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HomeMy WebLinkAboutItem 3C: Resolution Acknowledging Receipt of 2008 CAFR ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Action: Adoption of Resolution 4960 Acknowledging Receipt of the City of Eugene, Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2008 Meeting Date: January 12, 2009 Agenda Item Number: 3C Department: Central Services Staff Contact: Fionan Cronin www.eugene-or.gov Contact Telephone Number: 682-5394 ISSUE STATEMENT This is a resolution acknowledging receipt of the City of Eugene, Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2008. This resolution demonstrates compliance with ORS 297.465(2), which requires that a copy of the City’s CAFR, containing a signed expression of opinion, be furnished to each member of the governing body. BACKGROUND Under Oregon Municipal Audit Law, the City is required each fiscal year to contract with an authorized accounting firm for the audit of its accounts and fiscal affairs (ORS 297.425). The firm of Isler CPA (auditors) has completed the audit of the City of Eugene's financial statements for the fiscal year ended June 30, 2008, and issued an unqualified opinion on the basic financial statements. The auditors conduct the audit of the City's basic financial statements in accordance with generally accepted auditing standards and the Minimum Standards for Audits of Oregon Municipal Corporations. In addition, as a recipient of federal grants, the City is subject to the Federal Single Audit Act of 1984, which requires that the audit be conducted in accordance with Government Auditing Standards, issued by the Comptroller General of the United States and Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments and Non-Profit Organizations. These standards and OMB Circular A-133 require that the auditors plan and perform the audit to obtain reasonable assurance about whether the basic financial statements are free of material misstatement and whether the City complied with the laws and regulations pertaining to federally-funded programs. In addition to state and federal requirements, the City has bond covenants in connection with certain debt issuances which require that the City issue annual audited financial statements. Management is responsible for the information contained in, and the preparation of, the City's financial statements. To effectively fulfill this responsibility and to contain the cost of auditor services, City staff devotes significant effort to the closing of accounting records, the preparation of schedules and audit workpapers, and the production of the CAFR. This also results in staff expertise being developed on specific financial and service issues that can then be used to assist departments and other pertinent parties. Z:\CMO\2009 Council Agendas\M090112\S0901123C.doc The key pages of the CAFR which you may wish to review are pages 13-14 and pages 157-158, where two of the auditors' reports are found. In the first report, the auditors have issued an unqualified opinion (also known as a "clean opinion") on the City's basic financial statements, indicating that the City has prepared these statements in conformity with generally accepted accounting principles (GAAP). GAAP for state and local governments is promulgated by the Governmental Accounting Standards Board (GASB) to ensure consistency in accounting and comparability in financial reporting among state and local governments. A clean opinion is a fundamental financial goal for every government, as it represents the highest level of opinion a government can receive from its independent auditors. A clean opinion is an important indicator of sound financial management and creditworthiness to the citizens, other governmental jurisdictions (state and federal), credit rating agencies, investment bankers, bond holders, and other private sector entities. In the second report, the auditors address the City’s compliance with applicable provisions of Oregon Revised Statutes, including requirements related to debt, deposit of public funds, preparation and adoption of the budget, accounting records and related internal control structure, etc. In addition, the auditors also report if the City had any significant internal control weaknesses. The auditors noted that the City complied with all laws with one exception. The General Obligation Debt Service Fund overspent its debt service payment authority by $35,398, or 0.6%. Staff underestimated the debt service payment by this amount. ORS require that all over-expenditures be brought to the attention of the governing body. Because there is no dollar threshold, it is common for local governments to have occasional over-expenditures. As a benchmark for reference, in the past decade with total annual budgets of between $400-500 million, the City has been cited for seven other over-expenditures totaling $158,797. This indicates that over- expenditures rarely occur. Two additional reports, beginning on page 161, specifically address compliance with Federal laws, regulations, contracts and grants, and indicate that the auditors found no material instances of the City's noncompliance with these requirements, nor were there any findings or questioned costs noted in relation to Federal awards made to the City. Starting with fiscal year 2008 audits, there are new professional requirements mandating auditors to provide a report to the governing body that addresses any concerns or findings they encountered in such audit-related issues as significant audit findings, accounting estimates and disagreements with management. Isler CPA’s memo addressing these issues is attached and it states that there were no concerns that required communication to you. The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Eugene for its Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2007. This was the 32nd consecutive year that the City achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized CAFR, which satisfies both generally accepted accounting principles and applicable legal requirements. In addition, the requirements for the certificate provide much of the information needed for the City’s credit assessments. Z:\CMO\2009 Council Agendas\M090112\S0901123C.doc RELATED CITY POLICIES Policy B.1 of the City’s Financial Management Goals and Policies states that “The City will maintain an accounting and financial reporting system that allows reporting in conformance with Generally Accepted Accounting Principles and Oregon Local Budget Law and will issue a Comprehensive Annual Financial Report each fiscal year.” This action signifies formal completion of this process for the fiscal year ended June 30, 2008, and demonstrates the council’s compliance with the policy. COUNCIL OPTIONS None. CITY MANAGER’S RECOMMENDATION The City Manager recommends adoption of the proposed resolution. SUGGESTED MOTION Move to adopt Resolution 4960 acknowledging receipt of the Comprehensive Annual Financial Report (CAFR) for the City of Eugene for the fiscal year ended June 30, 2008. ATTACHMENTS A.Resolution B.Copy of the 2008 Comprehensive Annual Financial Report C.Copy of the Isler CPA memo FOR MORE INFORMATION Staff Contact: Fionan Cronin Telephone: 682-5394 Staff E-Mail: finn.j.cronin@ci.eugene.or.us Z:\CMO\2009 Council Agendas\M090112\S0901123C.doc ATTACHMENT A RESOLUTION NO. A RESOLUTION ACKNOWLEDGING THE RECEIPT OF THE COMPREHENSIVE ANNUAL FINANCIAL REPORT OF THE CITY OF EUGENE FOR THE FISCAL YEAR ENDED JUNE 30, 2008 The City Council of the City of Eugene finds that: The firm of Isler CPA has completed the audit of the financial statements of the City of Eugene for the fiscal year ended June 30, 2008, as required by ORS 297.425 and, pursuant to ORS 297.465, reported to the Mayor and City Council on its findings. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Eugene, a Municipal Corporation of the State of Oregon, as follows: Section 1. That the Council hereby acknowledges that it has received the Comprehensive Annual Financial Report for the fiscal year ended June 30, 2008. The foregoing resolution adopted the 12th day of January, 2009. 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ª  Ý×ÌÇ ÑÚ ÛËÙÛÒÛô ÑÎÛÙÑÒ Ý±³°®»¸»²­·ª» ß²²«¿´ Ú·²¿²½·¿´ λ°±®¬ Ì¿¾´» ±º ݱ²¬»²¬­ô ½±²¬·²«»¼ п¹»ø­÷ ͽ¸»¼«´» ÍÌßÌ×ÍÌ×ÝßÔ ÌßÞÔÛÍ ÍÛÝÌ×ÑÒô ÝÑÒÌ×ÒËÛÜ Ú«²¼ ײº±®³¿¬·±²ô ½±²¬·²«»¼æ Ñ°»®¿¬·²¹ ײ¼·½¿¬±®­ ¾§ Ú«²½¬·±²ñЮ±¹®¿³ ×óïè ïëí Ý¿°·¬¿´ ß­­»¬ ͬ¿¬·­¬·½­ ¾§ Ú«²½¬·±²ñЮ±¹®¿³ ×óïç ïëì ßËÜ×Ì ÝÑÓÓÛÒÌÍ ßÒÜ ÙÑÊÛÎÒÓÛÒÌ ßËÜ×Ì×ÒÙ ÍÌßÒÜßÎÜÍ ÍÛÝÌ×ÑÒÍ ß«¼·¬ ݱ³³»²¬­æ λ°±®¬ ±º ײ¼»°»²¼»²¬ ß½½±«²¬¿²¬­ ±² ײ¬»®²¿´ ݱ²¬®±´ ¿²¼ Ѭ¸»® ݱ³³»²¬­ ¿²¼ Ü·­½´±­«®»­ λ¯«·®»¼ ¾§ ͬ¿¬» λ¹«´¿¬±®­ ïëé ó ïëè Ù±ª»®²³»²¬ ß«¼·¬·²¹ ͬ¿²¼¿®¼­æ Ù±ª»®²³»²¬ ß«¼·¬·²¹ ͬ¿²¼¿®¼­ λ°±®¬æ ôÏÙØÍØÏÙØÏÉüÈÙÔÉÎËjÊëØÍÎËÉÎÏôÏÉØËÏÜÑúÎÏÉËÎÑîÇØË Ú·²¿²½·¿´ λ°±®¬·²¹ ±² ݱ³°´·¿²½» ¿²¼ Ѭ¸»® Ó¿¬¬»®­ Þ¿­»¼ ±² ¿² ß«¼·¬ ±º Ú·²¿²½·¿´ ͬ¿¬»³»²¬­ л®º±®³»¼ ײ ß½½±®¼¿²½» ©·¬¸ Ù±ª»®²³»²¬ ß«¼·¬·²¹ ͬ¿²¼¿®¼­ ïêï ó ïêî ÑÓÞ Ý·®½«´¿® ßóïíí øÍ·²¹´» ß«¼·¬÷ λ°±®¬æ ôÏÙØÍØÏÙØÏÉüÈÙÔÉÎËjÊëØÍÎËÉÎÏúÎÐÍÑÔÜÏÚØÆÔÉÕëØÌÈÔËØÐØÏÉÊ ß°°´·½¿¾´» ¬± Û¿½¸ Ó¿¶±® Ю±¹®¿³ ¿²¼ ײ¬»®²¿´ ݱ²¬®±´ Ѫ»® ݱ³°´·¿²½» ·² ß½½±®¼¿²½» ©·¬¸ ÑÓÞ Ý·®½«´¿® ßóïíí ïêë ó ïêê ͽ¸»¼«´» ±º Ú·²¼·²¹­ ¿²¼ Ï«»­¬·±²»¼ ݱ­¬­ ïêé ͽ¸»¼«´» ±º Û¨°»²¼·¬«®»­ ±º Ú»¼»®¿´ ß©¿®¼­ Öóï ïêè ó ïêç Ò±¬»­ ¬± ͽ¸»¼«´» ±º Û¨°»²¼·¬«®»­ ±º Ú»¼»®¿´ ß©¿®¼­ ïéð ª· Central Services Finance Division City of Eugene th 100 W 10 Avenue, Suite 400 Eugene, Oregon 97401 (541) 682-5041 (541) 682-5802 FAX November 14, 2008 www.eugene-or.gov Citizens of Eugene The Honorable Kitty Piercy, Mayor Members of the City Council Jon R. Ruiz, City Manager It is my pleasure to submit to you the Comprehensive Annual Financial Report of the City of Eugene, Oregon, for the fiscal year ended June 30, 2008. Local ordinances and state statutes require that the City of Eugene issue a report on its financial position and activity within six months of the close of each fiscal year. In addition, this report must be audited in accordance with generally accepted auditing standards by an independent firm of certified public accountants. This report consists of management’s representations concerning the finances of the City. Consequently, responsibility for the accuracy of the data and the completeness and fairness of the presentation, including all disclosures, rests with management. To provide a reasonable basis for making these representations, management has established an internal control structure designed to safeguard City assets against loss, theft, or misappropriation, and to ensure the reliability of financial records for preparing financial statements in conformity with generally accepted accounting principles (GAAP). The internal control structure has been designed to provide reasonable, but not absolute, assurance that these objectives are being met. The concept of reasonable assurance recognizes (1) the cost of the control structure should not exceed the benefits likely to be derived; and (2) the evaluation of cost and benefits require estimates and judgments by management. We believe that the City's internal control structure adequately safeguards assets and provides reasonable assurance of proper recording of financial transactions. To the best of our knowledge and belief, the enclosed data is presented accurately, in all material respects, along with disclosures necessary to provide the reader with a reasonable understanding of the City's financial affairs. The City’s financial statements were audited by Isler CPA, a firm of licensed certified public accountants. The goal of the independent audit was to provide reasonable assurance that the financial statements of the City for the fiscal year ended June 30, 2008 are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an unqualified opinion that the City’s basic financial statements for the fiscal year ended June 30, 2008, are fairly presented, in all material respects, in conformity with GAAP. The independent auditor’s report on the Basic Financial Statements is included in the Financial Section of this report. In addition to meeting the requirements set forth above, the independent audit also was designed to meet the special needs of federal grantor agencies as provided for in the Federal Single Audit Act and the Office of Management and Budget’s (OMB) Circular A-133. These standards require the independent auditor not only report on the fair presentation of the basic financial statements, but also on the audited government’s internal controls and compliance with legal requirements, with special emphasis on internal controls and legal requirements involving the administration of federal awards. The results of the independent audit for the fiscal year ended June 30, 2008 indicated no instances of material weaknesses in the internal control structure or significant violations of applicable laws and regulations. The independent auditor’s reports related specifically to the Single Audit and OMB Circular A-133 are included in the Government Auditing Standards Section. 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Û«¹»²» Ý·¬§ Ø¿´´ ééé л¿®´ ͬ®»»¬ Û«¹»²»ô Ñ®»¹±² çéìðï Ó¿§±® ¿²¼ Ý·¬§ ݱ«²½·´ ¿­ ±º Ö«²» íðô îððè Ò¿³»Ì»®³ Û¨°·®»­  Ó¿§±®æ Õ·¬¬§ з»®½§ Ö¿²«¿®§ îððç ݱ«²½·´±®­æ Þ±²²§ Þ»¬¬³¿² øÉ¿®¼ ï÷ Ö¿²«¿®§ îððç Þ»¬¬§ Ì¿§´±® øÉ¿®¼ î÷ Ö¿²«¿®§ îððç ß´¿² Æ»´»²µ¿ øÉ¿®¼ í÷ Ö¿²«¿®§ îðïï Ù»±®¹» б´·²¹ øÉ¿®¼ ì÷ Ö¿²«¿®§ îðïï Ó·µ» Ý´¿®µ øÉ¿®¼ ë÷ Ö¿²«¿®§ îðïï Ö»²²·º»® ͱ´±³±² øÉ¿®¼ ê÷ Ö¿²«¿®§ îðïï ß²¼®»¿ Ñ®¬·¦ øÉ¿®¼ é÷ Ö¿²«¿®§ îððç ݸ®·­ Ю§±® øÉ¿®¼ è÷ Ö¿²«¿®§ îððç Ю·²½·°¿´ Ѻº·½·¿´­ Ö±² Îò Ϋ·¦ô Ý·¬§ Ó¿²¿¹»® Í¿®¿¸ Ó»¼¿®§ô ß½¬·²¹ ß­­·­¬¿²¬ Ý·¬§ Ó¿²¿¹»® Ö¿³»­ Îò Ý¿®´­±²ô Ý»²¬®¿´ Í»®ª·½»­ Û¨»½«¬·ª» Ü·®»½¬±® ο²¼¿´´ Þò Ù®±ª»­ô Ú·®» ¿²¼ Û³»®¹»²½§ Ó»¼·½¿´ Í»®ª·½»­ ݸ·»º λ²»» Ù®«¾»ô ß½¬·²¹ Ô·¾®¿®§ô λ½®»¿¬·±²ô ¿²¼ Ý«´¬«®¿´ Í»®ª·½»­ Û¨»½«¬·ª» Ü·®»½¬±® Í«­¿² Ôò Ó«·®ô д¿²²·²¹ ¿²¼ Ü»ª»´±°³»²¬ Û¨»½«¬·ª» Ü·®»½¬±® α¾»®¬ Óò Ô»¸²»®ô ݸ·»º ±º б´·½» Õ«®¬ ݱ®»§ô Ы¾´·½ ɱ®µ­ Û¨»½«¬·ª» Ü·®»½¬±®   ø¬¸·­ °¿¹» ·²¬»²¬·±²¿´´§ ´»º¬ ¾´¿²µ÷ Ú×ÒßÒÝ×ßÔ ÍÛÝÌ×ÑÒ óîø÷ì÷îø÷îèûçøóèíêªéê÷ìíêè INDEPENDENT AUDITORS’ REPORT To the Honorable Mayor and Members of the City Council City of Eugene, Oregon We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of City of Eugene, Oregon (City) as of and for the year ended June 30, 2008, which collectively comprise the City’s basic financial statements as listed in the table of contents. These financial statements are the responsibility of the City’s management. Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and the significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinions. