Page 23 - Moreno Valley 2025 Annual Financial Report

Proprietary funds provide the same type of information as the government-wide financial statements,
only in more detail. The Electric Utility, the City’s only enterprise fund, is included in the Basic Financial
Statements. All internal service funds are combined into a single, aggregated presentation in the
proprietary funds financial statements. Individual fund data for the internal service funds is provided in
the form of combining statements in the supplementary section of the report.

Fiduciary funds - Fiduciary fund statements provide information about the financial relationships in which
the City acts solely as a trustee or agent for the benefit of others, to whom the resources belong. The City
is the trustee, or fiduciary. The City is responsible for ensuring that the assets reported in these funds are
used for their intended purposes. All of the City’s fiduciary activities are reported in a separate statement
of fiduciary net position and a statement of changes in fiduciary net position. We exclude these activities
from the City’s government-wide financial statements because the City cannot use these resources to
finance its operations.
Notes to the financial statements. The notes provide additional information that is essential to a full
understanding of the data provided in the government-wide and fund financial statements.

Financial Analysis of the Government-wide Statements

This section provides analysis of the government-wide financial statements including long-term and
short-term information about the City’s overall financial condition. The following graphs and tables
address the financial results of the City as a whole for the fiscal year ended June 30, 2025. Comparative
data from the fiscal year ended June 30, 2024 is also represented in the tables.

Analysis of Net Position

Net Position represents the difference between the City’s resources and its obligations. As noted earlier,
net position may serve as a useful indicator of a government’s financial position. The following graphs
and tables address the financial results of the City as a whole. The City’s combined net position as of
June 30, 2025 was $1.3 billion.

City of Moreno Valley’s Net Position

17.7%

14.4%

67.9%

Net Investment in Capital Assets Restricted Unrestricted

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