|
<br />The City adopts an annual appropriated budget for all proprietary funds. To demonstrate compliance with the budget,
<br />budgetary comparison statements have been provided for the enterprise funds as other supplementary information at F-1
<br />through F-5. Budgetary comparisons for the internal service funds are provided as other supplementary information at G-4
<br />through G-8. The proprietary fund financial statements can be found at Exhibits 6, 7, and 8 in the basic financial statements.
<br />
<br />Notes to the basic financial statements. The notes provide additional information that is essential for a full understanding of
<br />the data provided in the government-wide and fund financial statements. They are an integral part of the financial statements
<br />and should be read in conjunction with them.
<br />
<br />Required supplementary information. In addition to the basic financial statements and accompanying notes, this report also
<br />presents certain required supplementary information concerning budgetary comparisons for the General Fund and Community
<br />Development Fund, information about the City’s progress in funding its obligation to provide pension and other post-
<br />employment benefits to its employees, and the budget to GAAP reconciliation schedule.
<br />
<br />Other supplementary information. The combining statements and schedules referred to earlier and the schedule of bonded
<br />debt transactions follow the required supplementary information in this report.
<br />
<br />Government-wide Financial Analysis
<br />Net position may serve over time as a useful indicator of a government’s financial health. In the case of the City, assets and
<br />deferred outflows of resources exceeded liabilities and deferred inflows of resources by $806.0 million at the close of the fiscal
<br />year ending June 30, 2018, a decrease of $5.4 million. The following table summarizing the City’s net position has not been
<br />restated for the implementation of GASB 75.
<br />
<br />2018 2017 2018 2017 2018 2017
<br />Capital assets $ 467,044,926 457,483,763 257,404,328 257,080,370 724,449,254 714,564,133
<br />Other assets 289,485,956 282,796,024 45,008,339 38,300,927 334,494,295 321,096,951
<br />Total assets 756,530,882 740,279,787 302,412,667 295,381,297 1,058,943,549 1,035,661,084
<br />Deferred outflows 55,427,463 86,526,540 12,990,210 20,655,895 68,417,673 107,182,435
<br />Total deferred outflows 55,427,463 86,526,540 12,990,210 20,655,895 68,417,673 107,182,435
<br />
<br />Noncurrent liabilities 216,473,534 225,795,812 47,442,364 48,409,568 263,915,898 274,205,380
<br />Other liabilities 48,339,622 47,051,762 6,858,024 7,157,022 55,197,646 54,208,784
<br />Total liabilities 264,813,156 272,847,574 54,300,388 55,566,590 319,113,544 328,414,164
<br />Deferred inflows 1,831,684 2,415,059 431,451 576,532 2,263,135 2,991,591
<br />Total deferred inflows 1,831,684 2,415,059 431,451 576,532 2,263,135 2,991,591
<br />Net position:
<br /> Net investment in
<br /> capital assets 452,067,031 440,261,060 257,404,328 257,080,368 709,471,359 697,341,428
<br /> Restricted 103,745,724 91,711,699 8,057,352 4,936,194 111,803,076 96,647,893
<br /> Unrestricted (10,499,250) 19,570,935 (4,790,642) (2,122,492) (15,289,892) 17,448,443
<br /> Total net position $ 545,313,505 551,543,694 260,671,038 259,894,070 805,984,543 811,437,764
<br />City of Eugene's Net Position
<br />TotalGovernmental Activities Business-type Activities
<br />
<br />
<br />The largest portion of the City’s net position, $709.5 million, is its investment in capital assets. The City’s investment in capital
<br />assets is reported net of related debt. Capital assets do not represent readily available resources to be used for ongoing
<br />operations or to liquidate existing liabilities.
<br />
<br />The remaining portion of the City’s net position consists of restricted and unrestricted resources. The restricted portion of the
<br />City’s net position is $111.8 million which represents resources that are subject to external restrictions as to how they may be
<br />used. This category increased $15.2 million in the fiscal year ending June 30, 2018. The City’s unrestricted portion of net
<br />position is a negative $15.3 million.
<br />
<br />19
<br />December 10, 2018, Meeting - Item 2D
|