Page 56 - Moreno Valley 2025 Annual Financial Report
P. 56
City of Moreno Valley, California
Statement of Changes in Fiduciary Net Position
For the Year Ended June 30, 2025
Private‐Purpose
Trust Funds
Successor Agency
of the Former RDA Custodial Funds
Additions
Investment earnings
Interest $ 3,239 $ -
Total investment earnings 3,239 -
Revenues
Taxes 4,273,140 -
Receipts from property owners - 7,301,192
Total revenues 4,273,140 7,301,192
Total additions 4,276,379 7,301,192
Deductions
Administrative expenses 255,755 -
Contractual services 59,828 -
Interest expenses 1,976,871 -
Due to trustee - 417,200
Payments to trustee - 6,883,992
Total deductions 2,292,454 7,301,192
Net increase (decrease) in fiduciary net position 1,983,925 -
Net position - beginning of year (48,049,309) -
Net position - end of year $ (46,065,384) $ -
See accompanying Notes to the Basic Financial Statements
39
