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Exhibit 3
<br />City of Eugene, Oregon
<br />Balance Sheet
<br />Governmental Funds
<br />June 30, 2008
<br />(amounts in dollars)
<br />Systems
<br />GeneralDevelopmentOtherTotal
<br />CommunityCapitalCapitalGovernmentalGovernmental
<br />GeneralDevelopmentProjectsProjectsFundsFunds
<br />Assets
<br />Equity in pooled cash and investments33,643,8071,830,9476,744,06210,502,15535,975,52888,696,499
<br />Receivables:
<br /> Interest825,75349,83300136,3041,011,890
<br /> Taxes4,057,082000679,6494,736,731
<br /> Accounts2,682,15124,03198805,486729,3334,241,099
<br /> Assessments00001,093,0231,093,023
<br /> Loans and notes010,822,26548,45913,551554,77611,439,051
<br /> Allowance for uncollectibles(687)000(449)(1,136)
<br />Due from other governments3,123,595237,910021,7571,838,1965,221,458
<br />Inventories0000904,922904,922
<br />Prepaids and deposits441,01100058,247499,258
<br />Assets held for resale00002,407,9672,407,967
<br />Total assets44,772,71212,964,9866,792,61911,342,94944,377,496120,250,762
<br />Liabilities and fund balances
<br />Liabilities
<br />Accounts payable588,59472,155180,4033,9501,673,3332,518,435
<br />Wages payable5,113,66033,968018,643740,2955,906,566
<br />Due to other governments619,50432,59533,408127,000371,3141,183,821
<br />Deposits512,493000680,8381,193,331
<br />Deferred revenue7,491,83610,792,19751,002790,4343,569,23322,694,702
<br />Total liabilities14,326,08710,930,915264,813940,0277,035,01333,496,855
<br />Fund balances
<br />Reserved for prepaid expenditures441,01100058,247499,258
<br />Reserved for debt service0000627,668627,668
<br />Reserved for inventories0000904,922904,922
<br />Reserved for assets held for resale00002,407,9672,407,967
<br />Unreserved30,005,6142,034,0716,527,80610,402,922048,970,413
<br />Unreserved, reported in nonmajor:
<br /> Special revenue funds000023,904,39023,904,390
<br /> Debt service funds00006,394,5156,394,515
<br /> Capital project funds00003,044,7743,044,774
<br />Total fund balances30,446,6252,034,0716,527,80610,402,92237,342,48386,753,907
<br />Total liabilities and fund balances44,772,71212,964,9866,792,61911,342,94944,377,496
<br />Reconciliation to the Statement of Net Assets:
<br />The Statement of Net Assets reports receivables at their net realizable value. However, receivables not available to pay for
<br /> current-period expenditures are deferred in governmental funds.18,724,909
<br />Capital assets are not financial resources in governmental funds, but are reported in the Statement of Net Assets at their net
<br /> depreciable value.364,749,916
<br />All liabilities are reported in the Statement of Net Assets. However, if they are not due and payable in the current period, they
<br /> are not recorded in governmental funds.(56,566,318)
<br />Internal service funds are proprietary funds and not reported with governmental funds. However, because internal service funds
<br /> primarily benefit governmental activities, their assets, liabilities, and net assets are reported along with governmental activities
<br /> in the Statement of Net Assets.69,616,245
<br />Net assets of governmental activities483,278,659
<br />The accompanying notes are an integral part of the financial statements.
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