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Urban Renewal Agency of the City of Eugene, Oregon Exhibit 1 <br />Statement of Net Assets <br />June 30, 2008 <br />(amounts in dollars) <br />Assets <br />Equity in pooled cash and investments 10,852,946 <br />Receivables (net of allowance) 777,121 <br />Due from other governments 224,544 <br />Other assets 2,406,160 <br />Capital assets: <br />Land and construction in progress 3,765,494 <br />Other capital assets (net of accumulated depreciation) 2,892,694 <br />Total assets 20,918,959 <br />Liabilities <br />Accounts payable and other liabilities 98,905 <br />Unearned revenue 2,108 <br />Total liabilities 101,013 <br />Net assets <br />Invested in capital assets <br />Unrestricted <br />6,658,188 <br />14,159,758 <br />Total net assets 20.817.946 <br />The accompanying notes are an integral part of the financial statements. <br />13 <br />