Page 194 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

Combining Statement of Revenues, Expenses, and Changes in Net Position
Internal Service Funds
For the Year Ended June 30, 2025

General Workers’
Liability Compensation Technology Facilities
Insurance Insurance Services Maintenance
Operating revenues
Sales and service charges $ 1,059,332 $ 471,533 $ - $ 3,916,228
Miscellaneous 24,602 47,524 195,000 -
Total operating revenues 1,083,934 519,057 195,000 3,916,228
Operating expenses
Cost of services 1,826,491 137,589 - 7,610,089
Depreciation expense - - 807,698 397,016
Self‐insurance claims and charges 3,276,423 1,093,775 - -
Total operating expenses 5,102,914 1,231,364 807,698 8,007,105
Operating income (loss) (4,018,980) (712,307) (612,698) (4,090,877)
Non-operating revenues (expenses)
Income (loss) before transfers and contributions (4,018,980) (712,307) (612,698) (4,090,877)
Transfers and contributions
Transfers in (1) 3,665,000 - 725,000 10,500,000
Transfers out (1) - - - (867,133)
Total transfers and contributions 3,665,000 - 725,000 9,632,867
Change in net position (353,980) (712,307) 112,302 5,541,990
Total net position - beginning of year 3,001,397 2,727,726 13,215,088 38,246,300
Total net position - end of year $ 2,647,417 $ 2,015,419 $ 13,327,390 $ 43,788,290

172