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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 $778.6 million at the close of the fiscal year ending June 30, 2010.
<br />City of Eugene's Net Assets
<br />Governmental ActivitiesBusiness-type ActivitiesTotal
<br />201020092010200920102009
<br />Capital assets$408,038,730394,128,747243,845,409237,502,482651,884,139631,631,229
<br />Other assets244,339,386241,896,50743,046,59635,855,233287,385,982277,751,740
<br /> Total assets 652,378,116636,025,254286,892,005273,357,715939,270,121909,382,969
<br />Noncurrent liabilities104,767,637110,062,6064,507,5164,991,191109,275,153115,053,797
<br />Other liabilities41,121,20540,035,53410,235,9276,580,30551,357,13246,615,839
<br /> Total liabilities145,888,842150,098,14014,743,44311,571,496160,632,285161,669,636
<br />Net assets:
<br /> Invested in capital assets,
<br /> net of related debt368,493,364345,073,199239,045,916232,335,631607,539,280577,408,830
<br /> Restricted56,191,50553,962,0449,160,5669,373,59665,352,07163,335,640
<br /> Unrestricted81,804,40586,891,87123,942,08020,076,992105,746,485106,968,863
<br /> Total net assets$506,489,274485,927,114272,148,562261,786,219778,637,836747,713,333
<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, $65.4 million (8.4%), represents resources that are subject to external
<br />restrictions on how they may be used. The remaining balance of net assets $105.7 million (13.6%) are unrestricted and
<br />may be used to meet the government’s ongoing obligations to citizens and creditors.
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