Page 37 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

Statement of Activities
For the Year Ended June 30, 2025

Net (Expense) Revenue and Changes in Net Position
Primary Government
Governmental Business‐type
Functions/Programs Activities Activities Total
Primary government:
Governmental activities:
General government $ (44,668,431) $ - $ (44,668,431)
Public safety (82,923,885) - (82,923,885)
Community and economic development 5,845,918 - 5,845,918
Community and cultural (20,409,021) - (20,409,021)
Public works (29,773,806) - (29,773,806)
Interest (852,625) - (852,625)
Total Governmental activities (172,781,850) - (172,781,850)
Business‐type activities:
Electric - 18,208,846 18,208,846
Total Business‐type activities - 18,208,846 18,208,846
Total Primary government $ (172,781,850) $ 18,208,846 $ (154,573,004)
General revenues:
Taxes
Property taxes 63,344,023 - 63,344,023
Transient occupancy taxes 4,074,962 - 4,074,962
Sales taxes 41,156,071 - 41,156,071
Franchise taxes 8,067,125 - 8,067,125
Business license taxes 2,944,235 - 2,944,235
Utility users taxes 21,582,335 - 21,582,335
Other taxes 11,150,466 - 11,150,466
Franchise in lieu of taxes 1,184,196 - 1,184,196
Documentary transfer tax 643,894 - 643,894
Use of money and property 23,087,967 5,536,661 28,624,628
Miscellaneous 152,172 315,249 467,421
Gain (Loss) on disposal of capital assets 82,756 (226,883) (144,127)
Total General revenues 177,470,202 5,625,027 183,095,229
Change in net position 4,688,352 23,833,873 28,522,225
Net position ‐ beginning of year 1,214,324,980 104,687,761 1,319,012,741
Net position ‐ end of year $ 1,219,013,332 $ 128,521,634 $ 1,347,534,966

See accompanying Notes to the Basic Financial Statements

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