Financial Report - Moreno Valley

Revenues:
Taxes:
City of Moreno Valley
Budgetary Comparison Schedule
Community Redevelopment Agency Debt Service
Year Ended June 30, 2011
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Property taxes $ 10,857,656 $ 10,857,656 $ 6,500,538 $ (4,357,118)
Sales taxes 780,000
780,000
994,015
214,015
Intergovernmental -
- 1,090,264 1,090,264
Use of money and property 801,100
801,100
511,926
(289,174)
Miscellaneous -
- 2,686,000 2,686,000
Total Revenues 12,438,756 12,438,756 11,782,743
(656,013)
Expenditures:
Current:
General government 3,371,631
Debt service:
Principal retirement 130,000
Interest and fiscal charges 3,660,590
Total Expenditures 7,162,221
Excess (Deficiency) of Revenues
Over (Under) Expenditures 5,276,535
Other Financing Sources (Uses):
Transfers in 2,590,300
Transfers out (9,998,718)
Total Other Financing Sources (Uses) (7,408,418)
Net Change in Fund Balances (2,131,883)
Fund Balances, Beginning of Year (33,335,207)
3,371,631
130,000
3,660,590
7,162,221
5,276,535
2,590,300
(9,998,718)
(7,408,418)
(2,131,883)
(33,335,207)
3,163,638
417,581
4,988,816
8,570,035
3,212,708
-
(2,881,220)
(2,881,220)
331,488
(33,335,207)
207,993
(287,581)
(1,328,226)
(1,407,814)
(2,063,827)
(2,590,300)
7,117,498
4,527,198
2,463,371
Fund Balances, End of Year $ (35,467,090) $ (35,467,090) $ (33,003,719) $ 2,463,371
152
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