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CITY OF EUGENE, OREGON
<br />Notes to Basic Financial Statements
<br />(4) Detailed Notes on All Funds, continued
<br /> (F) Deferred Revenue
<br />Governmental funds report deferred revenue in connection with receivables for revenues that are not
<br />considered to be available to liquidate liabilities of the current period. In addition, governmental funds and
<br />proprietary funds report deferred revenue in connection with resources that have been received but not yet
<br />earned. The various components of deferred revenue consist of the following:
<br />Fund by type Unavailable Unearned Total
<br />Property taxes receivable:
<br /> General $4,037,71504,037,715
<br /> Other governmental funds1,071,17201,071,172
<br />Assessments receivable:
<br /> Other governmental funds1,253,27501,253,275
<br />Systems development charges receivable:
<br /> Systems Development Capital Projects800,3000800,300
<br />Notes receivable:
<br /> Community Development Special Revenue9,941,23809,941,238
<br /> General Capital Projects55,698055,698
<br /> Systems Development Capital Projects9,10809,108
<br /> Other governmental funds270,7300270,730
<br />Other:
<br /> General796,2951,720,2612,516,556
<br /> Road Capital Projects011,82811,828
<br /> Ambulance Transport023,45623,456
<br /> Municipal Airport054,61954,619
<br /> Parking Services07,5277,527
<br /> Stormwater Utility087,45587,455
<br /> Internal service funds083,84083,840
<br /> Other governmental funds1,8071,223,6541,225,461
<br />Total deferred revenue$18,237,3383,212,64021,449,978
<br /> (G) Operating Leases
<br />The City conducts some of its operations from leased facilities located both inside and outside the central
<br />business district. All such leases for facilities are classified as operating leases and expire within the next five
<br />years. The total rental expense for the year ended June 30, 2007, for operating leases was $431,302. Most of
<br />these leases for facilities contain an option whereby the City can, after the initial lease term, renew its lease for
<br />periods of one to ten years. These options enable the City to retain use of facilities in desirable operating
<br />areas.
<br />The following is a schedule of future minimum rental payments required under operating leases that have initial
<br />or remaining non-cancelable lease terms in excess of one year as of June 30, 2007:
<br />continued
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