Page 3 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

Annual Comprehensive Financial Report
Fiscal Year Ended June 30, 2025

Table of Contents
PAGE
INTRODUCTORY SECTION
Letter of Transmittal I
Municipal Officials VI
Organizational Chart VII
GFOA Certificate of Achievement for Excellence in Financial Reporting VIII
FINANCIAL SECTION

Independent Auditor’s Report 1

Management’s Discussion and Analysis 4

Basic Financial Statements

Government-wide Financial Statements
Statement of Net Position 18
Statement of Activities 19

Governmental Fund Financial Statements
Balance Sheet – Governmental Funds 22
Reconciliation of Balance Sheet to the Statement of Net Position 24
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds 25
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances to the Statement of Activities 27
Budgetary Comparison Statements
General Fund 28
Development Impact Fees Special Revenue Fund 29
CSD Zones Special Revenue Fund 30
Housing Authority Special Revenue Fund 31
Proprietary Funds
Statement of Fund Net Position 33
Statement of Revenues, Expenses and Changes in Fund Net Position 34
Statement of Cash Flows 35

Fiduciary Funds
Statement of Fiduciary Net Position 38
Statement of Changes in Fiduciary Net Position 39

Notes to Financial Statements 40

Required Supplementary Information
Schedule of Changes in Net Pension Liability and Related Ratios 94
Schedule of Pension Plan Contributions 95
Schedule of Changes in Net OPEB Liability and Related Ratios 96
Schedule of Contributions – OPEB 97
Schedule of Investment Returns - OPEB 98