TOWN OF CARY, NORTH CAROLINA
LAW ENFORCEMENT SEPARATION ALLOWANCE
REQUIRED SUPPLEMENTAL INFORMATION
Last Ten Fiscal Years
Page 1 of 2
		Actuarial
		Accrued	Unfunded				UAAL As a
Actuarial	Actuarial	Liability (AAL)	AAL				Percentage
Valuation	Value of	Projected	(UAAL)	Funded		Covered	Of Covered
Date	Assets	Unit Credit	Obligation	Ratio		Payroll	Payroll
12/31/1995	$407,890	357,951	(49,939)	113.95	%	2,349,233	(2.13)	%
12/31/1996	429,165	434,430	5,265	98.79		2,764,829	0.19
12/31/1997	452,253	501,266	49,013	90.22		3,073,436	1.59
12/31/1998	476,629	672,282	195,653	70.90		3,526,525	5.54
12/31/1999	835,978	730,522	(105,456)	114.44		4,104,752	(2.57)
12/31/2000	888,967	1,192,989	304,022	74.52		4,744,712	6.41
12/31/2001	925,296	1,409,020	483,724	65.67		5,512,118	8.78
12/31/2002	963,910	1,584,215	620,305	60.84		5,821,893	10.65
12/31/2003	1,007,327	1,929,459	922,132	52.21		6,481,256	14.23
12/31/2004	1,143,468	2,193,200	1,049,732	52.14		7,226,058	14.53
TOWN OF CARY, NORTH CAROLINA
LAW ENFORCEMENT SEPARATION ALLOWANCE
REQUIRED SUPPLEMENTAL INFORMATION
Last Ten Fiscal Years
Page 2 of 2
		Annual	Actual
	Year Ended	Required	Amount	Percentage
	June 30	Contribution	Contributed	Contributed
	1996	$19,028	80,000	420.43	%
	1997	26,509	80,000	301.78
	1998	34,754	80,000	230.19
	1999	50,656	80,000	157.93
	2000	28,854	80,000	277.26
	2001	28,854	80,000	277.26
	2002	96,190	80,000	83.17
	2003	122,418	96,190	78.57
	2004	137,600	122,418	88.97
	2005	163,088	137,600	84.37
Note to the Required Schedules:
The information presented in the required supplementary schedules was determined as part of the
actuarial valuations at the dates indicated.  Additional information as of the latest actuarial valuation
follows:
	Valuation			12/31/2004
	Actuarial cost method			Projected unit credit
	Amortization method			Level percent of pay closed
	Remaining amortization period			26 years
	Asset valuation method			Market value
	Actuarial assumptions:
	Investment rate of return*			7.25%
	Projected salary increases*			5.9 - 9.8%
	Cost of living adjustments			None
	*Includes inflation at 3.75%