Page 53 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2025

Business‐type Governmental
Activities Activities
Enterprise
Funds Internal
Electric Service Funds
Reconciliation of operating income (loss) to net cash provided by (used
for) operating activities:
Operating income (loss) $ 19,876,325 $ (8,017,202)
Adjustments to reconcile operating income (loss) to net cash provided by
(used for) operating activities
Depreciation 3,006,896 1,215,509
Amortization 177,477 -
(Increase) decrease in assets:
Customer receivables 38,792 19,995
Prepaid cost 4,964 (846,461)
Deferred outflows related to pension 198,363 -
Deferred outflows related to OPEB 50,152 -
Inventories (470,177) (24,250)
Increase (decrease) in liabilities:
Accounts payable 3,533,624 (249,781)
Deposit payable (157,623) -
Unearned revenue 31,240 -
Self insurance payable - (18,000)
Net pension liability 714,682 -
OPEB liability (154,582) -
Deferred inflows related to pension (29,482) -
Deferred inflows related to OPEB 78,578 -
Compensated absences 111,292 95,396
Net cash provided by (used for) operating activities $ 27,010,521 $ (7,824,794)

Non‐Cash Investing, Capital, and Financing Activities:
Developer contributed $ 127,524 $ -
Amortization of bond premium/discount (159,815) -
Increase in retention payable 115,000 -

See accompanying Notes to the Basic Financial Statements

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