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Exhibit 3
<br />Urban Renewal Agency of the City of Eugene, Oregon
<br />Balance Sheet
<br />Governmental Funds
<br />June 30, 2011
<br />(amounts in dollars)
<br />RiverfrontRiverfrontTotal
<br />DebtCapitalSpecialCapitalGovernmental
<br /> General
<br />ServiceProjectsRevenueProjectsFunds
<br />Assets
<br />Equity in pooled cash and investments657,941372,305740,5314,293,991163,7436,228,511
<br />Receivables:
<br /> Interest6,78236,74308,853052,378
<br /> Taxes0133,486046,7450180,231
<br /> Accounts68,715000068,715
<br /> Loans and notes3,071,56500003,071,565
<br /> Allowance for uncollectibles(54,602)0000(54,602)
<br />Due from other governments013,94704,697018,644
<br />Assets held for resale00001,867,2321,867,232
<br />Total assets3,750,401556,481740,5314,354,2862,030,97511,432,674
<br />Liabilities and Fund Balances
<br />Liabilities
<br />Accounts payable60000060
<br />Due to other governments00016016
<br />Deferred revenue3,071,565170,229055,59803,297,392
<br />Total liabilities3,071,625170,229055,61403,297,468
<br />Fund balances
<br />Nonspendable00001,867,2321,867,232
<br />Restricted678,776386,252740,5314,298,672163,7436,267,974
<br />Total fund balances678,776386,252740,5314,298,6722,030,9758,135,206
<br />Total liabilities and fund balances3,750,401556,481740,5314,354,2862,030,975
<br />Reconciliation to the Statement of Net Assets:
<br />The Statement of Net Assets reports receivables at their net realizable value. However, receivables
<br /> not available to pay for current-period expenditures are deferred in governmental funds.3,153,940
<br />Capital assets are not financial resources in governmental funds, but are reported in the
<br /> Statement of Net Assets at their net depreciable value.4,736,470
<br />All liabilities are reported in the Statement of Net Assets. However, if they are not due and payable
<br /> in the current period, they are not recorded in governmental funds.(7,942,220)
<br />Total net assets8,083,396
<br />The accompanying notes are an integral part of the financial statements.
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