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Exhibit 3
<br />Urban Renewal Agency of the City of Eugene, Oregon
<br />Balance Sheet
<br />Governmental Funds
<br />June 30, 2012
<br />(amounts in dollars)
<br />RiverfrontRiverfrontTotal
<br />DebtCapitalSpecialCapitalGovernmental
<br /> General
<br />ServiceProjectsRevenueProjectsFunds
<br />Assets
<br />Equity in pooled cash and investments243,843912,834721,2855,078,112164,4177,120,491
<br />Receivables:
<br /> Interest10,54838,859010,854060,261
<br /> Taxes0155,908061,4190217,327
<br /> Accounts88,740000088,740
<br /> Loans and notes3,556,56000003,556,560
<br /> Allowance for uncollectibles(70,992)0000(70,992)
<br />Due from other governments010,63604,553015,189
<br />Assets held for resale00860,16001,867,2322,727,392
<br />Total assets3,828,6991,118,2371,581,4455,154,9382,031,64913,714,968
<br />Liabilities and Fund Balances
<br />Liabilities
<br />Deferred revenue3,546,963194,767072,27303,814,003
<br />Total liabilities3,546,963194,767072,27303,814,003
<br />Fund balances
<br />Nonspendable00860,16001,867,2322,727,392
<br />Restricted281,736923,470721,2855,082,665164,4177,173,573
<br />Total fund balances281,736923,4701,581,4455,082,6652,031,6499,900,965
<br />Total liabilities and fund balances3,828,6991,118,2371,581,4455,154,9382,031,649
<br />Reconciliation to the Statement of Net Assets:
<br />The Statement of Net Assets reports receivables at their net realizable value. However, receivables
<br /> not available to pay for current-period expenditures are deferred in governmental funds.3,657,525
<br />Capital assets are not financial resources in governmental funds, but are reported in the
<br /> Statement of Net Assets at their net depreciable value. 4,194,516
<br />All liabilities are reported in the Statement of Net Assets. However, if they are not due and payable
<br /> in the current period, they are not recorded in governmental funds.(7,221,389)
<br />Total net assets10,531,617
<br />The accompanying notes are an integral part of the financial statements.
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