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~' City of Eugene, Oregon .Exhibit 1
<br />- Statement of Net Assets
<br /> June 30,2008
<br /> (amounts in dollars)
<br />~ __' Governmental Business-type
<br />('_ Activities Activities Total
<br />'" '` Assets
<br />~ Current assets
<br /> Equity in pooled cash and investments 156,264,840 27,769,093 184,033,933
<br />'._ ~ Receivables (net of allowance) 22,335,067 4,622,907 26,957,974
<br />_ ~ Internal balances (7,226,584) 7,226,584 0
<br />- Due from other governments 5,318,014 1,179,861 6,497,875
<br />~~ Inventories 1,208,428 711,010 1,919,438
<br /> Prepaids and deposits 1,047,991 21,359 1,069,350
<br />i Assets held for resale 2,407,967 0 2,407,967
<br />'y Total current assets 181,355,723 41,530,814 222,886,537
<br /> Noncurrent assets
<br /> Loans and notes receivable 0 411,106 411,106
<br />`~ ' Deferred charges 1,319,175 17,707 1,336,882
<br />', ~ ~ Pension assets 62,588,051 0 62,588,051
<br />' Capital assets:
<br />( ;, Land and construction in progress 79,047,584 27,987,529 107,035,113
<br />.., Other capital assets (net of accumulated depreciation) 309,436,678 206,997,189 516,433,867
<br />' ~ _. Total noncurrent assets 452,391,488 235,413,531 687,805,019
<br />~ ~~ Tory 3„sc-'s 6' ,x.7.291 71fi,9-}u,345 910.69 556
<br />(.. -.,i Liabilities
<br /> Current liabilities
<br />--- Accounts payable 2,942,456 1,462,529 4,404,985
<br /> Wages payable 6,706,771 1,347,517 8,054,288
<br /> Compensated absences payable 7,400,069 1,520,475 8,920,544
<br />i ,-' Due to other govemments 1,211,909 212,513 1,424,422
<br /> Claims payable 9,450,514 0 9,450,514
<br />~ Deposits 1,318,261 765,151 2,083,412
<br />', (',, Notes and contracts payable 339,520 0 339,520
<br /> Interest payable 469,102 160,498 629,600
<br />' ~ ! Unearned revenue 3,337,407 1,072,886 4,410,293
<br />. Certificates of participation payable 2,525,000 0 2,525,000
<br />, Bonds payable 3,382,238 325,000 3,707,238
<br />' (' ,; Total current liabilities 39,083,247 6,866,569 45,949,816
<br />~ . ~ Noncurrent liabilities
<br /> Compensated absences payable 824,180 134,568 958,748
<br />-- Rebatable arbitrage 291,902 0 .291,902
<br />'' t'..", Notes and contracts payable 174,318 0 174,318
<br /> General obligation bond and revolving credit facility 4,980,000 0 4,980,000
<br />( ` Certificates of participation payable 4,840,000 0 4,840,000
<br /> Bonds payable (net of unamortized discount/premium) 96,788,340 5,164,006 101,952,346
<br />~ Net OPEB obligation 3,486,565 606,448 4,093,013
<br />', ( Total noncurrent liabilities 111,385,305 5,905,022 117,290,327
<br />- Total liabilities 150,468,552 12,771,591 163,240,143
<br />~
<br /> Net assets
<br />`- Invested in capitatassets (net of related debt) 337,614,504 229,495,712 567,110,216
<br />~ ~ Restricted for:
<br /> Capital projects 18,685,919 7,819,508 26,505,427
<br />~ Debt service 1,479,458 1,536,386 '' 3,015,844
<br /> Community development 12,345,467 0 12,345,467
<br /> Urban renewal 14,159,758 0 14,159,758
<br />', (- :; Other purposes 6,387,334 0 6,387,334
<br /> Unrestricted 92,606,219 25,321,148 117,927.367
<br />~ Total netua:;tts -16~,27E.659 264172.756 747.451,493
<br />~...
<br />'~ ~.
<br />The accompanying notes are an integral part of the financial statements.
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<br />25
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