Page 42 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

Statement of Revenues, Expenditures and Changes in Fund Balance
Governmental Funds
For the Year Ended June 30, 2025

Special Revenue Funds

Development Housing
General Fund Impact Fees CSD Zones Authority
Revenues
Taxes
Property taxes $ 55,135,927 $ - $ 8,208,096 $ -
Sales taxes 41,156,071 - - -
Utility users taxes 21,582,335 - - -
Other taxes 19,108,171 - 8,094,611 -
Licenses and permits 5,220,954 - - -
Intergovernmental 1,073,183 - 56,087 67,600
Fees and charges for services 15,117,785 12,360,691 6,806,095 -
Use of money and property 16,746,186 2,098,130 1,785,388 593,896
Fines and forfeitures 348,733 - 4,606 -
Miscellaneous 1,840,907 - 17,122 1,380

Total revenues 177,330,252 14,458,821 24,972,005 662,876

Expenditures
Current
General government 30,153,638 1,945,641 - -
Public safety 85,635,491 - - -
Community and economic development 18,387,241 - - 351,873
Community and cultural - - 20,925,802 -
Public works 12,065,851 - 7,413,312 -
Debt service
Principal retirement 961,354 - 177,952 -
Interest 60,452 - 55,945 -
Capital outlay 3,213,258 - 1,052,621 -

Total expenditures 150,477,285 1,945,641 29,625,632 351,873

Excess (deficiency) of revenues over expenditures 26,852,967 12,513,180 (4,653,627) 311,003

Other financing sources (uses)
Transfers in 2,585,080 1,329,830 1,496,383 -

Transfers out (1) (19,650,721) (27,659,309) (1,840,560) -
Lease acquisition - - 1,415,127 -
SBITA acquisition 446,070 - - -
Refunding bonds issued - - - -
Bond premium/(discount) - - - -

Total other financing sources (uses) (16,619,571) (26,329,479) 1,070,950 -

Net change in fund balances 10,233,396 (13,816,299) (3,582,677) 311,003
Fund balances - beginning of year, as previously reported 104,185,956 38,905,950 23,445,887 37,719,090

Change within financial reporting entity (major to non-major) - - - -

Fund balances - beginning of year, as restated 104,185,956 38,905,950 23,445,887 37,719,090
Fund balances - end of year $ 114,419,352 $ 25,089,651 $ 19,863,210 $ 38,030,093

See accompanying Notes to the Basic Financial Statements:
(1) Note 7

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