TOWN OF CARY, NORTH CAROLINA
BALANCE SHEET
GOVERNMENTAL FUNDS
June 30, 2006
EXHIBIT C	Major Funds				Non-Major Funds Reported as Major Funds
			Capital		Amphitheatre		Transit		911		CDBG		Total
	General		Projects		Special		Special		Special		Special		Governmental
	Fund		Fund		Revenue Fund		Revenue Fund		Revenue Fund		Revenue Fund		Funds
ASSETS
UNRESTRICTED ASSETS
Equity in Pooled Cash and Investments	$63,549,424		52,447,762		640,359		758,452		---		912		117,396,909
Accrued Interest on Investments	541,050		524,517		---		---		---		---		1,065,567
Ad Valorem Taxes Receivable, net of allowance for        doubtful accounts	308,368		---		---		---		---		---		308,368
Accounts Receivable, net of allowance for        doubtful accounts	8,468,083		609,792		664		---		43,790		30,893		9,153,222
Asset	---		---		---		---		---		---		---
Asset	---		---		---		---		---		---		---
Inventories	627,609		---		---		---		---		---		627,609
Other Assets	60,979		---		144,647		---		---		---		205,626
Due from CDBG Special Revenue Fund	2,000		---		---		---		---		---		2,000
TOTAL UNRESTRICTED ASSETS	73,557,513		53,582,071		785,670		758,452		43,790		31,805		128,759,301
RESTRICTED ASSETS
Equity in Pooled Cash and Investments
Unspent Debt Proceeds	---		---		---		---		---		---		---
Unspent Restricted Grants	451		15,097,056		---		---		---		---		15,097,507
Customer Deposits	3,006,924		---		---		---		---		---		3,006,924
Other Restricted Funds	---		---		---		---		131,563		---		131,563
TOTAL RESTRICTED ASSETS	3,007,375		15,097,056		---		---		131,563		---		18,235,994
TOTAL ASSETS	76,564,888		68,679,127		785,670		758,452		175,353		31,805		146,995,295
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts Payable	6,443,993		6,458,253		---		159,803		---		29,805		13,091,854
Retainage Payable	---		3,733,033		---		---		---		---		3,733,033
Deferred Revenues	582,249		388,675		---		---		---		---		970,924
Deposits	953,248		124,953		---		---		---		---		1,078,201
Liability	---		---		---		---		---		---		---
Liability	---		---		---		---		---		---		---
Due to General Fund	---		---		---		---		---		2,000		2,000
TOTAL LIABILITIES	7,979,490		10,704,914		---		159,803		---		31,805		18,876,012
FUND BALANCES
Reserved:
Reserved for Inventories	627,609		---		---		---		---		---		627,609
Reserved by State Statute	9,045,898		685,096		145,311		---		43,790		---		9,920,095
Reserved for Encumbrances	2,114,812		---		---		---		---		---		2,114,812
Reserved for Streets - Powell Bill	---		15,097,056		---		---		---		---		15,097,056
Reserved for Federal Block Grant	---		---		---		---		---		---		---
Reserved for Restricted 911 Funds	---		---		---		---		131,563		---		131,563
Unreserved, Designated:
Designated - Self Insurance	457,928		---		---		---		---		---		457,928
Designated - Affordable Housing Program	1,099,962		---		---		---		---		---		1,099,962
Designated for Capital Projects	---		33,187,302		---		---		---		---		33,187,302
Designated for Subsequent Year's Expenditures	2,184,689		1,943,807		---		229,268		---		---		4,357,764
Designated for Economic Development	---		---		---		---		---		---		---
Unreserved, Undesignated	53,054,500		7,060,952		---		---		---		---		60,115,452
Unreserved, reported in nonmajor:
Special Revenue	---		---		640,359		369,381		---		---		1,009,740
TOTAL FUND BALANCES	68,585,398		57,974,213		785,670		598,649		175,353		---		128,119,283
TOTAL LIABILITIES AND FUND BALANCES	$76,564,888		68,679,127		785,670		758,452		175,353		31,805		146,995,295
The accompanying notes are an integral part of these basic financial statements.