TOWN OF CARY, NORTH CAROLINA
STATEMENT OF NET ASSETS
June 30, 2005
EXHIBIT A
			Business		Total
	Governmental		Type		Primary
	Activities		Activities		Government
ASSETS
Equity in Pooled Cash and Investments	$135,160,062		109,834,727		244,994,789
Accrued Interest on Investments	798,075		660,587		1,458,662
Ad Valorem Taxes Receivable, net	311,445		---		311,445
Accounts Receivable, net	33,658,227		8,767,115		42,425,342
Inventories	604,925		---		604,925
Other Assets	508,447		---		508,447
Unspent Debt Proceeds	---		---		---
Unspent Restricted Grants	---		---		---
Water and Sewer Customer Deposits	---		---		---
Equity in Pooled Cash and Investments -           Restricted	22,143,221		1,155,119		23,298,340
Deferred Bond Expenses	567,086		991,776		1,558,862
Long-term Notes Receivable	---		4,977,911		4,977,911
Assessments Receivable	---		---		---
Capital Assets:
Land, Land Improvements and Construction       in Progress	121,366,778		50,043,687		171,410,465
Other Capital Assets, Net of Accumulated       Depreciation	383,034,713		251,376,618		634,411,331
Asset (GA, BTA and CU)	---		---		---
Asset (GA, BTA and CU)	---		---		---
TOTAL ASSETS	698,152,979		427,807,540		1,125,960,519
LIABILITIES
Accounts Payable and Accrued Liabilities	10,953,134		3,349,156		14,302,290
Internal Balances	(139,833)		139,833		---
Accrued Bond Interest	543,180		1,080,634		1,623,814
Retainage Payable	4,184,846		1,272,770		5,457,616
Unearned Revenues	3,004,227		5,866,013		8,870,240
Deposits	441,200		713,616		1,154,816
Unearned Revenues	---		---		---
Deferred Bond Premium	1,072,663		168,175		1,240,838
Developer Fee Credits	---		---		---
Miscellaneous	47,488		856,445		903,933
Long-term Liabilities:
Portion Due or Payable Within One Year	12,475,918		7,678,215		20,154,133
Portion Due or Payable After One Year	114,578,933		109,174,805		223,753,738
Liability (GA, BTA and CU)	---		---		---
Liability (GA, BTA and CU)	---		---		---
TOTAL LIABILITIES	147,161,756		130,299,662		277,461,418
NET ASSETS
Invested in Capital Assets, Net of Related Debt	441,352,775		185,550,036		626,902,811
Restricted for Customer Deposits	861,302		713,616		1,574,918
Restricted for Grant and Special Funding Purposes	13,736,319		---		13,736,319
Unrestricted	95,040,827		111,244,226		206,285,053
TOTAL NET ASSETS	$550,991,223		297,507,878		848,499,101
The accompanying notes are an integral part of these basic financial statements.