Page 60 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

Notes to Financial Statements
For the Year Ended June 30, 2025

Note 1. Organization and Summary of Significant Accounting Policies (Continued)

The CSD Zones Special Revenue Fund accounts for restricted property taxes for the
various Community Services District (CSD) programs. There are eleven zones within
the Community Services District providing services. Zone A - Parks and Community
Services provide citywide park maintenance and recreation programming. Lighting
Maintenance District (LMD) 2014-01 – Residential Street Lighting provides the funding
for the operation and maintenance of certain residential subdivision street lighting.
Zone C - Arterial and Intersection Street Lighting provides funding for the operation and
maintenance of certain arterial and intersection street lighting. Landscape Maintenance
District (LMD) 2014-02, Zone D and Zone E provide funding for the maintenance of
certain public landscaping throughout the City. Zone L - Library Services provides
funding for library services to City residents. Zone M - Medians provides funding for
the landscape maintenance of public medians within the City. Community Facilities
District (CFD) #1 provides funding for the maintenance of certain parks, trails and
class 1 bikeways. Zone S – Sunnymead Boulevard Maintenance provides funding for
the maintenance of certain landscape improvements along Sunnymead Boulevard.
Community Facilities District (CFD) 2021-01 Parks Facility Maintenance provides
funding for maintenance and repairs of certain parks and park improvements.

The Housing Authority accounts for the housing assets as a result of the dissolution
of the former Community Redevelopment Agency of the City.

The City reports the following major business-type fund:

The Electric Fund accounts for the operations of the City electric utility, with its basic
purpose to purchase and distribute electricity to customers in the City’s newly developed
areas under the “Greenfield” concept. The City began serving its first customers in
February 2004.

Additionally the government reports the following fund types:

Internal Service Funds account for financial transactions related to repair, replacement
and maintenance of City-owned vehicles and equipment, the City’s self-insurance
programs, unfunded liabilities, and the City’s general information systems and
telecommunications hardware and software. These services are provided to other
departments or agencies of the City on a cost reimbursement basis.

The Custodial Funds are used to report resources held by the City in a purely custodial
capacity, which includes assets held on behalf of customers and trustees for the
MSHCP Trust fund and various pass through activities.

The Private-Purpose Trust Fund accounts for the assets and liabilities of the former
redevelopment agency and its allocated revenue to pay estimated installment payments
of enforceable obligations until obligations of the former redevelopment agency are
paid in full and assets have been liquidated.

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