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Item 5: URA - Resolution Acknowledging Receipt of FY07 Financial Report
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Item 5: URA - Resolution Acknowledging Receipt of FY07 Financial Report
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6/9/2010 12:53:46 PM
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1/17/2008 10:35:32 AM
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City Council
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Agenda Item Summary
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1/14/2008
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Urban Renewal Agency's Capital Assets, <br />Net of Accumulated Depreciation <br />20072006 <br />Land$1,908,0261,908,026 <br />Construction in progress1,008,296881,474 <br />Improvements other than buildings1,676,9641,671,376 <br />Infrastructure968,3091,050,355 <br /> Total capital assets$ <br />5,561,5955,511,231 <br />Additional information on the Agency’s capital assets can be found in note (4)(C) of this report. <br />Next Year’s Budgets and Rates <br />For FY08, the following factors were taken into account when developing the urban renewal budgets: <br />Property taxes are predicted to increase slightly in FY08 due to small increases in assessed value within <br />the districts. <br /> The property tax collection rate is estimated to be 96% in FY08. The FY07 actual was approximately <br />97% for both current and delinquent taxes. <br />There are no new projects planned for FY08. <br />Requests for Information <br />This financial report is designed to provide a general overview of the Agency’s finances for all those with an <br />interest in the Agency. Questions concerning any of the information provided in this report, or requests for <br />additional financial information, should be addressed to: <br />Fionan Cronin, CPA <br />Financial Reporting Manager <br />City of Eugene <br />th <br />100 West 10 Avenue, Suite 400 <br />Eugene, Oregon 97401 <br />ç <br />
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