Page 126 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

NONMAJOR GOVERNMENTAL FUNDS

CAPITAL PROJECTS FUNDS (CONTINUED):

Public Works Capital Projects Fund
This fund is used to account for capital projects including co-op and reimbursement agreements with
Riverside County Flood Control (RCFC) and Eastern Municipal Water District (EMWD).

DEBT SERVICE FUNDS:

2014 Refunding of 2005 Lease Revenue Bonds
This fund is used to account for the accumulation of resources and for the payment of the refinancing of
the 2005 Lease Revenue Bonds.

2020 Refunding of TRIP COP 13A
This fund is used to account for the accumulation of resources and for the payment of the refinancing of
the 2013 TRIP Certificates of Participation.

2011 Private Placement Refunding 97 Lease Revenue Bonds
This fund is used to account for the accumulation of resources and for the payment of the refinancing of
the 1997 Lease Revenue Bonds.

Note this fund had an original budget that was amended to zero, no other activity or balance sheet balance
in FY 2024-2025.

2024 Refunding of 2014 Lease Revenue Bonds
This fund is used to account for the accumulation of resources and for the payment of the refinancing of
the 2014 Lease Revenue Bonds.

PERMANENT FUNDS:

Celebration Park Endowment Fund
This fund is used to account for the endowment program for Celebration Park. The principal endowment
amount was provided by a developer. The Parks and Community Services Department may use 85% of the
interest earned to sponsor a community event/activity at Celebration Park for the surrounding community
to enhance community pride and involvement.

Equestrian Trail Endowment Fund
This fund is used to account for the endowment program for the Equestrian Trail. The principal endowment
amount was provided by a developer. The interest earned will be used for the benefit of citywide trail use,
maintenance, education and other trail-related costs.

Rockridge Park Endowment Fund
This fund is used to account for the endowment program provided for Rockridge Park. The principal
endowment was provided by a developer. The interest earned will be used to provide recreational
opportunities to the surrounding development areas.

NPDES Endowment Fund
This fund is used to account for the endowment program provided for property owners to facilitate
compliance with regulations set forth by the Federal Clean Water Act and State Water Resources Control
Board. The principal endowment was provided by a property owner. The interest earned will be used for
the benefit of the National Pollutant Discharge Elimination System (NPDES) program.

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