2011 Comprehensive Annual Financial Report - City of Moreno Valley

Revenues:
Taxes:
City of Moreno Valley
Budgetary Comparison Statement
CSD Zones
Year Ended June 30, 2011
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Property taxes $ 3,043,389 $ 3,103,389 $ 3,237,015 $ 133,626
Other taxes 967,800 967,800 1,013,881 46,081
Intergovernmental 27,000 27,000 74,097 47,097
Charges for services 10,784,300 10,762,805 11,171,945 409,140
Use of money and property 552,200 553,200 614,940 61,740
Fines and forfeitures 56,500 56,500 42,302 (14,198)
Miscellaneous 80,300 101,353 63,102 (38,251)
Total Revenues 15,511,489 15,572,047 16,217,282 645,235
Expenditures:
Current:
Community and cultural 17,652,076 17,705,106 16,293,348 1,411,758
Capital outlay 123,400 189,850 18,247 171,603
Total Expenditures 17,775,476 17,894,956 16,311,595 1,583,361
Excess (Deficiency) of Revenues
Over (Under) Expenditures (2,263,987) (2,322,909) (94,313) 2,228,596
Other Financing Sources (Uses):
Transfers in (note 7) 865,245 1,463,240 1,587,244 124,004
Transfers out (note 7) (51,800) - - -
Total Other Financing Sources (Uses) 813,445 1,463,240 1,587,244 124,004
Net Change in Fund Balances (1,450,542) (859,669) 1,492,931 2,352,600
Fund Balance, Beginning of Year 7,483,577 7,483,577 7,483,577 -
Fund Balance, End of Year $ 6,033,035 $ 6,623,908 $ 8,976,508 $ 2,352,600
See Notes to Financial Statements 28