Page 79 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

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

Note 5. Capital Assets

The following is a schedule of changes in governmental activities capital assets for the year
ended June 30, 2025.

Balance Balance
July 1, 2024 Additions Deletions June 30, 2025
Non-depreciable assets:
Land $ 307,413,609 $ - $ - $ 307,413,609
Construction in progress 64,614,301 40,276,614 (55,989,256) 48,901,659
Total non-depreciable assets 372,027,910 40,276,614 (55,989,256) 356,315,268
Depreciable and amortizable assets:
Buildings and improvements 160,429,586 209,328 - 160,638,914
Furniture and equipment 34,177,364 397,263 (451,578) 34,123,049
Vehicles 14,085,399 3,159,123 (1,079,959) 16,164,563
Infrastructure 1,029,063,068 51,770,973 - 1,080,834,041
Lease assets - buildings and
improvements 1,730,757 1,387,898 (105,451) 3,013,204
Lease assets - furniture and equipment 464,480 - (464,480) -
Lease assets - infrastructure 463,933 - - 463,933
SBITA assets 2,722,591 2,652,905 (175,556) 5,199,940
Total depreciable and amortizable
assets 1,243,137,178 59,577,491 (2,277,024) 1,300,437,644
Less Accumulated Depreciation/
Amortization:
Buildings and improvements (91,321,264) (3,310,794) - (94,632,058)
Furniture and equipment (20,752,187) (2,816,429) 447,360 (23,121,256)
Vehicles (10,165,065) (1,299,420) 1,079,475 (10,385,010)
Infrastructure (573,681,747) (31,919,757) - (605,601,504)
Lease assets - buildings and
improvements (839,507) (301,964) - (1,141,471)
Lease assets - furniture and equipment (349,329) (115,151) 464,480 -
Lease assets - infrastructure (40,782) (13,594) - (54,376)
SBITA assets (1,326,039) (1,073,912) 175,556 (2,224,395)
Total accumulated depreciation/
amortization (698,475,920) (40,851,021) 2,166,871 (737,160,070)
Total depreciable/amortized assets, net 544,661,258 18,726,470 (110,153) 563,277,574
Total net capital assets $ 916,689,168 $ 59,003,084 $ (56,099,409) $ 919,592,842

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