Page 43 - 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
Fund
(Previous Year
Major Fund)
Nonmajor Total
Capital Projects Governmental Governmental
Grants Funds Funds
Revenues
Taxes
Property taxes $ - $ - $ 63,344,023
Sales taxes - - 41,156,071
Utility users taxes - - 21,582,335
Other taxes - 862,096 28,064,878
Licenses and permits - 1,517 5,222,471
Intergovernmental - 41,834,122 43,030,992
Fees and charges for services - 3,361,687 37,646,258
Use of money and property - 1,847,355 23,070,955
Fines and forfeitures - - 353,339
Miscellaneous - 486,699 2,346,108
Total revenues - 48,393,476 265,817,430

Expenditures
Current
General government - 2,608,450 34,707,729
Public safety - 783,501 86,418,992
Community and economic development - 3,033,904 21,773,018
Community and cultural - 10,694,119 31,619,921
Public works - 10,019,231 29,498,394
Debt service
Principal retirement - 23,850,449 24,989,755
Interest - 1,571,252 1,687,649
Capital outlay - 41,743,170 46,009,049
Total expenditures - 94,304,076 276,704,507
Excess (deficiency) of revenues over expenditures - (45,910,600) (10,887,077)
Other financing sources (uses)
Transfers in - 66,123,473 71,534,766
Transfers out (1) - (34,506,638) (83,657,228)
Lease acquisition - - 1,415,127
SBITA acquisition - - 446,070
Refunding bonds issued - 19,645,416 19,645,416
Bond premium/(discount) - 2,262,806 2,262,806
Total other financing sources (uses) - 53,525,057 11,646,957
Net change in fund balances - 7,614,457 759,880
Fund balances - beginning of year, as previously reported (994,866) 88,688,210 291,950,227
Change within financial reporting entity (major to non-major) 994,866 (994,866) -
Fund balances - beginning of year, as restated - 87,693,344 291,950,227
Fund balances - end of year $ - $ 95,307,801 $ 292,710,107

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

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