Page 195 - 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

Equipment
Fleet Replacement Unfunded Total Internal
Operations Reserve Liabilities Service Funds
Operating revenues
Sales and service charges $ 2,416,273 $ 1,075,235 $ - $ 8,938,601
Miscellaneous - - - 267,126
Total operating revenues 2,416,273 1,075,235 - 9,205,727
Operating expenses
Cost of services 2,063,053 - - 11,637,222
Depreciation expense 10,795 - - 1,215,509
Self‐insurance claims and charges - - - 4,370,198
Total operating expenses 2,073,848 - - 17,222,929
Operating income (loss) 342,425 1,075,235 - (8,017,202)
Non-operating revenues (expenses)
Gain (loss) on disposal of capital assets 60,503 22,253 - 82,756
Total nonoperating revenues (expenses) 60,503 22,253 - 82,756
Income (loss) before transfers and contributions 402,928 1,097,488 - (7,934,446)
Transfers and contributions
Transfers in (1) 45,000 - 570,892 15,505,892
Transfers out (1) (2,516,298) - - (3,383,431)
Total transfers and contributions (2,471,298) - 570,892 12,122,461
Change in net position (2,068,370) 1,097,488 570,892 4,188,015
Total net position - beginning of year 12,627,190 25,061,474 9,321,339 104,200,514
Total net position - end of year $ 10,558,820 $ 26,158,962 $ 9,892,231 $ 108,388,529

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