This part of the City of <strong>Moreno</strong> <strong>Valley</strong>'s comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City's overall financial health. Contents Page # <strong>Financial</strong> Trends 180 These schedules contain trend information to help the reader understand how the city's financial performance and well-being have changed over time. Revenue Capacity 185 These schedules contain information to help the reader assess the factors affecting the city's ability to generate its key revenues. Debt Capacity 192 These schedules present information to help the reader assess the affordability of the city's current levels of outstanding debt and the city's ability to issue additional debt in the future. Demographic and Economic Information 197 These schedules offer demographic and economic indicators to help the reader understand the environment within which the city's financial activities take place and help make comparisons over time and with other governments. Operating Information 200 These schedules contain information about the city's operations and resources to help the reader understand how the city's financial information relates to the services the city provides and the activities it performs. Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year. The city implemented Statement 34 in 2003; schedules presenting governmentwide information include information beginning in that year. 179
180 City of <strong>Moreno</strong> <strong>Valley</strong> Net Assets by Component, Last eight fiscal years (accrual basis of accounting) 2004 2005 2006 2007 2008 2009 2010 2011 Governmental activities Invested in capital assets, net of related debt Restricted for: $ 465,542,271 $ 475,642,146 $ 523,083,597 $ 594,870,636 $ 622,102,140 $704,987,685 $ 768,345,954 $ 784,881,452 Community development projects 6,961,781 6,404,249 10,076,376 - 41,908,201 19,960,752 36,341,964 7,079,640 Community and cultural - - - - 8,259,181 - 8,368,534 8,968,479 Public safety 2,086,222 2,649,176 1,655,374 973,667 663,854 280,107 2,103,241 644,786 Capital projects 40,769,509 47,442,301 60,687,985 66,493,508 79,745,801 71,335,816 61,365,635 109,095,517 Debt service 23,966,889 21,673,132 12,985,998 12,538,629 7,291,425 17,373,369 15,818,072 12,867,643 Other Programs - - - 14,863,573 3,598,110 11,731,764 2,545,781 301,868 Permanent funds-nonexpendable - - 59,359 62,537 64,692 66,436 169,287 170,162 Unrestricted 32,744,174 46,215,255 73,846,697 101,941,651 104,545,617 69,630,581 46,594,052 24,461,651 Total Governmental activities net assets $ 572,070,846 $ 600,026,259 $ 682,395,386 $ 791,744,201 $ 868,179,021 $ 895,366,510 $ 941,652,520 $ 948,471,198 Business-type activities Invested in capital assets, net of related debt Restricted $ 709,310 $ 1,815,311 $ 18,151,135 $ 14,130,659 $ 14,110,399 $ 10,083,679 $ 12,201,754 $ 13,942,981 Regulatory contingencies - - - 1,604,444 948,207 1,767,402 1,158,200 1,702,037 Unrestricted (575,790) (799,941) (3,713,053) (634,406) (2,252,565) (4,023,374) (4,520,034) (5,623,674) Total Business-type activities net assets $ 133,520 $ 1,015,370 $ 14,438,082 $ 15,100,697 $ 12,806,041 $ 7,827,707 $ 8,839,920 $ 10,021,344 Primary government Invested in capital assets, net of related debt Restricted for: $ 466,251,581 $ 477,457,457 $ 541,234,732 $ 609,001,295 $ 636,212,539 $ 715,071,364 $ 780,547,708 $ 798,824,433 Community development projects 6,961,781 6,404,249 10,076,376 - 41,908,201 19,960,752 36,341,964 7,079,640 Community and cultural - - - - 8,259,181 - 8,368,534 8,968,479 Public safety 2,086,222 2,649,176 1,655,374 973,667 663,854 280,107 2,103,241 644,786 Capital projects 40,769,509 47,442,301 60,687,985 66,493,508 79,745,801 71,335,816 61,365,635 109,095,517 Debt service 23,966,889 21,673,132 12,985,998 12,538,629 7,291,425 17,373,369 15,818,072 12,867,643 Other Programs - - - 14,863,573 3,598,110 11,731,764 2,545,781 301,868 Permanent funds-nonexpendable - - 59,359 62,537 64,692 66,436 169,287 170,162 Regulatory contingencies - - - 1,604,444 948,207 1,767,402 1,158,200 1,702,037 Unrestricted 32,168,384 45,415,314 70,133,644 101,307,245 102,293,052 65,607,207 42,074,018 18,837,977 Total primary government net assets $ 572,204,366 $ 601,041,629 $ 696,833,468 $ 806,844,898 $ 880,985,062 $ 903,194,217 $ 950,492,440 $ 958,492,542 Note: The city implemented the GASB 34 reporting model in Fiscal Year 2003. Information prior to the implementation of GASB 34 is not available.
