Resolution No. 5146 - Laserfiche WebLink

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Exhibit 5 City of Eugene, Oregon Reconciliation of the Statement of Revenues, Exenditures, and Chanes pg in Fund Balances of Governmental Funds to the Statement of Activities For the fiscal year ended June 30, 2015 (amounts in dollars) Net change in fund balances - total governmental funds4,918,684 Amounts reported for governmental activities in the statement of activities are different because: Governmental funds defer revenues that do not provide current financial resources. However, the Statement of Activities recognizes such revenues at their net realizable value when earned, regardless of when received.(758,083) Donations of capital assets are reported as capital contributions in the Statement of Activities, but do not appear in the governmental funds because they are not financial resources. In addition, the Statement of Activities reports gains and losses arising from the disposal of existing capital assets, while governmental funds do not.(8,939,125) Governmental funds do not report expenditures for unpaid compensated absences, net pension asset (liability), interest expense, or arbitrage since they do not require the use of current financial resources. However, the Statement of Activities reports such expenses when incurred, regardless of when settlement ultimately occurs.29,669,904 Capital outlay is reported as expenditures in governmental funds. However, the Statement of Activities allocates the cost of capital outlays over their estimated useful lives as depreciation expense.6,799,010 Proceeds from the issuance of long-term debt provide current financial resources to governmental funds and are reported as revenues. In the same way, repayments of long-term debt use current financial resources and are reported as expenditures in governmental funds. However, neither the receipt of debt proceeds nor the payment of debt principal affect the Statement of Activities, but are reported as increases and decreases in noncurrent liabilities in the Statement of Net Position.7,739,018 Transfers of capital assets are often made between proprietary funds and governmental funds when the use of an asset changes. Transfers of liabilities are sometimes made between proprietary funds and governmental funds when the fund responsible for repayment changes. Such transfers will provide or use economic resources in proprietary funds, but may not necessarily provide or use spendable financial resources in governmental funds.(648,369) Internal service funds are used by management to charge the costs of certain activities, such as insurance, facilities, and fleet services to individual funds. The net revenue (expense) of internal service funds is reported with governmental activities.(1,581,562) Internal service fund elimination prior period adjustment (Note 5J)8,443,649 Change in net position of governmental activities45,643,126 The accompanying notes are an integral part of the financial statements. 31