TOWN OF CARY, NORTH CAROLINA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF NET ASSETS
June 30, 2006
Schedule 14	Garage		Health
	Service		Insurance		Total
ASSETS
Current Assets
Equity in Pooled Cash and Investments	$1,010,888		4,827,370		5,838,258
Accrued Interest on Investments	8,233		---		8,233
Accounts Receivable, net of allowance for         doubtful accounts	---		159,566		159,566
Due from Other Funds	---		---		---
Inventories	79,084		---		79,084
Miscellaneous Prepayment	---		---		---
Asset	---		---		---
Asset	---		---		---
TOTAL CURRENT ASSETS	1,098,205		4,986,936		6,085,141
Non-Current Assets
Long-term Notes Receivable	---		---		---
Noncurrent asset (PF only)	---		---		---
Noncurrent asset (PF only)	---		---		---
TOTAL NONCURRENT ASSETS	---		---		---
Capital Assets
Land, Land Improvements and Construction-in-Progress	---		---		---
Other Capital Assets, Net of Accumulated Depreciation	1,301,072		---		1,301,072
Building, Equipment and Vehicles-NOT USED	---		---		---
Construction-in-Progress-NOT USED	---		---		---
TOTAL CAPITAL ASSETS, NET	1,301,072		---		1,301,072
TOTAL ASSETS	2,399,277		4,986,936		7,386,213
LIABILITIES AND NET ASSETS
Current liabilities
Accounts Payable and Accrued Liabilities	85,005		---		85,005
Compensated Absences	---		---		---
Due to Other Funds	---		---		---
Deferred Revenues	---		---		---
Liability	---		---		---
Liability	---		---		---
TOTAL CURRENT LIABILITIES	85,005		---		85,005
Non-Current liabilities
Compensated Absences	34,292		---		34,292
Deposits	9,000		---		9,000
Claims Incurred But Not Reported	---		835,301		835,301
Miscellaneous	---		---		---
Noncurrent liability (PF only)	---		---		---
TOTAL NON-CURRENT LIABILITIES	43,292		835,301		878,593
TOTAL LIABILITIES	128,297		835,301		963,598
NET ASSETS
Invested in Capital Assets, Net of Related Debt	1,301,072		---		1,301,072
Net Assets - restricted (PF)	---		---		---
Net Assets - restricted (PF)	---		---		---
Unrestricted Net Assets	969,908		4,151,635		5,121,543
TOTAL NET ASSETS	$2,270,980		4,151,635		6,422,615