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business- type activities, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2008, and the respective changes in financial position, and cash flows, where applicable, thereof for the year then ended in conformity with accounting principles generally accepted in the United States of America. In accordance with Government Auditing Standards, we have also issued our report dated November 14, 2008, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and is important for assessing the results of our audit. ðÜÏÜÖØÐØÏÉjÊùÔÊÚÈÊÊÔÎÏÜÏÙüÏÜÑÄÊÔÊ Ì¸» ³¿²¿¹»³»²¬ ±º ¬¸» Ý·¬§ ±º Û«¹»²»ô Ñ®»¹±² øÝ·¬§÷ °®»­»²¬­ ¬¸·­ ²¿®®¿¬·ª» ±ª»®ª·»© ¿²¼ ¿²¿´§­·­ ¬± º¿½·´·¬¿¬» ¾±¬¸ ¿ ­¸±®¬ ¿²¼ ¿ ´±²¹ó¬»®³ ¿²¿´§­·­ ±º ¬¸» º·²¿²½·¿´ ¿½¬·ª·¬·»­ ±º ¬¸» Ý·¬§ º±® ¬¸» º·­½¿´ §»¿® »²¼»¼ Ö«²» íðô îððèò ̸·­ ðÜÏÜÖØÐØÏÉjÊùÔÊÚÈÊÊÔÎÏÜÏÙüÏÜÑÄÊÔÊðùüÔÊÛÜÊØÙÎÏÚÈËËØÏÉÑÄÒÏÎÆÏ×ÜÚÉÊÙØÚÔÊÔÎÏÊÜÏÙÚÎÏÙÔÉÔÎÏÊÉÕÜÉ ØÅÔÊÉØÙÜÊÎ×ÉÕØÙÜÉØÎ×ÉÕØÔÏÙØÍØÏÙØÏÉÜÈÙÔÉÎËjÊËØÍÎËÉüÙÙÔÉÔÎÏÜÑÔÏ×ÎËÐÜÉÔÎÏÎÈÉÊÔÙØÉÕØÊÚÎÍØÎ×ÉÕÔÊÜÏÜÑÄÊÔÊÚÜÏ ¾» º±«²¼ ·² ¬¸» Ô»¬¬»® ±º Ì®¿²­³·¬¬¿´ò Ú·²¿²½·¿´ Ø·¹¸´·¹¸¬­ éÕØúÔÉÄjÊÉÎÉÜÑÜÊÊØÉÊÜÉóÈÏØ  ÔÏÚËØÜÊØÙ ÐÔÑÑÔÎÏ×ËÎÐ ÐÔÑÑÔÎÏÉÎ ÐÔÑÑÔÎÏÎË  ×ËÎÐ ¬¸» °®·±® §»¿®ò ̸» °®·³¿®§ ½¿«­» º±® ¬¸» ·²½®»¿­» ·² ¬±¬¿´ ¿­­»¬­ ·­ ¬¸» ¿¼¼·¬·±² ±º üîëòì ³·´´·±² ±º ½¿°·¬¿´ ¿­­»¬­ ·² ¾±¬¸ ¬¸» ¹±ª»®²³»²¬¿´ ¿²¼ ¾«­·²»­­ó¬§°» ¿½¬·ª·¬§ ½±´«³²­ô ·²½´«¼·²¹ üëòè ·² º´»»¬ ª»¸·½´»­ô üëòì ³·´´·±² ·² ®±¿¼ ¿²¼ ±¬¸»® ·²º®¿­¬®«½¬«®» ·³°®±ª»³»²¬­ô ¿²¼ üëòï ³·´´·±² ·² ­¬±®³©¿¬»® ¿²¼ ©¿­¬»©¿¬»® ·³°®±ª»³»²¬­ò éÕØúÔÉÄjÊÉÎÉÜÑÑÔÜÛÔÑÔÉÔØÊÔÏÚËØÜÊØÙ  ÐÔÑÑÔÎÏ×ËÎÐ   ÐÔÑÑÔÎÏÉÎ   ÐÔÑÑÔÎÏéÕØÔÏÚËØÜÊØÆÜÊÑÜËÖØÑÄÙÈØ ¬± ¿ üëòî ³·´´·±² ¼®¿© ±² ¬¸» ¹»²»®¿´ ±¾´·¹¿¬·±² ®»ª±´ª·²¹ ½®»¼·¬ º¿½·´·¬§ò ̸» ²»¬ ¿­­»¬­ ±º ¬¸» Ý·¬§ ø¿­­»¬­ ´»­­ ´·¿¾·´·¬·»­÷ ¿¬ Ö«²» íðô îððè ·²½®»¿­»¼ üïèòð ³·´´·±² º®±³ üéîçòë ³·´´·±² ¬± üéìéòë ³·´´·±²ô ±® îòëû º®±³ ¬¸» °®·±® §»¿®ò ̱¬¿´ ²»¬ ¿­­»¬­ ±º üïïéòç ³·´´·±² ¿®» «²®»­¬®·½¬»¼ò üÉóÈÏØ  ÉÕØúÔÉÄjÊÖÎÇØËÏÐØÏÉÜÑ×ÈÏÙÊËØÍÎËÉØÙÚÎÐÛÔÏØÙØÏÙÔÏÖ×ÈÏÙÛÜÑÜÏÚØÊÎ×ÐÔÑÑÔÎÏÜ ¼»½®»¿­» ±º üïðòð ³·´´·±² ·² ½±³°¿®·­±² ¬± ¬¸» °®·±® §»¿®ò ß°°®±¨·³¿¬»´§ üèîòí ³·´´·±² ·­ «²®»­»®ª»¼ ¿²¼ ¿ª¿·´¿¾´» ×ÎËÊÍØÏÙÔÏÖÜÉÉÕØÖÎÇØËÏÐØÏÉjÊÙÔÊÚËØÉÔÎÏÊÈÛÓØÚÉÉÎËØÍÎËÉÔÏÖ×ÈÏÙÉÄÍØÑÔÐÔÉÜÉÔÎÏÊ éÕØöØÏØËÜÑ÷ÈÏÙjÊÈÏËØÊØËÇØÙ×ÈÏÙÛÜÑÜÏÚØÜÉÉÕØØÏÙÎ×ÉÕØÚÈËËØÏÉ×ÔÊÚÜÑÄØÜËÆÜÊ  ÐÔÑÑÔÎÏÎË  Î× Ù»²»®¿´ Ú«²¼ »¨°»²¼·¬«®»­ò Ѫ»®ª·»© ±º ¬¸» Ú·²¿²½·¿´ ͬ¿¬»³»²¬­ éÕØ×ÎÑÑÎÆÔÏÖÙÔÊÚÈÊÊÔÎÏÜÏÙÜÏÜÑÄÊÔÊÔÊÔÏÉØÏÙØÙÉÎÊØËÇØÜÊÜÏÔÏÉËÎÙÈÚÉÔÎÏÉÎÉÕØúÔÉÄjÊÛÜÊÔÚ×ÔÏÜÏÚÔÜÑÊÉÜÉØÐØÏÉÊÜÏÙ ÎÉÕØËËØÌÈÔËØÙÊÈÍÍÑØÐØÏÉÜËÄÔÏ×ÎËÐÜÉÔÎÏéÕØúÔÉÄjÊÛÜÊÔÚ×ÔÏÜÏÚÔÜÑÊÉÜÉØÐØÏÉÊÚÎÐÍËÔÊØÉÕËØØÚÎÐÍÎÏØÏÉÊ ïò Ù±ª»®²³»²¬ó©·¼» º·²¿²½·¿´ ­¬¿¬»³»²¬­ îò Ú«²¼ º·²¿²½·¿´ ­¬¿¬»³»²¬­ íò Ò±¬»­ ¬± ¬¸» ¾¿­·½ º·²¿²½·¿´ ­¬¿¬»³»²¬­ Ù±ª»®²³»²¬ó©·¼» º·²¿²½·¿´ ­¬¿¬»³»²¬­ò ̸» ¹±ª»®²³»²¬ó©·¼» º·²¿²½·¿´ ­¬¿¬»³»²¬­ ¿®» ¼»­·¹²»¼ ¬± °®±ª·¼» ®»¿¼»®­ ÆÔÉÕÜÛËÎÜÙÎÇØËÇÔØÆÎ×ÉÕØúÔÉÄjÊ×ÔÏÜÏÚØÊÔÏÜÐÜÏÏØËÊÔÐÔÑÜËÉÎÜÍËÔÇÜÉØÊØÚÉÎËÛÈÊÔÏØÊÊ éÕØêÉÜÉØÐØÏÉÎ×ïØÉüÊÊØÉÊÍËØÊØÏÉÊÔÏ×ÎËÐÜÉÔÎÏÎÏÜÑÑÎ×ÉÕØúÔÉÄjÊÜÊÊØÉÊÜÏÙÑÔÜÛÔÑÔÉÔØÊÆÔÉÕÉÕØÙÔ××ØËØÏÚØÛØÉÆØØÏ ¬¸» ¬©± ®»°±®¬»¼ ¿­ ²»¬ ¿­­»¬­ò Ѫ»® ¬·³»ô ·²½®»¿­»­ ±® ¼»½®»¿­»­ ·² ²»¬ ¿­­»¬­ ³¿§ ­»®ª» ¿­ ¿ «­»º«´ ·²¼·½¿¬±® ±º ©¸»¬¸»® ¬¸» º·²¿²½·¿´ °±­·¬·±² ±º ¬¸» Ý·¬§ ·­ ·³°®±ª·²¹ ±® ¼»¬»®·±®¿¬·²¹ò éÕØêÉÜÉØÐØÏÉÎ×üÚÉÔÇÔÉÔØÊÍËØÊØÏÉÊÔÏ×ÎËÐÜÉÔÎÏÊÕÎÆÔÏÖÕÎÆÉÕØúÔÉÄjÊÏØÉÜÊÊØÉÊÚÕÜÏÖØÙÙÈËÔÏÖÉÕØÐÎÊÉËØÚØÏÉ º·­½¿´ §»¿®ò ß´´ ½¸¿²¹»­ ·² ²»¬ ¿­­»¬­ ¿®» ®»°±®¬»¼ ¿­ ­±±² ¿­ ¬¸» «²¼»®´§·²¹ »ª»²¬ ¹·ª·²¹ ®·­» ¬± ¬¸» ½¸¿²¹» ±½½«®­ô ®»¹¿®¼´»­­ ±º ¬¸» ¬·³·²¹ ±º ®»´¿¬»¼ ½¿­¸ º´±©­ò ̸«­ô ®»ª»²«»­ ¿²¼ »¨°»²­»­ ¿®» ®»°±®¬»¼ ·² ¬¸·­ ­¬¿¬»³»²¬ º±® ­±³» ·¬»³­ ¬¸¿¬ ©·´´ ®»­«´¬ ·² ½¿­¸ º´±©­ ·² ¿ º«¬«®» º·­½¿´ °»®·±¼ò Û¨¿³°´»­ ±º ­«½¸ ·¬»³­ ·²½´«¼» »¿®²»¼ô ¾«¬ «²½±´´»½¬»¼ °®±°»®¬§ ¬¿¨»­ô ¿²¼ »¿®²»¼ô ¾«¬ «²«­»¼ ½±³°»²­¿¬»¼ ¿¾­»²½»­ò Þ±¬¸ ±º ¬¸» ¹±ª»®²³»²¬ó©·¼» º·²¿²½·¿´ ­¬¿¬»³»²¬­ ¼·­¬·²¹«·­¸ º«²½¬·±²­ ±º ¬¸» Ý·¬§ ¬¸¿¬ ¿®» °®·²½·°¿´´§ ­«°°±®¬»¼ ¾§ ¬¿¨»­ ¿²¼ ·²¬»®¹±ª»®²³»²¬¿´ ®»ª»²«»­ ø¹±ª»®²³»²¬¿´ ¿½¬·ª·¬·»­÷ º®±³ ±¬¸»® º«²½¬·±²­ ¬¸¿¬ ¿®» ·²¬»²¼»¼ ¬± ®»½±ª»® ¿´´ô ±® ¿ ­·¹²·º·½¿²¬ °±®¬·±² ±ºô ¬¸»·® ½±­¬­ ¬¸®±«¹¸ «­»® º»»­ ¿²¼ ½¸¿®¹»­ ø¾«­·²»­­ó¬§°» ¿½¬·ª·¬·»­÷ò ̸» ¹±ª»®²³»²¬¿´ ¿½¬·ª·¬·»­ ±º ¬¸» Ý·¬§ ·²½´«¼» ¬¸» º±´´±©·²¹æ Ý»²¬®¿´ ­»®ª·½»­ Ú·®» ¿²¼ »³»®¹»²½§ ³»¼·½¿´ ­»®ª·½»­ Ô·¾®¿®§ô ®»½®»¿¬·±²ô ¿²¼ ½«´¬«®¿´ ­»®ª·½»­ д¿²²·²¹ ¿²¼ ¼»ª»´±°³»²¬ б´·½» Ы¾´·½ ©±®µ­ The business-type activities of the City include the following: Ambulance transport Municipal airport Parking services Stormwater utility Wastewater utility The government-wide financial statements include not only the City itself (known as the primary government), but also a legally separate Urban Renewal Agency (URA) for which the City is financially accountable. Although legally separate, the URA’s governing body is identical to the City’s, and because the services of the URA are exclusively for the benefit of the City, it is included as an integral part of the primary government. The government-wide financial statements can be found at Exhibits 1 and 2 in the basic financial statements. Fund financial statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be divided into two categories: governmental funds and proprietary funds. Governmental funds. Governmental funds are used to account for activities where the emphasis is placed on available financial resources, rather than upon net income determination. Therefore, unlike the government-wide financial statements, governmental fund financial statements focus on the acquisition and use of current spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financial decisions. Both the governmental fund Balance Sheet and the governmental fund Statement of Revenues, Expenditures, and Changes in Fund Balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. These reconciliations can be found at Exhibits 3 and 5 in the basic financial statements. The City maintains 25 individual governmental funds. Information is presented separately in the governmental fund Balance Sheet and in the governmental fund Statement of Revenues, Expenditures, and Changes in Fund Balances for those funds that are considered significant (major) to the City taken as a whole. These financial statements report four major funds: General Fund, Community Development Special Revenue Fund, General Capital Projects Fund, and the Systems Development Capital Projects Fund. Data from the other 21 governmental funds are combined into a single, aggregated presentation. Summary fund data by fund-type for these nonmajor governmental funds is provided in the form of combining statements at B-1 and B-2 of this report. Individual fund data for each of these nonmajor governmental funds is provided as other supplementary information in the form of combining statements at C-1, C-2, D- 1, D-2, E-1, and E-2. The City adopts an annual appropriated budget for all governmental funds. To demonstrate compliance with the budget, budgetary comparison statements have been provided for the General Fund and the Community Development Fund as required supplementary information at A-1 and A-2. Budgetary comparisons for all other governmental funds have been provided as other supplementary information at C-3 through C-14, D-3 through D-7, and E-3 through E-8. The governmental fund financial statements can be found at Exhibits 3 and 4 in the basic financial statements. Proprietary funds. Proprietary funds are used to account for activities where the emphasis is placed on net income determination. The City maintains two different types of proprietary funds – enterprise funds and internal service funds. Enterprise funds are used to report the same functions presented as business-type activities in the governmental-wide financial statements. The City uses enterprise funds to account for its ambulance transport, municipal airport, parking services, stormwater utility, and wastewater utility operations. Internal service funds are an accounting device used to accumulate and allocate costs internally among the City’s various functions. The City uses internal service funds to account for engineering services, facilities services, fleet services, information systems and services, and risk and benefits management activities. Because internal service funds predominantly benefit governmental rather than business-type functions, their assets and liabilities have been included with the governmental activities in the government-wide financial statements. ̸» »²¬»®°®·­» º«²¼­ô ¿´´ ±º ©¸·½¸ ¿®» ½±²­·¼»®»¼ ¬± ¾» ³¿¶±® º«²¼­ ±º ¬¸» Ý·¬§ô ¿®» ®»°±®¬»¼ ­»°¿®¿¬»´§ ¿­ °®±°®·»¬¿®§ º«²¼ º·²¿²½·¿´ ­¬¿¬»³»²¬­ ·² ¬¸» ¾¿­·½ º·²¿²½·¿´ ­¬¿¬»³»²¬­ò ݱ²ª»®­»´§ô ¿´´ ·²¬»®²¿´ ­»®ª·½» º«²¼­ ¿®» ½±³¾·²»¼ ·²¬± ¿ ­·²¹´»ô ¿¹¹®»¹¿¬»¼ °®»­»²¬¿¬·±² ·² ¬¸» °®±°®·»¬¿®§ º«²¼ º·²¿²½·¿´ ­¬¿¬»³»²¬­ò ײ¼·ª·¼«¿´ º«²¼ ¼¿¬¿ º±® ¬¸» ·²¬»®²¿´ ­»®ª·½» º«²¼­ ·­ °®±ª·¼»¼ ¿­ ±¬¸»® ­«°°´»³»²¬¿®§ ·²º±®³¿¬·±² ·² ¬¸» º±®³ ±º ½±³¾·²·²¹ ­¬¿¬»³»²¬­ ¿¬ Ùóïô Ùóîô ¿²¼ Ùóíò ̸» Ý·¬§ ¿¼±°¬­ ¿² ¿²²«¿´ ¿°°®±°®·¿¬»¼ ¾«¼¹»¬ º±® ¿´´ °®±°®·»¬¿®§ º«²¼­ò ̱ ¼»³±²­¬®¿¬» ½±³°´·¿²½» ©·¬¸ ¬¸» ¾«¼¹»¬ô ¾«¼¹»¬¿®§ ½±³°¿®·­±² ­¬¿¬»³»²¬­ ¸¿ª» ¾»»² °®±ª·¼»¼ º±® ¬¸» »²¬»®°®·­» º«²¼­ ¿­ ±¬¸»® ­«°°´»³»²¬¿®§ ·²º±®³¿¬·±² ¿¬ Úó ï ¬¸±«¹¸ Úóëò Þ«¼¹»¬¿®§ ½±³°¿®·­±²­ º±® ¬¸» ·²¬»®²¿´ ­»®ª·½» º«²¼­ 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çéìðï ÞßÍ×Ý Ú×ÒßÒÝ×ßÔ ÍÌßÌÛÓÛÒÌÍ Exhibit 1 City of Eugene, Oregon Statement of Net Assets June 30, 2008 (amounts in dollars) GovernmentalBusiness-type ActivitiesActivitiesTotal Assets Current assets Equity in pooled cash and investments156,264,84027,769,093184,033,933 Receivables (net of allowance)22,335,0674,622,90726,957,974 Internal balances(7,226,584)7,226,5840 Due from other governments5,318,0141,179,8616,497,875 Inventories1,208,428711,0101,919,438 Prepaids and deposits1,047,99121,3591,069,350 Assets held for resale2,407,96702,407,967 Total current assets181,355,72341,530,814222,886,537 Noncurrent assets Loans and notes receivable0411,106411,106 Deferred charges1,319,17517,7071,336,882 Pension assets62,588,051062,588,051 Capital assets: Land and construction in progress79,047,58427,987,529107,035,113 Other capital assets (net of accumulated depreciation)309,436,678206,997,189516,433,867 Total noncurrent assets452,391,488235,413,531687,805,019 Total assets633,747,211276,944,345910,691,556 Liabilities Current liabilities Accounts payable2,942,4561,462,5294,404,985 Wages payable6,706,7711,347,5178,054,288 Compensated absences payable7,400,0691,520,4758,920,544 Due to other governments1,211,909212,5131,424,422 Claims payable9,450,51409,450,514 Deposits1,318,261765,1512,083,412 Notes and contracts payable339,5200339,520 Interest payable469,102160,498629,600 Unearned revenue3,337,4071,072,8864,410,293 Certificates of participation payable2,525,00002,525,000 Bonds payable3,382,238325,0003,707,238 Total current liabilities39,083,2476,866,56945,949,816 Noncurrent liabilities Compensated absences payable824,180134,568958,748 Rebatable arbitrage291,9020291,902 Notes and contracts payable174,3180174,318 General obligation bond and revolving credit facility4,980,00004,980,000 Certificates of participation payable4,840,00004,840,000 Bonds payable (net of unamortized discount/premium)96,788,3405,164,006101,952,346 Net OPEB obligation3,486,565606,4484,093,013 Total noncurrent liabilities111,385,3055,905,022117,290,327 Total liabilities150,468,55212,771,591163,240,143 Net assets Invested in capital assets (net of related debt)337,614,504229,495,712567,110,216 Restricted for: Capital projects18,685,9197,819,50826,505,427 Debt service1,479,4581,536,3863,015,844 Community development12,345,467012,345,467 Urban renewal14,159,758014,159,758 Other purposes6,387,33406,387,334 Unrestricted92,606,21925,321,148117,927,367 Total net assets483,278,659264,172,754747,451,413 The accompanying notes are an integral part of the financial statements. Exhibit 2 City of Eugene, Oregon Statement of Activities For the fiscal year ended June 30, 2008 (amounts in dollars) Net (Expense) Revenue and Program RevenuesChanges in Net Assets Fees, IndirectFines, andOperatingCapital DirectExpensesCharges forGrants andGrants andGovernmentalBusiness-type ExpensesAllocationServicesContributionsContributionsActivitiesActivitiesTotal Functions/Programs Governmental activities: Central services28,462,552(19,756,994)5,522,78833,2630(3,149,507)0(3,149,507) Fire and emergency medical services23,658,3893,938,7662,183,6261,192,6990(24,220,830)0(24,220,830) Library, recreation, and cultural services24,300,9723,117,6416,043,182694,0960(20,681,335)0(20,681,335) Planning and development19,939,7021,820,3638,822,4694,838,3082,095(8,097,193)0(8,097,193) Police40,510,7406,365,2813,600,4893,790,29953,000(39,432,233)0(39,432,233) Public works27,117,0501,960,4436,701,1527,556,7147,764,941(7,054,686)0(7,054,686) Interest on long term debt6,635,9660000(6,635,966)0(6,635,966) Total governmental activities170,625,371(2,554,500)32,873,70618,105,3797,820,036(109,271,750)0(109,271,750) Business-type activities: Ambulance transport5,569,282402,0006,198,183000226,901226,901 Municipal airport9,546,114364,0007,930,5881,005,2297,726,57406,752,2776,752,277 Parking services4,058,063191,5004,686,222000436,659436,659 Stormwater utility10,708,132564,00011,903,1930785,61601,416,6771,416,677 Wastewater utility18,936,1221,033,00017,844,4200774,3310(1,350,371)(1,350,371) Total business-type activities48,817,7132,554,50048,562,6061,005,2299,286,52107,482,1437,482,143 Total activities219,443,084081,436,31219,110,60817,106,557(109,271,750)7,482,143(101,789,607) General revenues: Property taxes83,958,978083,958,978 Transient room tax1,772,96801,772,968 Local motor vehicle fuel tax3,083,60503,083,605 Contributions in lieu of taxes11,446,537011,446,537 Franchise fees on telecom providers revenues8,870,28508,870,285 Grants and contributions not restricted to specific programs3,308,74203,308,742 Unrestricted investment earnings6,221,9001,035,2047,257,104 Transfers3,230,406(3,230,406)0 Total general revenues and transfers121,893,421(2,195,202)119,698,219 Change in net assets12,621,6715,286,94117,908,612 Net assets, July 1, 2007, as restated (Note 5H)470,656,988258,885,813729,542,801 Net assets, June 30, 2008483,278,659264,172,754747,451,413 The accompanying notes are an integral part of the financial statements. Exhibit 3 City of Eugene, Oregon Balance Sheet Governmental Funds June 30, 2008 (amounts in dollars) Systems GeneralDevelopmentOtherTotal CommunityCapitalCapitalGovernmentalGovernmental GeneralDevelopmentProjectsProjectsFundsFunds Assets Equity in pooled cash and investments33,643,8071,830,9476,744,06210,502,15535,975,52888,696,499 Receivables: Interest825,75349,83300136,3041,011,890 Taxes4,057,082000679,6494,736,731 Accounts2,682,15124,03198805,486729,3334,241,099 Assessments00001,093,0231,093,023 Loans and notes010,822,26548,45913,551554,77611,439,051 Allowance for uncollectibles(687)000(449)(1,136) Due from other governments3,123,595237,910021,7571,838,1965,221,458 Inventories0000904,922904,922 Prepaids and deposits441,01100058,247499,258 Assets held for resale00002,407,9672,407,967 Total assets44,772,71212,964,9866,792,61911,342,94944,377,496120,250,762 Liabilities and fund balances Liabilities Accounts payable588,59472,155180,4033,9501,673,3332,518,435 Wages payable5,113,66033,968018,643740,2955,906,566 Due to other governments619,50432,59533,408127,000371,3141,183,821 Deposits512,493000680,8381,193,331 Deferred revenue7,491,83610,792,19751,002790,4343,569,23322,694,702 Total liabilities14,326,08710,930,915264,813940,0277,035,01333,496,855 Fund balances Reserved for prepaid expenditures441,01100058,247499,258 Reserved for debt service0000627,668627,668 Reserved for inventories0000904,922904,922 Reserved for assets held for resale00002,407,9672,407,967 Unreserved30,005,6142,034,0716,527,80610,402,922048,970,413 Unreserved, reported in nonmajor: Special revenue funds000023,904,39023,904,390 Debt service funds00006,394,5156,394,515 Capital project funds00003,044,7743,044,774 Total fund balances30,446,6252,034,0716,527,80610,402,92237,342,48386,753,907 Total liabilities and fund balances44,772,71212,964,9866,792,61911,342,94944,377,496 Reconciliation to the Statement of Net Assets: The Statement of Net Assets reports receivables at their net realizable value. However, receivables not available to pay for current-period expenditures are deferred in governmental funds.18,724,909 Capital assets are not financial resources in governmental funds, but are reported in the Statement of Net Assets at their net depreciable value.364,749,916 All liabilities are reported in the Statement of Net Assets. However, if they are not due and payable in the current period, they are not recorded in governmental funds.