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Urban Renewal Agency of the City of Eugene, OregonExhibit 5 <br />Reconciliation of the Statement of Revenues, Expenditures, and Changes <br /> in Fund Balances of Governmental Funds to the Statement of Activities <br />For the fiscal year ended June 30, 2007 <br />(amounts in dollars) <br />Net change in fund balances - total governmental funds1,238,757 <br />Amounts reported for governmental activities in the Statement of Activities are <br /> different because: <br />Donations of capital assets are reported as capital contributions in the Statement of Activities, but <br /> do not appear in the governmental funds because they are not financial resources. 137,966 <br />Capital outlays are reported as expenditures in governmental funds. However, the Statement of <br /> Activities allocates the cost of capital outlays over their estimated useful lives as depreciation <br /> expense.(87,604) <br />Governmental funds defer revenues that do not provide current financial resources. However, the <br /> Statement of Activities recognizes such revenues at their net realizable value when earned, <br /> regardless of when received.164,757 <br />Change in net assets of governmental activities.1,453,876 <br />The accompanying notes are an integral part of the financial statements. <br />ïé <br />