Page 105 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

Notes to Financial Statements
For the Year Ended June 30, 2025

Note 11. Self-Insurance (Continued)

A reconciliation of changes in aggregate liabilities for claims for the current fiscal year and the
prior fiscal year is as follows:

General Workers’
Liability Compensation
Insurance Insurance Total
Amounts of accrued claims at June 30, 2023 $ 2,497,000 $ 1,537,000 $ 4,034,000
Incurred claims, representing the total of provision for events
for the current fiscal year and any changes (increase or
decrease) in the provision for events of prior fiscal years and
adjustments to estimates. 610,990 747,824 1,358,814
Payments on claims attributable to events of both the current
fiscal year and prior fiscal years. (280,990) (571,824) (852,814)
Amount of accrued claims at June 30, 2024 2,827,000 1,713,000 4,540,000
Incurred claims, representing the total of provision for events
for the current fiscal year and any changes (increase or
decrease) in the provision for events of prior fiscal years and
adjustments to estimates. (251,273) 806,570 555,297
Payments on claims attributable to events of both the current
fiscal year and prior fiscal years. (60,727) (512,570) (573,297)
Amount of accrued claims at June 30, 2025 $ 2,515,000 $ 2,007,000 $ 4,522,000

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