| TOWN OF CARY, NORTH CAROLINA |
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| GARAGE INTERNAL SERVICE
FUND |
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| SCHEDULE OF
REVENUES, EXPENDITURES, AND CHANGES IN FUND NET ASSETS |
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| BUDGET AND ACTUAL
(NON-GAAP) |
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| For the Year Ended June
30, 2006 |
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| With
Comparative Totals For the Year Ended June 30, 2005 |
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| Schedule 17 |
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2006 |
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2005 |
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Variance |
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Positive |
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Budget |
Actual |
(Negative) |
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Actual |
| REVENUES |
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| N.C. Gas Tax
Refund |
$
--- |
--- |
--- |
|
--- |
| Vehicle Maintenance & Repair |
$716,358 |
765,462 |
49,104 |
|
675,130 |
| Fuel Sales to Morrisville |
--- |
2,000 |
2,000 |
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--- |
| Investment Earnings, net of market
adjustment |
5,000 |
33,681 |
28,681 |
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20,372 |
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| TOTAL REVENUES |
721,358 |
801,143 |
79,785 |
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695,502 |
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| EXPENDITURES |
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| Garage |
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| Personnel Services |
652,096 |
575,353 |
76,743 |
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601,582 |
| Operations & Maintenance |
195,080 |
150,677 |
44,403 |
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157,040 |
| Capital Outlays |
--- |
--- |
--- |
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19,309 |
| TOTAL EXPENDITURES |
847,176 |
726,030 |
121,146 |
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777,931 |
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| Revenues Over (Under) Expenditures |
(125,818) |
75,113 |
200,931 |
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(82,429) |
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| OTHER FINANCING SOURCES |
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| Transfers Out |
--- |
--- |
--- |
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--- |
| Transfers In |
--- |
--- |
--- |
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--- |
| Proceeds from Sale of Assets |
--- |
--- |
--- |
|
5,834 |
| Appropriation from Fund Balance |
125,818 |
--- |
(125,818) |
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--- |
| Reserved for
Subsequent Years |
--- |
--- |
--- |
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--- |
| TOTAL |
125,818 |
--- |
(125,818) |
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5,834 |
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| Revenues and Other Sources Over (Under) |
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| Expenditures |
$ --- |
75,113 |
75,113 |
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(76,595) |
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| ADJUSTMENT TO ACCRUAL |
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| Add (Deduct) |
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| Capital Outlays |
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--- |
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19,309 |
| Depreciation Expense |
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(58,928) |
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(63,001) |
| Capital Contributions |
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--- |
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1,647 |
| Charges for
Services |
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--- |
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--- |
| Miscellaneous
Revenue |
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--- |
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--- |
| Increase in Compensated Absences
Liability |
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(1,357) |
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(3,697) |
| Loss on Disposal of Capital Assets |
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--- |
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(11,664) |
| TOTAL ACCRUAL ADJUSTMENTS |
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(60,285) |
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(57,406) |
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| CHANGE IN NET ASSETS |
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14,828 |
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(134,001) |
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| NET ASSETS - Beginning
of Year |
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2,256,152 |
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2,390,153 |
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| NET ASSETS - End of Year |
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$2,270,980 |
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2,256,152 |
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