Page 45 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

GENERAL FUND
Budgetary Comparison Statement
For the Year Ended June 30, 2025

Budgeted Amounts Variance
with
Original Final Actual Final Budget
Revenues
Taxes
Property taxes $ 50,236,000 $ 53,552,015 $ 55,135,927 $ 1,583,912
Sales taxes 37,750,000 37,750,000 41,156,071 3,406,071
Utility users taxes 18,000,000 18,000,000 21,582,335 3,582,335
Other taxes 20,000,000 20,000,000 19,108,171 (891,829)
Licenses and permits 5,639,454 5,639,454 5,220,954 (418,500)
Intergovernmental 615,803 794,264 1,073,183 278,919
Fees and charges for services 14,969,973 15,002,973 15,117,785 114,812
Use of money and property 4,725,100 4,725,100 16,746,186 12,021,086
Fines and forfeitures 532,500 499,500 348,733 (150,767)
Miscellaneous 238,500 364,619 1,840,907 1,476,288
Total revenues 152,707,330 156,327,925 177,330,252 21,002,327
Expenditures
Current
General government
City council 1,164,811 1,052,419 1,033,665 18,754
City manager 2,953,057 3,458,593 4,896,069 (1,437,476)
City clerk 769,143 1,346,055 1,318,153 27,902
City attorney 1,094,769 1,094,769 1,711,469 (616,700)
Human resources 1,886,331 2,348,331 2,510,557 (162,226)
Financial and management services 15,916,472 15,967,365 13,680,871 2,286,494
Non‐departmental (3,065,950) (3,065,950) 5,002,854 (8,068,804)
Public safety
Police 64,711,911 64,723,898 57,362,427 7,361,471
Fire 30,364,784 30,242,275 28,273,064 1,969,211
Community and economic development 18,058,991 18,721,310 18,387,241 334,069
Community and cultural 1,000 1,000 - 1,000
Public works 13,357,433 13,901,282 12,065,851 1,835,431
Total current 147,212,752 149,791,347 146,242,221 3,549,126
Debt service
Principal retirement - - 961,354 (961,354)
Interest - - 60,452 (60,452)
Total debt service - - 1,021,806 (1,021,806)
Capital outlay 2,833,590 5,798,846 3,213,258 2,585,588
Total expenditures 150,046,342 155,590,193 150,477,285 5,112,908
Excess (deficiency) of revenues over expenditures 2,660,988 737,732 26,852,967 26,115,235
Other financing sources (uses)
Transfers in 2,940,159 5,880,514 2,585,080 (3,295,434)
Transfers out (1) (5,560,911) (6,683,010) (19,650,721) (12,967,711)
SBITA acquisition - - 446,070 446,070
Total other financing sources (uses) (2,620,752) (802,496) (16,619,571) (15,817,075)
Net change in fund balances 40,236 (64,764) 10,233,396 10,298,160
Fund balances - beginning of year 104,185,956 104,185,956 104,185,956 -
Fund balances - end of year $ 104,226,192 $ 104,121,192 $ 114,419,352 $ 10,298,160
See accompanying Notes to the Basic Financial Statements:
(1) Note 7

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