Page 89 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

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

Note 7. Interfund Receivables, Payables and Transfers

a. Due To/From Other Funds

Due To Other Funds
Due From Other Nonmajor
Funds CSD Zones Governmental Funds Total
General Fund $ 245,988 $ 10,612,008 $ 10,857,996
$ 245,988 $ 10,612,008 $ 10,857,996

The City of Moreno Valley utilizes the State of California Local Agency Investment Fund
(LAIF) as a short-term investment tool. Interest earnings related to investments are due
to the General Fund in compliance with Administrative Policy 3.03, Investment Policy. At
June 30, 2025, the CSD Zones Fund included $245,988 of City’s funds invested in the CSD’s
LAIF account.

The General Fund has made short-term loans to the following funds to eliminate negative
cash balances:

Nonmajor Governmental Funds:
Storm Water Maintenance $ 142,327
Child Care Grant 19,179
ASES Program Grant 671,143
Other Grants 48,571
Capital Projects Grants 7,490,115
Law Enforcement Grants 22,001
Community Development Block Grant 611,690
Emergency Solutions Grant 6,094
TUMF Capital Projects 1,600,888
Total $ 10,612,008

b. Advances To/From Other Funds

Advances from
Other Funds
Development
Advances to Other Funds Impact Fees
General Fund $ 5,750,000
Internal Service Funds 20,147,223

$ 25,897,223

The General Fund loaned $5,750,000 to the Development Impact Fees Fund to cover
negative cash balances resulting from construction of facilities and purchases of land for
future expansion. This loan is to be fully repaid by June 30, 2048.

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