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CITY OF EUGENE, OREGON
<br />Notes to Basic Financial Statements
<br />(4) Detailed Notes on All Funds, continued
<br /> (F) 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. In addition, governmental funds and
<br />proprietary funds report deferred revenue in connection with resources that have been received but not yet
<br />earned. The various components of deferred revenue consist of the following:
<br />Fund by type Unavailable Unearned Total
<br />Property taxes receivable:
<br /> General $7,372,76207,372,762
<br /> Other governmental funds1,328,89201,328,892
<br />Assessments receivable:
<br /> Other governmental funds1,046,65401,046,654
<br />Systems development charges receivable:
<br /> Systems Development Capital Projects704,2110704,211
<br />Notes receivable:
<br /> Community Development Special Revenue23,783,416023,783,416
<br /> Systems Development Capital Projects5,12405,124
<br /> Other governmental funds3,546,96303,546,963
<br />Other:
<br /> General636,2211,574,9102,211,131
<br /> Community Development Special Revenue08,1988,198
<br /> Ambulance Transport0449,732449,732
<br /> Municipal Airport064,37564,375
<br /> Parking Services098,88998,889
<br /> Wastewater Utility0523523
<br /> Stormwater Utility0189,665189,665
<br /> Internal service funds0517,428517,428
<br /> Other governmental funds1,806429,354431,160
<br />Total deferred revenue$38,426,0493,333,07441,759,123
<br />(G) Operating Leases
<br />The City conducts some of its operations from leased facilities located both inside and outside the central
<br />business district. All such leases for facilities are classified as operating leases and expire within the next six
<br />years. The total rental expense for the year ended June 30, 2012, for operating leases was $967,600. Most of
<br />these leases for facilities contain an option whereby the City can, after the initial lease term, renew its lease for
<br />periods of one to ten years. These options enable the City to retain use of facilities in desirable operating
<br />areas.
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