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Item 4: Resolution on Receipt of FY11 URA Annual Financial Report
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Item 4: Resolution on Receipt of FY11 URA Annual Financial Report
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1/9/2012
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URBAN RENEWAL AGENCY OF THE CITY OF EUGENE, OREGON <br />Notes to Basic Financial Statements <br />(4) Detailed Notes on All Funds <br /> (A)Equity in Pooled Cash and Investments <br />The City maintains a common cash and investments pool that is available for use by all funds, including <br />the Agency. The Agency’s portion of this pool is displayed in the Statement of Net Assets and the <br />Balance Sheet as "Equity in pooled cash and investments.” Cash and investments are comprised of the <br />following at June 30, 2011: <br />Deposits with banks$277,617 <br />Investments5,950,894 <br />$6,228,511 <br /> Detailed information for the Agency’s pooled cash and investments can be found in the City of Eugene’s <br />FY11 Comprehensive Annual Financial Report (Notes to Basic Financial Statements). <br /> (B) 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, and for resources that have been <br />received but not yet earned. At June 30, 2011, the deferred revenue reported in the Balance Sheet for <br />governmental funds consist of the following: <br />Total <br />Property taxes receivable: <br />Debt Service$133,486 <br />Riverfront Special Revenue46,745 <br />Notes receivable: <br />General3,071,565 <br />Other: <br />Debt Service36,743 <br />Riverfront Special Revenue8,853 <br />Total deferred revenue$3,297,392 <br />continued <br />26 <br />
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