(56,566,318) Internal service funds are proprietary funds and not reported with governmental funds. However, because internal service funds primarily benefit governmental activities, their assets, liabilities, and net assets are reported along with governmental activities in the Statement of Net Assets.69,616,245 Net assets of governmental activities483,278,659 The accompanying notes are an integral part of the financial statements. Exhibit 4 City of Eugene, Oregon Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds For the fiscal year ended June 30, 2008 (amounts in dollars) Systems GeneralDevelopmentOtherTotal CommunityCapitalCapitalGovernmentalGovernmental GeneralDevelopmentProjectsProjectsFundsFunds Revenues Taxes84,020,25900015,850,36599,870,624 Licenses and permits6,320,5010006,328,91812,649,419 Intergovernmental7,672,4033,574,584518,832165,6008,390,09020,321,509 Rental income113,49310023,03529,403148,303314,334 Charges for services11,498,1414,75204,580,6023,520,10319,603,598 Fines and forfeits3,349,61600096,9193,446,535 Special assessments00001,254,1871,254,187 Repayment of revolving loans01,348,5610042,9921,391,553 Miscellaneous2,282,371617,019347,945622,1652,526,3316,395,831 Total revenues115,256,7845,545,016889,8125,397,77038,158,208165,247,590 Expenditures Current - departmental: Central services17,101,19769,00010,342128,2283,049,06820,357,835 Fire and emergency medical services23,133,103000315,98723,449,090 Library, recreation, and cultural services20,519,5160004,224,94124,744,457 Planning and development7,078,7145,411,2340112,1356,464,38519,066,468 Police40,722,7940002,139,24342,862,037 Public works5,934,98100273,0698,932,07615,140,126 Debt service: Principal210,00000327,7166,634,8917,172,607 Interest49,3950030,5401,933,2642,013,199 Arbitrage fee00001,8131,813 Issuance costs002,80603,2006,006 Capital outlay0236,25710,319,7848,032,53310,373,97428,962,548 Intergovernmental00019,46870,37989,847 Total expenditures114,749,7005,716,49110,332,9328,923,68944,143,221183,866,033 Excess (deficiency) of revenues over expenditures507,084(171,475)(9,443,120)(3,525,919)(5,985,013)(18,618,443) Other financing sources (uses) Proceeds of debt issuance005,200,000005,200,000 Transfers in3,349,387640,0003,858,30005,296,98113,144,668 Transfers out(4,570,400)0(67,000)0(6,569,154)(11,206,554) Total other financing sources (uses)(1,221,013)640,0008,991,3000(1,272,173)7,138,114 Net change in fund balances(713,929)468,525(451,820)(3,525,919)(7,257,186)(11,480,329) Fund balances, July 1, 200731,160,5541,565,5465,554,62613,928,84144,599,66996,809,236 Prior period adjustment (Note 5H)001,425,000001,425,000 Fund balances, July 1, 2007, as restated31,160,5541,565,5466,979,62613,928,84144,599,66998,234,236 Fund balances, June 30, 200830,446,6252,034,0716,527,80610,402,92237,342,48386,753,907 The accompanying notes are an integral part of the financial statements. Exhibit 5 City of Eugene, Oregon Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities For the fiscal year ended June 30, 2008 (amounts in dollars) Net change in fund balances - total governmental funds(11,480,329) Amounts reported for governmental activities in the statement of activities are different because: Governmental funds defer revenues that do not provide current financial resources. However, the Statement of Activities recognizes such revenues at their net realizable value when earned, regardless of when received.1,189,747 Donations of capital assets are reported as capital contributions in the Statement of Activities, but do not appear in the governmental funds because they are not financial resources. In addition, the Statement of Activities reports gains and losses arising from the disposal of existing capital assets, while governmental funds do not.2,393,581 Governmental funds do not report expenditures for unpaid compensated absences, interest expense, or arbitrage since they do not require the use of current financial resources. However, the Statement of Activities reports such expenses when incurred, regardless of when settlement ultimately occurs.(1,422,313) Capital outlays are reported as expenditures in governmental funds. However, the Statement of Activities allocates the cost of capital outlays over their estimated useful lives as depreciation expense.15,939,839 Proceeds from the issuance of long-term debt provide current financial resources to governmental funds and are reported as revenues. In the same way, repayments of long-term debt use current financial resources and are reported as expenditures in governmental funds. However, neither the receipt of debt proceeds nor the payment of debt principal affect the Statement of Activities, but are reported as increases and decreases in noncurrent liabilities in the Statement of Net Assets.1,972,606 Transfers of capital assets are often made between proprietary funds and governmental funds when the use of an asset changes. Transfers of liabilities are sometimes made between proprietary funds and governmental funds when the fund responsible for repayment changes. Such transfers will provide or use economic resources in proprietary funds, but may not necessarily provide or use spendable financial resources in governmental funds.(2,796,057) Internal service funds are used by management to charge the costs of certain activities, such as insurance, facilities, and fleet services to individual funds. The net revenue (expense) of certain internal service funds is reported with governmental activities.6,824,597 Change in net assets of governmental activities12,621,671 The accompanying notes are an integral part of the financial statements. ø¬¸·­ °¿¹» ·²¬»²¬·±²¿´´§ ´»º¬ ¾´¿²µ÷ Exhibit 7 City of Eugene, Oregon Statement of Revenues Exenses and Chanes in Fund Net Assets ,p,g Proprietary Funds For the fiscal year ended June 30, 2008 (amounts in dollars) Business-type Activities Governmental Enterprise Funds Activities Total AmbulanceMunicipalParkingStormwaterWastewaterInternal Service TransportAirportServicesUtilityUtilityTotalsFunds Operating revenues Licenses and permits000115,0580115,05810,581 Intergovernmental01,005,2290001,005,229123,358 Rental income03,239,190660,64129,81117,6153,947,257671,610 Charges for services6,114,8534,635,0923,076,09311,727,97917,711,93443,265,95155,922,381 Fines and forfeits012,031949,4881,2001,475964,1940 Miscellaneous83,33044,275029,145113,395270,145317,914 Total operating revenues6,198,1838,935,8174,686,22211,903,19317,844,41949,567,83457,045,844 Operating expenses Personnel services4,387,3183,384,5831,253,5335,850,1429,775,75724,651,33315,864,882 Contractual services112,035767,439601,5671,615,3621,208,7034,305,1063,642,349 Materials and supplies527,834613,68262,946591,9161,743,0663,539,4444,343,409 Maintenance566,184288,9571,001,1121,445,6191,730,5975,032,4691,695,291 Utilities13,804362,95421,09959,983869,6721,327,5123,237,501 Rent118258,86739,79948,72560,633408,142461,524 Taxes0060,3810060,38111,226 Insurance14,89992,72840,64326,48161,750236,5012,166,564 Claims00000016,018,314 Central business functions402,000364,000191,500564,0001,033,0002,554,5001,938,000 Depreciation66,3113,877,457775,3991,178,7873,727,9979,625,9512,892,871 Total operating expenses6,090,50310,010,6674,047,97911,381,01520,211,17551,741,33952,271,931 Operating income (loss)107,680(1,074,850)638,243522,178(2,366,756)(2,173,505)4,773,913 Nonoperating revenues (expenses) Interest revenue22,016368,287111,881357,884175,1361,035,2043,300,992 Interest expense0(37,630)(388,358)00(425,988)(4,554,174) Loss on sale of capital asset000000(3,697) Amortization of issuance costs0(3,781)(3,348)00(7,129)(41,073) Total nonoperating revenues (expenses)22,016326,876(279,825)357,884175,136602,087(1,297,952) Income (loss) before capital contributions and transfers129,696(747,974)358,418880,062(2,191,620)(1,571,418)3,475,961 Capital contributions07,726,57401,042,4643,001,06011,770,098466,975 Transfers in007,500007,5004,719,537 Transfers out(1,480,737)(235,819)(3,924,214)(33,471)(47,242)(5,721,483)(1,035,633) Change in net assets(1,351,041)6,742,781(3,558,296)1,889,055762,1984,484,6977,626,840 Total net assets, July 1, 20073,012,50577,058,88621,030,39250,303,576101,830,66169,215,989 Prior period adjustment (Note 5H)0000(774,547)0 Total net assets, July 1, 2007, as restated3,012,50577,058,88621,030,39250,303,576101,056,11469,215,989 Total net assets, June 30, 20081,661,46483,801,66717,472,09652,192,631101,818,31276,842,829 Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds.802,244 Change in net assets of business-type activities5,286,941 The accompanying notes are an integral part of the financial statements. 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몱´ª·²¹ Ý®»¼·¬ Ú¿½·´·¬§ô ©¸·½¸ ©¿­ ®»½±®¼»¼ ¿­ ¿ ­¸±®¬ó¬»®³ ´·¿¾·´·¬§ ©·¬¸·² ¬¸» Ù»²»®¿´ Ý¿°·¬¿´ Ю±¶»½¬­ Ú«²¼ò ر©»ª»®ô ¬¸» Ù»²»®¿´ Ѿ´·¹¿¬·±² Þ±²¼ ¿²¼ 몱´ª·²¹ Ý®»¼·¬ Ú¿½·´·¬§ ¸¿­ ¿ ³¿¬«®·¬§ ¼¿¬» ±º Ö«²» ïô îðïîò Þ»½¿«­» ±º ·¬­ ´±²¹ó¬»®³ ²¿¬«®»ô ¬¸·­ ¼»¾¬ ·²­¬®«³»²¬ ¸¿­ ¾»»² ®»½´¿­­·º·»¼ ¿­ ¿ ´±²¹ó¬»®³ ´·¿¾·´·¬§ ·² ¬¸» Ù±ª»®²³»²¬¿´ ß½¬·ª·¬·»­ ½±´«³² ±º ¬¸» ͬ¿¬»³»²¬ ±º Ò»¬ ß­­»¬­ ¿²¼ »´·³·²¿¬»¼ º®±³ ¬¸» º«²¼ º·²¿²½·¿´ ­¬¿¬»³»²¬­ò ̸» °®·±® °»®·±¼ ¿¼¶«­¬³»²¬ ·²½®»¿­»¼ ¬¸» Ö«´§ ïô îððé º«²¼ ¾¿´¿²½» ±º ¬¸» Ù»²»®¿´ Ý¿°·¬¿´ Ю±¶»½¬­ Ú«²¼ ¾§ üïôìîëôðððò ܱ²¿¬»¼ ¿­­»¬æ ײ º·­½¿´ §»¿® îððéô ¬¸» Ý·¬§ ¼·¼ ²±¬ ®»½±®¼ ¿ ´¿²¼ ¼±²¿¬·±² ¬± ÓÉÓÝò ̸·­ ¼±²¿¬·±² ·­ ®»°±®¬»¼ ¿­ ¿ °®·±® °»®·±¼ ¿¼¶«­¬³»²¬ô ¼»½®»¿­·²¹ ¬¸» Ö«´§ ïô îððé º«²¼ ¾¿´¿²½» ±º ¬¸» É¿­¬»©¿¬»® ˬ·´·¬§ Ú«²¼ ¾§ üééìôëìéò  ÎÛÏË×ÎÛÜ ÍËÐÐÔÛÓÛÒÌßÎÇ ×ÒÚÑÎÓßÌ×ÑÒ City of Eugene, OregonA-1 General Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) BudgetActual BudgetGAAP OriginalFinalbasisAdjustmentbasis Revenues Taxes85,529,72185,529,72184,020,259084,020,259 Licenses and permits7,019,1007,019,1006,320,50106,320,501 Intergovernmental4,586,0348,731,1857,672,40307,672,403 Rental income92,74092,740113,4930113,493 Charges for services11,468,87712,165,16212,343,536(845,395)11,498,141 Fines and forfeits3,682,7503,682,7503,349,61603,349,616 Miscellaneous2,288,3562,288,3562,193,35689,0152,282,371 Total revenues114,667,578119,509,014116,013,164(756,380)115,256,784 Expenditures Current - departmental: Central services23,376,81824,149,66023,059,476(5,958,279)17,101,197 Fire and emergency medical services22,546,01323,582,30723,133,103023,133,103 Library, recreation, and cultural services21,216,14621,492,62220,529,901(10,385)20,519,516 Planning and development7,429,8508,690,7327,538,293(459,579)7,078,714 Police39,484,68243,127,93940,722,794040,722,794 Public works5,900,2506,276,9985,934,98105,934,981 Debt service263,000263,000259,3950259,395 Intergovernmental650,000650,000383,816(383,816)0 Total expenditures120,866,759128,233,258121,561,759(6,812,059)114,749,700 Excess (deficiency) of revenues over expenditures(6,199,181)(8,724,244)(5,548,595)6,055,679507,084 Other financing sources (uses) Transfers in9,337,6269,337,6269,261,887(5,912,500)3,349,387 Transfers out(3,637,900)(4,585,400)(4,585,400)15,000(4,570,400) Total other financing sources (uses)5,699,7264,752,2264,676,487(5,897,500)(1,221,013) Net change in fund balance(499,455)(3,972,018)(872,108)158,179(713,929) Fund balance, July 1, 200731,735,98230,811,22630,811,226349,32831,160,554 Fund balance, June 30, 200831,236,52726,839,20829,939,118507,50730,446,625 City of Eugene, OregonA-2 Community Development Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) BudgetActual BudgetGAAP OriginalFinalbasisAdjustmentbasis Revenues Intergovernmental3,576,0006,615,5074,214,584(640,000)3,574,584 Charges for services18,84018,8404,75204,752 Rental income001000100 Repayment of revolving loans0001,348,5611,348,561 Miscellaneous913,500913,500614,4772,542617,019 Total revenues4,508,3407,547,8474,833,913711,1035,545,016 Expenditures Current - departmental: Central services4,0004,0002,00067,00069,000 Planning and development3,215,8024,279,7513,221,7142,189,5205,411,234 Capital outlay389,329400,000236,2570236,257 Loans granted3,475,3164,278,1142,189,520(2,189,520)0 Intergovernmental03,422,000000 Total expenditures7,084,44712,383,8655,649,49167,0005,716,491 Excess (deficiency) of revenues over expenditures(2,576,107)(4,836,018)(815,578)644,103(171,475) Other financing sources (uses) Principal payments received1,706,0001,206,0001,348,561(1,348,561)0 Proceeds from notes issued02,731,000000 Transfers in000640,000640,000 Transfers out(67,000)(67,000)(67,000)67,0000 Total other financing sources (uses)1,639,0003,870,0001,281,561(641,561)640,000 Net change in fund balance(937,107)(966,018)465,9832,542468,525 Fund balance, July 1, 2007937,1071,566,0181,566,018(472)1,565,546 Fund balance, June 30, 20080600,0002,032,0012,0702,034,071 Ý×ÌÇ ÑÚ ÛËÙÛÒÛô ÑÎÛÙÑÒ Ò±¬»­ ¬± λ¯«·®»¼ Í«°°´»³»²¬¿®§ ײº±®³¿¬·±² Ö«²» íðô îððè øï÷ êÚÕØÙÈÑØÎ×÷ÈÏÙÔÏÖíËÎÖËØÊÊoîËØÖÎÏíøëê îËØÖÎÏíÈÛÑÔÚøÐÍÑÎÄØØëØÉÔËØÐØÏÉêÄÊÉØÐjÊÊÚÕØÙÈÑØÎ××ÈÏÙÔÏÖÍËÎÖËØÊÊ×ÎËÉÕØúÔÉÄÎ×øÈÖØÏØ ˲º«²¼»¼ ˲º«²¼»¼ ¿½¬«¿®·¿´ ß½¬«¿®·¿´ ß½¬«¿®·¿´ ß½¬«¿®·¿´ ¿½¬«¿®·¿´ ¿½½®«»¼ ´·¿¾·´·¬§ ª¿´«¿¬·±² ª¿´«» ±º ¿½½®«»¼ ¿½½®«»¼ Ú«²¼»¼ ݱª»®»¼ ¿­ ¿ °»®½»²¬¿¹» ¿­­»¬­ ´·¿¾·´·¬§ ´·¿¾·´·¬§®¿¬·± °¿§®±´´ ±º ½±ª»®»¼ °¿§®±´´ ¼¿¬»  ïîñíïñðí ü ìéðôðíçôéìë ëðêôðéíôìïî íêôðííôêêé çíû éðôðïêôîðï ëïû ïîñíïñðë ëéçôèïêôðèî ëéïôðíïôîêí øèôéèìôèïç÷ ïðîû éëôêðìôíêð óïîû ïîñíïñðé êèðôèìêôéïé êïîôëëìôêðê øêèôîçîôïïï÷ ïïïû èëôëêíôìéë óèðû øî÷ êÚÕØÙÈÑØÎ×÷ÈÏÙÔÏÖíËÎÖËØÊÊoîíøû Ѭ¸»® б­¬ Û³°´±§³»²¬ Þ»²»º·¬­ ­½¸»¼«´» ±º º«²¼·²¹ °®±¹®»­­æ ˲º«²¼»¼ ˲º«²¼»¼ ¿½¬«¿®·¿´ ß½¬«¿®·¿´ ß½¬«¿®·¿´ ß½¬«¿®·¿´ ¿½¬«¿®·¿´ ¿½½®«»¼ ´·¿¾·´·¬§ ª¿´«¿¬·±² ª¿´«» ±º ¿½½®«»¼ ¿½½®«»¼ Ú«²¼»¼ ݱª»®»¼ ¿­ ¿ °»®½»²¬¿¹» ¼¿¬» ¿­­»¬­ ´·¿¾·´·¬§ ´·¿¾·´·¬§®¿¬·± °¿§®±´´±º ½±ª»®»¼ °¿§®±´´  ðêñíðñðé ü ð îîôèëìôîîë îîôèëìôîîë ðû éëôðéëôëðð íðû éÕØúÔÉÄjÊÎÉÕØËÍÎÊÉØÐÍÑÎÄÐØÏÉÛØÏØ×ÔÉÊÔÏÚÑÈÙØËØÉÔËØØÕØÜÑÉÕÚÜËØÜÏÙÆÜÔÇØËÎ×ÑÔ×ØÔÏÊÈËÜÏÚØÍËØÐÔÈÐÊ×ÎË ¼·­¿¾´»¼ »³°´±§»»­ò ̸» ¿½¬«¿®·¿´ ½±­¬ ³»¬¸±¼ º±® ®»¬·®»» ¸»¿´¬¸½¿®» ¾»²»º·¬­ ·­ »²¬®§ ¿¹» ²±®³¿´å ¬¸» ½±­¬ ³»¬¸±¼ º±® ©¿·ª»® ±º ´·º» ·²­«®¿²½» °®»³·«³­ º±® ¼·­¿¾´»¼ »³°´±§»»­ ·­ °®±¶»½¬»¼ «²·¬ ½±­¬ò Ý×ÌÇ ÑÚ ÛËÙÛÒÛô ÑÎÛÙÑÒ Ò±¬»­ ¬± λ¯«·®»¼ Í«°°´»³»²¬¿®§ ײº±®³¿¬·±² øí÷ Þ«¼¹»¬ ¬± ÙßßРλ½±²½·´·¿¬·±²  Í»½¬·±²­ ±º Ñ®»¹±² λª·­»¼ ͬ¿¬«¬»­ øÑ®»¹±² Þ«¼¹»¬ Ô¿©÷ ®»¯«·®» ³±­¬ ¬®¿²­¿½¬·±²­ ¾» ¾«¼¹»¬»¼ ±² ¬¸» ³±¼·º·»¼ ¿½½®«¿´ ¾¿­·­ ±º ¿½½±«²¬·²¹ò ر©»ª»®ô ¬¸»®» ¿®» ½»®¬¿·² ¬®¿²­¿½¬·±²­ ©¸»®» ­¬¿¬«¬±®§ ¾«¼¹»¬ ®»¯«·®»³»²¬­ ½±²º´·½¬ ©·¬¸ ¹»²»®¿´´§ ¿½½»°¬»¼ ¿½½±«²¬·²¹ °®·²½·°´»­ øÙßßÐ÷ò ̸» º±´´±©·²¹ ¼·­½«­­»­ ¬¸» ¼·ºº»®»²½»­ ¾»¬©»»² ¬¸» ¾«¼¹»¬ ¾¿­·­ ¿²¼ ÙßßÐ ¾¿­·­ ±º ¿½½±«²¬·²¹ º±® ¬¸» Ù»²»®¿´ Ú«²¼ ¿²¼ ¬¸» ݱ³³«²·¬§ Ü»ª»´±°³»²¬ Ú«²¼ò ݱ³³«²·¬§ Ü»ª»´±°³»²¬ Ù»²»®¿´  Ò»¬ ½¸¿²¹» ·² º«²¼ ¾¿´¿²½» ó ¾«¼¹»¬ ¾¿­·­ ü øèéîôïðè÷ ìêëôçèí Þ«¼¹»¬ ®»­±«®½»­ ²±¬ ¯«¿´·º§·²¹ ¿­ ®»ª»²«»­ ±® ±¬¸»® º·²¿²½·²¹ ­±«®½»­ «²¼»® ÙßßÐæ ײ¼·®»½¬ ¿²¼ ±¬¸»® ½±­¬ ®»·³¾«®­»³»²¬­ ®»½»·ª»¼ ¿®» ®»°±®¬»¼ ¿­ ®»ª»²«»­ ±® ±¬¸»® º·²¿²½·²¹ ­±«®½»­ ±² ¿ ¾«¼¹»¬ ¾¿­·­ò Í«½¸ ®»½»·°¬­ ¿®» ®»½´¿­­·º·»¼ ¿­ ¿ ®»¼«½¬·±² ±º »¨°»²¼·¬«®»­ ±² ¿ øêôéëéôèçë÷ ÙßßÐ ¾¿­·­ò ð ø÷ 못²«»­ ¿²¼ ±¬¸»® º·²¿²½·²¹ ­±«®½»­ ®»¯«·®»¼ ¾§ ÙßßÐ ²±¬ ¯«¿´·º§·²¹ ¿­ ¾«¼¹»¬ ®»­±«®½»­æ ß¼¶«­¬³»²¬ º±® º¿·® ª¿´«» ±º ·²ª»­¬³»²¬­ ¿¬ §»¿® »²¼ ·­ ®»°±®¬»¼ ¿­ ³·­½»´´¿²»±«­ ®»ª»²«» ±² ¿ ÙßßÐ ¾¿­·­ò Í«½¸ ®»ª»²«»­ ¿®» ²±¬ ®»º´»½¬»¼ ±² ¿ Þ«¼¹»¬ ¾¿­·­ò èçôðïë îôëìî Þ«¼¹»¬ »¨°»²¼·¬«®»­ ²±¬ ¯«¿´·º§·²¹ ¿­ »¨°»²¼·¬«®»­ ±® ±¬¸»® º·²¿²½·²¹ «­»­ «²¼»® ÙßßÐæ ײ¼·®»½¬ ¿²¼ ±¬¸»® ½±­¬­ ®»·³¾«®­»¼ ¿®» ®»°±®¬»¼ ¿­ »¨°»²¼·¬«®»­ ±² ¿ ¾«¼¹»¬ ¾¿­·­ò Í«½¸ ¼·­¾«®­»³»²¬­ ¿®» ®»½´¿­­·º·»¼ ¿­ ¿ ®»¼«½¬·±² ±º ®»ª»²«»­ ¿²¼ ±¬¸»® º·²¿²½·²¹ ­±«®½»­ ±² ¿ ÙßßÐ ¾¿­·­ò êôéëéôèçë ð Ю»°¿·¼ »¨°»²­»­ ¿®» ®»½±®¼»¼ ·² ¬¸» §»¿® °¿·¼ ±² ¿ ¾«¼¹»¬ ¾¿­·­ò ر©»ª»®ô ­«½¸ »¨°»²­»­ ¿®» ³¿¬½¸»¼ ¬± ¬¸» ¿½½±«²¬·²¹ °»®·±¼ ¾»²»º·¬»¼ «²¼»® ÙßßÐò êçôïêì ð Ò»¬ ½¸¿²¹» ·² º«²¼ ¾¿´¿²½» ó ÙßßÐ ¾¿­·­ò ü øéïíôçîç÷ ìêèôëîë Ю·²½·°´» °¿§³»²¬­ ®»½»·ª»¼ ±º üïôíìèôëêï ¿²¼ ´±¿²­ ¹®¿²¬»¼ ±º üîôïèçôëîð ¿®» ®»°±®¬»¼ ·² ¬¸» ݱ³³«²·¬§ Ü»ª»´±°³»²¬ Ú«²¼ ¿­ ±¬¸»® º·²¿²½·²¹ ­±«®½»­ ¿²¼ ²±²ó¼»°¿®¬³»²¬¿´ »¨°»²¼·¬«®»­ô ®»­°»½¬·ª»´§ò Í«½¸ ¿³±«²¬­ ¸¿ª» ¾»»² ®»½´¿­­·º·»¼ ¿­ ®»ª»²«»­ ¿²¼ ¼»°¿®¬³»²¬¿´ »¨°»²¼·¬«®»­ ±² ¿ ÙßßÐ ¾¿­·­ò ײ ¿¼¼·¬·±²ô ·²¼·®»½¬ ½±­¬ ®»·³¾«®­»³»²¬­ ¿®» ®»½´¿­­·º·»¼ º®±³ ¬®¿²­º»®­ ¬± ¼»°¿®¬³»²¬¿´ ¿¼³·²·­¬®¿¬·ª» »¨°»²¼·¬«®»­ ±² ¿ ÙßßÐ ¾¿­·­ò Í«½¸ ®»½´¿­­·º·½¿¬·±²­ ¿®» ²±¬ ·²½´«¼»¼ ·² ¬¸» ¿¾±ª» ­½¸»¼«´»ò ÑÌØÛÎ ÍËÐÐÔÛÓÛÒÌßÎÇ ×ÒÚÑÎÓßÌ×ÑÒ îíîïûòíêõíæ÷êîï÷îèûðöçîøé ùíïúóîóîõéèûè÷ï÷îèé City of Eugene, OregonB-1 Combining Balance Sheet Nonmajor Governmental Funds June 30, 2008 (amounts in dollars) Total SpecialDebtCapitalOther RevenueServiceProjectsGovernmental FundsFundsFundsFunds Assets Equity in pooled cash and investments25,644,9606,947,7593,382,80935,975,528 Receivables: Interest40,99795,3070136,304 Taxes204,110475,5390679,649 Accounts729,33300729,333 Assessments155,898709,273227,8521,093,023 Loans and notes498,871055,905554,776 Allowance for uncollectibles(449)00(449) Due from other governments1,362,78158,858416,5571,838,196 Inventories904,92200904,922 Prepaids and deposits58,2470058,247 Assets held for resale538,9291,5411,867,4972,407,967 Total assets30,138,5998,288,2775,950,62044,377,496 Liabilities and fund balances Liabilities Accounts payable1,614,521058,8121,673,333 Wages payable740,29500740,295 Due to other governments371,31400371,314 Deposits1,3240679,514680,838 Deferred revenue2,004,6571,264,553300,0233,569,233 Total liabilities4,732,1111,264,5531,038,3497,035,013 Fund balances Reserved for prepaid expenditures58,2470058,247 Reserved for debt service0627,6680627,668 Reserved for inventories904,92200904,922 Reserved for assets held for resale538,9291,5411,867,4972,407,967 Unreserved23,904,3906,394,5153,044,77433,343,679 Total fund balances25,406,4887,023,7244,912,27137,342,483 Total liabilities and fund balances30,138,5998,288,2775,950,62044,377,496 City of Eugene, OregonB-2 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds For the fiscal year ended June 30, 2008 (amounts in dollars) Total SpecialDebtCapitalOther RevenueServiceProjectsGovernmental FundsFundsFundsFunds Revenues Taxes6,398,5809,451,785015,850,365 Licenses and permits6,328,918006,328,918 Intergovernmental7,910,4130479,6778,390,090 Rental income107,652040,651148,303 Charges for services3,449,541070,5623,520,103 Fines and forfeits96,9190096,919 Special assessments29,531192,7651,031,8911,254,187 Repayment of revolving loans42,9920042,992 Miscellaneous1,862,464539,770124,0972,526,331 Total revenues26,227,01010,184,3201,746,87838,158,208 Expenditures Current - departmental: Central services3,049,068003,049,068 Fire and emergency medical services315,98700315,987 Library, recreation, and cultural services4,224,941004,224,941 Planning and development6,464,385006,464,385 Police2,139,243002,139,243 Public works8,932,076008,932,076 Debt service: Principal1,2256,622,94610,7206,634,891 Interest8531,916,27016,1411,933,264 Arbitrage fee01,81301,813 Issuance costs03,20003,200 Capital outlay6,235,29004,138,68410,373,974 Intergovernmental70,3790070,379 Total expenditures31,433,4478,544,2294,165,54544,143,221 Excess (deficiency) of revenues over expenditures(5,206,437)1,640,091(2,418,667)(5,985,013) Other financing sources (uses) Transfers in1,675,0482,379,9331,242,0005,296,981 Transfers out(1,773,287)(4,785,740)(10,127)(6,569,154) Total other financing sources (uses)(98,239)(2,405,807)1,231,873(1,272,173) Net change in fund balances(5,304,676)(765,716)(1,186,794)(7,257,186) Fund balances, July 1, 200730,711,1647,789,4406,099,06544,599,669 Fund balances, June 30, 200825,406,4887,023,7244,912,27137,342,483 ÍÐÛÝ×ßÔ ÎÛÊÛÒËÛ ÚËÒÜÍ Ý±³¾·²·²¹ ­¬¿¬»³»²¬­ º±® ¿´´ ·²¼·ª·¼«¿´ ²±²³¿¶±® ­°»½·¿´ ®»ª»²«» º«²¼­ ¿®» ®»°±®¬»¼ ¸»®»ò ̸» ½±³¾·²»¼ ¬±¬¿´­ ¿®» ®»°±®¬»¼ ·² ¬¸» ½±³¾·²·²¹ ²±²³¿¶±® ¹±ª»®²³»²¬¿´ º«²¼ ­¬¿¬»³»²¬­ ¿¬ Þóï ¿²¼ Þóîò Ú«²¼ ­¬¿¬»³»²¬­ º±® ³¿¶±® ­°»½·¿´ ͽ¸»¼«´»­ ±º ®»ª»²«»­ô »¨°»²¼·¬«®»­ô ¿²¼ ½¸¿²¹»­ ·² º«²¼ ¾¿´¿²½» ó ¾«¼¹»¬ ¿²¼ ¿½¬«¿´ ¿®» ¿´­± °®»­»²¬»¼ ¸»®» º±® »¿½¸ ·²¼·ª·¼«¿´ ²±²³¿¶±® ­°»½·¿´ ®»ª»²«» º«²¼ò Þ«¼¹»¬ ¿²¼ ¿½¬«¿´ ½±³°¿®·­±²­ º±® ³¿¶±® ­°»½·¿´ ®»ª»²«» º«²¼­ ¿®» ®»°±®¬»¼ ¿­ ®»¯«·®»¼ ­«°°´»³»²¬¿®§ ·²º±®³¿¬·±² ¿¬ ßóîò Ó¿¶±® Í°»½·¿´ 못²«» Ú«²¼æ ݱ³³«²·¬§ Ü»ª»´±°³»²¬ Ú«²¼ ó ̱ ¿½½±«²¬ º±® ¹®¿²¬ ®»ª»²«»­ ®»½»·ª»¼ º®±³ ¬¸» Ú»¼»®¿´ ¹±ª»®²³»²¬ò Ó¿¶±® Ò±²³¿¶±® Í°»½·¿´ 못²«» Ú«²¼­æ ݱ²­¬®«½¬·±² л®³·¬­ Ú«²¼ Ô·¾®¿®§ Ô±½¿´ Ñ°¬·±² Ô»ª§ Ú«²¼ ó ̱ ¿½½±«²¬ º±® ®»ª»²«»­ ®»½»·ª»¼ º®±³ ¿ º±«®ó§»¿® ´·¾®¿®§ ´±½¿´ ±°¬·±² ´»ª§ ¬± Ô·¾®¿®§ô п®µ­ô ¿²¼ λ½®»¿¬·±² Ú«²¼ ó ̱ ¿½½±«²¬ º±® ½±²¬®·¾«¬·±²­ º®±³ °®·ª¿¬» ¼±²±®­ ¬± ­«°°±®¬ ¬¸» °«¾´·½ ó ̱ ¿½½±«²¬ º±® ±°»®¿¬·±²­ ±º ¬¸» »³»®¹»²½§ ¼·­°¿¬½¸ ½»²¬»®ò λ­±«®½»­ ¿®» °®·³¿®·´§ º®±³ ¬»´»°¸±²» »¨½·­» ¬¿¨»­ ¿²¼ ·²¬»®¹±ª»®²³»²¬¿´ ®»ª»²«»ò α¿¼ Ú«²¼ ó ̱ ¿½½±«²¬ º±® ¬¸» ±°»®¿¬·±² ¿²¼ ³¿·²¬»²¿²½» ±º ¬¸» Ý·¬§ù­ ­¬®»»¬ ¬®¿²­°±®¬¿¬·±² ­§­¬»³ò λ­±«®½»­ ﮬ²»®­¸·° ß¹®»»³»²¬ô ͬ¿¬» ÑÌ×ß ××× ³±²·»­ô º»»­ ¿²¼ °»®³·¬­ô ¿²¼ ±¬¸»® ³·­½»´´¿²»±«­ ¹®¿²¬­ò ͱ´·¼ É¿­¬» ¿²¼ 뽧½´·²¹ Ú«²¼ Í°»½·¿´ ß­­»­­³»²¬ Ó¿²¿¹»³»²¬ Ú«²¼ ó ̱ ¿½½±«²¬ º±® ±°»®¿¬·±²­ ±º ¬¸» °®±°»®¬§ ³¿²¿¹»³»²¬ ¿²¼ ¿­­»­­ó ³»²¬ ¸¿®¼­¸·° ¼»º»®®¿´ °®±¹®¿³­ò Ì»´»½±³ λ¹·­¬®¿¬·±² ¿²¼ Ô·½»²­·²¹ Ú«²¼ ó ̱ ¿½½±«²¬ º±® ®»¹·­¬®¿¬·±² º»»­ ¿²¼ ¾«­·²»­­ °®·ª·´»¹» ¬¿¨»­ ½±´´»½¬»¼ º®±³ °®±ª·¼»®­ ±º ¬»´»½±³³«²·½¿¬·±² ­»®ª·½»­ ·² Û«¹»²»ò λ­±«®½»­ ¿®» «­»¼ º±® °®±¹®¿³ ¿¼³·²·­¬®¿¬·±² ¿²¼ Ì®¿²­°±®¬¿¬·±² ˬ·´·¬§ Ú«²¼ ó ̱ ¿½½±«²¬ º±® ¼»¼·½¿¬»¼ ®»ª»²«»­ ¿²¼ ®»´¿¬»¼ ½¿°·¬¿´ °®±¶»½¬ »¨°»²¼·¬«®»­ ·²½«®®»¼ ª»¸·½´» º«»´ ¬¿¨ ¿²¼ Ô¿²» ݱ«²¬§ ÑÌ×ß ××× ³±²·»­ò ó ̱ ¿½½±«²¬ º±® ®»ª»²«»­ ®»½»·ª»¼ º®±³ ¿² ¿¼ ª¿´±®»³ ¬¿¨ ±² °®±°»®¬§ ´±½¿¬»¼ ·² ¬¸» 窻®º®±²¬ λ­»¿®½¸ п®µò λ­±«®½»­ ¿®» «­»¼ º±® ·³°®±ª·²¹ ¬¸» ½±²¼·¬·±² ¿²¼ ¿°°»¿®¿²½» ±º ¬¸» 窻®º®±²¬ λ­»¿®½¸ п®µò DZ«¬¸ ¿²¼ ͽ¸±±´ Í»®ª·½»­ Ô»ª§ Ú«²¼ ó ̱ ¿½½±«²¬ º±® °®±½»»¼­ ±º ¬¸» DZ«¬¸ ¿²¼ ͽ¸±±´ Í»®ª·½»­ Ô»ª§ ¿°°®±ª»¼ ¬¸» Û«¹»²» ìÖ ¿²¼ Þ»¬¸»´ ­½¸±±´ ¼·­¬®·½¬­ò ̸·­ º«²¼ ½´±­»¼ ·² ÚÇðèò City of Eugene, OregonC-3 Construction Permits Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Licenses and permits3,089,0102,665,85602,665,856 Charges for services2,984,8042,215,838(205,874)2,009,964 Fines and forfeits106,92096,919096,919 Miscellaneous265,000247,78612,717260,503 Total revenues6,445,7345,226,399(193,157)5,033,242 Expenditures Current - departmental: Central services00612,000612,000 Fire and emergency medical services414,356315,9870315,987 Planning and development5,845,6064,963,073(414)4,962,659 Public works494,936428,5930428,593 Intergovernmental400,000205,874(205,874)0 Total expenditures7,154,8985,913,527405,7126,319,239 Excess (deficiency) of revenues over expenditures(709,164)(687,128)(598,869)(1,285,997) Other financing sources (uses) Transfers out(612,000)(612,000)612,0000 Total other financing sources (uses)(612,000)(612,000)612,0000 Net change in fund balance(1,321,164)(1,299,128)13,131(1,285,997) Fund balance, July 1, 20075,791,2975,791,2974,5595,795,856 Fund balance, June 30, 20084,470,1334,492,16917,6904,509,859 City of Eugene, OregonC-4 Library Local Option Levy Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Taxes2,668,5332,589,59802,589,598 Rental income18,00019,372019,372 Miscellaneous70,50057,0232,62159,644 Total revenues2,757,0332,665,9932,6212,668,614 Expenditures Current - departmental: Library, recreation, and cultural services4,114,8914,013,48053,0814,066,561 Total expenditures4,114,8914,013,48053,0814,066,561 Excess (deficiency) of revenues over expenditures(1,357,858)(1,347,487)(50,460)(1,397,947) Total other financing sources (uses)0000 Net change in fund balance(1,357,858)(1,347,487)(50,460)(1,397,947) Fund balance, July 1, 20071,612,5681,612,56898,9941,711,562 Fund balance, June 30, 2008254,710265,08148,534313,615 City of Eugene, OregonC-5 Library, Parks, and Recreation Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Intergovernmental05900590 Miscellaneous439,094380,4805,913386,393 Total revenues439,094381,0705,913386,983 Expenditures Current - departmental: Library, recreation, and cultural services190,728158,3800158,380 Capital outlay383,75041,684041,684 Total expenditures574,478200,0640200,064 Excess (deficiency) of revenues over expenditures(135,384)181,0065,913186,919 Total other financing sources (uses)0000 Net change in fund balance(135,384)181,0065,913186,919 Fund balance, July 1, 20072,207,1392,207,139(1,391)2,205,748 Fund balance, June 30, 20082,071,7552,388,1454,5222,392,667 City of Eugene, OregonC-6 Public Safety Answering Point Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Intergovernmental1,065,000964,9550964,955 Charges for services1,516,5751,233,50301,233,503 Miscellaneous3,00111,78570312,488 Total revenues2,584,5762,210,2437032,210,946 Expenditures Current - departmental: Central services0071,00071,000 Police2,513,5762,139,24302,139,243 Total expenditures2,513,5762,139,24371,0002,210,243 Excess (deficiency) of revenues over expenditures71,00071,000(70,297)703 Other financing sources (uses) Transfers out(71,000)(71,000)71,0000 Total other financing sources (uses)(71,000)(71,000)71,0000 Net change in fund balance00703703 Fund balance, July 1, 20070000 Fund balance, June 30, 200800703703 City of Eugene, OregonC-7 Road Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Licenses and permits290,000429,1270429,127 Intergovernmental7,000,0006,663,45906,663,459 Rental income50,00062,982062,982 Charges for services90,000125,4440125,444 Miscellaneous300,500323,1508,897332,047 Total revenues7,730,5007,604,1628,8977,613,059 Expenditures Current - departmental: Central services00462,000462,000 Public works9,035,0188,549,262(45,779)8,503,483 Total expenditures9,035,0188,549,262416,2218,965,483 Excess (deficiency) of revenues over expenditures(1,304,518)(945,100)(407,324)(1,352,424) Other financing sources (uses) Transfers in40,00040,000040,000 Transfers out(462,000)(462,000)462,0000 Total other financing sources (uses)(422,000)(422,000)462,00040,000 Net change in fund balance(1,726,518)(1,367,100)54,676(1,312,424) Fund balance, July 1, 20074,697,5834,697,583858,5645,556,147 Fund balance, June 30, 20082,971,0653,330,483913,2404,243,723 City of Eugene, OregonC-8 Solid Waste and Recycling Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Licenses and permits581,737570,2640570,264 Intergovernmental11,75011,217011,217 Charges for services06690669 Fines and forfeits2,500000 Miscellaneous20,00026,5041,26227,766 Total revenues615,987608,6541,262609,916 Expenditures Current - departmental: Central services0021,00021,000 Planning and development486,840457,3440457,344 Total expenditures486,840457,34421,000478,344 Excess (deficiency) of revenues over expenditures129,147151,310(19,738)131,572 Other financing sources (uses) Transfers out(21,000)(21,000)21,0000 Total other financing sources (uses)(21,000)(21,000)21,0000 Net change in fund balance108,147130,3101,262131,572 Fund balance, July 1, 2007369,681369,681(224)369,457 Fund balance, June 30, 2008477,828499,9911,038501,029 City of Eugene, OregonC-9 Special Assessment Management Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Charges for services94,72079,816079,816 Special assessments0029,53129,531 Miscellaneous89,000101,6293,701105,330 Total revenues183,720181,44533,232214,677 Expenditures Current - departmental: Central services121,584113,6439,404123,047 Debt service15,0002,07802,078 Total expenditures136,584115,7219,404125,125 Excess (deficiency) of revenues over expenditures47,13665,72423,82889,552 Other financing sources (uses) Principal payments received32,50029,531(29,531)0 Loans - deferred assessments(40,000)(404)4040 Transfers in60,00010,127010,127 Transfers out(49,000)(9,000)9,0000 Total other financing sources (uses)3,50030,254(20,127)10,127 Net change in fund balance50,63695,9783,70199,679 Fund balance, July 1, 20071,417,7491,417,749(884)1,416,865 Fund balance, June 30, 20081,468,3851,513,7272,8171,516,544 City of Eugene, OregonC-10 Telecom Registration and Licensing Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Licenses and permits2,625,0002,663,67102,663,671 Miscellaneous293,000234,65312,523247,176 Total revenues2,918,0002,898,32412,5232,910,847 Expenditures Current - departmental: Central services3,379,4251,645,35476,6671,722,021 Capital outlay639,517276,8890276,889 Total expenditures4,018,9421,922,24376,6671,998,910 Excess (deficiency) of revenues over expenditures(1,100,942)976,081(64,144)911,937 Other financing sources (uses) Transfers out(1,484,000)(1,484,000)70,000(1,414,000) Total other financing sources (uses)(1,484,000)(1,484,000)70,000(1,414,000) Net change in fund balance(2,584,942)(507,919)5,856(502,063) Fund balance, July 1, 20075,980,7545,980,7543,1545,983,908 Fund balance, June 30, 20083,395,8125,472,8359,0105,481,845 City of Eugene, OregonC-11 Transportation Utility Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Taxes3,300,0003,083,60503,083,605 Intergovernmental1,220,888126,2340126,234 Miscellaneous156,000183,4169,868193,284 Total revenues4,676,8883,393,2559,8683,403,123 Expenditures Capital outlay8,487,4915,916,71705,916,717 Total expenditures8,487,4915,916,71705,916,717 Excess (deficiency) of revenues over expenditures(3,810,603)(2,523,462)9,868(2,513,594) Total other financing sources (uses)0000 Net change in fund balance(3,810,603)(2,523,462)9,868(2,513,594) Fund balance, July 1, 20074,219,1274,219,127(3,398)4,215,729 Fund balance, June 30, 2008408,5241,695,6656,4701,702,135 City of Eugene, OregonC-12 Urban Renewal Agency General Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Intergovernmental0143,9580143,958 Charges for services2,5001450145 Repayment of revolving loans0042,99242,992 Miscellaneous119,500104,7354,452109,187 Total revenues122,000248,83847,444296,282 Expenditures Current - departmental: Central services0019,00019,000 Planning and development703,752619,819259,134878,953 Loans granted2,178,133278,134(278,134)0 Total expenditures2,881,885897,9530897,953 Excess (deficiency) of revenues over expenditures(2,759,885)(649,115)47,444(601,671) Other financing sources (uses) Principal payments received53,00042,992(42,992)0 Transfers