Page 125 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

NONMAJOR GOVERNMENTAL FUNDS

SPECIAL REVENUE FUNDS (CONTINUED):

HOME Fund
This fund is used to account for federal funds received from the U.S. Department of Housing and Urban
Development to be used to develop and implement programs that expand the supply of affordable housing
for low and very low income families.

Neighborhood Stabilization Grant Program Fund
This fund is used to account for the grant allocation received by the City from the U.S. Department
of Housing and Urban Development to address the foreclosure crisis and implement a neighborhood
stabilization program (NSP) aimed at assisting low-to-moderate income households, while targeting the
areas of the City most affected by the foreclosures.

Note this fund had no legally adopted budget adopted in FY 2024-2025.

Community Development Block Grant Fund
This fund is used to account for federal funds received from the U.S. Department of Housing and Urban
Development — Community Development Block Grant Program to be used for the development of suitable
housing environment and expansion of economic opportunities for low and moderate income families.

Emergency Solutions Grant Fund
This fund is used to account for federal funds received from the U.S. Department of Housing and Urban
Development to be used to assist, protect, and improve living conditions for the homeless and to provide
homeless prevention services for low-income families.
Article 3 Transportation Fund
This fund is used to account for the City’s share of Article 3 revenue restricted for construction of
pedestrian and bikeway projects.
CAPITAL PROJECTS FUNDS:

Facility Construction Fund
This fund is used to account for City facility related capital projects.

TUMF Capital Projects Fund
This fund is used to account for transportation capital projects funded by the City’s share of the
Transportation Uniform Mitigation Fee (TUMF) which is a mandatory development impact fee program in
Western Riverside County. This program, enacted by a two-thirds majority of voters in 2002, was designed
to pay for major roads and interchange projects that are needed to serve communities as a result of new
development. The Western Riverside Council of Governments (WRCOG) administers the program.

Traffic Signal Projects Fund
This fund is used to account for traffic signal projects funded by restricted revenues received from traffic
signal mitigation fees.

Parks and Community Services Development and Capital Projects Fund
This fund is used to account for parks acquisition and development projects, including general parks and
recreation capital projects, the development of new parks and recreation facilities, community parks,
neighborhood parks and sports facilities and for the major renovation of existing parks and facilities.

DIF Capital Projects Fund
This fund is used to account for construction of capital improvements by the development impact fee
(DIF) revenues.

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