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 $799.8 million at the close of the fiscal year ending June 30, 2011.
<br />City of Eugene's Net Assets
<br />Governmental ActivitiesBusiness-type ActivitiesTotal
<br />201120102011201020112010
<br />Capital assets$413,680,953408,038,730241,534,489243,845,409655,215,442651,884,139
<br />Other assets261,994,371244,339,38643,890,35843,046,596305,884,729287,385,982
<br /> Total assets 675,675,324652,378,116285,424,847286,892,005961,100,171939,270,121
<br />Noncurrent liabilities112,428,124104,767,637267,4674,507,516112,695,591109,275,153
<br />Other liabilities41,610,70541,121,2057,007,86810,235,92748,618,57351,357,132
<br /> Total liabilities154,038,829145,888,8427,275,33514,743,443161,314,164160,632,285
<br />Net assets:
<br /> Invested in capital assets,
<br /> net of related debt363,812,593368,493,364241,534,490239,045,916605,347,083607,539,280
<br /> Restricted65,649,03656,191,50511,632,5569,160,56677,281,59265,352,071
<br /> Unrestricted92,174,86681,804,40524,982,46623,942,080117,157,332105,746,485
<br /> Total net assets$521,636,495506,489,274278,149,512272,148,562799,786,007778,637,836
<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, $77.3 million (9.7%), represents resources that are subject to external
<br />restrictions on how they may be used. The remaining balance of net assets $117.2 million (14.6%) are unrestricted and
<br />may be used to meet the government’s ongoing obligations to citizens and creditors.
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