Page 207 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley

Change in Net Position
Last ten fiscal years
(accrual basis of accounting)

Fiscal Year
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Net (Expense)/Revenue
Governmental activities $ (75,981,553) $ (104,344,453) $ (112,119,812) $ (97,911,826) $ (123,182,491) $ (81,956,001) $ (76,647,327) $ (84,908,434) $ (118,127,037) $ (172,781,850)
Business-type activities 5,133,504 3,771,183 5,156,466 4,829,425 7,089,081 10,475,871 9,449,356 10,011,907 16,479,974 18,208,846
Total primary government net (expense)/revenue $ (70,848,049) $ (100,573,270) $ (106,963,346) $ (93,082,401) $ (116,093,410) $ (71,480,130) $ (67,197,971) $ (74,896,527) $ (101,647,063) $ (154,573,004)
General Revenues and Other Changes in Net
Position
Governmental activities:
Taxes:
Property taxes $ 33,418,804 $ 35,664,089 $ 38,152,053 $ 40,517,556 $ 44,284,961 $ 47,480,138 $ 49,694,895 $ 54,491,764 $ 59,981,500 $ 63,344,023
Transient occupancy taxes 1,416,343 1,852,584 2,344,159 2,433,358 2,731,202 3,638,959 4,731,985 4,787,129 4,281,245 4,074,962
Sales taxes 18,937,738 18,395,442 19,192,515 21,208,442 20,498,386 25,723,709 40,570,137 36,161,809 37,811,351 41,156,071
Franchise taxes 5,493,936 5,384,726 5,680,137 5,968,690 6,150,038 6,448,031 6,847,689 7,994,625 8,061,120 8,067,125
Business license taxes 2,249,400 2,291,816 2,351,794 2,451,260 2,461,291 2,664,404 2,668,645 2,959,202 3,018,980 2,944,235
Utility users taxes 15,824,481 15,613,484 15,629,102 15,483,806 15,499,534 16,361,233 17,708,256 19,501,114 19,496,246 21,582,335
Other taxes 6,529,065 6,464,018 6,678,812 6,892,345 6,988,270 8,250,581 7,433,316 10,842,736 11,004,419 11,150,466
Franchise in lieu taxes 293,022 288,383 620,349 617,101 644,760 728,885 858,828 1,051,159 957,522 1,184,196
Documentary transfer tax 740,120 719,514 767,591 833,082 935,133 739,434 1,314,039 954,975 633,336 643,894
183
Use of money and property 4,774,277 2,639,133 6,166,810 9,724,871 12,006,098 2,306,145 (7,101,511) 8,393,925 19,950,223 23,087,967
Miscellaneous 1,975,035 769,125 1,040,861 999,027 1,090,864 1,872,604 1,398,878 12,728,963 4,059,441 152,172
Gain (Loss) on disposal of capital assets - - - - - - - - - 82,756
Contributed capital - - 14,513,139 - - - - - - -
Transfers - - 300,000 5,354 147,460 - - - - -
Total governmental activities 91,652,221 90,082,314 113,437,322 107,134,892 113,437,997 116,214,123 126,125,157 159,867,401 169,255,383 177,470,202
Business-type activities
Use of property and money 202,544 129,253 47,572 504,300 810,852 380,035 (1,654,123) 910,770 3,181,854 5,536,661
Miscellaneous 2,124,605 209,279 293,756 231,497 182,689 266,864 223,827 1,584,151 1,294,187 315,249
Gain (Loss) on disposal of capital assets - - - - - - - - - (226,883)
Contributed capital - - 3,098,784 - - - - - - -
Transfers - - (300,000) (5,354) (147,460) - - - - -
Total business-type activities 2,327,149 338,532 3,140,112 730,443 846,081 646,899 (1,430,296) 2,494,921 4,476,041 5,625,027
Total primary government $ 93,979,370 $ 90,420,846 $ 116,577,434 $ 107,865,335 $ 114,284,078 $ 116,861,022 $ 124,694,861 $ 162,362,322 $ 173,731,424 $ 183,095,229
Change in Net Position
Government activities $ 15,670,668 $ (14,262,139) $ 1,317,510 $ 9,223,066 $ (9,744,494) $ 34,258,122 $ 49,477,830 $ 74,958,967 $ 51,128,346 $ 4,688,352
Business-type activities 7,460,653 4,109,715 8,296,578 5,559,868 7,935,162 11,122,770 8,019,060 12,506,828 20,956,015 23,833,873
Total primary government $ 23,131,321 $ (10,152,424) $ 9,614,088 $ 14,782,934 $ (1,809,332) $ 45,380,892 $ 57,496,890 $ 87,465,795 $ 72,084,361 $ 28,522,225

Source: City of Moreno Valley Financial and Management Services Department