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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 $817.1 million at the close of the fiscal year ending June 30, 2012.
<br />City of Eugene's Net Assets
<br />Governmental ActivitiesBusiness-type ActivitiesTotal
<br />201220112012201120122011
<br />Capital assets$421,356,710413,680,953243,029,332241,534,491664,386,042655,215,444
<br />Other assets265,654,233261,994,37145,070,20443,890,356310,724,437305,884,727
<br /> Total assets 687,010,943675,675,324288,099,536285,424,847975,110,479961,100,171
<br />Noncurrent liabilities108,558,227112,428,124276,056267,467108,834,283112,695,591
<br />Other liabilities43,696,73341,610,7055,516,1957,007,86849,212,92848,618,573
<br /> Total liabilities152,254,960154,038,8295,792,2517,275,335158,047,211161,314,164
<br />Net assets:
<br /> Invested in capital assets,
<br /> net of related debt384,208,529363,812,593243,029,332241,534,490627,237,861605,347,083
<br /> Restricted59,391,85565,649,03612,568,71011,632,55671,960,56577,281,592
<br /> Unrestricted91,155,59992,174,86626,709,24324,982,466117,864,842117,157,332
<br /> Total net assets$534,755,983521,636,495282,307,285278,149,512817,063,268799,786,007
<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, $72.0 million (8.8%), represents resources that are subject to external
<br />restrictions on how they may be used. The remaining balance of net assets $117.9 million (14.4%) are unrestricted and
<br />may be used to meet the government’s ongoing obligations to citizens and creditors.
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