Page 90 - 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 (Continued)

The Internal Service Fund loaned $20,147,223 to the Development Impact Fees Fund to
provide support for several capital projects. The repayment of this loan will occur as
revenues are received.

c. Interfund Transfers
Transfers In
Nonmajor Total
Development Governmental Internal Service Governmental
Transfers Out General Fund Impact Fees CSD Zones Funds Funds Activities
General Fund $ - $ - $ 1,480,420 $ 2,664,409 $ 15,505,892 $ 19,650,721
Development Impact Fees 50,000 - - 27,609,309 - 27,659,309
CSD Zones 18,092 - - 1,822,467 - 1,840,560
Nonmajor Governmental
Funds 690 1,329,830 15,963 33,160,155 - 34,506,638
Internal Service Funds 2,516,298 - - 867,133 - 3,383,431
Totals $ 2,585,080 $ 1,329,830 $ 1,496,383 $ 66,123,473 $ 15,505,892 $ 87,040,658

The General Fund transferred a total of $19,650,721, including $15,505,892 to Internal
Service Funds to fund reserves for actuarial assumptions and future replacement of
equipment, technology, and facilities.

The Development Impact Fees Fund transferred a total of $27,659,309 to Nonmajor
Governmental Funds to provide support for several capital projects in the fiscal year.

The Nonmajor Governmental Funds transferred a total of $34,506,638, including $33,160,155
to Nonmajor Governmental Funds to provide support for several capital projects in the
fiscal year.

The Internal Service Funds transferred a total of $3,383,431, including $2,516,298 to the
General Fund to assist with replacing public safety vehicles.

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