| TOWN OF CARY, NORTH CAROLINA |
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| STATEMENT OF NET ASSETS |
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| June 30,
2009 |
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| EXHIBIT
A |
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Business |
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Total |
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Governmental |
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Type |
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Primary |
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Activities |
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Activities |
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Government |
| ASSETS |
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| Equity
in Pooled Cash and Investments |
$183,766,120 |
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178,624,104 |
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362,390,224 |
| Accrued
Interest on Investments |
1,523,961 |
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1,414,697 |
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2,938,658 |
| Ad
Valorem Taxes Receivable, net |
440,668 |
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--- |
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440,668 |
| Accounts
Receivable, net |
19,885,363 |
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7,892,636 |
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27,777,999 |
| Inventories |
1,044,893 |
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--- |
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1,044,893 |
| Other
Assets |
637,992 |
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--- |
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637,992 |
| Unspent Debt Proceeds |
--- |
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--- |
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--- |
| Unspent Restricted Grants |
--- |
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--- |
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--- |
| Water and Sewer Customer
Deposits |
--- |
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--- |
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--- |
| Equity
in Pooled Cash and Investments - Restricted |
26,514,801 |
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17,462,827 |
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43,977,628 |
| Deferred
Bond Expenses |
895,754 |
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1,327,354 |
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2,223,108 |
| Long-term Notes Receivable |
--- |
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--- |
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--- |
| Assessments Receivable |
--- |
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--- |
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--- |
| Capital
Assets: |
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| Land,
Land Improvements and Construction in Progress |
199,977,179 |
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69,257,837 |
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269,235,016 |
| Other
Capital Assets, Net of Accumulated Depreciation |
538,472,527 |
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373,681,708 |
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912,154,235 |
| Asset (GA, BTA and CU) |
--- |
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--- |
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--- |
| Asset (GA, BTA and CU) |
--- |
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--- |
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--- |
| TOTAL
ASSETS |
973,159,258 |
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649,661,163 |
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1,622,820,421 |
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| LIABILITIES |
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| Accounts
Payable and Accrued Liabilities |
14,255,562 |
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2,221,320 |
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16,476,882 |
| Internal
Balances |
465,700 |
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(465,700) |
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--- |
| Accrued
Bond Interest |
407,381 |
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673,713 |
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1,081,094 |
| Retainage
Payable |
2,035,658 |
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412,212 |
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2,447,870 |
| Unearned
Revenues |
3,900,991 |
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1,887,170 |
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5,788,161 |
| Deposits |
1,975,093 |
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1,269,742 |
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3,244,835 |
| Deferred
Bond Premium |
4,028,025 |
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5,136,551 |
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9,164,576 |
| Developer Fee Credits |
--- |
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--- |
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--- |
| Miscellaneous |
--- |
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860,620 |
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860,620 |
| Long-term
Liabilities: |
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| Portion
Due or Payable Within One Year |
15,908,155 |
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8,834,976 |
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24,743,131 |
| Portion
Due or Payable After One Year |
178,292,374 |
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134,957,453 |
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313,249,827 |
| Liability (GA, BTA and CU) |
--- |
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--- |
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--- |
| Liability (GA, BTA and CU) |
--- |
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--- |
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--- |
| TOTAL
LIABILITIES |
221,268,939 |
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155,788,057 |
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377,056,996 |
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| NET
ASSETS |
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| Invested
in Capital Assets, Net of Related Debt |
663,739,779 |
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320,770,375 |
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984,510,154 |
| Restricted
for Deposits |
6,731,626 |
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1,269,742 |
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8,001,368 |
| Restricted
for Grant and Special Funding Purposes |
18,048,080 |
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--- |
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18,048,080 |
| Unrestricted |
63,370,834 |
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171,832,989 |
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235,203,823 |
| TOTAL
NET ASSETS |
$751,890,319 |
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493,873,106 |
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1,245,763,425 |
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| The
accompanying notes are an integral part of these basic financial statements. |
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