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CITY OF EUGENE, OREGON
<br />Notes to Basic Financial Statements
<br />(1) Summary of Significant Accounting Policies, continued
<br /> (N) Fund Balance, continued
<br />Fund balance is reported as committed when the City Council passes an ordinance that places specific
<br />constraints on how the resources may be used. The City Council can modify or rescind the ordinance at any
<br />time through passage of an additional ordinance.
<br />Resources that are constrained by the government’s intent to use them for a specific purpose, but are neither
<br />restricted nor committed, are reported as assigned fund balance. Intent is expressed when the City Council
<br />approves which resources should be “reserved” during the adoption of the annual budget. The City’s Finance
<br />Director uses that information to determine whether those resources should be classified as assigned or
<br />unassigned for presentation in the City’s Comprehensive Annual Financial Report.
<br />Unassigned fund balance is the residual classification for the General Fund. This classification represents fund
<br />balance that has not been restricted, committed, or assigned within the General Fund. This classification is
<br />also used to report any negative fund balance amounts in other governmental funds.
<br />Fund balances by classification for the year ended June 30, 2010 were as follows:
<br />Systems
<br />GeneralDevelopmentOtherTotal
<br />CommunityCapitalCapitalGovernmentalGovernmental
<br />GeneralDevelopmentProjectsProjectsFundsFunds
<br />Fund balances
<br />Nonspendable:
<br /> Inventories$0000615,555615,555
<br /> Prepaids and deposits736,38600094,167830,553
<br /> Assets held for resale00002,407,9672,407,967
<br /> Permanent balance000080,00080,000
<br />Restricted:
<br /> Capital projects001,074,5475,335,2218,277,30814,687,076
<br /> Community development02,140,5970002,140,597
<br />Rental housing program0000179,993179,993
<br /> Cultural services833,8870003,337,3634,171,250
<br /> Debt service00001,084,1101,084,110
<br /> Road maintenance00001,945,4361,945,436
<br /> Solid waste and recycling0000839,834839,834
<br />Unappropriated
<br />ending fund balance20,153,224000020,153,224
<br /> Urban renewal000010,249,86710,249,867
<br />Committed:
<br /> Construction Permits00001,310,4851,310,485
<br /> Special assessments00001,380,3951,380,395
<br /> Telecommunications00005,102,5695,102,569
<br />Assigned:
<br /> Capital projects0010,766,0870010,766,087
<br /> Cultural services1,356,46600001,356,466
<br /> Reserve for encumbrances1,502,65800001,502,658
<br /> Reserve for revenue shortfall8,797,75900008,797,759
<br /> Other reserves401,7210000401,721
<br />Unassigned6,122,604000(108,342)6,014,262
<br />Total fund balances$39,904,7052,140,59711,840,6345,335,22136,796,70796,017,864
<br />continued
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