TOWN OF CARY, NORTH CAROLINA
RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE
STATEMENT OF NET ASSETS
June 30, 2005
EXHIBIT D
Amounts reported for governmental activities in the statement of net assets are different because:
								Governmental Funds	Internal Service Funds	Total
ENDING FUND BALANCE - GOVERNMENTAL FUNDS								$148,165,718	---	148,165,718
Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds.
								503,041,491	1,360,000	504,401,491
Long-term receivables, net of related deferred revenues, are not available to pay for current-period expenditures and are not included in the funds.  This also includes a current internal service fund receivable.
								21,769,103	60,732	21,829,835
Other internal service fund current assets included as governmental activities (cash, receivables, inventory).
								---	3,949,264	3,949,264
Long-term and non-current assets and liabilities related to debt (deferred expenses, premiums and interest payable) are not available or due in the current period and therefore are not reported in the funds.  This is a net amount.
								(1,048,757)	---	(1,048,757)
Non-current assets includes prepaid pension benefits and prepaid parking lot usage.  This also includes an inter-fund receivable related to internal service fund activities.  These are not available in the current period and therefore not reported in the funds.
								608,486	---	608,486
Certain non-current liabilities are not due in the current period and therefore not reported in the funds.  This also includes internal service fund accounts payable which is considered current.
								(13,487)	(119,498)	(132,985)
Long-term liabilities, including bonds payable, are not due and payable in the current period and therefore are not reported in the funds.
								(126,138,691)	(643,138)	(126,781,829)
NET ASSETS OF GOVERNMENTAL ACTIVITIES								$546,383,863	4,607,360	550,991,223
The accompanying notes are an integral part of these basic financial statements.