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CITY OF EUGENE, OREGON <br />Notes to Basic Financial Statements <br />(1) Summary of Significant Accounting Policies, continued <br />(D) Measurement Focus. Basis of Accounting, and Financial Statement Presentation, continued <br />Other Governmental Funds, continued <br />Special Revenue Funds, continued: <br />Solid Waste and Recycling <br />Special Assessment Management <br />Telecom Registration and Licensing <br />Transportation Utility <br />Urban Renewal Agency General <br />Urban Renewal Agency Riverfront <br />Youth and School Services Levy <br />Debt Service Funds: <br />General Obligation <br />Library <br />Special Assessment Bond <br />Urban Renewal Agency <br />Urban Renewal Agency Riverfront <br />Capital Projects Funds: <br />Road <br />Special Assessment <br />Urban Renewal Agency <br />Urban Renewal Agency Riverfront <br />(E) Self-insurance <br />The City retains a portion of the risk of loss for workers' compensation, general liability, and medical, dental, <br />and vision employee benefits. The amount estimated to be payable is based on an actuarial report of the <br />estimated ultimate loss, including incurred but not reported claims as of the Statement of Fund Net Assets date. <br />Claims payable include all incremental costs directly incurred as a result of a claim, and consider estimated <br />recoveries on both settled and unsettled claims. Claims expense is reduced by amounts recovered or <br />expected to be recovered. Claims liability/expense are accounted for in the City's basic financial statements in <br />an internal service fund. <br />(F) Equity in Pooled Cash and Investments <br />Policies adopted by the Investment Advisory Board and the Eugene City Council authorize the City to invest in <br />obligations of the U.S. Treasury and its agencies, time certificates of deposit, bankers' acceptances, municipal <br />bonds, corporate bonds, commercial paper, repurchase agreements, reverse repurchase agreements, and the <br />Oregon Local Government Investment Pool. <br />continued <br />42 <br />