Page 44 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances to the Statement of Activities
For the Year Ended June 30, 2025

Net change in fund balances ‐ total government funds $ 759,880
Amounts reported for governmental activities in the statement of activities
are different because:
Governmental funds report capital outlay as expenditures and do not report
donated capital assets. However, in the statement of activities the cost of
those assets is allocated over their estimated useful lives and reported as
depreciation expense

Capital outlay, net of disposals 43,625,526
Depreciation and amortization expense (39,635,512)
3,990,014
Refunding bonds issued (19,645,416)
Bond premium/(discount) (2,262,806)
Repayment of debt 23,850,449
Amortization of bond premiums 1,004,695
Principal payments of lease and SBITA 1,244,757
Deferred charge (136,850)
Lease and SBITA acquisitions (4,055,132)
(303)
Accrued interest for long‐term receivables. This is the net change in accrued
interest for the current period 17,012
Accrued interest for long‐term liabilities. This is the net change in accrued
interest for the current period (32,821)
Compensated absences expenses reported in the statement of activities
do not require the use of current financial resources and, therefore, are not
reported as expenditures in governmental funds (570,891)
Revenues reported as unavailable revenue in the governmental funds
are recognized in the statement of activities. These are included in the
intergovernmental revenues in the governmental fund activity 1,886,918
Pension and OPEB expenses reported in the statement of activities do
not require the use of current financial resources and, therefore, are not
reported as expenditures in governmental funds. This is the amount by which
actuarially calculated pension/OPEB expense exceeded the contributions
during the year (5,549,472)
Internal service funds are used by management to charge the costs of certain
activities, such as equipment management and self‐insurance, to individual
funds. The change in net position of the internal service funds is reported with
the governmental funds 4,188,015
Change in net position of governmental activities $ 4,688,352

See accompanying Notes to the Basic Financial Statements

27