TOWN OF CARY REVENUE SOURCES
ALL FUNDS
Other Funding Sources
3.0%
Utility Capital Sources
8.7%
Property Taxes
29.3%
General Capital Sources
9.4%
Debt Proceeds
2.1%
Other Taxes/Licenses
10.8%
Utility Fund
25.7%
Investment/
Miscellaneous
1.9%
User Fees/Permits
6.4%
Revenue Source
Property Taxes
Other Taxes/Licenses
Intergovernmental
User Fees/Permits
Investment/Miscellaneous
Utility Fund
Debt Proceeds
General Capital Sources
Utility Capital Sources
Other Funding Sources
TOTAL REVENUE SOURCES
Amount
$69,985,848
$25,840,068
$7,060,155
$15,283,436
$4,143,681
$61,462,649
$4,941,850
$22,516,489
$20,892,254
$6,653,015
$238,779,445
GF Net Fund Balance/Capital Contribution
UF Net Fund Balance/Capital Contribution
NET REVENUES APPROPRIATED
($532,877)
($5,831,640)
$232,414,928
Intergovernmental
3.0%
Property taxes make up 29.3% of all Town revenues.
Additional General Fund revenues, such as user fees,
sales taxes, intergovernmental revenues, and others
make up 24.7% of all revenues. Water and sewer
related fees in the Utility Fund comprise 25.7% of
Town revenues.
Debt proceeds total 2.1% of Town revenues while the
remaining capital sources represent 18.2% of
revenues and include Powell Bill funds, interest
earnings, vehicle license fees, and utility franchise
fees.
TOWN OF CARY EXPENDITURES BY FUNCTION
ALL FUNDS
General Government
12.6%
Cultural /
Recreational
5.9%
Public Safety
17.7%
General Capital
Budget
9.7%
Utility Capital Budget
11.1%
Public Works
11.1%
Other Operating
Funds
2.9%
Utility Fund
23 9%
23.9%
Expenditures by Function
General Government
Cultural / Recreational
Public Safety
Public Works
Other (General Fund)
Utility Fund
Other Operating Funds
Utility Capital Budget
General Capital Budget
TOTAL
Amount
$29,368,924
$13,803,873
$41,185,208
$25,751,551
$11,670,755
$55,631,009
$6,653,015
$25,834,104
$22,516,489
$232,414,928
Other (General Fund)
5.0%
The General Fund makes up 52.4% of all Town
expenditures. This includes 12.6% for General
Government functions, 17.7% for Public Safety, and
17.0% for Public Works and Cultural / Recreational.
The Utility Fund accounts for 23.9% of all Town
expenditures, while spending on Capital
Improvement Projects makes up 20.8%.
NOTE: These figures are net expenditures and transfers between funds are only counted as expenditures in
one of the funds.
ALL FUNDS CONSOLIDATED BUDGET SUMMARY
OPERATING AND CAPITAL EXPENDITURES
General Fund
52.4%
Utility CIB
11.1%
Utility Fund
23.9%
General CIB
9.7%
Fleet Management
Fund
0.1%
Health and Dental
Fund
1.3%
911 Fund
0.2%
Fund
G
lF
d
General
Fund
Utility Fund
Fleet Management Fund
CDBG Fund
Transit Fund
911 Fund
Health and Dental Fund
General CIB
Utility CIB
Total
Transit Fund
1.1%
CDBG Fund
0.2%
Amount
$121 780 311
$121,780,311
$55,631,009
$255,778
$448,650
$2,482,887
$423,781
$3,041,919
$22,516,489
$25,834,104
$232,414,928
NOTE: These figures are net expenditures and transfers between funds are only counted as
expenditures in one of the funds.
General Fund expenditures include debt service
related to general capital projects, such as streets
and parks. The components of debt service are
broken down as indicated below:
Utility Fund expenditures include debt service
related to utility capital projects, such as water
plant expansions and sewer projects. The
components of debt service are broken down
as follows:
General Fund Debt Service
Debt Principal
Debt Interest
TOTAL
Utility Debt Service
Debt Principal
Debt Interest
TOTAL
$9,570,193
$3,439,074
$13,009,267
$7,337,954
$6,533,174
$13,871,128