TOWN OF CARY, NORTH CAROLINA
STATEMENT OF ACTIVITIES
For the Year Ended June 30, 2006
EXHIBIT B
									Net (Expense) Revenue and
			Program Revenues						Changes in Net Assets
					Operating		Capital		Primary Government
			Charges for		Grants and		Grants and		Governmental		Business-type
FUNCTIONS / PROGRAMS:	Expenses		Services		Contributions		Contributions		Activities		Activities		Total
Primary Government:
Governmental Activities:
General Government	$57,096,708		12,360,126		5,084,956		33,163,251		(6,488,375)		---		(6,488,375)
Public Safety	28,007,078		214,683		336,110		49,215		(27,407,070)		---		(27,407,070)
Public Works	12,077,761		---		754		---		(12,077,007)		---		(12,077,007)
Environmental Protection	8,608,864		5,220,246		---		---		(3,388,618)		---		(3,388,618)
Cultural and Recreational	9,105,437		3,974,497		14,607		1,300,090		(3,816,243)		---		(3,816,243)
Other Expenditures	---		---		---		---		---		---		---
Debt Service - ITEMS TO BE ELIMINATED	---		---		---		---		---		---		---
Interest Expense	3,926,624		---		---		---		(3,926,624)		---		(3,926,624)
Debt Service - fees	41,717		---		---		---		(41,717)		---		(41,717)
Capital Outlay - ITEMS TO BE ELIMINATED	---		---		---		---		---		---		---
TOTAL GOVERNMENTAL ACTIVITIES	118,864,189		21,769,552		5,436,427		34,512,556		(57,145,654)		---		(57,145,654)
Business-type Activities:
Utility	33,314,584		55,019,053		---		11,075,971		---		32,780,440		32,780,440
TOTAL BUSINESS-TYPE ACTIVITIES	33,314,584		55,019,053		---		11,075,971		---		32,780,440		32,780,440
Total Primary Government	$152,178,773		76,788,605		5,436,427		45,588,527		(57,145,654)		32,780,440		(24,365,214)
				General revenues:
				Ad Valorem Taxes					51,261,367		---		51,261,367
				Other Taxes					23,045,379		---		23,045,379
				Unrestricted Intergovernmental					4,823,993		---		4,823,993
				Investment Earnings					4,666,641		3,964,396		8,631,037
				Gain on Sale of Capital Assets					757,466		110,071		867,537
				General Donations					---		---		---
				Miscellaneous Revenue					1,923,845		77,847		2,001,692
				Transfers					149,932		(149,932)		---
				Gen Revenue (GA, BTA and CU)					---		---		---
				Gen Revenue (GA, BTA and CU)					---		---		---
				ITEMS TO BE ELIMINATED					---		---		---
				Special item (GA, BTA and CU)					---		---		---
				Extraordinary item (GA, BTA and CU)					---		---		---
				Total General Revenues					86,628,623		4,002,382		90,631,005
			CHANGE IN NET ASSETS, Before Special Item						29,482,969		36,782,822		66,265,791
			Special Item - Morrisville Merger						---		39,380,705		39,380,705
			CHANGE IN NET ASSETS, After Special Item						29,482,969		76,163,527		105,646,496
			NET ASSETS - Beginning of Year						550,991,223		297,507,878		848,499,101
			NET ASSETS - End of Year						$580,474,192		373,671,405		954,145,597
The accompanying notes are an integral part of these basic financial statements.