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CITY OF EUGENE, OREGON
<br />Notes to Basic Financial Statements
<br />(1) Summary of Significant Accounting Policies, continued
<br /> (N) Fund Balance, continued
<br />Resources that are constrained by the government’s intent to use them for a specific purpose, but are neither
<br />restricted nor committed, are reported as assigned fund balance. Intent is expressed when the City Council
<br />approves which resources should be “reserved” during the adoption of the annual budget. The City’s Finance
<br />Director uses that information to determine whether those resources should be classified as assigned or
<br />unassigned for presentation in the City’s Comprehensive Annual Financial Report.
<br />Unassigned fund balance is the residual classification for the General Fund. This classification represents fund
<br />balance that has not been restricted, committed, or assigned within the General Fund. This classification is
<br />also used to report any negative fund balance amounts in other governmental funds.
<br />When both restricted and unrestricted (committed, assigned, or unassigned) resources are available for use, it
<br />is the City’s practice to use restricted resources first, then unrestricted resources as needed. When an
<br />expenditure is incurred where an unrestricted fund balance classification could be used, the City’s practice is to
<br />use committed resources first, assigned resources second, and then unassigned amounts as they are needed.
<br />Fund balances by classification for the year ended June 30, 2012 were as follows:
<br />Systems
<br />GeneralDevelopmentOtherTotal
<br />CommunityCapitalCapitalGovernmentalGovernmental
<br />GeneralDevelopmentProjectsProjectsFundsFunds
<br />Fund balances
<br />Nonspendable:
<br /> Inventories$0000912,806912,806
<br /> Prepaids and deposits1,399,020000114,0601,513,080
<br /> Assets held for resale00002,729,1982,729,198
<br /> Permanent balance000080,00080,000
<br />Restricted:
<br /> Capital projects00713,6098,900,9856,434,19316,048,787
<br /> Community development02,720,7660002,720,766
<br />Rental housing program0000209,224209,224
<br /> Cultural services1,041,1850003,588,5854,629,770
<br /> Debt service0000999,694999,694
<br /> Road maintenance00002,454,0602,454,060
<br /> Public safety communications00001,870,9641,870,964
<br /> Solid waste and recycling0000701,702701,702
<br /> Urban renewal00007,173,5737,173,573
<br />Committed:
<br /> Construction Permits00002,313,1392,313,139
<br /> Special assessments00002,536,6672,536,667
<br /> Telecommunications00007,564,1287,564,128
<br />Assigned:
<br />Unappropriated
<br />ending fund balance21,150,000000021,150,000
<br /> Capital projects005,506,138005,506,138
<br /> Cultural services1,342,57800001,342,578
<br /> Reserve for encumbrances1,201,73500001,201,735
<br /> Reserve for next year's spending1,325,08200001,325,082
<br /> Reserve for revenue shortfall10,428,107000010,428,107
<br /> Other reserves1,872,77900001,872,779
<br />Unassigned3,330,38000003,330,380
<br />Total fund balances$43,090,8662,720,7666,219,7478,900,98539,681,993100,614,357
<br />continued
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