The enterprise funds, all of which are considered to be major funds of the City, are reported separately as proprietary
<br />fund financial statements in the basic financial statements. Conversely, all internal service funds are combined into a
<br />single, aggregated presentation in the proprietary fund financial statements. Individual fund data for the internal service
<br />funds is provided as other supplementary information in the form of combining statements at G-1, G-2, and G-3.
<br />The City adopts an annual appropriated budget for all proprietary funds. To demonstrate compliance with the budget,
<br />budgetary comparison statements have been provided for the enterprise funds as other supplementary information at
<br />F-1 though F-5. Budgetary comparisons for the internal service funds are provided as other supplementary information
<br />at G-4 through G-8. The proprietary fund financial statements can be found at Exhibits 6, 7, and 8 in the basic financial
<br />statements.
<br />Notes to the basic financial statements.
<br /> The notes provide additional information that is essential for a full
<br />understanding of the data provided in the government-wide and fund financial statements. They are an integral part of
<br />the financial statements and should be read in conjunction with them.
<br />Required supplementary information.
<br /> In addition to the basic financial statements and accompanying notes, this
<br />report also presents certain required supplementary information concerning budgetary comparisons for the General
<br />Fund and Community Development Fund, information about the City’s progress in funding its obligation to provide
<br />pension and other post employment benefits to its employees, and the budget to GAAP reconciliation schedule.
<br />Other supplementary information
<br />. The combining statements and schedules referred to earlier and the schedules of
<br />property tax and bonded debt transactions follow the required supplementary information in this report.
<br />Government-wide Financial Analysis
<br />As noted earlier, net assets may serve over time as a useful indicator of a government’s financial position. In the case
<br />of the City, assets exceeded liabilities by $747.7 million at the close of the fiscal year ending June 30, 2009.
<br />
<br />City of Eugene's Net Assets
<br />Governmental Activities Business-type Activities Total
<br />2009 2008 2009 2008 2009 2008
<br />Capital assets $ 394,128,747 388,484,262 237,502,482 234,984,718 631,631,229 623,468,980
<br />Other assets 241,896,507 245,262,949 35,855,233 41,959,627 277,751,740 287,222,576
<br /> Total assets 636,025,254 633,747,211 273,357,715 276,944,345 909,382,969 910,691,556
<br />Noncurrent liabilities 110,062,606 111,385,305 4,991,191 5,905,022 115,053,797 117,290,327
<br />Other liabilities 40,035,534 39,083,247 6,580,305 6,866,569 46,615,839 45,949,816
<br /> Total liabilities 150,098,140 150,468,552 11,571,496 12,771,591 161,669,636 163,240,143
<br />Net assets:
<br /> Invested in capital assets,
<br /> net of related debt 345,073,199 337,614,504 232,335,631 229,495,712 577,408,830 567,110,216
<br /> Restricted 53,962,044 53,057,936 9,373,596 9,355,894 63,335,640 62,413,830
<br /> Unrestricted 86,891,871 92,606,219 20,076,992 25,321,148 106,968,863 117,927,367
<br /> Total net assets $ 485,927,114 483,278,659 261,786,219 264,172,754 747,713,333 747,451,413
<br />The largest portion of the City’s net assets is its investment in capital assets, less any related debt used to acquire
<br />these assets that are still outstanding. Although the City’s investment in its capital assets is reported net of related debt,
<br />the resources needed to repay this debt must be provided from other sources since the capital assets themselves
<br />cannot be used to liquidate these liabilities.
<br />An additional portion of the City’s net assets, $63.3 million (8.5%), represents resources that are subject to external
<br />restrictions on how they may be used. The remaining balance of net assets $107.0 million (14.3%) are unrestricted and
<br />may be used to meet the government’s ongoing obligations to citizens and creditors.
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