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CITY OF EUGENE, OREGON
<br />Notes to Basic Financial Statements
<br />(4) Detailed Notes on All Funds, continued
<br /> (F) Deferred Revenue
<br />Governmental funds report deferred revenue in connection with receivables for revenues that are not
<br />considered to be available to liquidate liabilities of the current period. In addition, governmental funds and
<br />proprietary funds report deferred revenue in connection with resources that have been received but not yet
<br />earned. The various components of deferred revenue consist of the following:
<br />Fund by type Unavailable Unearned Total
<br />Property taxes receivable:
<br /> General $5,922,44905,922,449
<br /> Other governmental funds1,149,15501,149,155
<br />Assessments receivable:
<br /> Other governmental funds1,219,80901,219,809
<br />Systems development charges receivable:
<br /> Systems Development Capital Projects508,6810508,681
<br />Notes receivable:
<br /> Community Development Special Revenue15,232,951015,232,951
<br /> Systems Development Capital Projects5,12405,124
<br /> Other governmental funds1,984,50101,984,501
<br />Other:
<br /> General627,8211,710,7302,338,551
<br /> Community Development Special Revenue010,00010,000
<br /> Ambulance Transport0683,759683,759
<br /> Municipal Airport049,85449,854
<br /> Parking Services034,79934,799
<br /> Stormwater Utility019,88719,887
<br /> Internal service funds0157,062157,062
<br /> Other governmental funds201,80999,272301,081
<br />Total deferred revenue$26,852,3002,765,36329,617,663
<br />(G) Operating Leases
<br />The City conducts some of its operations from leased facilities located both inside and outside the central
<br />business district. All such leases for facilities are classified as operating leases and expire within the next six
<br />years. The total rental expense for the year ended June 30, 2010, for operating leases was $718,741. Most of
<br />these leases for facilities contain an option whereby the City can, after the initial lease term, renew its lease for
<br />periods of one to ten years. These options enable the City to retain use of facilities in desirable operating
<br />areas.
<br />continued
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