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CITY OF EUGENE, OREGON
<br />
<br />Notes to Basic Financial Statements
<br />
<br />continued
<br />(4) Detailed Notes on All Funds, continued
<br />
<br /> (F) Unavailable/Unearned Revenue
<br />
<br />Unavailable revenues are reported as a deferred inflow of resources in the governmental funds Balance Sheet.
<br />Unavailable revenues are reported in connection with receivables for revenues that are not considered to be available
<br />to liquidate liabilities of the current period.
<br />
<br />Unearned revenues are reported as a liability in the proprietary funds Statement of Net Position and governmental
<br />funds Balance Sheet. Unearned revenues are reported in connection with resources that have been received but not
<br />yet earned. The various components of unavailable/unearned revenue at June 30, 2018 consist of the following:
<br />
<br />Fund by type Unavailable Unearned Total
<br />Property taxes receivable:
<br /> General $ 5,900,965 0 5,900,965
<br /> Other governmental funds 1,135,048 0 1,135,048
<br />Assessments receivable:
<br /> Other governmental funds 277,299 0 277,299
<br />Systems development charges receivable:
<br /> Systems Development Capital 1,521,147 0 1,521,147
<br />Notes receivable:
<br /> Community Development 15,198,461 0 15,198,461
<br /> Other governmental funds 1,968,358 0 1,968,358
<br />Other:
<br /> General 1,435,942 3,752,936 5,188,878
<br /> Community Development 0 416,478 416,478
<br /> Ambulance Transport 0 6,981 6,981
<br /> Municipal Airport 0 105,170 105,170
<br /> Parking Services 0 75,097 75,097
<br /> Stormwater Utility 0 46,065 46,065
<br /> Internal service funds 0 337,189 337,189
<br /> Other governmental funds 1,807 77,196 79,003
<br />Total unavailable/unearned revenue $ 27,439,027 4,817,112 32,256,139
<br /> (G) Operating Leases
<br />
<br />The City conducts some of its operations from leased facilities located throughout the City. All such leases for
<br />facilities are classified as operating leases and expire within the next six years. The total rental expense for the year
<br />ended June 30, 2018 for operating leases was $1,061,419. Most of these leases for facilities contain an option
<br />whereby the City can, after the initial lease term, renew its lease for periods of one to ten years.
<br />
<br />The following is a schedule of future minimum rental payments required under operating leases that have initial or
<br />remaining non-cancelable lease terms in excess of one year as of June 30, 2018:
<br />
<br />Fiscal year
<br />ending June 30 Rentals
<br />2019 $ 1,129,790
<br />2020 860,051
<br />2021 852,092
<br />2022 519,246
<br />2023 20,067
<br />Total minimum future rentals $ 3,381,246
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<br />December 10, 2018, Meeting - Item 2D
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