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Exhibit 1 <br />Urban Renewal Agency of the City of Eugene, Oregon <br />Statement of Net Assets <br />June 30, 2012 <br />(amounts in dollars) <br />Assets <br />Equity in pooled cash and investments7,120,491 <br />Receivables (net of allowance)3,695,418 <br />Due from other governments15,189 <br />Assets held for resale2,727,392 <br />Capital assets: <br /> Land and construction in progress1,932,666 <br /> Other capital assets (net of accumulated depreciation)2,261,850 <br />Total assets17,753,006 <br />Liabilities <br />Accounts payable and other liabilities38,389 <br />Bonds payable754,000 <br />Total current liabilities792,389 <br />Noncurrent liabilities <br />Bonds payable <br />6,429,000 <br />Total noncurrent liabilities6,429,000 <br />Total liabilities7,221,389 <br />Net assets <br />Invested in capital assets4,194,516 <br />Unrestricted6,337,101 <br />Total net assets10,531,617 <br />The accompanying notes are an integral part of the financial statements. <br />