in703,752619,8000619,800 Total other financing sources (uses)756,752662,792(42,992)619,800 Net change in fund balance(2,003,133)13,6774,45218,129 Fund balance, July 1, 20072,053,1332,053,133537,6782,590,811 Fund balance, June 30, 200850,0002,066,810542,1302,608,940 City of Eugene, OregonC-13 Urban Renewal Agency Riverfront Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Taxes585,000656,2250656,225 Intergovernmental851,114851,114(851,114)0 Rental income25,00025,298025,298 Miscellaneous4,000100,5324,741105,273 Total revenues1,465,1141,633,169(846,373)786,796 Expenditures Current - departmental: Central services0019,00019,000 Planning and development264,125184,429(19,000)165,429 Total expenditures264,125184,4290184,429 Excess (deficiency) of revenues over expenditures1,200,9891,448,740(846,373)602,367 Other financing sources (uses) Transfers in154,104154,104851,0171,005,121 Total other financing sources (uses)154,104154,104851,0171,005,121 Net change in fund balance1,355,0931,602,8444,6441,607,488 Fund balance, July 1, 2007528,343528,343(403)527,940 Fund balance, June 30, 20081,883,4362,131,1874,2412,135,428 City of Eugene, OregonC-14 Youth and School Services Levy Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Taxes182,62569,152069,152 Miscellaneous6,00023,11326023,373 Total revenues188,62592,26526092,525 Expenditures Intergovernmental166,00070,379070,379 Total expenditures166,00070,379070,379 Excess (deficiency) of revenues over expenditures22,62521,88626022,146 Other financing sources (uses) Transfers out(360,026)(359,287)0(359,287) Total other financing sources (uses)(360,026)(359,287)0(359,287) Net change in fund balance(337,401)(337,401)260(337,141) Fund balance, July 1, 2007337,401337,401(260)337,141 Fund balance, June 30, 20080000 ÜÛÞÌ ÍÛÎÊ×ÝÛ ÚËÒÜÍ Ò±²» ±º ¬¸» Ý·¬§­ ¼»¾¬ ­»®ª·½» º«²¼­ ³»»¬ ¬¸» ½®·¬»®·¿ º±® ³¿¶±® º«²¼ ®»°±®¬·²¹ò ̸»®»º±®»ô ¬¸» ½±³¾·²·²¹ ­¬¿¬»³»²¬­ º±® ¿´´ ·²¼·ª·¼«¿´ ¼»¾¬ ­»®ª·½» º«²¼­ ¿®» ®»°±®¬»¼ ¸»®»ò ̸» ½±³¾·²»¼ ¬±¬¿´­ ¿®» ®»°±®¬»¼ ·² ¬¸» ½±³¾·²·²¹ ²±²³¿¶±® ¹±ª»®²³»²¬¿´ º«²¼ ­¬¿¬»³»²¬­ ¿¬ Þóï ¿²¼ Þóîò ͽ¸»¼«´»­ ±º ®»ª»²«»­ô »¨°»²¼·¬«®»­ô ¿²¼ ½¸¿²¹»­ ·² º«²¼ ¾¿´¿²½» ó ¾«¼¹»¬ ¿²¼ ¿½¬«¿´ ¿®» ¿´­± °®»­»²¬»¼ ¸»®» º±® »¿½¸ ·²¼·ª·¼«¿´ ¼»¾¬ ­»®ª·½» º«²¼ò Ò±²³¿¶±® Ü»¾¬ Í»®ª·½» Ú«²¼­æ ó ̱ ¿½½±«²¬ º±® ¬¸» ¿½½«³«´¿¬·±² ±º ®»­±«®½»­ º±®ô ¿²¼ ¬¸» °¿§³»²¬ ±ºô ¹»²»®¿´ ±¾´·¹¿¬·±² ·²¼»¾¬»¼²»­­ ±º ¬¸» Ý·¬§ô »¨½´«¼·²¹ ¼»¾¬ ¿½½±«²¬»¼ º±® ¿­ °®±°®·»¬¿®§ º«²¼ ±® ­°»½·¿´ ¿­­»­­ó Ô·¾®¿®§ Ü»¾¬ Í»®ª·½» Ú«²¼ Í°»½·¿´ ß­­»­­³»²¬ Þ±²¼ Ü»¾¬ Í»®ª·½» Ú«²¼ ó ̱ ¿½½±«²¬ º±® ­°»½·¿´ ¿­­»­­³»²¬ ®»½»·ª¿¾´»­ ¿²¼ ¬¸» ­»®ª·½ó ½±´´»½¬·±²­ ¿²¼ ·²¬»®»­¬ ·²½±³»ò ó ̱ ¿½½±«²¬ º±® ¬¸» ¿½½«³«´¿¬·±² ±º ¬¿¨ ·²½®»³»²¬ ®»­±«®½»­ ¿²¼ ó ̱ ¿½½±«²¬ º±® ¬¸» °®±½»»¼­ ±º ¼»¾¬ ·­­«»¼ ¬± °¿§ º±® City of Eugene, OregonD-1 Combining Balance Sheet Nonmajor Debt Service Funds June 30, 2008 (amounts in dollars) SpecialUrban GeneralAssessmentRenewal ObligationLibraryBondAgencyTotal Assets Equity in pooled cash and investments103,65661,753413,4406,368,9106,947,759 Receivables: Interest53,3230041,98495,307 Taxes265,38400210,155475,539 Assessments00709,2730709,273 Due from other governments33,2530025,60558,858 Assets held for resale001,54101,541 Total assets455,61661,7531,124,2546,646,6548,288,277 Liabilities and fund balances Liabilities Deferred revenue318,7070693,707252,1391,264,553 Total liabilities318,7070693,707252,1391,264,553 Fund balances Reserved for debt service136,90961,753429,0060627,668 Reserved for assets held for resale001,54101,541 Unreserved0006,394,5156,394,515 Total fund balances136,90961,753430,5476,394,5157,023,724 Total liabilities and fund balances455,61661,7531,124,2546,646,6548,288,277 City of Eugene, OregonD-2 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Debt Service Funds For the fiscal year ended June 30, 2008 (amounts in dollars) Urban SpecialUrbanRenewal GeneralAssessmentRenewalAgency ObligationLibraryBondAgencyRiverfrontTotal Revenues Taxes5,670,245003,781,54009,451,785 Special assessments00192,76500192,765 Miscellaneous97,5382,52064,341375,3710539,770 Total revenues5,767,7832,520257,1064,156,911010,184,320 Expenditures Debt service: Principal4,315,0002,100,000207,946006,622,946 Interest1,592,714280,00043,556001,916,270 Arbitrage fee001,813001,813 Issuance costs003,200003,200 Total expenditures5,907,7142,380,000256,515008,544,229 Excess (deficiency) of revenues over expenditures(139,931)(2,377,480)5914,156,91101,640,091 Other financing sources (uses) Transfers in02,379,9330002,379,933 Transfers out000(4,631,733)(154,007)(4,785,740) Total other financing sources (uses)02,379,9330(4,631,733)(154,007)(2,405,807) Net change in fund balances(139,931)2,453591(474,822)(154,007)(765,716) Fund balances, July 1, 2007276,84059,300429,9566,869,337154,0077,789,440 Fund balances, June 30, 2008136,90961,753430,5476,394,51507,023,724 City of Eugene, OregonD-3 General Obligation Debt Service Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Taxes5,779,9935,670,24505,670,245 Miscellaneous112,74392,8604,67897,538 Total revenues5,892,7365,763,1054,6785,767,783 Expenditures Debt service5,872,3165,907,71405,907,714 Total expenditures5,872,3165,907,71405,907,714 Excess (deficiency) of revenues over expenditures20,420(144,609)4,678(139,931) Total other financing sources (uses)0000 Net change in fund balance20,420(144,609)4,678(139,931) Fund balance, July 1, 2007277,997277,997(1,157)276,840 Fund balance, June 30, 2008298,417133,3883,521136,909 City of Eugene, OregonD-4 Library Debt Service Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Intergovernmental2,380,0002,379,933(2,379,933)0 Miscellaneous3,0002,438822,520 Total revenues2,383,0002,382,371(2,379,851)2,520 Expenditures Debt service2,380,0002,380,00002,380,000 Total expenditures2,380,0002,380,00002,380,000 Excess (deficiency) of revenues over expenditures3,0002,371(2,379,851)(2,377,480) Other financing sources (uses) Transfers in002,379,9332,379,933 Total other financing sources (uses)002,379,9332,379,933 Net change in fund balance3,0002,371822,453 Fund balance, July 1, 200759,33759,337(37)59,300 Fund balance, June 30, 200862,33761,7084561,753 City of Eugene, OregonD-5 Special Assessment Bond Debt Service Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Special assessments00192,765192,765 Miscellaneous205,00763,1571,18464,341 Total revenues205,00763,157193,949257,106 Expenditures Debt service775,930256,5150256,515 Total expenditures775,930256,5150256,515 Excess (deficiency) of revenues over expenditures(570,923)(193,358)193,949591 Other financing sources (uses) Principal payments received621,652192,765(192,765)0 Transfers out(95,000)000 Total other financing sources (uses)526,652192,765(192,765)0 Net change in fund balance(44,271)(593)1,184591 Fund balance, July 1, 2007430,256430,256(300)429,956 Fund balance, June 30, 2008385,985429,663884430,547 City of Eugene, OregonD-6 Urban Renewal Agency Debt Service Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Taxes3,720,0003,781,54003,781,540 Miscellaneous150,000355,77819,593375,371 Total revenues3,870,0004,137,31819,5934,156,911 Expenditures Intergovernmental3,020,0003,019,933(3,019,933)0 Total expenditures3,020,0003,019,933(3,019,933)0 Excess (deficiency) of revenues over expenditures850,0001,117,3853,039,5264,156,911 Other financing sources (uses) Transfers out(2,308,752)(1,611,800)(3,019,933)(4,631,733) Total other financing sources (uses)(2,308,752)(1,611,800)(3,019,933)(4,631,733) Net change in fund balance(1,458,752)(494,415)19,593(474,822) Fund balance, July 1, 20076,873,9216,873,921(4,584)6,869,337 Fund balance, June 30, 20085,415,1696,379,50615,0096,394,515 City of Eugene, OregonD-7 Urban Renewal Agency Riverfront Debt Service Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Total revenues0000 Total expenditures0000 Excess (deficiency) of revenues over expenditures0000 Other financing sources (uses) Transfers out(154,104)(154,104)97(154,007) Total other financing sources (uses)(154,104)(154,104)97(154,007) Net change in fund balance(154,104)(154,104)97(154,007) Fund balance, July 1, 2007154,104154,104(97)154,007 Fund balance, June 30, 20080000 ø¬¸·­ °¿¹» ·²¬»²¬·±²¿´´§ ´»º¬ ¾´¿²µ÷ ÝßÐ×ÌßÔ ÐÎÑÖÛÝÌÍ ÚËÒÜÍ Ý±³¾·²·²¹ ­¬¿¬»³»²¬­ º±® ¿´´ ·²¼·ª·¼«¿´ ²±²³¿¶±® ½¿°·¬¿´ °®±¶»½¬­ º«²¼­ ¿®» ®»°±®¬»¼ ¸»®»ò ̸» ½±³¾·²»¼ ¬±¬¿´­ ¿®» ®»°±®¬»¼ ·² ¬¸» ½±³¾·²·²¹ ²±²³¿¶±® ¹±ª»®²³»²¬¿´ º«²¼ ­¬¿¬»³»²¬­ ¿¬ Þóï ¿²¼ Þóîò Ú«²¼ ­¬¿¬»³»²¬­ º±® ³¿¶±® ½¿°·¬¿´ ͽ¸»¼«´»­ ±º ®»ª»²«»­ô »¨°»²¼·¬«®»­ô ¿²¼ ½¸¿²¹»­ ·² º«²¼ ¾¿´¿²½» ó ¾«¼¹»¬ ¿²¼ ¿½¬«¿´ ¿®» ¿´­± °®»­»²¬»¼ ¸»®» º±® »¿½¸ ·²¼·ª·¼«¿´ ½¿°·¬¿´ °®±¶»½¬­ º«²¼ò Ó¿¶±® Ý¿°·¬¿´ Ю±¶»½¬­ Ú«²¼­æ ͧ­¬»³­ Ü»ª»´±°³»²¬ Ý¿°·¬¿´ Ю±¶»½¬­ Ú«²¼ ó ̱ ¿½½±«²¬ º±® ½±²­¬®«½¬·±² ±º ¬¸» ²±²ó¿­­»­­¿¾´» °±®¬·±² ±º ½¿°¿½·¬§ó»²¸¿²½·²¹ ½¿°·¬¿´ °®±¶»½¬­ò Ú·²¿²½·²¹ ·­ °®±ª·¼»¼ ¾§ ¿ ­§­¬»³­ ¼»ª»´±°³»²¬ ½¸¿®¹» ´»ª·»¼ ¿¹¿·²­¬ Ò±²³¿¶±® Ý¿°·¬¿´ Ю±¶»½¬­ Ú«²¼­æ α¿¼ Ý¿°·¬¿´ Ю±¶»½¬­ Ú«²¼ Í°»½·¿´ ß­­»­­³»²¬ Ý¿°·¬¿´ Ю±¶»½¬­ Ú«²¼ ó ¼»¾¬ô ¿²¼ ·²¬»®»­¬ ±² ·²ª»­¬³»²¬­ò ó ̱ ¿½½±«²¬ º±® ½±­¬­ ±º ½±²­¬®«½¬·²¹ ¿²¼ ·³°®±ª·²¹ ½¿°·¬¿´ ¿²¼ ·²¬»®»­¬ ±² ·²ª»­¬³»²¬­ò ó ̱ ¿½½±«²¬ º±® ½±­¬­ ±º ½±²­¬®«½¬·²¹ ¿²¼ ·³°®±ª·²¹ 窻®º®±²¬ Ú«²¼ ¿²¼ ·²¬»®»­¬ ±² ·²ª»­¬³»²¬­ò City of Eugene, OregonE-1 Combining Balance Sheet Nonmajor Capital Projects Funds June 30, 2008 (amounts in dollars) Urban UrbanRenewal SpecialRenewalAgency RoadAssessmentAgencyRiverfrontTotal Assets Equity in pooled cash and investments90,9142,907,909164,248219,7383,382,809 Receivables: Assessments0227,85200227,852 Loans and notes055,9050055,905 Due from other governments365,515051,0420416,557 Assets held for resale026501,867,2321,867,497 Total assets456,4293,191,931215,2902,086,9705,950,620 Liabilities and fund balances Liabilities Accounts payable306058,506058,812 Deposits0679,51400679,514 Deferred revenue16,000284,02300300,023 Total liabilities16,306963,53758,50601,038,349 Fund balances Reserved for assets held for resale026501,867,2321,867,497 Unreserved440,1232,228,129156,784219,7383,044,774 Total fund balances440,1232,228,394156,7842,086,9704,912,271 Total liabilities and fund balances456,4293,191,931215,2902,086,9705,950,620 City of Eugene, OregonE-2 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Capital Projects Funds For the fiscal year ended June 30, 2008 (amounts in dollars) Urban UrbanRenewal SpecialRenewalAgency RoadAssessmentAgencyRiverfrontTotal Revenues Intergovernmental428,635051,0420479,677 Rental income40,65100040,651 Charges for services29,38041,1820070,562 Special assessments01,031,891001,031,891 Miscellaneous9,78795,9958,4529,863124,097 Total revenues508,4531,169,06859,4949,8631,746,878 Expenditures Debt service: Principal010,7200010,720 Interest016,1410016,141 Capital outlay1,545,0801,253,3641,331,7408,5004,138,684 Total expenditures1,545,0801,280,2251,331,7408,5004,165,545 Excess (deficiency) of revenues over expenditures(1,036,627)(111,157)(1,272,246)1,363(2,418,667) Other financing sources (uses) Transfers in100,0000992,000150,0001,242,000 Transfers out0(10,127)00(10,127) Total other financing sources (uses)100,000(10,127)992,000150,0001,231,873 Net change in fund balances(936,627)(121,284)(280,246)151,363(1,186,794) Fund balances, July 1, 20071,376,7502,349,678437,0301,935,6076,099,065 Fund balances, June 30, 2008440,1232,228,394156,7842,086,9704,912,271 City of Eugene, OregonE-3 General Capital Projects Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Intergovernmental235,000518,8320518,832 Rental income19,57023,035023,035 Miscellaneous250,859322,54725,398347,945 Total revenues505,429864,41425,398889,812 Expenditures Current - departmental: Central services13,04910,342010,342 Debt service50,0002,80602,806 Capital outlay23,878,54010,319,784010,319,784 Intergovernmental67,00067,000(67,000)0 Total expenditures24,008,58910,399,932(67,000)10,332,932 Excess (deficiency) of revenues over expenditures(23,503,160)(9,535,518)92,398(9,443,120) Other financing sources (uses) Principal payments received7,5637,239(7,239)0 Proceeds of debt issuance13,600,0005,200,00005,200,000 Transfers in3,858,3003,858,30003,858,300 Transfers out00(67,000)(67,000) Total other financing sources (uses)17,465,8639,065,539(74,239)8,991,300 Net change in fund balance(6,037,297)(469,979)18,159(451,820) Fund balance, July 1, 20076,984,5206,984,520(1,429,894)5,554,626 Prior period adjustment (Note 5H)001,425,0001,425,000 Fund balance, July 1, 2007, as restated6,984,5206,984,520(4,894)6,979,626 Fund balance, June 30, 2008947,2236,514,54113,2656,527,806 City of Eugene, OregonE-4 Road Capital Projects Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Intergovernmental2,641,455428,6350428,635 Rental income35,60040,651040,651 Charges for services029,380029,380 Miscellaneous3,0009,1246639,787 Total revenues2,680,055507,790663508,453 Expenditures Capital outlay3,528,3121,545,08001,545,080 Total expenditures3,528,3121,545,08001,545,080 Excess (deficiency) of revenues over expenditures(848,257)(1,037,290)663(1,036,627) Other financing sources (uses) Transfers in100,000100,0000100,000 Total other financing sources (uses)100,000100,0000100,000 Net change in fund balance(748,257)(937,290)663(936,627) Fund balance, July 1, 20071,377,1941,377,194(444)1,376,750 Fund balance, June 30, 2008628,937439,904219440,123 City of Eugene, OregonE-5 Special Assessment Capital Projects Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Charges for services041,182041,182 Special assessments001,031,8911,031,891 Miscellaneous137,00088,9627,03395,995 Total revenues137,000130,1441,038,9241,169,068 Expenditures Debt service1,500,000776,861(750,000)26,861 Capital outlay3,225,8541,253,36401,253,364 Total expenditures4,725,8542,030,225(750,000)1,280,225 Excess (deficiency) of revenues over expenditures(4,588,854)(1,900,081)1,788,924(111,157) Other financing sources (uses) Principal payments received360,0001,031,891(1,031,891)0 Proceeds of debt issuance3,335,302750,000(750,000)0 Transfers in40,000000 Transfers out(40,000)(10,127)0(10,127) Total other financing sources (uses)3,695,3021,771,764(1,781,891)(10,127) Net change in fund balance(893,552)(128,317)7,033(121,284) Fund balance, July 1, 20072,351,3462,351,346(1,668)2,349,678 Fund balance, June 30, 20081,457,7942,223,0295,3652,228,394 City of Eugene, OregonE-6 Systems Development Capital Projects Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Intergovernmental0165,6000165,600 Rental income029,403029,403 Charges for services8,847,1245,676,745(1,096,143)4,580,602 Miscellaneous772,688594,10428,061622,165 Total revenues9,619,8126,465,852(1,068,082)5,397,770 Expenditures Current - departmental: Central services38,95335,22893,000128,228 Planning and development114,406112,1350112,135 Public works413,782273,0690273,069 Debt service358,257358,2560358,256 Capital outlay18,814,5148,032,53308,032,533 Intergovernmental1,327,0001,116,497(1,097,029)19,468 Total expenditures21,066,9129,927,718(1,004,029)8,923,689 Excess (deficiency) of revenues over expenditures(11,447,100)(3,461,866)(64,053)(3,525,919) Other financing sources (uses) Principal payments received0885(885)0 Transfers out(93,000)(93,000)93,0000 Total other financing sources (uses)(93,000)(92,115)92,1150 Net change in fund balance(11,540,100)(3,553,981)28,062(3,525,919) Fund balance, July 1, 