TOWN OF CARY, NORTH CAROLINA
TRANSIT SPECIAL REVENUE FUND
BUDGETARY COMPARISON STATEMENT
For the Year Ended June 30, 2005
With Comparative Actual Amounts for the Year Ended June 30, 2004
EXHIBIT I
	2005		2005			2004
				Variance
				Positive
	Original	Budget	Actual	(Negative)		Actual
REVENUES
Federal Transit Administration Grant	$         ---	$570,000	856,573	286,573		504,203
State Maintenance Assistance Program Grant		200,000	290,909	90,909		140,711
Vehicle License Fee		390,000	413,168	23,168		397,576
C-Tran Ticket Sales		105,000	111,682	6,682		93,011
Miscellaneous Revenue		---	---	---		---
TOTAL REVENUE	---	1,265,000	1,672,332	407,332		1,135,501
EXPENDITURES
Transit Operations
Personnel Services		77,887	80,179	(2,292)		74,528
Operations & Maintenance		1,786,830	1,696,011	90,819		1,356,191
Capital Outlays		---	---	---		---
Contingencies		---	---	---		---
TOTAL EXPENDITURES	---	1,864,717	1,776,190	88,527		1,430,719
Revenue Under Expenditures	---	(599,717)	(103,858)	495,859		(295,218)
OTHER FINANCING SOURCES
Transfers In from General Fund	---	599,717	599,717	---		466,091
Appropriation from Fund Balance	---	---	---	---		---
TOTAL OTHER FINANCING SOURCES	---	599,717	599,717	---		466,091
Revenues and Other Sources Over Expenditures	$         ---	$          ---	495,859	495,859		170,873
FUND BALANCE - Beginning of Year			340,149			169,276
FUND BALANCE - End of Year			$836,008			340,149
The accompanying notes are an integral part of these basic financial statements.