TOWN OF CARY, NORTH CAROLINA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS
For the Year Ended June 30, 2006
Schedule 15
	Garage		Health
	Service		Insurance		Total
OPERATING REVENUES
Charges for Services	$767,462		---		767,462
Health and Dental Premiums	---		8,771,940		8,771,940
Other Operating Revenues	---		---		---
Prop Oper Rev	---		---		---
Prop Oper Rev	---		---		---
TOTAL OPERATING REVENUES	767,462		8,771,940		9,539,402
OPERATING EXPENSES
Garage Services	727,387		---		727,387
Insurance Claims & Administrative Fees	---		7,012,437		7,012,437
Depreciation	58,928		---		58,928
Prop Oper Exp	---		---		---
Prop Oper Exp	---		---		---
TOTAL OPERATING EXPENSES	786,315		7,012,437		7,798,752
OPERATING INCOME (LOSS)	(18,853)		1,759,503		1,740,650
NONOPERATING REVENUES
Investment Earnings, net of market adjustment	33,681		---		33,681
NC Gas Tax Refund	---		---		---
Miscellaneous Revenue	---		40,924		40,924
Prop Nonoper Rev	---		---		---
Prop Nonoper Rev	---		---		---
Loss on Sale of Assets	---		---		---
Prop Nonoper Exp	---		---		---
TOTAL NONOPERATING REVENUE	33,681		40,924		74,605
INCOME (LOSS) BEFORE CAPITAL CONTRIBUTIONS	14,828		1,800,427		1,815,255
Capital Contributions	---		---		---
Transfers out (Prop)	---		---		---
Transfers In	---		---		---
Transfers Out	---		---		---
Transfers Between Sub-Funds	---		---		---
Other (Prop)	---		---		---
Capital contributions	---		---		---
Special items	---		---		---
Extraordinary items	---		---		---
CHANGE IN NET ASSETS	14,828		1,800,427		1,815,255
TOTAL NET ASSETS - Beginning of Year	2,256,152		2,351,208		4,607,360
TOTAL NET ASSETS - End of Year	$2,270,980		4,151,635		6,422,615