200713,937,33813,937,338(8,497)13,928,841 Fund balance, June 30, 20082,397,23810,383,35719,56510,402,922 City of Eugene, OregonE-7 Urban Renewal Agency Capital Projects Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Intergovernmental3,422,00051,042051,042 Miscellaneous08,1303228,452 Total revenues3,422,00059,17232259,494 Expenditures Capital outlay5,464,3521,331,74001,331,740 Total expenditures5,464,3521,331,74001,331,740 Excess (deficiency) of revenues over expenditures(2,042,352)(1,272,568)322(1,272,246) Other financing sources (uses) Transfers in1,605,000992,0000992,000 Total other financing sources (uses)1,605,000992,0000992,000 Net change in fund balance(437,352)(280,568)322(280,246) Fund balance, July 1, 2007437,352437,352(322)437,030 Fund balance, June 30, 20080156,7840156,784 City of Eugene, OregonE-8 Urban Renewal Agency Riverfront Capital Projects Fund Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Intergovernmental150,000150,000(150,000)0 Miscellaneous1,0009,4044599,863 Total revenues151,000159,404(149,541)9,863 Expenditures Capital outlay219,4188,50008,500 Total expenditures219,4188,50008,500 Excess (deficiency) of revenues over expenditures(68,418)150,904(149,541)1,363 Transfers in00150,000150,000 Total other financing sources (uses)00150,000150,000 Net change in fund balance(68,418)150,904459151,363 Fund balance, July 1, 200768,41868,4181,867,1891,935,607 Fund balance, June 30, 20080219,3221,867,6482,086,970 ÛÒÌÛÎÐÎ×ÍÛ ÚËÒÜÍ ß´´ ±º ¬¸» Ý·¬§­ »²¬»®°®·­» º«²¼­ ³»»¬ ¬¸» ½®·¬»®·¿ º±® ³¿¶±® º«²¼ ®»°±®¬·²¹ ¿²¼ ¿®» ®»°±®¬»¼ ·² Û¨¸·¾·¬­ êô éô ¿²¼ è ±º ¬¸» ͽ¸»¼«´»­ ±º ®»ª»²«»­ô »¨°»²­»­ô ¿²¼ ½¸¿²¹»­ ·² º«²¼ ²»¬ ¿­­»¬­ ó ¾«¼¹»¬ ¿²¼ ¿½¬«¿´ ¿®» °®»­»²¬»¼ ¸»®» º±® »¿½¸ ·²¼·ª·¼«¿´ »²¬»®°®·­» º«²¼ò Ó¿¶±® Û²¬»®°®·­» Ú«²¼­æ ß³¾«´¿²½» Ì®¿²­°±®¬ Ú«²¼ ó ̱ ¿½½±«²¬ º±® ¬¸» ±°»®¿¬·±²­ ±º »³»®¹»²½§ ³»¼·½¿´ ­»®ª·½»­ °®±ª·¼»¼ ¬± ¬¸» °«¾´·½ò 못²«»­ ¿®» °®±ª·¼»¼ ¾§ «­»® ½¸¿®¹»­ò Ó«²·½·°¿´ ß·®°±®¬ Ú«²¼ ó ̱ ¿½½±«²¬ º±® ¬¸» ±°»®¿¬·±²­ ±º ¬¸» ³«²·½·°¿´ ¿·®°±®¬ò Ю·²½·°¿´ ­±«®½»­ ±º ®»ª»²«»­ ¿®» ®»²¬¿´ ±º ¬»®³·²¿´ ­°¿½» ¬± ¿·®´·²»­ ¿²¼ ±¬¸»® ­»®ª·½» °®±ª·¼»®­ô ´¿²¼·²¹ º»»­ô ¿²¼ °¿®µ·²¹ º»»­ò ̸» º«²¼ ®»½»·ª»­ ß·®°±®¬ ׳°®±ª»³»²¬ Ю±¹®¿³ ³±²·»­ º®±³ ¬¸» Ú»¼»®¿´ ߪ·¿¬·±² ß¼³·²·­¬®¿¬·±² º±® ½¿°·¬¿´ ·³°®±ª»ó ³»²¬­ò ̸» º«²¼ ¿´­± ·³°±­»­ °¿­­»²¹»® º¿½·´·¬§ ½¸¿®¹»­ ±² °¿­­»²¹»®­ «¬·´·¦·²¹ ¬¸» ¿·®°±®¬ô ¬¸» °®±½»»¼­ ±º п®µ·²¹ Í»®ª·½»­ Ú«²¼ º¿½·´·¬·»­ò ó ó City of Eugene, OregonF-1 Ambulance Transport Fund Schedule of Revenues, Expenses, and Changes in Fund Net Assets - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Charges for services6,499,2916,114,85306,114,853 Miscellaneous65,000105,136210105,346 Total revenues6,564,2916,219,9892106,220,199 Expenses Current - departmental: Central services00402,000402,000 Fire and emergency medical services5,891,7855,666,503(44,311)5,622,192 Depreciation0066,31166,311 Total expenses5,891,7855,666,503424,0006,090,503 Excess (deficiency) of revenues over expenses672,506553,486(423,790)129,696 Other financing sources (uses) Transfers out(738,000)(738,000)(742,737)(1,480,737) Total other financing sources (uses)(738,000)(738,000)(742,737)(1,480,737) Change in net assets(65,494)(184,514)(1,166,527)(1,351,041) Total net assets, July 1, 20071,137,3811,137,3811,875,1243,012,505 Total net assets, June 30, 20081,071,887952,867708,5971,661,464 City of Eugene, OregonF-2 Municipal Airport Fund Schedule of Revenues, Expenses, and Changes in Fund Net Assets - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Intergovernmental9,624,9218,616,609(7,611,380)1,005,229 Rental income3,161,0163,239,19003,239,190 Charges for services4,326,6724,635,09204,635,092 Fines and forfeits7,80012,031012,031 Miscellaneous508,237502,427(89,865)412,562 Total revenues17,628,64617,005,349(7,701,245)9,304,104 Expenses Current - departmental: Central services00364,000364,000 Fire and emergency medical services673,984673,9825,817679,799 Police372,091372,0913,318375,409 Public works4,914,0944,406,784307,2184,714,002 Debt service1,058,1351,058,135(1,020,505)37,630 Capital outlay12,174,9108,093,268(8,093,268)0 Depreciation003,877,4573,877,457 Amortization003,7813,781 Total expenses19,193,21414,604,260(4,552,182)10,052,078 Excess (deficiency) of revenues over expenses(1,564,568)2,401,089(3,149,063)(747,974) Other financing sources (uses) Principal payments received055,393(55,393)0 Capital contributions007,726,5747,726,574 Transfers out(364,000)(364,000)128,181(235,819) Total other financing sources (uses)(364,000)(308,607)7,799,3627,490,755 Change in net assets(1,928,568)2,092,4824,650,2996,742,781 Total net assets, July 1, 20079,918,1999,918,19967,140,68777,058,886 Total net assets, June 30, 20087,989,63112,010,68171,790,98683,801,667 City of Eugene, OregonF-3 Parking Services Fund Schedule of Revenues, Expenses, and Changes in Fund Net Assets - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Rental income576,300660,6410660,641 Charges for services3,106,1003,076,09203,076,092 Fines and forfeits1,043,200949,4880949,488 Miscellaneous142,700103,5378,344111,881 Total revenues4,868,3004,789,7588,3444,798,102 Expenses Current - departmental: Central services456,232405,846197,085602,931 Planning and development2,786,4182,644,391(20,030)2,624,361 Public works71,94246,273(986)45,287 Debt service677,406677,405(289,047)388,358 Capital outlay377,500150,260(150,260)0 Depreciation00775,399775,399 Amortization003,3483,348 Intergovernmental934,114934,114(934,114)0 Total expenses5,303,6124,858,289(418,605)4,439,684 Excess (deficiency) of revenues over expenses(435,312)(68,531)426,949358,418 Other financing sources (uses) Transfers in7,5007,50007,500 Transfers out(3,181,600)(3,181,600)(742,614)(3,924,214) Total other financing sources (uses)(3,174,100)(3,174,100)(742,614)(3,916,714) Change in net assets(3,609,412)(3,242,631)(315,665)(3,558,296) Total net assets, July 1, 20076,242,4126,242,41214,787,98021,030,392 Total net assets, June 30, 20082,633,0002,999,78114,472,31517,472,096 City of Eugene, OregonF-4 Stormwater Utility Fund Schedule of Revenues, Expenses, and Changes in Fund Net Assets - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Licenses and permits135,000115,0580115,058 Intergovernmental537,442327,296(327,296)0 Rental income29,00029,811029,811 Charges for services11,351,50311,730,029(2,050)11,727,979 Fines and forfeits5001,20001,200 Miscellaneous370,208368,72918,299387,028 Total revenues12,423,65312,572,123(311,047)12,261,076 Expenses Current - departmental: Central services00564,000564,000 Public works10,327,7719,283,128355,1009,638,228 Capital outlay5,797,9872,173,463(2,173,463)0 Depreciation001,178,7871,178,787 Intergovernmental15,2032,050(2,050)0 Total expenses16,140,96111,458,641(77,626)11,381,015 Excess (deficiency) of revenues over expenses(3,717,308)1,113,482(233,421)880,061 Other financing sources (uses) Capital contributions001,042,4651,042,465 Transfers in15,00015,000(15,000)0 Transfers out(579,000)(579,000)545,529(33,471) Total other financing sources (uses)(564,000)(564,000)1,572,9941,008,994 Change in net assets(4,281,308)549,4821,339,5731,889,055 Total net assets, July 1, 20078,012,5328,012,53242,291,04450,303,576 Total net assets, June 30, 20083,731,2248,562,01443,630,61752,192,631 City of Eugene, OregonF-5 Wastewater Utility Fund Schedule of Revenues, Expenses, and Changes in Fund Net Assets - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Rental income17,00017,615017,615 Charges for services36,587,03231,990,947(14,279,013)17,711,934 Fines and forfeits2,0001,47501,475 Miscellaneous112,000279,0059,526288,531 Total revenues36,718,03232,289,042(14,269,487)18,019,555 Expenses Current - departmental: Central services001,033,0001,033,000 Public works19,479,46915,250,001200,17715,450,178 Capital outlay2,707,0891,154,382(1,154,382)0 Depreciation003,727,9973,727,997 Intergovernmental15,340,00014,279,013(14,279,013)0 Total expenses37,526,55830,683,396(10,472,221)20,211,175 Excess (deficiency) of revenues over expenses(808,526)1,605,646(3,797,266)(2,191,620) Other financing sources (uses) Capital contributions003,001,0603,001,060 Transfers out(1,033,000)(1,033,000)985,758(47,242) Total other financing sources (uses)(1,033,000)(1,033,000)3,986,8182,953,818 Change in net assets(1,841,526)572,646189,552762,198 Total net assets, July 1, 20073,576,8693,576,86998,253,792101,830,661 Prior period adjustment (Note 5H)00(774,547)(774,547) Total net assets, July 1, 2007, as restated3,576,8693,576,86997,479,245101,056,114 Total net assets, June 30, 20081,735,3434,149,51597,668,797101,818,312 ø¬¸·­ °¿¹» ·²¬»²¬·±²¿´´§ ´»º¬ ¾´¿²µ÷ ×ÒÌÛÎÒßÔ ÍÛÎÊ×ÝÛ ÚËÒÜÍ Ý±³¾·²·²¹ ­¬¿¬»³»²¬­ º±® ¿´´ ·²¬»®²¿´ ­»®ª·½» º«²¼­ ¿®» ®»°±®¬»¼ ¸»®»ò ̸» ½±³¾·²»¼ ¬±¬¿´­ ¿®» ®»°±®¬»¼ ¿´±²¹­·¼» ¬¸» ͽ¸»¼«´»­ ±º ®»ª»²«»­ô »¨°»²­»­ô ¿²¼ ½¸¿²¹»­ ·² º«²¼ ²»¬ ¿­­»¬­ ó ¾«¼¹»¬ ¿²¼ ¿½¬«¿´ ¿®» ¿´­± °®»­»²¬»¼ ¸»®» º±® »¿½¸ ·²¼·ª·¼«¿´ ·²¬»®²¿´ ­»®ª·½» º«²¼ò Ò±²³¿¶±® ײ¬»®²¿´ Í»®ª·½» Ú«²¼­æ Ú¿½·´·¬·»­ Í»®ª·½»­ Ú«²¼ ó ̱ ¿½½±«²¬ º±® º¿½·´·¬§ ³¿·²¬»²¿²½» ­»®ª·½»­ ±² Ý·¬§ ¾«·´¼·²¹­ò Ú¿½·´·¬§ ³¿·²¬»²¿²½» ®¿¬»­ ¿²¼ ®»²¬¿´ ®¿¬»­ ¿®» ½¸¿®¹»¼ ±² ¬¸» ¾¿­·­ ±º ­¯«¿®» º±±¬¿¹» ¿²¼ ¿®» ­»¬ ¬± ®»½±ª»® ¬¸» º«´´ ½±­¬ ±º ­»®ª·½»­ °®±ª·¼»¼ò Ú´»»¬ Í»®ª·½»­ Ú«²¼ ó ̱ ¿½½±«²¬ º±® ¬¸» °«®½¸¿­» ±º ª»¸·½´»­ ¿²¼ »¯«·°³»²¬ ¿²¼ ¬¸» ³¿·²¬»²¿²½» ¬¸»®»±²ò ¿²¼ »¯«·°³»²¬ ­±´¼ ±® ®»³±ª»¼ º®±³ «­»ò ײº±®³¿¬·±² ͧ­¬»³­ ¿²¼ Í»®ª·½»­ Ú«²¼ ó ̱ ¿½½±«²¬ º±® ¼¿¬¿ °®±½»­­·²¹ ¿²¼ ®»°®±¼«½¬·±²ô »¯«·°³»²¬ ¿½¯«·­·ó ¬·±² ¿²¼ ³¿·²¬»²¿²½»ô °±­¬¿¹»ô ¬»´»°¸±²»ô ³·²«¬»­ ®»½±®¼·²¹ô ¿²¼ °®·²¬·²¹ñ¹®¿°¸·½ ­»®ª·½»­ °®±ª·¼»¼ ¬± ±¬¸»® Ý·¬§ º«²¼­ò Ë­»® ½¸¿®¹»­ ½±ª»® ¬¸» ½±­¬ ±º ±°»®¿¬·±²­ ¿²¼ ­«°°´·»­ò Ю±º»­­·±²¿´ Í»®ª·½»­ Ú«²¼ ±¬¸»® Ý·¬§ º«²¼­ò 못²«»­ ¿®» °®±ª·¼»¼ ¾§ ½¸¿®¹»­ º±® ¬¸»­» ­»®ª·½»­ò ó ̱ ¿½½±«²¬ º±® ½±­¬­ ±º ¬¸» Ý·¬§­ ­»´ºó·²­«®¿²½» °®±¹®¿³ò ̸» Ý·¬§ ·­ ­»´ºó·²­«®»¼ ·²­«®¿²½»ò ß² ¿½¬«¿®·¿´ ª¿´«¿¬·±² ·­ ¬¸» ¾¿­·­ º±® ®»½±®¼·²¹ ¬¸» ½´¿·³­ ´·¿¾·´·¬§ò Ë­»® ½¸¿®¹»­ ¿®» ¾¿­»¼ ±² ¿½¬«¿´ »¨°»®·»²½» ±® ¿² »­¬·³¿¬»ô ¼»°»²¼·²¹ ±² ¬¸» ²¿¬«®» ±º ¬¸» ·²­«®¿²½»ò ̸·­ º«²¼ ¿´­± ¿½½±«²¬­ º±® ¬¸» G-1 City of Eugene, Oregon Combining Statement of Net Assets All Internal Service Funds June 30, 2008 (amounts in dollars)Information FacilitiesFleetSystems andProfessionalRisk and AssetsServicesServicesServicesServicesBenefitsTotal Current assets Equity in pooled cash and investments28,972,7429,393,9243,458,9831,560,80924,181,88567,568,343 Receivables: Accounts83333,3911,17760,840460,912557,153 Allowance for uncollectibles0(493)0(10,809)0(11,302) Due from other governments01,90842,31151,36797096,556 Interfund loans receivable0209,796000209,796 Inventories0303,506000303,506 Prepaids and deposits0498,56745,0005,1660548,733 Total current assets28,973,57510,440,5993,547,4711,667,37324,643,76769,272,785 Noncurrent assets Deferred charges11,578000584,911596,489 Advances to other funds0220,285000220,285 Pension assets000062,588,05162,588,051 Capital assets: Land0455,834000455,834 Improvements other than buildings051,91300051,913 Buildings and equipment4,112,17937,670,9085,124,447234,4236,19547,148,152 Accumulated depreciation(941,402)(17,927,116)(4,919,092)(127,748)(6,195)(23,921,553) Total noncurrent assets3,182,35520,471,824205,355106,67563,172,96287,139,171 Total assets32,155,93030,912,4233,752,8261,774,04887,816,729156,411,956 Liabilities Current liabilities Accounts payable74,375132,465160,3835,29651,502424,021 Wages payable256,080118,976119,353215,34690,450800,205 Compensated absences payable269,979125,400134,381183,51662,898776,174 Due to other governments0020,4037,686028,089 Claims payable00009,450,5149,450,514 Deposits880000124,048124,928 Interfund loans payable209,7960000209,796 Interest payable7,015000276,198283,213 Unearned revenue99,059000099,059 Certificates of participation payable115,0000000115,000 Bonds payable0000627,238627,238 Total current liabilities1,032,184376,841434,520411,84410,682,84812,938,237 Noncurrent liabilities Compensated absences payable72,50649,95326,86910,73319,387179,448 Advances from other funds220,2850000220,285 Certificates of participation payable1,425,00000001,425,000 Bonds payable (net of unamortized discount/premium)000063,515,76763,515,767 Net OPEB obligation145,33060,37354,52687,978942,1831,290,390 Total noncurrent liabilities1,863,121110,32681,39598,71164,477,33766,630,890 Total liabilities2,895,305487,167515,915510,55575,160,18579,569,127 Net assets Invested in capital assets (net of related debt)1,630,77720,251,539205,355106,675022,194,346 Unrestricted27,629,84810,173,7173,031,5561,156,81812,656,54454,648,483 Total net assets29,260,62530,425,2563,236,9111,263,49312,656,54476,842,829 ø¬¸·­ °¿¹» ·²¬»²¬·±²¿´´§ ´»º¬ ¾´¿²µ÷ G-2 City of Eugene, Oregon Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets All Internal Service Funds For the fiscal year ended June 30, 2008 (amounts in dollars) Information FacilitiesFleetSystems andProfessionalRisk and ServicesServicesServicesServicesBenefitsTotal Operating revenues Licenses and permits00010,581010,581 Intergovernmental01,3570121,031970123,358 Rental income647,22024,390000671,610 Charges for services10,079,3467,121,8417,120,6665,221,24526,379,28355,922,381 Miscellaneous111287,450208,40021,933317,914 Total operating revenues10,726,6777,435,0387,120,6865,361,25726,402,18657,045,844 Operating expenses Personnel services4,902,7602,333,9702,199,8773,941,7192,486,55615,864,882 Contractual services662,256344,499655,101137,8171,842,6763,642,349 Materials and supplies464,4911,855,2091,712,543138,733172,4334,343,409 Maintenance456,592439,647426,247268,825103,9801,695,291 Utilities2,234,67221,717921,49843,10416,5103,237,501 Rent5,4470192,61678,418185,043461,524 Taxes11,226000011,226 Insurance31,550153,51611,49916,2031,953,7962,166,564 Claims000016,018,31416,018,314 Central business functions580,000353,000370,000495,000140,0001,938,000 Depreciation106,1602,658,078108,26320,37002,892,871 Total operating expenses9,455,1548,159,6366,597,6445,140,18922,919,30852,271,931 Operating income (loss)1,271,523(724,598)523,042221,0683,482,8784,773,913 Nonoperating revenues (expenses) Interest revenue1,439,282441,425143,22161,1611,215,9033,300,992 Interest expense(121,391)000(4,432,783)(4,554,174) Loss on sale of capital asset00(3,697)00(3,697) Amortization of issuance costs(2,308)000(38,765)(41,073) Total nonoperating revenues (expenses)1,315,583441,425139,52461,161(3,255,645)(1,297,952) Income (loss) before capital contributions and transfers2,587,106(283,173)662,566282,229227,2333,475,961 Capital contributions0466,975000466,975 Transfers in1,900,0002,819,5370004,719,537 Transfers out(939,000)(91,965)0(4,668)0(1,035,633) Change in net assets3,548,1062,911,374662,566277,561227,2337,626,840 Total net assets, July 1, 200725,712,51927,513,8822,574,345985,93212,429,31169,215,989 Total net assets, June 30, 200829,260,62530,425,2563,236,9111,263,49312,656,54476,842,829 City of Eugene, OregonG-4 Facilities Services Fund Schedule of Revenues, Expenses, and Changes in Fund Net Assets - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Rental income624,100663,220(16,000)647,220 Charges for services10,347,31310,079,346010,079,346 Miscellaneous1,350,0001,367,46371,9301,439,393 Total revenues12,321,41312,110,02955,93012,165,959 Expenses Current - departmental: Central services8,786,6958,441,907673,4149,115,321 