Page 47 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

CSD ZONES
Budgetary Comparison Statement
For the Year Ended June 30, 2025

Budgeted Amounts Variance with
Original Final Actual Final Budget
Revenues
Taxes
Property taxes $ 6,045,278 $ 6,045,278 $ 8,208,096 $ 2,162,818
Other taxes 7,328,090 7,738,149 8,094,611 356,462
Intergovernmental - - 56,087 56,087
Fees and charges for services 6,351,095 6,535,941 6,806,095 270,154
Use of money and property 1,164,220 1,164,220 1,785,388 621,168
Fines and forfeitures 24,897 24,897 4,606 (20,291)
Miscellaneous 14,500 1,200 17,122 15,922

Total revenues 20,928,080 21,509,685 24,972,005 3,462,320

Expenditures
Current

Community and cultural 17,974,474 19,195,729 20,925,802 (1,730,073)

Public works 8,056,865 8,181,865 7,413,312 768,553
Debt service
Principal retirement - - 177,952 (177,952)
Interest - - 55,945 (55,945)
Capital outlay 10,500 1,291,958 1,052,621 239,337

Total expenditures 26,041,839 28,669,552 29,625,632 (956,080)

Excess (deficiency) of revenues over expenditures (5,113,759) (7,159,867) (4,653,627) 2,506,240
Other financing sources (uses)
Transfers in 1,480,120 1,594,381 1,496,383 (97,998)
Transfers out (1) (87,671) (1,877,071) (1,840,560) 36,511
Lease acquisition - - 1,415,127 1,415,127
Total other financing sources (uses) 1,392,449 (282,690) 1,070,950 1,353,640
Net change in fund balances (3,721,310) (7,442,557) (3,582,677) 3,859,880
Fund balances - beginning of year 23,445,887 23,445,887 23,445,887 -

Fund balances - end of year $ 19,724,577 $ 16,003,330 $ 19,863,210 $ 3,859,880

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

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