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Comprehensive Annual Financial Repo
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INTRODUCTORY SECTION City of Moreno
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City of Moreno Valley Comprehensive
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Introductory Section
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iii
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City of Moreno Valley Organization
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Brandon W. Burrows, CPA David E. Ha
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Management’s Discussion and Analy
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Fiduciary funds. Fiduciary funds ar
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Charges for services increased $4.5
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Millions As illustrated in the Tabl
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At June 30, 2011, the City’s busi
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While new office and industrial dev
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City of Moreno Valley Statement of
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Net (Expenses) Revenues and Changes
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City of Moreno Valley Balance Sheet
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City of Moreno Valley Reconciliatio
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Debt Service Fund Community Redevel
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Revenues: Taxes: City of Moreno Val
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City of Moreno Valley Budgetary Com
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Assets: Current: Governmental Activ
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City of Moreno Valley Statement of
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City of Moreno Valley Statement of
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City of Moreno Valley Notes to Fina
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City of Moreno Valley Notes to Fina
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City of Moreno Valley Notes to Fina
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City of Moreno Valley Notes to Fina
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City of Moreno Valley Notes to Fina
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Note 3: Cash and Investments (Conti
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Note 3: Cash and Investments (Conti
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Note 5: Capital Assets (Continued)
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Note 6: Long Term Debt (Continued)
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Note 6: Long Term Debt (Continued)
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Note 6: Long Term Debt (Continued)
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Note 6: Long Term Debt (Continued)
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Note 6: Long Term Debt (Continued)
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City of Moreno Valley Notes to Fina
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Note 8: Employee Pension Plan (Cont
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City of Moreno Valley Notes to Fina
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Note 13: Commitments and Contingenc
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City of Moreno Valley Notes to Fina
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Non‐Major Governmental Funds
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NONMAJOR GOVERNMENTAL FUNDS (CONTIN
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NONMAJOR GOVERNMENTAL FUNDS (CONTIN
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NONMAJOR GOVERNMENTAL FUNDS (CONTIN
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City of Moreno Valley Combining Bal
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City of Moreno Valley Combining Bal
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City of Moreno Valley Combining Bal
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City of Moreno Valley Combining Bal
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City of Moreno Valley Combining Bal
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City of Moreno Valley Combining Bal
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City of Moreno Valley Combining Bal
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City of Moreno Valley Combining Bal
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City of Moreno Valley Combining Bal
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City of Moreno Valley Combining Sta
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Revenues: Taxes City of Moreno Vall
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Revenues: Taxes City of Moreno Vall
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Revenues: Taxes City of Moreno Vall
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City of Moreno Valley Combining Sta
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Revenues: Taxes City of Moreno Vall
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Revenues: Taxes City of Moreno Vall
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Revenues: Taxes City of Moreno Vall
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Revenues: Taxes City of Moreno Vall
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City of Moreno Valley Budgetary Com
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City of Moreno Valley Budgetary Com
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City of Moreno Valley Budgetary Com
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City of Moreno Valley Budgetary Com
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City of Moreno Valley Budgetary Com
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City of Moreno Valley Budgetary Com
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City of Moreno Valley Budgetary Com
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City of Moreno Valley Budgetary Com
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COMMUNITY REDEVELOPMENT AGENCY CITY
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Tax Increment Fund 2007 TABS, Serie
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Tax 2007 TABS, 2007 Tabs, Increment
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Community Services District City of
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FINANCIAL SECTION City of Moreno Va
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Board of Directors City of Moreno V
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Functions/Programs Primary Governme
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Special Revenue Funds Nonmajor Tota
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Revenues: Taxes: City of Moreno Val
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City of Moreno Valley, California C
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Revenues: Taxes: City of Moreno Val
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Revenues: Taxes: City of Moreno Val
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City of Moreno Valley, California C
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City of Moreno Valley, California C
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Note 2: Cash and Investments (Conti
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City of Moreno Valley, California C
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Revenues: Taxes: City of Moreno Val
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Revenues: Taxes: City of Moreno Val
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City of Moreno Valley, California C
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City of Moreno Valley, California C