Planning and development248,684233,6730233,673 Debt service244,000231,875(110,484)121,391 Capital outlay266,07729,810(29,810)0 Depreciation00106,160106,160 Amortization002,3082,308 Total expenses9,545,4568,937,265641,5889,578,853 Excess (deficiency) of revenues over expenses2,775,9573,172,764(585,658)2,587,106 Other financing sources (uses) Interfund loans issued and repaid(199,805)(199,805)199,8050 Transfers in1,900,0001,900,00001,900,000 Transfers out(1,519,000)(1,519,000)580,000(939,000) Total other financing sources (uses)181,195181,195779,805961,000 Change in net assets2,957,1523,353,959194,1473,548,106 Total net assets, July 1, 200725,229,76025,229,760482,75925,712,519 Total net assets, June 30, 200828,186,91228,583,719676,90629,260,625 City of Eugene, OregonG-5 Fleet Services Fund Schedule of Revenues, Expenses, and Changes in Fund Net Assets - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Intergovernmental1,8141,35701,357 Rental income21,00024,390024,390 Charges for services7,070,3797,121,84107,121,841 Miscellaneous1,471,000847,059(118,184)728,875 Total revenues8,564,1937,994,647(118,184)7,876,463 Expenses Current - departmental: Central services00353,000353,000 Public works10,634,0367,696,426(2,547,868)5,148,558 Capital outlay21,433000 Depreciation002,658,0782,658,078 Total expenses10,655,4697,696,426463,2108,159,636 Excess (deficiency) of revenues over expenses(2,091,276)298,221(581,394)(283,173) Other financing sources (uses) Capital contributions00466,975466,975 Interfund loan proceeds and repayments199,805199,805(199,805)0 Transfers in1,353,6001,353,6001,465,9372,819,537 Transfers out(353,000)(353,000)261,035(91,965) Total other financing sources (uses)1,200,4051,200,4051,994,1423,194,547 Change in net assets(890,871)1,498,6261,412,7482,911,374 Total net assets, July 1, 20077,661,2007,661,20019,852,68227,513,882 Total net assets, June 30, 20086,770,3299,159,82621,265,43030,425,256 City of Eugene, OregonG-6 Information Systems and Services Fund Schedule of Revenues, Expenses, and Changes in Fund Net Assets - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Charges for services7,016,9237,120,66507,120,665 Miscellaneous75,000139,1134,128143,241 Total revenues7,091,9237,259,7784,1287,263,906 Expenses Current - departmental: Central services6,983,4106,038,568450,8126,489,380 Depreciation00108,263108,263 Loss on sale of capital asset003,6973,697 Total expenses6,983,4106,038,568562,7726,601,340 Excess (deficiency) of revenues over expenses108,5131,221,210(558,644)662,566 Other financing sources (uses) Transfers out(370,000)(370,000)370,0000 Total other financing sources (uses)(370,000)(370,000)370,0000 Change in net assets(261,487)851,210(188,644)662,566 Total net assets, July 1, 20072,345,0072,345,007229,3382,574,345 Total net assets, June 30, 20082,083,5203,196,21740,6943,236,911 City of Eugene, OregonG-7 Professional Services Fund Schedule of Revenues, Expenses, and Changes in Fund Net Assets - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Licenses and permits010,581010,581 Intergovernmental110,000121,0310121,031 Charges for services5,988,2325,221,24505,221,245 Miscellaneous67,00066,3483,21369,561 Total revenues6,165,2325,419,2053,2135,422,418 Expenses Current - departmental: Central services00495,000495,000 Public works5,612,4764,570,65654,1634,624,819 Depreciation0020,37020,370 Total expenses5,612,4764,570,656569,5335,140,189 Excess (deficiency) of revenues over expenses552,756848,549(566,320)282,229 Other financing sources (uses) Transfers out(495,000)(495,000)490,332(4,668) Total other financing sources (uses)(495,000)(495,000)490,332(4,668) Change in net assets57,756353,549(75,988)277,561 Total net assets, July 1, 20071,077,7191,077,719(91,787)985,932 Total net assets, June 30, 20081,135,4751,431,268(167,775)1,263,493 City of Eugene, OregonG-8 Risk and Benefits Fund Schedule of Revenues, Expenses, and Changes in Fund Net Assets - Budget and Actual For the fiscal year ended June 30, 2008 (amounts in dollars) Actual BudgetGAAP BudgetbasisAdjustmentbasis Revenues Intergovernmental7,9659700970 Charges for services29,739,39726,379,283026,379,283 Miscellaneous1,148,0001,962,903(725,067)1,237,836 Total revenues30,895,36228,343,156(725,067)27,618,089 Expenses Current - departmental: Central services24,805,36022,282,083637,22522,919,308 Debt service4,086,0004,084,372348,4114,432,783 Amortization0038,76538,765 Total expenses28,891,36026,366,4551,024,40127,390,856 Excess (deficiency) of revenues over expenses2,004,0021,976,701(1,749,468)227,233 Other financing sources (uses) Transfers out(140,000)(140,000)140,0000 Total other financing sources (uses)(140,000)(140,000)140,0000 Change in net assets1,864,0021,836,701(1,609,468)227,233 Total net assets, July 1, 200712,130,20612,130,206299,10512,429,311 Total net assets, June 30, 200813,994,20813,966,907(1,310,363)12,656,544 ÑÌØÛÎ ÍËÐÐÔÛÓÛÒÌßÎÇ ÍÝØÛÜËÔÛÍ City of Eugene, OregonH-1 Schedule of Property Tax Transactions For the fiscal year ended June 30, 2008 (amounts in dollars) UncollectedAdjustments,Uncollected balancesCurrentinterest, andbalances Fiscal yearJuly 1, 2007year's levydiscountsCollectionsJune 30, 2008 1965-02662,7310(150,479)78,649590,901 200390,4220(1,680)(11,951)76,791 2004165,313016,429(87,357)94,385 2005420,022028,449(300,707)147,764 2006806,3700(337,676)(15,995)452,699 20072,051,4780(405,015)(721,358)925,105 2008087,807,231(3,047,791)(82,508,795)2,250,645 Totals4,196,33687,807,231(3,897,763)(83,567,514)4,538,290 Summary by fund type General Fund(70,801,982)3,858,641 Special Revenue Funds(3,314,718)204,110 Debt Service Funds(9,450,814)475,539 Totals(83,567,514)4,538,290 ø¬¸·­ °¿¹» ·²¬»²¬·±²¿´´§ ´»º¬ ¾´¿²µ÷ ÍÌßÌ×ÍÌ×ÝßÔ ÍÛÝÌ×ÑÒ ó Ú·²¿²½·¿´ Ì®»²¼­ øͽ¸»¼«´»­ ×óï ¬± ×óì÷ ¿²¼ ©»´´ó¾»·²¹ ¸¿ª» ½¸¿²¹»¼ ±ª»® ¬·³»ò 못²«» Ý¿°¿½·¬§ øͽ¸»¼«´»­ ×óë ¬± ×óè÷ ̸»­» ­½¸»¼«´»­ ½±²¬¿·² ·²º±®³¿¬·±² ¬± ¸»´° ¬¸» ®»¿¼»® ¿­­»­­ ¬¸» º¿½¬±®­ ¿ºº»½¬·²¹ ¬¸» Ý·¬§­ ¿¾·´·¬§ ¬± ¹»²»®ó ¿¬» ·¬­ °®±°»®¬§ ¬¿¨»­ò Ü»¾¬ Ý¿°¿½·¬§ øͽ¸»¼«´»­ ×óç ¬± ×óïì÷ ̸»­» ­½¸»¼«´»­ °®»­»²¬ ·²º±®³¿¬·±² ¬± ¸»´° ¬¸» ®»¿¼»® ¿­­»­­ ¬¸» ¿ºº±®¼¿¾·´·¬§ ±º ¬¸» Ý·¬§­ ½«®®»²¬ ´»ª»´ ±º ±«¬­¬¿²¼·²¹ ¼»¾¬ ¿²¼ ¬¸» Ý·¬§­ ¿¾·´·¬§ ¬± ·­­«» ¿¼¼·¬·±²¿´ ¼»¾¬ ·² ¬¸» º«¬«®»ò Ü»³±¹®¿°¸·½ ¿²¼ Û½±²±³·½ ײº±®³¿¬·±² øͽ¸»¼«´»­ ×óïë ¬± ×óïê÷ ̸»­» ­½¸»¼«´»­ ±ºº»® ¼»³±¹®¿°¸·½ ¿²¼ »½±²±³·½ ·²¼·½¿¬±®­ ¬± ¸»´° ¬¸» ®»¿¼»® «²¼»®­¬¿²¼ ¬¸» »²ª·®±²³»²¬ ¹±ª»®²³»²¬­ò Ñ°»®¿¬·²¹ ײº±®³¿¬·±² øͽ¸»¼«´»­ ×óïé ¬± ×óïç÷ ̸»­» ­½¸»¼«´»­ ½±²¬¿·² ·²º±®³¿¬·±² ¿¾±«¬ ¬¸» Ý·¬§­ ±°»®¿¬·±²­ ¿²¼ ®»­±«®½»­ ¬± ¸»´° ¬¸» ®»¿¼»® «²¼»®­¬¿²¼ ø¬¸·­ °¿¹» ·²¬»²¬·±²¿´´§ ´»º¬ ¾´¿²µ÷ City of Eugene, Oregon I-8 Ten Principal Property Taxpayers Current year and four years ago - unaudited (amounts in dollars) FY 2008FY 2004 PercentagePercentage of totalof total TaxabletaxableTaxabletaxable assessedassessedassessedassessed Taxpayervaluevaluevaluevalue Hynix Semiconductor554,577,7325.22%456,687,9355.21% Valley River Center LLC93,130,2120.88%77,129,5920.88% QWEST Corporation (formerly US West)72,468,9000.68%102,625,3601.17% PeaceHealth (formerly Sacred Heart Hospital)42,672,2570.40%26,828,1900.31% Molecular Probes, Inc.37,454,9900.35%00.00% Northwest Natural Gas Company36,583,0000.34%33,742,0000.38% Verizon Wireless VAW LLC34,622,3000.33%00.00% Chase Village LLC30,560,7890.29%00.00% Guard Publishing Company27,958,8350.26%28,550,2870.33% Trus Joist, Inc.25,341,6180.24%23,352,6500.27% McKay Investment Company00.00%18,781,6900.21% Metropolitan Life Insurance Company00.00%18,186,9510.21% SHLP Financing LLC00.00%28,476,4560.32% Subtotal955,370,6338.99%814,361,1119.29% All other taxpayers9,661,262,43391.01%7,958,736,60490.71% Total taxpayers 10,616,633,066100.00%8,773,097,715100.00% Notes a) Reliable top ten taxpayer information is not available prior to FY2004. Therefore, the City will use FY2004 for comparative purposes until FY2014. b) Molecular Probes, Inc., Verizon Wireless VAW LLC, and Chase Village LLC were not among the top ten taxpayers in FY2004. c) McKay Investment Company, Metropolitan Life Insurance Company, and SHLP Financing LLC were not among the top ten taxpayers in FY2008. Data source Lane County Department of Assessment and Taxation City of Eugene Finance Division City of Eugene, Oregon I-10 Ratio of General Bonded Debt Outstanding Last ten fiscal years - unaudited (amounts in dollars) General bonded debt outstanding GeneralPercentage obligationCertificates ofof real marketPer Fiscal yearbondsparticipationLimited tax bondsTotalvaluecapita 199923,035,0002,355,4258,517,56733,907,992 0.41% 254 200039,530,00020,765,3879,071,39369,366,780 0.70% 508 200137,750,00019,265,3508,315,17465,330,524 0.61% 471 200235,865,00017,665,00075,491,461129,021,461 1.21% 918 200342,010,00016,005,00076,053,652134,068,652 1.26% 942 200445,955,00016,310,00076,560,046138,825,046 1.24% 965 200543,300,00014,250,00077,013,970134,563,970 1.08% 930 200641,195,00012,075,00078,291,989131,561,989 0.93% 900 200739,660,0009,785,00070,659,254120,104,254 0.60% 808 200840,130,0007,365,00070,504,879117,999,879 0.52% 768 Notes a) Details regarding the City's outstanding debt can be found in the notes to the financial statements. b) All debt is shown net of unamortized premiums and discounts. c) Percentage of real market value was calculated using property value information from Schedule I-5. d) Debt per capita was calculated using population data from Schedule I-15. Data source City of Eugene Finance Division City of Eugene, Oregon I-11 Direct and Overlapping Governmental Activities Debt As of June 30, 2008 - unaudited (amounts in dollars) PercentageCity's share Debtapplicableof overlapping Governmental unitoutstandingto the Citydebt City of Eugene106,891,215100.0000%106,891,215 Less: Funds available for principal payment(627,668) City of Eugene net direct debt106,263,547 Junction City Water Control District301,2850.7718%2,325 Lane Community College54,018,98645.2977%24,469,358 Lane County94,941,64845.9046%43,582,584 Lane Education Service District8,135,00045.9911%3,741,376 River Road Park and Recreation District985,0000.2125%2,093 School District 4J193,065,00080.2611%154,956,093 School District 5233,350,00080.0091%26,683,035 Total overlapping debt253,436,864 Total direct and overlapping debt359,700,411 Data source Oregon State Treasury Debt Management Information System City of Eugene, Oregon I-14 Pledged-Revenue Coverage - Special Assessment Bonds Last ten fiscal years - unaudited (amounts in dollars) Special assessment Fiscal yearcollectionsPrincipalInterestDebt serviceCoverage 1999766,257620,00097,058717,0581.07 20001,086,762385,00095,152480,1522.26 2001742,566680,00090,631770,6310.96 2002662,621535,00064,149599,1491.11 2003371,393280,00039,563319,5631.16 2004327,059225,00028,650253,6501.29 2005140,707140,00018,530158,5300.89 2006102,930190,00010,540200,5400.51 2007266,270220,05752,192272,2490.98 2008255,922207,94643,556251,5021.02 Notes a) These bonds are backed by the full faith and credit of the City. Data source City of Eugene Finance Division City of Eugene, Oregon I-15 Demographic and Economic Statistics Last ten fiscal years - unaudited City of EugeneLane County Personal UnemploymentincomePer capita Fiscal yearPopulationratePopulation(thousands)income 1999133,4604.80%318,7307,825,02324,318 2000136,4905.00%320,9708,247,54425,494 2001138,6156.40%323,9508,420,55725,917 2002140,5506.70%325,9008,672,33726,471 2003142,3807.50%328,1508,846,99926,744 2004143,9106.80%329,4009,288,68027,943 2005144,6405.50%333,3509,811,89629,209 2006146,1604.90%336,08510,483,145 30,825 2007148,5954.68%339,740n/an/a 2008153,6904.70%343,140n/an/a Notes a) Personal income information is not available for the City. b) Personal and Per Capita income for Lane County was computed using Census Bureau midyear population estimates. c) Unemployment rates for 2007 forward use a fiscal year basis. Prior years used a calendar year basis. Data source Portland State University’s Center for Population Research and Census Bureau of Economic Analysis, U.S. Department of Commerce Bureau of Labor Statistics, U.S. Department of Labor - rates presented are annualized for the calendar year City of Eugene, Oregon I-16 Ten Principal Employers Current year and nine years ago - unaudited 20081999 PercentagePercentage of totalof total EmployerEmployeesemploymentEmployeesemployment PeaceHealth Medical Group4,3004.96%3,500n/a University of Oregon3,6764.24%3,300n/a Lane County1,7862.06%1,402n/a Eugene School District 4J1,4771.70%1,967n/a City of Eugene1,4511.67%1,348n/a Hynix Semiconductor1,1561.33%800n/a State of Oregon1,1001.27%0n/a Lane Community College7100.82%774n/a Bethel School District 527040.81%0n/a Datalogic Scanning6000.69%640n/a HMT Technologies00.00%750n/a Willamette Industries, Inc.00.00%600n/a Total16,96019.56%15,081n/a Notes a) This table excludes US Government employees working in Eugene as this information is not available. b) HMT Technologies and Willamette Industries were not one of the top ten employers in FY2008. c) State of Oregon and Bethel School District 52 were not one of the top ten employers in FY1999. Data source Eugene Chamber of Commerce Lane County Financial Services Bethel School District Eugene 4J School District University of Oregon City of Eugene, Oregon I-17 City Government Employees by Function/Program Last ten fiscal years - unaudited Function/Program Library, Fire andrecreation, emergencyandPlanning CentralmedicalculturalandPublic servicesservicesservicesdevelopmentPoliceworksTotal Fiscal year 20022251871511012954071,366 2003234192159962903921,363 2004236195168942933851,371 2005227200193912893901,390 20062302061901002933891,408 20072392041951133034031,457 20082382011901123034071,451 Notes a) This schedule was added with the implementation of GASB34, effective with FY2002. b) Number of employees is provided per Full-Time Equivalent (FTE) for full-time and part-time regular employees as of the last day of the fiscal year. c) FTE by function is not available prior to FY2002. Data source City of Eugene Finance Division City of Eugene, Oregon I-19 Capital Asset Statistics by Function/Program Last ten fiscal years - unaudited Fiscal Year 1999200020012002200320042005200620072008 Function/Program Fire and emergency medical services: Ambulances88889910101111 Fire stations10101010101011111111 Fire trucks25252525262423242329 Library, recreation, and cultural services: Amphitheatre1111111111 Performing arts center1111111111 Community centers8888888888 9-hole golf course1111111111 Indoor/outdoor pool3333333333 Police: Patrol vehicles55555557605151636365 Public works: Jogging and hiking trails (miles)15151516232727292929 On/off street biking trails (miles)117120112115119122122126130132 Park acreage2,0192,1592,2842,4002,4002,9022,9022,9023,1503,670 Streets maintained (miles)483487498501503510511516526538 Alleys (miles)49494343434343424242 Sidewalks (miles)583585601606616621622633654673 Drainage Lines (miles)473504508529506525518527567567 Sanitary sewers (miles)735741750754754770774781797807 Data source Individual City Departments ßËÜ×Ì ÝÑÓÓÛÒÌÍ ßÒÜ ÙÑÊÛÎÒÓÛÒÌ ßËÜ×Ì×ÒÙ ÍÌßÒÜßÎÜÍ ÍÛÝÌ×ÑÒÍ ßËÜ×Ì ÝÑÓÓÛÒÌÍ AUDIT COMMENTS (Comments and Disclosures Required by State Regulators) _________ Oregon Administrative Rules 162-010-050 through 162-010-320, of the Minimum Standards for Audits of Oregon Municipal Corporations, prescribed by the Secretary of State in cooperation with the Oregon State Board of Accountancy, enumerate the financial statements, schedules, comments and disclosures required in audit reports. The required financial statements and schedules are set forth in preceding sections of this report. Required comments and disclosures related to the audit of such statements and schedules are set forth following. (this page intentionally left blank) COMMENTS AND DISCLOSURES OF INDEPENDENT AUDITORS' REQUIRED BY STATE STATUTE To the Honorable Mayor, Members of the City Council and the City Manager City of Eugene, Oregon We have audited the financial statements and schedules of City of Eugene, Oregon as of and for the year ended June 30, 2008, and have issued our report thereon dated November 14, 2008. We conducted our audit in accordance with auditing standards generally accepted in the United States and the provisions of the Minimum Standards for Audits of Oregon Municipal Corporations, prescribed by the Secretary of State, and Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. Compliance with laws, regulations, contracts and grants applicable to the City of Eugene, Oregon is the responsibility of the City's management. As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we performed tests of the City’s compliance with certain provisions of laws, regulations, contracts and grants. However, our objective was not to provide an opinion on overall compliance with such provisions. Accordingly, we do not express such an opinion. Certain areas covered, as required by Oregon Administrative Rules 162-10-230 through 162-10-320, included but were not limited to the following: Accounting and Internal Control Structure - Our report on the accounting and internal control structure is presented separately under this cover. Programs Funded from Outside Sources - Reports related to such programs are presented separately under this cover. Financial Reporting Requirements - Whether financial reports and related data filed with other governmental agencies in conjunction with programs funded wholly or partially by such agencies were in agreement with or supported by the accounting records. Compliance with Legal or Other Requirements: Collateral - Pertaining to the amount and adequacy of collateral pledged by depositories to secure the deposit of public funds (see requirements for public fund deposits as specified in Oregon Revised Statutes (ORS) 295). Indebtedness - Relating to debt and the limitation on the debt amount, liquidation of debt within the prescribed period of time, and compliance with provisions of indentures or agreements, including restrictions on the use of monies available to retire indebtedness. Budget - Relating to the preparation, adoption and execution of the annual budget for the current fiscal year and the preparation and adoption of the budget for the next succeeding fiscal year (see ORS 294.305 to 294.565). Taxes on Motor Vehicle Use and Fuel and the use of a Road Fund - Pertaining to (as contained in Article IX, Section 3a of the Oregon constitution) the use of revenue from taxes on motor vehicle use and fuel and the use of a road fund (as contained in ORS 294 and 373). Insurance - Relating to insurance and fidelity bond coverage. Investments - Pertaining to the investment of public funds (see ORS Chapter 294.035 to 294.046). Public Contracts and Purchasing - Pertaining to (as contained in ORS Chapter 279) the awarding of public contracts and the construction of public improvements. The results of our tests indicate that with respect to the items tested, the City of Eugene, Oregon complied, in all material respects, with the provisions referred to above except for the following: 1. Overexpenditure of appropriations as noted in Note (3)(B) of the City’s financial statements. This report is intended for the information of the Honorable Mayor, members of the City Council, the City Manager and management for the City of Eugene, and the Secretary of State, Division of Audits, of the State of Oregon. However, this report is a matter of public record and its distribution is not limited. ISLER CPA By: Paul Nielson, CPA, a member of the firm Eugene, Oregon November 14, 2008 ÙÑÊÛÎÒÓÛÒÌ ßËÜ×Ì×ÒÙ ÍÌßÒÜßÎÜÍ Government Auditing Standards Report (this page intentionally left blank) REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS To the Honorable Mayor and Members of the City Council City of Eugene, Oregon We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of City of Eugene, Oregon, as of and for the year ended June 30, 2008, which collectively comprise the City’s basic financial statements and have issued our report thereon dated November 14, 2008. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Internal Control Over Financial Reporting In planning and performing our audit, we considered the City’s internal control over financial reporting as a basis for designing our auditing procedures for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of City’s internal control over financial reporting. A control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the City’s ability to initiate, authorize, record, process, or report financial data reliably in accordance with generally accepted accounting principles such that there is more than a remote likelihood that a misstatement of the City’s financial statements that is more than inconsequential will not be prevented or detected by the City’s internal control. A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the financial statements will not be prevented or detected by the City’s internal control. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and would not necessarily identify all deficiencies in internal control that might be significant deficiencies or material weaknesses. We did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses, as defined above. Compliance and Other Matters As part of obtaining reasonable assurance about whether the City's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. OMB Circular A-133 (Single Audit) Report ________ (this page intentionally left blank) REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE TO EACH MAJOR PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133 To the Honorable Mayor and Members of the City Council City of Eugene, Oregon Compliance We have audited the compliance of the City of Eugene with the types of compliance requirements described in the U.S. Office of Management and Budget (OMB) Circular A-133 Compliance Supplement that are applicable to each of its major federal programs for the year ended June 30, 2008. The City’s major federal programs are identified in the summary of auditors' results section of the accompanying schedule of findings and questioned costs. Compliance with the requirements of laws, regulations, contracts, and grants applicable to each of its major federal programs is the responsibility of the City’s management. Our responsibility is to express an opinion on the City’s compliance based on our audit. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States; and OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. Those standards and OMB Circular A-133 require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about the City’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal determination of the City's compliance with those requirements. In our opinion, the City complied, in all material respects, with the requirements referred to above that are applicable to each of its major federal programs for the year ended June 30, 2008. Internal Control Over Compliance The management of the City is responsible for establishing and maintaining effective internal control over compliance with the requirements of laws, regulations, contracts, and grants applicable to federal programs. In planning and performing our audit, we considered the City’s internal control over compliance with requirements that could have a direct and material effect on a major federal program in order to determine our auditing procedures for the purpose of expressing our opinion on compliance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the City's internal control over compliance. A control deficiency in entity’s internal control over compliance exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect noncompliance with a type of compliance requirement of a federal program on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the entity’s ability to administer a federal program such that there is more than a remote likelihood that noncompliance with a type of compliance requirement of a federal program that is more than inconsequential will not be prevented or detected by the entity’s internal control. CITY OF EUGENE, OREGON Schedule of Findings and Questioned Costs June 30, 2008 Section I - Summary of Auditor’s Results Financial Statements: Type of auditor’s report issued: Unqualified Internal control over financial reporting: Material weakness(es) identified? No Reportable condition(s) identified that are not considered to be material weaknesses? No Noncompliance material to financial statements noted? No Federal Awards: Internal control over major programs: Material weakness(es) identified? No Reportable condition(s) identified that are not considered to be material weaknesses? No Type of auditor’s report issued on compliance for major programs: Unqualified Any audit findings disclosed that are required to be reported in accordance with section 510(a) of Circular A-133? No Identification of Major Programs: Name of Federal Program or Cluster CFDA Numbers  10.676Forest Legacy Program 14.218Community Development Block Grants/Entitlement Grants 15.DAKBureau of Land Management Assistance Agreement 97.044Assistance to Firefighters Grant 97.074Law Enforcement Terrorism Prevention Program (LETPP) Dollar threshold used to distinguish between type A and type B programs: $375,338 Auditee qualified as low-risk auditee? Yes Section II - Financial Statement Findings None Section III - Federal Award Findings and Questioned Costs None City of Eugene, Oregon J-1 Schedule of Expenditures of Federal Awards For the fiscal year ended June 30, 2008 (amounts in dollars) Federal CFDAGrant Federal Grantor Program TitlenumbernumberExpenditures U.S. Department of Agriculture Grants passed through State of Oregon: Cooperative Forestry Assistance10.664CFA 05-0210,000$ Urban and Community Forestry Program10.675SPF 07-041,000 Forest Legacy Program10.6762007-DG-11062764-320460,000 Total U.S. Department of Agriculture471,000 U.S. Department of Housing and Urban Development Direct program: Community Development Block Grants/Entitlement Grants14.218B-06-MC-41-0001823,703 Community Development Block Grants/Entitlement Grants14.218B-07-MC-41-0001798,500 HOME Investment Partnerships Program 14.239M-05-DC-41-0200304,199 HOME Investment Partnerships Program 14.239M-06-DC-41-02001,489,339 HOME Investment Partnerships Program 14.239M-07-DC-41-0200425,717 Community Development Block Grants/BEDI14.246B-05-BD-41-0029195,000 Total U.S. Department of Housing and Urban Development4,036,458 U.S. Department of the Interior Direct program: Bureau of Land Management Assistance Agreement15.DAKHAA031M00427,797 Total U.S. Department of the Interior427,797 U.S. Department of Justice Direct program: Bulletproof Vest Partnership Program16.607na15,867 Public Safety Partnership and Community Policing Grants16.7102005-IN-WX-00171,630,236 Grants passed through Lane County Oregon: Edward Byrne Memorial Justice Assistance Grant Program16.7382005-DJ-BX-033042,984 Edward Byrne Memorial Justice Assistance Grant Program16.7382007-DJ-BX-107651,867 Grants passed through National Association of Police Athletic Leagues: Developing, Testing, and Demonstrating Promising New Programs16.541PALYEP 2006-07-OR0394,988 Total U.S. Department of Justice1,745,942 U.S. Department of Transportation Direct program: Airport Improvement Program20.1063-41-0018-35186,565 Airport Improvement Program20.1063-41-0018-3647,103 Airport Improvement Program20.1063-41-0018-37226,046 Airport Improvement Program20.1063-41-0018-381,005,229 Airport Improvement Program20.1063-41-0018-39385,920 Airport Improvement Program20.1063-41-0018-401,970,120 Grants passed through State of Oregon: Highway Planning and Construction20.2052221332,282 Highway Planning and Construction20.2052228115,130 Highway Planning and Construction20.205233599,733 Highway Planning and Construction20.2052211750,095 Highway Planning and Construction20.2052375069,121 continued J-1, continued City of Eugene, Oregon Schedule of Expenditures of Federal Awards For the fiscal year ended June 30, 2008 (amounts in dollars) Federal CFDAGrant Federal Grantor Program TitlenumbernumberExpenditures U.S. Department of Transportation, continued Grants passed through State of Oregon, continued: Highway Planning and Construction20.2052342322,673$ Highway Planning and Construction20.2052342215,653 Recreational Trails Program20.219RTP 06-1247,444 Grants passed through Lane Council of Governments: Highway Planning and Construction20.2052008-0021640,000 Grants passed through Oregon Association Chiefs of Police: State and Community Highway Safety20.6002007-20089,380 Minimum Penalties for Repeat Offenders for Driving While Intoxicated20.6082006-20075,720 Minimum Penalties for Repeat Offenders for Driving While Intoxicated20.6082007-20088,220 Total U.S. Department of Transportation4,146,434 National Endowment for the Arts Grants passed through Western States Arts Federation: Promotion of the Arts Partnership Agreements45.025TWP0702092,500 Total National Endowment for the Arts2,500 U.S. Environmental Protection Agency Direct program: Solid Waste Management Assistance Grants66.808X1-96030401-011,216 Total U.S. Environmental Protection Agency11,216 U.S. Department of Education Grants passed through Eugene School District 4J: Twenty-First Century Community Learning Centers84.287673380,682 Total U.S. Department of Education80,682 U.S. Department of Health and Human Services Grants passed through Oregon Association of Hospitals and Health Systems: National Bioterrorism Hospital Preparedness Program93.889na11,371 Total U.S. Department of Health and Human Services11,371 U.S. Department of Homeland Security Direct program: Assistance to Firefighters Grant97.044EMW-2006-FG-18081770,376 Staffing for Adequate Fire and Emergency Response (SAFER)97.083EMW-2005-FF-00527327,745 Grants passed through State of Oregon: Urban Areas Security Initiative97.00806-07610,519 State Homeland Security Program (SHSP)97.07306-21741,088 State Homeland Security Program (SHSP)97.07307-21637,528 Law Enforcement Terrorism Prevention Program (LETPP)97.07406-15996,894 Law Enforcement Terrorism Prevention Program (LETPP)97.07407-158293,712 Total U.S. Department of Homeland Security1,577,862 Total Federal Financial Assistance$ 12,511,262 Ý×ÌÇ ÑÚ ÛËÙÛÒÛô ÑÎÛÙÑÒ Ò±¬»­ ¬± 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