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URBAN RENEWAL AGENCY OF THE CITY OF EUGENE, OREGON
<br />Notes to Basic Financial Statements
<br />(4) Detailed Notes on All Funds, continued
<br /> (B) 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, and resources that have been
<br />received but not yet earned. At June 30, 2007, the deferred revenue reported in the Balance Sheet for
<br />governmental funds consist of the following:
<br />Total
<br />Property taxes receivable:
<br /> Debt Service$190,075
<br /> Riverfront Special Revenue29,367
<br />Notes receivable:
<br /> General270,730
<br />Other:
<br /> Debt Service41,908
<br /> Riverfront Special Revenue9,600
<br />Total deferred revenue$541,680
<br />(C) Capital Assets
<br />Capital assets activity for the year ended June 30, 2007 was as follows:
<br />BeginningEnding
<br />balanceIncreasesDecreasesbalance
<br />Governmental activities:
<br />Capital assets, not being depreciated
<br />Land$1,908,026001,908,026
<br />Construction in progress881,474416,818(289,996)1,008,296
<br />Total capital assets, not being depreciated2,789,500416,818(289,996)2,916,322
<br />Capital assets, being depreciated
<br />Improvements other than buildings3,280,179151,00003,431,179
<br />Infrastructure2,051,139002,051,139
<br />Total capital assets being depreciated5,331,318151,00005,482,318
<br />Less accumulated depreciation for:
<br />Improvements other than buildings(1,608,803)(145,412)0(1,754,215)
<br />Infrastructure(1,000,784)(82,046)0(1,082,830)
<br />Total accumulated depreciation(2,609,587)(227,458)0(2,837,045)
<br />Total capital assets, being depreciated, net2,721,731(76,458)02,645,273
<br />Governmental activities capital assets, net$5,511,231340,360(289,996)5,561,595
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