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12 Q4 F I N A N C I A L H I G H L I G H T S FY 2025 C A RY, N O RT H C A R O L I N A F Y 2 0 25 4 T H Q U A R T E R R E P O R T C AS H , I N V E S T M E N T S , A N D D E BT C AS H A N D I N V E S T M E N T S As of the end of Q4, Cary's total cash and investments stood at approximately $425 million, including $8.6 million in bond proceeds. To ensure immediate access to funds, Cary maintains several daily liquidity accounts with its banking partners. Bond proceeds are also held in daily liquidity accounts to support large, bond-funded capital expenditures. The remainder of Cary's investment portfolio is composed of fixed-income securities structured to prioritize preservation of principal, liquidity to meet unforeseen needs, and maximizing interest earnings. These investments are staggered to mature at regular intervals over the next three to four years, aligning with projected payroll and expenditure schedules. Cary's cash and investment program is supported by an independent, fixed-fee financial consultant. This advisor provides weekly cash flow forecasts, quarterly performance reporting, and ongoing market guidance to ensure Cary's investment strategy remains aligned with its financial objectives. D E BT On June 17, 2025, Cary closed on installment financing in the amount of $2.6 million for the recent purchase of vehicles. Cary has a history of using installment financing for vehicle acquisitions, with similar issuances completed in 2018, 2020, and 2024. Installment financing is authorized under North Carolina General Statute 160A-20 and does not require voter approval, as the Town's taxing authority is not pledged as collateral. Instead, the vehicles purchased, seven in total for Public Works (specifically for facilities management and solid waste management), serve as the collateral for the debt. Installment financing remains a valuable tool in Cary's long-term financial strategy. Funding for future vehicle purchases through this method has been incorporated into the FY 2026 budget.

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