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Exhibit 5 <br />Urban Renewal Agency of the City of Eugene, Oregon <br />Reconciliation of the Statement of Revenues, Expenditures, and Changes <br /> in Fund Balances of Governmental Funds to the Statement of Activities <br />For the fiscal year ended June 30, 2009 <br />(amounts in dollars) <br />Net change in fund balances - total governmental funds147,012 <br />Amounts reported for governmental activities in the Statement of Activities are <br /> different because: <br />Donations of capital assets are reported as capital contributions in the Statement of Activities, but <br /> do not appear in the governmental funds because they are not financial resources. In addition, the <br /> Statement of Activities reports gains and losses arising from the disposal of existing capital assets, <br /> while governmental funds do not.(3,618,060) <br />Capital outlays are reported as expenditures in governmental funds. However, the Statement of <br /> Activities allocates the cost of capital outlays over their estimated useful lives as depreciation <br /> expense.2,217,975 <br />Governmental funds defer revenues that do not provide current financial resources. However, the <br /> Statement of Activities recognizes such revenues at their net realizable value when earned, <br /> regardless of when received.910,222 <br />Change in net assets of governmental activities.(342,851) <br />The accompanying notes are an integral part of the financial statements. <br />