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8 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 F Y 2 0 2 5 Q 4 G E N E R A L F U N D E X P E N D I T U R E S FY 2025 ADJ BUDGET FY 2025 YTD ACTUAL % OF BUDGET FY 2024 YTD ACTUAL CHANGE FROM PRIOR YEAR ($) CHANGE FROM PRIOR YEAR (%) General Government $ 64.8 $ 53.6 83% $ 62.2 $ (8.6) -14% Public Safety 79.6 74.9 94% 77.4 (2.5) -3% Operations (PW & PRCR) 70.4 64.0 91% 64.2 (0.2) 0% Development & Infrastructure 17.3 15.0 87% 17.9 (2.9) -16% O P E R AT I N G E X P E N D I T U R E S 2 3 2 .1 2 07. 5 8 9 % 2 21. 7 ( 14 . 2 ) - 6 % Nonoperating 58.8 55.7 95% 32.5 23.2 71% T O TA L G E N E R A L F U N D E X P E N D I T U R E S $ 2 9 0 .9 $ 2 6 3 . 2 9 0 % $ 2 5 4 . 2 $ 9. 0 4 % As of the fourth quarter, total expenditures increased slightly by 4% compared with the same period in FY 2024. This modest change reflects a 6% decrease in General Fund operating expenditures, offset by a 71% increase in nonoperating expenditures. The decline in operating costs demonstrates Cary's continued discipline in managing budgets and responding to current financial pressures. The increase in nonoperating expenditures is largely due to the timing of internal reimbursements to the General Fund for direct and indirect support of other operations. These transactions will be completed during the year-end closeout process and reflected in the ACFR. Encumbrances, which represent funds committed for future purchases, totaled $5.5 million at the close of Q4. Consistent with its broader financial strategy, Cary remains focused on capital preservation, strategic investment in existing assets, and careful stewardship of fund balance. Transitioning into FY 2026, staff will continue to monitor operating expenditures and capital project execution closely. This approach ensures that Cary's financial decisions remain responsive to present-day challenges while supporting long-term fiscal sustainability.

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