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The amount and adequacy of collateral pledged by depositories to secure the deposit of <br />public funds, <br /> The requirements relating to debt. <br /> The requirements relating to preparation, adoption and execution of the annual budgets for <br />fiscal years 2008 and 2009. <br /> The requirements relating to insurance and fidelity bond coverage. <br /> The appropriate laws, rules and regulations pertaining to programs funded wholly or partially <br />by other governmental agencies. <br /> The statutory requirements pertaining to investment of public funds. <br /> The requirements pertaining to awarding of public contracts of public improvements. <br />The results of our tests indicate that with respect to the items tested the Agency complied, in all <br />material respects, with the provisions referred to above. <br />This report is intended solely for the information of the Honorable Mayor, member of the Urban <br />Renewal Agency Board, the Administrator and management of the Urban Renewal Agency of the <br />City of Eugene, Oregon and the Secretary of State, Audits Division, of the State of Oregon and is <br />not intended to be and should not be used by anyone other than these specified parties. <br />Isler CPA <br />By: <br /> Paul Nielson, CPA, a member of the firm <br />Eugene, Oregon <br />November 14, 2008 <br /> <br />