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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 $5,874,27505,874,275
<br /> Other governmental funds1,218,43501,218,435
<br />Assessments receivable:
<br /> Other governmental funds1,275,76901,275,769
<br />Systems development charges receivable:
<br /> Systems Development Capital Projects1,691,37001,691,370
<br />Notes receivable:
<br /> Community Development Special Revenue20,926,175020,926,175
<br /> Systems Development Capital Projects5,12405,124
<br /> Other governmental funds3,071,56503,071,565
<br />Other:
<br /> General1,199,6911,456,1312,655,822
<br /> Community Development Special Revenue078,42178,421
<br /> Ambulance Transport0742,785742,785
<br /> Municipal Airport0128,388128,388
<br /> Parking Services0167,011167,011
<br /> Stormwater Utility03,9033,903
<br /> Internal service funds0351,273351,273
<br /> Other governmental funds32,875268,353301,228
<br />Total deferred revenue$35,295,2793,196,26538,491,544
<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, 2011, for operating leases was $655,631. 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.
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