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City of Eugene, Oregon Exhibit 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, 2018 <br />(amounts in dollars) <br />Net change in fund balances - total governmental funds 12,870,377 <br />Amounts reported for governmental activities in the statement of activities are different because: <br />Governmental funds defer revenues that do not provide current financial resources. However, the Statement <br /> of Activities recognizes such revenues at their net realizable value when earned, regardless of when <br /> received.(5,534,290) <br />Donations of capital assets are reported as capital contributions in the Statement of Activities, but do not <br /> appear in the governmental funds because they are not financial resources. In addition, the Statement of <br /> Activities reports gains and losses arising from the disposal of existing capital assets, while governmental <br /> funds do not.4,371,409 <br />Governmental funds do not report expenditures for unpaid compensated absences, net pension and OPEB <br /> liabilities, interest expense, or arbitrage since they do not require the use of current financial resources. <br /> However, the Statement of Activities reports such expenses when incurred, regardless of when settlement <br /> ultimately occurs.(11,410,305) <br />Capital outlay is reported as expenditures in governmental funds. However, the Statement of Activities <br /> allocates the cost of capital outlays over their estimated useful lives as depreciation expense. (822,952) <br />Proceeds from the issuance of long-term debt provide current financial resources to governmental funds and <br /> are reported as other financing sources. In the same way, repayments of long-term debt use current <br /> financial resources and are reported as expenditures in governmental funds. However, neither the receipt <br /> of debt proceeds nor the payment of debt principal affect the Statement of Activities, but are reported as <br /> increases and decreases in noncurrent liabilities in the Statement of Net Position.3,990,127 <br />Transfers of capital assets are often made between proprietary funds and governmental funds when the use <br /> of an asset changes. Transfers of liabilities are sometimes made between proprietary funds and <br /> governmental funds when the fund responsible for repayment changes. Such transfers will provide or use <br /> economic resources in proprietary funds, but may not necessarily provide or use spendable financial <br /> resources in governmental funds.(276,393) <br />Internal service funds are used by management to charge the costs of certain activities, such as insurance, <br /> facilities, and fleet services to individual funds. The net revenue (expense) of internal service funds is <br /> reported with governmental activities.2,267,181 <br />Change in net position of governmental activities 5,455,154 <br />The accompanying notes are an integral part of the financial statements. <br />31 <br />December 10, 2018, Meeting - Item 2D