Page 224 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley

Direct and Overlapping Debt

Fiscal Year 2024/25 Assessed Valuation $ 23,809,236,032

Total Debt City’s Share of Debt
OVERLAPPING TAX AND ASSESSMENT DEBT 6/30/2025 % Applicable (1) 6/30/2025
Metropolitan Water District $ 17,155,000 0.585% $ 100,357
Eastern Municipal Water District I.D. No U-22 1,080,000 99.134% 1,070,647
Riverside Community College District 478,850,423 14.577% 69,802,026
Mount San Jacinto Community College District 237,330,000 0.018% 42,719
Moreno Valley Unified School District 428,227,607 79.756% 341,537,210
San Jacinto Unified School District 69,055,000 0.516% 356,324
Val Verde Unified School District 307,156,948 27.203% 83,555,905
Moreno Valley Unified School District Community Facilities District No. 2002-1 7,538,287 100% 7,538,287
Moreno Valley Unified School District Community Facilities District No. 2003-1&2 11,945,517 100% 11,945,517
Moreno Valley Unified School District Community Facilities District No. 2004-1 1,805,000 100% 1,805,000
Moreno Valley Unified School District Community Facilities District No. 2004-2 5,100,243 100% 5,100,243
Moreno Valley Unified School District Community Facilities District No. 2004-3 2,575,000 100% 2,575,000
Moreno Valley Unified School District Community Facilities District No. 2004-4 3,405,000 100% 3,405,000
Moreno Valley Unified School District Community Facilities District No. 2004-5 3,060,000 100% 3,060,000
Moreno Valley Unified School District Community Facilities District No. 2004-6 27,920,532 100% 27,920,532
Moreno Valley Unified School District Community Facilities District No. 2005-1 6,000,000 100% 6,000,000
Moreno Valley Unified School District Community Facilities District No. 2005-2, 3, 4 & 5 20,080,000 100% 20,080,000
Moreno Valley Unified School District Community Facilities District No. 2007-1 4,485,000 100% 4,485,000
Moreno Valley Unified School District Community Facilities District No. 2015-2 6,090,000 100% 6,090,000
Moreno Valley Unified School District Community Facilities District No. 2015-3 3,900,000 100% 3,900,000
Moreno Valley Unified School District Community Facilities District No. 2016-1 5,020,000 100% 5,020,000
Moreno Valley Unified School District Community Facilities District No. 2017-1 3,510,000 100% 3,510,000
Moreno Valley Unified School District Community Facilities District No. 2018-1 9,825,000 100% 9,825,000
Moreno Valley Unified School District Community Facilities District No. 2019-1 5,290,000 100% 5,290,000
Moreno Valley Unified School District Community Facilities District No. 2019-2 4,920,000 100% 4,920,000
Moreno Valley Unified School District Community Facilities District No. 2020-1 3,925,000 100% 3,925,000
Moreno Valley Unified School District Community Facilities District No. 2023-1 8,535,000 100% 8,535,000
Val Verde Unified School District Community Facilities District No. 98-1 6,510,000 100% 6,510,000
Val Verde Unified School District Community Facilities District No. 2003-2 1,960,000 100% 1,960,000
Val Verde Unified School District Community Facilities District No. 2014-1 6,530,000 100% 6,530,000
Val Verde Unified School District Community Facilities District No. 2018-1 12,290,000 100% 12,290,000
Eastern Municipal Water District Community Facilities Districts 14,873,000 100% 14,873,000
City of Moreno Valley Community Facilities District No. 5 4,180,000 100% 4,180,000
City of Moreno Valley Community Facilities District No. 7, 1.A. No. 1 2,715,000 100% 2,715,000
TOTAL GROSS OVERLAPPING TAX AND ASSESSMENT DEBT $ 690,452,767
DIRECT AND OVERLAPPING GENERAL FUND DEBT:
Riverside County General Fund Obligations $ 1,134,209,783 5.610% $ 63,629,169
Riverside County Pension Obligations 603,055,000 5.610% 33,831,386
Riverside City Community College District Certificates of Participation 23,830,000 14.577% 3,473,699
Moreno Valley Unified School District Certificates of Participation 2,560,000 79.756% 2,041,754
San Jacinto Unified School District Certificates of Participation 36,090,000 0.516% 186,224
Val Verde Unified School District Certificates of Participation 30,880,000 27.203% 8,400,286
Western Municipal Water District Certificates of Participation 1,377,594 0.164% 2,259
City of Moreno Valley General Fund Obligations 41,465,021 100% 41,465,021
TOTAL DIRECT AND OVERLAPPING GENERAL FUND DEBT $ 153,029,798
OVERLAPPING TAX INCREMENT DEBT (Successor Agencies): $ 63,645,000 20.139 - 100% $ 43,200,584

TOTAL DIRECT DEBT 41,465,021
TOTAL OVERLAPPING DEBT 845,218,128
COMBINED TOTAL DEBT 886,683,149 (2)

Notes:
(1) The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable percentages were
estimated by determining the portion of the overlapping district’s assessed value that is within the boundaries of the city divided by the district’s
total taxable assessed value.
(2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and tax allocation bonds and non-bonded finance lease
obligations.

Ratios to FY 2024-25 Assessed Valuation:
Total Overlapping Tax and Assessment Debt 2.90%
Total Direct Debt ($41,465,021) 0.17%
Combined Total Debt 3.72%
Ratios to Redevelopment Succesor Agencies Incremental Valuation ($5,600,264,918):
Total Overlapping Tax Increment Debt 0.77%

Source: MuniServices, LLC/ Neumo
California Municipal Statistics, Inc

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