Page 226 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley

Legal Debt Margin
Last Ten Fiscal Years
(dollars in thousands)

Legal Debt Margin Calculation for Fiscal Year 2025:

Assessed Value $ 23,830,433
Debt Limit (15% of assessed value) 3,574,565
Debt applicable to limit:
-
Total net debt applicable to limit $ -
Fiscal Year
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Assessed Valuation (in thousands) $ 13,082,108 $ 13,909,814 $ 14,693,509 $ 15,633,325 $ 17,135,121 $ 18,340,853 $ 19,207,905 $ 20,881,886 $ 22,672,410 $ 23,830,433
Conversion percentage 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

Adjusted assessed valuation (in thousands) 3,270,527 3,477,454 3,673,377 3,908,331 4,283,780 4,585,213 4,801,976 5,220,472 5,668,103 5,957,608
Debt limit percentage 15% 15% 15% 15% 15% 15% 15% 15% 15% 15%

Debt Limit (in thousands) 490,579 521,618 551,007 586,250 642,567 687,782 720,296 783,071 850,215 893,641
Total net debt applicable to limit - - - - - - - - - -
193
Legal debt margin (in thousands) 490,579 521,618 551,007 586,250 642,567 687,782 720,296 783,071 850,215 893,641
Total net debt applicable to the limit as a percentage
of the debt limit $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -

Source: City of Moreno Valley Financial and Management Services Department
County of Riverside Auditor-Controller