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<br />The enterprise funds, all of which are considered to be major funds of the City, are reported separately as proprietary
<br />' fund financial statements in the basic financial statements. Conversely, all internal service funds are combined into a
<br />single, aggregated presentation in the proprietary fund financial statements. Individual fund data for the internal service
<br />funds is provided as other supplementary information in the form of combining statements at G-1, G-2, and G-3.
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<br />-~ The City adopts an annual appropriated .budget for all proprietary.funds. To demonstrate compliance with the budget,
<br />- budgetary comparison statements have been provided for the enterprise funds as other supplementary information at F-
<br />1 1 though F-5. Budgetary comparisons for the internal service funds are provided as other supplementary information at
<br />G-4 through G-8. The proprietary fund financial statements can be found at Exhibits 6, 7, and 8 in the basic financial
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<br />'_ _= statements.
<br />Notes to the basic financial statements. The notes provide additional information that is essential for a full
<br />understanding of the data provided in the government-wide and fund financial statements. They are an integral part of
<br />the financial statements and should be read in conjunction with them.
<br />Required supplementary information. In addition to the basic financial statements and accompanying notes, this
<br />report also presents certain required supplementary information concerning budgetary comparisons for the General
<br />Fund and Community Development Fund, information about the City's progress in funding its obligation to provide
<br />pension and other post employment benefits to its employees, and the budget to GAAP reconciliation schedule.
<br />Other supplementary information. The combining statements and schedules referred to earlier and the schedules of
<br />property tax and bonded debt transactions follow the required supplementary information in this report.
<br />Government-wide Financial Analysis
<br />As noted earlier, net assets may serve overtime as a useful indicator of a government's financial position. In the case
<br />of the City, assets exceeded liabilities by $748.2 million at the close of the fiscal year ending June 30, 2008.
<br /> City of Eugene's Net Assets
<br /> Governmental Activities Business-type Activities Total
<br /> 2008 2007 2008 2007 2008 2007
<br />Capital assets $ 388,484,262 368,160,483 234,984,718 229,939,851 623,468,980 598,100,334
<br />Other assets 245,262,949 252,053,219 41,959,627 40,628,955 287,222,576 292,682,174
<br />Total assets 633,747,211 620,213,702 276,944,345 270,568,806 910,691,556 890,782,508
<br />Noncurrent liabilities 111,385,305 110,722,635 5,905,022 5,866,607 117,290,327 116,589,242
<br />Other liabilities 39,083,247 38,834,079 6,866,569 5,816,386 45,949,816 44,650,465
<br />Total liabilities 150,468,552 149,556,714 12,771,591 11,682,993 163,240,143 161,239,707
<br />Net assets:
<br />Invested in capital assets,
<br />net of related debt 337,614,504 317,131,090 229,495,712 223,163,869 567,110,216 540,294,959
<br />Restricted 53,057,936 60,354,922 9,355,894 6,580,867 62,413,830 66,935,789
<br />Unrestricted 92,606,219 93,170,976 25,321,148 29,141,077 117,927,367 122,312,053
<br />Total net assets $ 483,278,659 470,656,988 264,172,754 258,885,813 747,451,413 729,542,801
<br />The largest portion of the City's net assets is its investment in capital assets, less any related debt used to acquire
<br />these assets that are still outstanding. Although the City's investment in its capital assets is reported net of related debt,
<br />the resources needed to repay ,this debt must be provided from other sources since the capital assets themselves
<br />cannot be used to liquidate these liabilities.
<br />An additional portion of the City's net assets, $62.4 million (8.4%), represents resources that are subject to external
<br />restrictions on how they may be used. The remaining balance of net assets $117.9 million (15.8%) are unrestricted and
<br />may be used to meet the government's ongoing obligations to citizens and creditors.
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