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Exhibit 3
<br />Urban Renewal Agency of the City of Eugene, Oregon
<br />Balance Sheet
<br />Governmental Funds
<br />June 30, 2009
<br />(amounts in dollars)
<br />RiverfrontRiverfrontTotal
<br />DebtCapitalSpecialCapitalGovernmental
<br /> General
<br />ServiceProjectsRevenueProjectsFunds
<br />Assets
<br />Equity in pooled cash and investments2,114,806
<br />5,772,769134,9732,907,575171,28311,101,406
<br />Receivables:
<br /> Interest5,749
<br />48,35709,378063,484
<br /> Taxes0
<br />174,122040,4030214,525
<br /> Loans and notes1,441,170
<br />00001,441,170
<br />Due from other governments0
<br />17,23904,090021,329
<br />Assets held for resale538,929
<br />0001,867,2322,406,161
<br />Total assets4,100,654
<br />6,012,487134,9732,961,4462,038,51515,248,075
<br />Liabilities and Fund Balances
<br />Liabilities
<br />Accounts payable4,99500004,995
<br />Deferred revenue1,441,170222,479049,78201,713,431
<br />Total liabilities1,446,165222,479049,78201,718,426
<br />Fund balances
<br />Reserved for assets held for resale538,9290001,867,2322,406,161
<br />Unreserved2,115,5605,790,008134,9732,911,664171,28311,123,488
<br />Total fund balances2,654,4895,790,008134,9732,911,6642,038,51513,529,649
<br />Total liabilities and fund balances4,100,6546,012,487134,9732,961,4462,038,515
<br />Reconciliation to the Statement of Net Assets:
<br />The Statement of Net Assets reports receivables at their net realizable value. However, receivables
<br /> not available to pay for current-period expenditures are deferred in governmental funds.1,687,342
<br />Capital assets are not financial resources in governmental funds, but are reported in the
<br /> Statement of Net Assets at their net depreciable value.5,258,104
<br />Total net assets20,475,095
<br />The accompanying notes are an integral part of the financial statements.
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