Page 231 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley

Pledged Revenue Coverage
Last Ten Years

Community Facilities District No. 5 of the City of Moreno Valley
Towngate Community Facilities District No. 87-1, 2007 Special Tax Refunding Bonds (Stoneridge)
Debt Service Debt Service
Fiscal Year Property Tax
Ended June 30, Special Tax Levy Increment Principal Interest Coverage Special Tax Levy Principal Interest Coverage
2016 $ - $ 1,190,000 $ 760,000 $ 253,381 1.17 $ 405,862 $ 65,000 $ 278,893 1.18
2017 - 1,175,245 790,000 218,431 1.17 368,314 75,000 275,775 1.05
2018 - 1,173,745 830,000 177,931 1.16 419,663 85,000 272,175 1.17

2019 - 1,171,595 870,000 136,106 1.16 429,694 95,000 268,125 1.18
2020 - 737,598 910,000 96,831 0.73 415,790 110,000 263,458 1.11
2021 - - - - - (1) - - - - (1)
2022 - - - - - - - - -
2023 - - - - - - - - -
2024 - - - - - - - - -
2025 - - - - - - - - -

Towngate Community Facilities District No. 87-1, Improvement No. 1 Special Tax Community Facilities District No. 7 Improvement Area 1 Special Tax
196
Refunding Bonds Bonds Series 2016
Fiscal Year Property Tax Debt Service Debt Service
Ended June 30, Special Tax Levy Increment Principal Interest Coverage Special Tax Levy Principal Interest Coverage
2016 $ 114,070 $ 280,000 $ 240,000 $ 115,739 1.11 $ - $ - $ - -
2017 16,083 275,803 250,000 105,170 0.82 - - - -
2018 115,220 278,123 260,000 93,851 1.11 189,410 - 94,088 2.01
2019 112,239 279,775 275,000 81,676 1.10 - 75,000 93,338 -
2020 88,489 277,188 290,000 68,536 1.02 0.00 75,000 91,388 0.00
2021 - - - - - (1) - - - - (1)
2022 - - - - - - - - -
2023 - - - - - - - - -
2024 - - - - - - - - -
2025 - - - - - - - - -

Notes:
(1) Starting in fiscal year 2021, with the implementation of GASB 84, Custodial Funds receiving tax levies (Special Tax) are accounted for as liabilities, therefore, excluded from the Pledged Revenue Coverage
calculation.

Data Source: City of Moreno Valley Financial and Management Services Department