Page 35 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

Statement of Net Position
June 30, 2025
Primary Government
Governmental Business-type
Activities Activities Total
Assets
Current assets
Pooled cash and investments (1) $ 373,224,898 $ 92,734,837 $ 465,959,735
Receivables
Accounts 3,856,065 4,519,918 8,375,983
Notes and loans (2) 49,424,739 - 49,424,739
Notes to Successor Agency (2) 7,938,341 - 7,938,341
Leases (2) 342,716 - 342,716
Interest 6,454,077 - 6,454,077
Prepaid 1,866,458 90,694 1,957,152
Due from other governments 30,653,746 - 30,653,746
Inventories 73,796 1,365,404 1,439,200
Land held for resale 3,467,471 - 3,467,471
Restricted assets
Cash and investments (1) 5,635,925 - 5,635,925
Cash with fiscal agents (1) 26,277 5,711 31,988
Total current assets 482,964,509 98,716,564 581,681,073
Noncurrent assets
Leases (2) 10,521,851 - 10,521,851
Capital assets ‐ not being depreciated (3) 356,315,268 11,332,772 367,648,040
Capital assets ‐ net of accumulated depreciation/amortization (3) 563,277,574 74,985,813 638,263,387
Net OPEB asset 812,256 41,044 853,300
Total noncurrent assets 930,926,949 86,359,629 1,017,286,578
Total assets 1,413,891,458 185,076,193 1,598,967,651
Deferred outflows of resources
Deferred outflows of resources related to pensions (5) 7,924,786 186,605 8,111,391
Deferred outflows of resources related to OPEB (6) 1,877,945 94,894 1,972,839
Deferred loss on refunding of debt 1,915,900 - 1,915,900
Deferred outflows ‐ Utility Network - 4,081,977 4,081,977
Total deferred outflows of resources 11,718,631 4,363,476 16,082,107
Liabilities
Current liabilities
Accounts payable 28,257,653 6,677,524 34,935,177
Accrued liabilities 6,201,767 - 6,201,767
Accrued interest 224,818 239,785 464,603
Unearned revenue 6,683,826 31,240 6,715,066
Deposits payable 11,737,010 1,598,638 13,335,648
Due to other governments 6,694,036 - 6,694,036
Compensated absences payable (4) 6,202,381 210,014 6,412,395
Claims and judgements payable (7) 1,588,000 - 1,588,000
Long term debt ‐ net of unamortized premium (4) 3,679,406 2,157,197 5,836,603
Total current liabilities 71,268,897 10,914,398 82,183,295
Noncurrent liabilities
Compensated absences payable (4) 4,134,921 140,009 4,274,930
Claims and judgements payable (7) 2,934,000 - 2,934,000
Long term debt ‐ net of unamortized premium (4) 37,785,615 46,112,006 83,897,621
Net pension liability (5) 77,559,047 3,603,622 81,162,669
Total noncurrent liabilities 122,413,583 49,855,637 172,269,220
Total liabilities 193,682,480 60,770,035 254,452,515
Deferred inflows of resources
Deferred inflows of resources related to OPEB (6) 2,928,926 148,000 3,076,926
Deferred inflows of resources related to leases 9,985,351 - 9,985,351
Total deferred inflows of resources 12,914,277 148,000 13,062,277
Net position
Net investment in capital assets 877,124,028 37,896,263 915,020,291
Restricted for
Expendable
Community development projects 46,277,224 - 46,277,224
Public safety 1,016,898 - 1,016,898
Community and cultural 19,846,381 - 19,846,381
Public works 61,871,293 - 61,871,293
Capital projects 41,499,984 - 41,499,984
Debt service 6,038,300 - 6,038,300
Permanent funds 82,251 - 82,251
Public purpose programs - 14,338,812 14,338,812
Water quality 2,738,778 - 2,738,778
Net OPEB asset 812,256 41,044 853,300
Unrestricted 161,705,939 76,245,515 237,951,454
Total net position $ 1,219,013,332 $ 128,521,634 $ 1,347,534,966
See accompanying Notes to the Basic Financial Statements:
(1) Note 3 (3) Note 5 (5) Note 8 (7) Note 11
(2) Note 4 (4) Note 6 (6) Note 9

18