TOWN OF CARY, NORTH CAROLINA 
 CHANGES IN NET ASSETS(1)
 Last Eight Fiscal Years 
 Table 2 
 Fiscal Year 
2002 2003 2004 2005 2006 2007 2008 2009
Expenses
 Governmental activities: 
 General Government  $47,180,156 42,053,246 40,446,945 53,590,780 57,096,708 56,546,267 74,320,374 63,457,283
 Public Safety  20,349,410 23,503,144 24,872,943 26,297,795 28,007,078 29,930,938 35,721,948 37,689,195
 Public Works  8,958,481 12,471,741 11,070,550 11,513,747 12,077,761 12,455,969 16,405,250 17,680,284
 Environmental Protection  6,156,796 6,586,256 7,019,903 7,173,626 8,608,864 6,897,725 7,351,493 7,599,538
 Cultural and Recreational  6,493,162 6,149,173 8,514,819 8,204,314 9,105,437 10,050,001 12,261,772 13,463,176
 Interest Expense  1,302,231 2,605,625 4,304,944 3,927,140 3,926,624 5,395,306 4,896,880 3,894,776
 Debt service - other   --- --- 103,550 108,884 41,717 112,382 120,766 132,606
Total Governmental Activities Expense 90,440,236 93,369,185 96,333,654 110,816,286 118,864,189 121,388,588 151,078,483 143,916,858
Total Business-type activity - Utility Systems 28,351,400 27,849,028 30,441,054 30,262,976 33,314,584 38,201,957 42,627,478 44,897,338
TOTAL PRIMARY GOVERNMENT EXPENSES 118,791,636 121,218,213 126,774,708 141,079,262 152,178,773 159,590,545 193,705,961 188,814,196
Program revenues
 Governmental activities: 
            Charges for Services
                  General Governmental 6,170,948 6,340,931 6,880,238 7,977,210 12,116,349 13,033,700 12,758,839 9,214,685
                  Public Safety 261,053 397,951 376,805 240,839 209,683 293,285 364,632 370,818
                  Public Works --- --- --- --- --- 98,716 --- ---
                  Environmental Protection 3,044,668 3,182,714 3,334,015 3,509,298 5,220,246 5,197,847 5,336,582 7,023,543
                  Cultural and Recreational 1,699,067 1,621,449 2,577,620 3,722,177 3,974,497 7,097,544 4,709,340 4,708,076
            Operating Grants and Contributions
                  General Governmental 3,113,330 3,619,872 3,731,539 4,311,613 4,669,956 5,458,332 6,098,239 6,351,978
                  Public Safety 603,908 311,750 171,083 295,358 336,110 417,149 304,791 287,257
                  Public Works 703 1,822,492 962,861 31,385 754 38,215 --- ---
                  Environmental Protection --- 2,850 --- --- --- --- --- 39,912
                  Cultural and Recreational 88,534 1,478 250,962 18,987 14,607 27,918 21,163 37,754
            Capital Grants and Contributions
                  General Governmental 10,546,988 10,358,541 10,483,680 21,202,296 32,951,708 44,867,735 92,670,276 35,264,292
                  Public Safety --- --- 68,005 --- 49,215 9,262 --- ---
                  Cultural and Recreational 1,999,894 139,030 215,222 686,537 1,300,090 1,032,250 330,251 2,029,625
Total Governmental Activities Program revenues      27,529,093      27,799,058      29,052,030      41,995,700      60,843,215     77,571,953   122,594,113     65,327,940
 Business-type activity (Utility System): 
            Charges for Services 37,778,883 32,279,140 35,068,385 38,618,623 55,019,053 61,373,246 65,640,092 57,906,360
            Operating Grants and Contributions --- 74,960 40,040 --- --- --- --- ---
            Capital Grants and Contributions 7,026,136 4,914,460 1,525,731 2,986,731 11,075,971 8,704,385 19,771,505 21,858,752
Total Business Activity Program revenues      44,805,019      37,268,560      36,634,156      41,605,354      66,095,024     70,077,631     85,411,597     79,765,112
TOTAL PRIMARY GOVERNMENT
