TOWN OF CARY, NORTH CAROLINA
STATEMENT OF ACTIVITIES
For the Year Ended June 30, 2005
EXHIBIT B
									Net (Expense) Revenue and
			Program Revenues						Changes in Net Assets
					Operating		Capital		Primary Government
			Charges for		Grants and		Grants and		Governmental		Business-type
FUNCTIONS / PROGRAMS:	Expenses		Services		Contributions		Contributions		Activities		Activities		Total
Primary Government:
Governmental Activities:
General Government	$53,590,780		8,242,804		4,633,613		21,202,296		(19,512,067)		---		(19,512,067)
Public Safety	26,297,795		240,839		295,358		---		(25,761,598)		---		(25,761,598)
Public Works	11,513,747		---		31,385		---		(11,482,362)		---		(11,482,362)
Environmental Protection	7,173,626		3,509,298		---		---		(3,664,328)		---		(3,664,328)
Cultural and Recreational	8,204,314		3,722,177		18,987		686,537		(3,776,613)		---		(3,776,613)
Other Expenditures	---		---		---		---		---		---		---
Debt Service - ITEMS TO BE ELIMINATED	---		---		---		---		---		---		---
Interest Expense	3,927,140		---		---		---		(3,927,140)		---		(3,927,140)
Debt Service - fees	108,884		---		---		---		(108,884)		---		(108,884)
Capital Outlay - ITEMS TO BE ELIMINATED	---		---		---		---		---		---		---
TOTAL GOVERNMENTAL ACTIVITIES	110,816,286		15,715,118		4,979,343		21,888,833		(68,232,992)		---		(68,232,992)
Business-type Activities:
Utility	30,262,976		38,618,623		---		2,986,731		---		11,342,378		11,342,378
TOTAL BUSINESS-TYPE ACTIVITIES	30,262,976		38,618,623		---		2,986,731		---		11,342,378		11,342,378
Total Primary Government	$141,079,262		54,333,741		4,979,343		24,875,564		(68,232,992)		11,342,378		(56,890,614)
					General revenues:
					Ad Valorem Taxes				49,270,228		---		49,270,228
					Other Taxes				20,450,341		---		20,450,341
					Unrestricted Intergovernmental				4,575,741		---		4,575,741
					Investment Earnings				3,400,303		2,761,625		6,161,928
					Loss on Sale of Capital Assets				(940,386)		(91,942)		(1,032,328)
					General Donations				---		---		---
					Miscellaneous Revenue				1,765,884		29,904		1,795,788
					Transfers				---		---		---
					Gen Revenue (GA, BTA and CU)				---		---		---
					Gen Revenue (GA, BTA and CU)				---		---		---
					ITEMS TO BE ELIMINATED				---		---		---
					Special item (GA, BTA and CU)				---		---		---
					Extraordinary item (GA, BTA and CU)				---		---		---
					Total General Revenues				78,522,111		2,699,587		81,221,698
					CHANGE IN NET ASSETS				10,289,119		14,041,965		24,331,084
			NET ASSETS - Beginning of Year, as previously reported						538,136,536		283,465,913		821,602,449
			Prior Period Adjustment						2,565,568		---		2,565,568
			NET ASSETS - Beginning of Year, as restated						540,702,104		283,465,913		824,168,017
			NET ASSETS - End of Year						$550,991,223		297,507,878		848,499,101
The accompanying notes are an integral part of these basic financial statements.