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Exhibit 1 <br />Urban Renewal Agency of the City of Eugene, Oregon <br />Statement of Net Assets <br />June 30, 2011 <br />(amounts in dollars) <br />Assets <br />Equity in pooled cash and investments6,228,511 <br />Receivables (net of allowance)3,174,835 <br />Due from other governments18,644 <br />Assets held for resale1,867,232 <br />Capital assets: <br /> Land and construction in progress2,215,459 <br /> Other capital assets (net of accumulated depreciation)2,521,011 <br />Total assets16,025,692 <br />Liabilities <br />Accounts payable and other liabilities42,280 <br />Due to other governments16 <br />Bonds payable717,000 <br />Total current liabilities759,296 <br />Noncurrent liabilities <br />Bonds payable <br />7,183,000 <br />Total noncurrent liabilities7,183,000 <br />Total liabilities7,942,296 <br />Net assets <br />Invested in capital assets4,736,470 <br />Unrestricted3,346,926 <br />Total net assets8,083,396 <br />The accompanying notes are an integral part of the financial statements. <br />13 <br />