     PROGRAM REVENUES		      72,334,112      65,067,618      65,686,186      83,601,054    126,938,239   147,649,584   208,005,710   145,093,052
Net Revenue (Expense)
 Governmental activities  ($62,911,143) (65,570,127) (67,281,624) (68,820,586) (58,020,974) (43,816,635) (28,484,370) (78,588,918)
 Business-type activity  16,453,619 9,419,532 6,193,102 11,342,378 32,780,440 31,875,674 42,784,119 34,867,774
TOTAL PRIMARY GOVERNMENT NET REVENUE (EXPENSE)    (46,457,524)    (56,150,595)    (61,088,522)    (57,478,208)    (25,240,534)   (11,940,961)     14,299,749   (43,721,144)
General revenues and Other Changes in Net Assets
 Governmental activities: 
          Ad Valorem Taxes 45,297,900 46,384,766 48,150,963 49,270,228 51,261,367 54,347,849 58,217,802 64,920,931
          Sales Tax 13,439,924 14,914,005 17,192,619 18,948,763 20,797,713 23,057,033 24,168,200 22,557,180
          Other Taxes 2,181,025 1,244,904 1,395,908 1,501,578 2,247,666 2,264,536 3,026,955 3,007,635
          Unrestricted Intergovernmental 2,252,901 4,440,532 3,519,590 4,575,741 4,823,993 5,956,296 7,267,076 8,163,827
          Investment Earnings, net of market adjustment 5,687,348 4,621,889 1,989,392 3,987,897 5,541,961 9,861,189 11,079,649 6,756,498
          Gain on Sale of Capital Assets 104,813 76,240 85,727 (940,386) 757,466 401,122 (172,613) 121,950
          Miscellaneous Revenue 1,814,891 1,400,321 1,586,924 1,765,884 1,923,845 1,720,932 1,089,446 1,285,311
          Transfers In (Out), net 403,497 448,922 (46,862) --- 149,932 --- 12,207,246 1,000,000
               Total Governmental Activities      71,182,299      73,531,579      73,874,261      79,109,705      87,503,943     97,608,957   116,883,761   107,813,332
 Business type activity: 
          Investment Earnings, net of market adjustment 4,657,899 3,825,895 1,076,895 2,761,625 3,964,396 7,313,154 9,554,573 6,536,161
          Gain (Loss) on Sale of Capital Assets (37,641) 1,758 10,815 (91,942) 110,071 147,393 33,214 64,942
          Miscellaneous Revenue 213,585 101,898 64,382 29,904 77,847 27,369 111,410 93,164
          Transfers In (Out), net (403,497) (448,922) 46,862 --- (149,932) --- (12,207,246) (1,000,000)
               Total Business type Activity        4,430,346        3,480,629        1,198,954        2,699,587        4,002,382       7,487,916     (2,508,049)       5,694,267
TOTAL PRIMARY GOVERNMENT GENERAL
          REVENUES AND OTHER CHANGES IN NET ASSETS      75,612,645      77,012,208      75,073,215      81,809,292      91,506,325   105,096,873   114,375,712   113,507,599
Change in Net Assets
 Governmental activities        8,271,156       7,961,452       6,592,638     10,289,119     29,482,969    53,792,322    88,399,391    29,224,414
 Business type activity      20,883,965     12,900,161       7,392,056     14,041,965     36,782,822    39,363,590    40,276,070    40,562,041
 Special Item - Morrisville Merger  --- --- --- --- 39,380,705 --- --- ---
           Sub-total Business type activity  20,883,965 12,900,161 7,392,056 14,041,965 76,163,527 39,363,590 40,276,070 40,562,041
TOTAL PRIMARY GOVERNMENT CHANGE
         IN NET ASSETS		 $29,155,121     20,861,613     13,984,694     24,331,084   105,646,496    93,155,912  128,675,461    69,786,455
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NOTES:
(1) This table was prepared using the accrual basis of accounting.  Collection of this information began in FY2002 with the implementation of GASB 34.
    Information will continue to be collected until there are ten years of history.