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City of Eugene, Oregon
<br />Exhibit 1
<br />Statement of Net Assets
<br />June 30, 2007
<br />(amounts in dollars)
<br />GovernmentalBusiness-type
<br />ActivitiesActivitiesTotal
<br />Assets
<br />Current assets
<br />Equity in pooled cash and investments159,012,26925,349,714184,361,983
<br />Receivables (net of allowance)21,464,2434,731,12526,195,368
<br />Internal balances(6,424,340)6,424,3400
<br />Due from other governments4,660,8991,647,3836,308,282
<br />Inventories1,129,341872,9392,002,280
<br />Prepaids and deposits4,456,8031,107,3155,564,118
<br />Assets held for resale2,407,96702,407,967
<br />Total current assets186,707,18240,132,816226,839,998
<br />Noncurrent assets
<br />Loans and notes receivable0471,303471,303
<br />Deferred charges1,491,60924,8361,516,445
<br />Pension assets63,854,428063,854,428
<br />Capital assets:
<br /> Land and construction in progress69,699,78721,380,74091,080,527
<br /> Other capital assets (net of accumulated depreciation)298,460,696209,333,658507,794,354
<br />Total noncurrent assets433,506,520231,210,537664,717,057
<br />Total assets620,213,702271,343,353891,557,055
<br />Liabilities
<br />Current liabilities
<br />Accounts payable2,641,920579,2053,221,125
<br />Wages payable6,162,9841,228,5987,391,582
<br />Compensated absences payable7,013,1691,472,3058,485,474
<br />Due to other governments1,000,933174,9031,175,836
<br />Claims payable9,878,13409,878,134
<br />Deposits1,177,810715,2441,893,054
<br />Notes and contracts payable327,7160327,716
<br />General obligation bond and revolving credit facility1,425,00001,425,000
<br />Interest payable509,140183,074692,214
<br />Unearned revenue3,039,583173,0573,212,640
<br />Assessment deferral loans5020502
<br />Certificates of participation payable2,420,00002,420,000
<br />Bonds payable3,237,1881,290,0004,527,188
<br />Total current liabilities38,834,0795,816,38644,650,465
<br />Noncurrent liabilities
<br />Compensated absences payable883,41880,251963,669
<br />Assessment deferral loans11,945011,945
<br />Rebatable arbitrage291,9020291,902
<br />Notes and contracts payable513,8380513,838
<br />Certificates of participation payable7,365,00007,365,000
<br />Bonds payable (net of unamortized discount/premium)99,494,4095,485,982104,980,391
<br />Net OPEB obligation2,162,123300,3742,462,497
<br />Total noncurrent liabilities110,722,6355,866,607116,589,242
<br />Total liabilities149,556,71411,682,993161,239,707
<br />Net assets
<br />Invested in capital assets (net of related debt)317,131,090223,938,416541,069,506
<br />Restricted for:
<br /> Capital projects24,818,1634,919,04129,737,204
<br /> Debt service1,698,1341,661,8263,359,960
<br /> Community development11,072,272011,072,272
<br /> Urban renewal13,044,734013,044,734
<br /> Other purposes9,721,61909,721,619
<br />Unrestricted93,170,97629,141,077122,312,053
<br />Total net assets470,656,988259,660,360730,317,348
<br />The accompanying notes are an integral part of the financial statements.
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