ADJUSTMENT TO ACCRUAL
Decrease (Increase) in Claims Incurred
But Not Reported		168,299			(160,799)
Change in Net Assets		1,401,620			(257,275)
NET ASSETS - Beginning of Year		949,588			1,206,863
NET ASSETS - End of Year		$2,351,208			949,588