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Exhibit 1
<br />City of Eugene, Oregon
<br />Statement of Net Assets
<br />June 30, 2008
<br />(amounts in dollars)
<br />GovernmentalBusiness-type
<br />ActivitiesActivitiesTotal
<br />Assets
<br />Current assets
<br />Equity in pooled cash and investments156,264,84027,769,093184,033,933
<br />Receivables (net of allowance)22,335,0674,622,90726,957,974
<br />Internal balances(7,226,584)7,226,5840
<br />Due from other governments5,318,0141,179,8616,497,875
<br />Inventories1,208,428711,0101,919,438
<br />Prepaids and deposits1,047,99121,3591,069,350
<br />Assets held for resale2,407,96702,407,967
<br />Total current assets181,355,72341,530,814222,886,537
<br />Noncurrent assets
<br />Loans and notes receivable0411,106411,106
<br />Deferred charges1,319,17517,7071,336,882
<br />Pension assets62,588,051062,588,051
<br />Capital assets:
<br /> Land and construction in progress79,047,58427,987,529107,035,113
<br /> Other capital assets (net of accumulated depreciation)309,436,678206,997,189516,433,867
<br />Total noncurrent assets452,391,488235,413,531687,805,019
<br />Total assets633,747,211276,944,345910,691,556
<br />Liabilities
<br />Current liabilities
<br />Accounts payable2,942,4561,462,5294,404,985
<br />Wages payable6,706,7711,347,5178,054,288
<br />Compensated absences payable7,400,0691,520,4758,920,544
<br />Due to other governments1,211,909212,5131,424,422
<br />Claims payable9,450,51409,450,514
<br />Deposits1,318,261765,1512,083,412
<br />Notes and contracts payable339,5200339,520
<br />Interest payable469,102160,498629,600
<br />Unearned revenue3,337,4071,072,8864,410,293
<br />Certificates of participation payable2,525,00002,525,000
<br />Bonds payable3,382,238325,0003,707,238
<br />Total current liabilities39,083,2476,866,56945,949,816
<br />Noncurrent liabilities
<br />Compensated absences payable824,180134,568958,748
<br />Rebatable arbitrage291,9020291,902
<br />Notes and contracts payable174,3180174,318
<br />General obligation bond and revolving credit facility4,980,00004,980,000
<br />Certificates of participation payable4,840,00004,840,000
<br />Bonds payable (net of unamortized discount/premium)96,788,3405,164,006101,952,346
<br />Net OPEB obligation3,486,565606,4484,093,013
<br />Total noncurrent liabilities111,385,3055,905,022117,290,327
<br />Total liabilities150,468,55212,771,591163,240,143
<br />Net assets
<br />Invested in capital assets (net of related debt)337,614,504229,495,712567,110,216
<br />Restricted for:
<br /> Capital projects18,685,9197,819,50826,505,427
<br /> Debt service1,479,4581,536,3863,015,844
<br /> Community development12,345,467012,345,467
<br /> Urban renewal14,159,758014,159,758
<br /> Other purposes6,387,33406,387,334
<br />Unrestricted92,606,21925,321,148117,927,367
<br />Total net assets483,278,659264,172,754747,451,413
<br />The accompanying notes are an integral part of the financial statements.
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