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<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 $849.0 million at the close of the fiscal
<br />year ending June 30, 2019, an increase of $43.0 million. The following table summarizes the City’s net position.
<br />
<br />2019 2018 2019 2018 2019 2018
<br />Capital assets $ 490,802,488 467,044,926 256,571,551 257,404,328 747,374,039 724,449,254
<br />Other assets 358,732,086 289,485,956 47,632,024 45,008,339 406,364,110 334,494,295
<br />Total assets 849,534,574 756,530,882 304,203,575 302,412,667 1,153,738,149 1,058,943,549
<br />Deferred outflows 62,363,391 55,427,463 14,700,107 12,990,210 77,063,498 68,417,673
<br />Total deferred outflows 62,363,391 55,427,463 14,700,107 12,990,210 77,063,498 68,417,673
<br />
<br />Noncurrent liabilities 256,208,679 216,473,534 50,834,872 47,442,364 307,043,551 263,915,898
<br />Other liabilities 52,817,508 48,339,622 8,063,957 6,858,024 60,881,465 55,197,646
<br />Total liabilities 309,026,187 264,813,156 58,898,829 54,300,388 367,925,016 319,113,544
<br />Deferred inflows 11,127,569 1,831,684 2,734,252 431,451 13,861,821 2,263,135
<br />Total deferred inflows 11,127,569 1,831,684 2,734,252 431,451 13,861,821 2,263,135
<br />Net position:
<br /> Net investment in
<br /> capital assets 422,441,689 452,067,031 256,571,551 257,404,328 679,013,240 709,471,359
<br /> Restricted 192,379,081 103,745,724 9,140,965 8,057,352 201,520,046 111,803,076
<br /> Unrestricted (23,076,561) (10,499,250) (8,441,915) (4,790,642) (31,518,476) (15,289,892)
<br /> Total net position $ 591,744,209 545,313,505 257,270,601 260,671,038 849,014,810 805,984,543
<br />
<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, $679.0 million, is its net investment in capital assets. The City’s investment in
<br />capital assets is reported net of related debt. Capital assets do not represent readily available resources to be used for
<br />ongoing 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 $201.5 million which represents resources that are subject to external restrictions as to how they may be
<br />used. Restricted net position increased $89.7 million in the fiscal year ending June 30, 2019, with an increase of $77.8 million
<br />in the capital project category. The City’s unrestricted portion of net position is a negative $31.5 million.
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<br />December 9, 2019, Meeting - Item 2CCC Agenda - Page 59
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