Financial Report - Moreno Valley

182
City of Moreno Valley
Change in Net Assets,
Last eight fiscal years
(accrual basis of accounting)
2004 2005 2006 2007 2008 2009 2010 2011
Net (Expense)/Revenue
Governmental activities $ (47,352,194) $ (57,343,967) $ (28,388,901) $ (4,889,725) $ (25,176,492) $ (69,370,682) $ (28,193,530) $ (72,676,927)
Business-type activities 243,029 275,966 7,771,778 2,017,719 (1,970,507) (1,636,604) (486,602) 864,151
Total primary government net (expense)/revenue $ (47,109,165) $ (57,068,001) $ (20,617,123) $ (2,872,006) $ (27,146,999) $ (71,007,286) $ (28,680,132) $ (71,812,776)
General Revenues and Other Changes in Net Assets
Governmental activities:
Taxes:
Property taxes $ 12,897,208 $ 19,678,253 $ 18,001,808 $ 23,379,735 $ 30,351,211 $ 28,316,208 $ 16,836,699 $ 22,699,683
Property taxes in lieu - 8,644,834 12,068,070 14,150,000 16,728,600 16,791,078 13,703,197 13,055,796
Transient occupancy tax 455,009 519,193 582,307 586,383 593,009 497,936 535,775 692,586
Sales tax 15,469,300 18,054,078 12,275,626 15,701,460 13,623,654 12,163,719 10,982,811 12,277,450
Franchise taxes 3,599,486 3,791,547 4,099,859 4,349,870 4,381,882 4,876,055 4,607,594 4,888,143
Business license taxes 1,289,434 1,457,521 1,240,764 1,315,039 1,111,021 1,051,702 961,303 1,053,146
Utility users tax 10,980,848 12,527,514 13,811,740 15,463,291 15,186,616 15,081,286 15,358,341 15,317,439
Other taxes 7,963,160 4,497,323 5,448,829 6,320,978 2,620,059 2,683,193 2,278,529 1,204,064
Franchise in lieu taxes -
9,699
42,788 78,573 96,816 120,969 132,548 150,456
Documentary transfer tax 1,055,205 1,391,199 1,548,205 972,995 575,003 598,084 479,208 424,931
Intergovernmental-motor vehicle in lieu, unrestricted 7,288,137 3,484,623 11,899,563 16,054,145 800,667 865,718 547,188
-
Use of property and money 1,608,126 5,295,415 6,959,412 13,467,580 16,380,462 9,381,199 10,850,116 5,298,098
Gain on sale of capital assets -
-
-
-
2,575
-
-
605
Miscellaneous 14,427,133 5,435,103 1,820,976 405,679 885,602 1,787,772 1,238,641 2,784,308
Transfers 193,000 (16,857) (1,257,370) (75,851) 61,817 653,554 225,192 (107,841)
Total governmental activities 77,226,046 84,769,445 88,542,577 112,169,877 103,398,994 94,868,473 78,737,142 79,738,864
Business-type activities
Use of property and money -
-
-
-
-
- 61,428 29,540
Other 83,491 589,027
-
-
- 131,033 1,250,000 179,892
Transfers (193,000) 16,857 1,257,370 75,851 (61,817) (653,554) (225,192) 107,841
Total business-type activities (109,509) 605,884 1,257,370 75,851 (61,817) (522,521) 1,086,236 317,273
Total primary government $ 77,116,537 $ 85,375,329 $ 89,799,947 $ 112,245,728 $ 103,337,177 $ 94,345,952 $ 79,823,378 $ 80,056,137
Change in Net Assets
Government activities $ 29,873,852 $ 27,425,478 $ 60,153,676 $ 107,280,152 $ 78,222,502 $ 25,497,791 $ 50,543,612 $ 7,061,937
Business-type activities 133,520 881,850 9,029,148 2,093,570 (2,032,324) (2,159,125) 599,634 1,181,424
Total primary government $ 30,007,372 $ 28,307,328 $ 69,182,824 $ 109,373,722 $ 76,190,178 $ 23,338,666 $ 51,143,246 $ 8,243,361
Note: The city implemented the GASB 34 reporting model in Fiscal Year 2003. Information prior to the implementation of GASB 34 is not available.