Page 50 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

Statement of Fund Net Position
Proprietary Funds
June 30, 2025

Business-type Governmental
Activities Activities
Enterprise
Funds Internal
Electric Service Funds
Assets
Current assets
Pooled cash and investments (1) $ 92,734,837 $ 82,374,406
Receivables
Accounts 4,519,918 66
Inventories 1,365,404 73,796
Prepaid costs 90,694 863,252
Restricted
Cash with fiscal agent (1) 5,711 -
Total current assets 98,716,564 83,311,520
Noncurrent assets
Advances to other funds (3) - 20,147,223
Capital assets
Capital assets ‐ not being depreciated 11,332,772 -
Capital assets ‐ net of accumulated depreciation 74,985,813 10,447,315
Net OPEB asset 41,044 -
Total noncurrent assets 86,359,629 30,594,538
Total assets 185,076,193 113,906,058

Deferred outflows of resources
Deferred outflows of resources related to pensions 186,605 -
Deferred ouflows of resources related to OPEB 94,894 -
Deferred outflows ‐ Utility Network 4,081,977 -
Total deferred outflows of resources 4,363,476 -
Total assets and deferred outflows of resources $ 189,439,669 $ 113,906,058
Liabilities
Current liabilities
Accounts payable $ 6,677,524 $ 550,458
Accrued interest 239,785 -
Unearned revenue 31,240 -
Deposits payable 1,598,638 -
Compensated absences (2) 210,014 267,042
Self‐insurance payable (3) - 1,588,000
Bonds, notes and loans payable (2) 2,157,197 -
Total current liabilities 10,914,398 2,405,500
Noncurrent liabilities
Compensated absences (2) 140,009 178,029
Self‐insurance payable (3) - 2,934,000
Bonds, notes and loans payable (2) 46,112,006 -
Net pension liability 3,603,622 -
Total noncurrent liabilities 49,855,637 3,112,029
Total liabilities 60,770,035 5,517,529
Deferred inflows of resources
Deferred inflows of resources related to OPEB 148,000 -
Total deferred inflows of resources 148,000 -
Net position
Net investment in capital assets 37,896,263 10,447,315
Restricted for public purpose programs 14,338,812 -
Restricted for Net OPEB asset 41,044 -
Unrestricted 76,245,515 97,941,214

Total net position 128,521,634 108,388,529
Total liabilities, deferred inflows of resources and net position $ 189,439,669 $ 113,906,058

See accompanying Notes to the Basic Financial Statements:
(1) Note 3
(2) Note 6
(3) Note 11

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