Financial Report - Moreno Valley

195
City of Moreno Valley
Ratios of Outstanding Debt by Type
Last Six Fiscal Years
Governmental Activities
Business-type
Activities
Fiscal Year Special Tax Certificates of Lease Revenue RDA Tax Notes and Governmental Lease Revenue Total Primary Percentage of Debt per
Ended June 30 (2) Bonds Participation Bonds Allocation Bonds Other Activities Bonds Government Personal Income 1
2006 $ 23,345,000 $ 7,115,000 $ 47,530,000 $ - $ 4,866,378 $ 82,856,378 $ 4,647,000 $ 87,503,378 2.75% 501
2007 21,415,000 6,590,000 46,890,000 -
2008 18,925,000 6,040,000 46,160,000 43,495,000
2009 17,265,000 5,470,001 45,205,000 42,725,000
2010 15,525,000 4,875,000 44,205,000 42,605,000
2011 13,655,000 0 (3) 39,660,000 (3) 42,475,000
Notes:
1) These ratios are calculated using personal income and population for the prior year.
4,696,689 79,591,689
4,318,513 118,938,513
6,849,487 117,514,488
6,667,850 113,877,850
12,301,668 (3) 108,091,668
30,870,000
30,870,000
30,775,000
30,285,000
29,780,000
2) GASB 44 allowed for the implementation of historical reporting on a prospective basis. The City has elected to report historical data in this manner.
3) In Fiscal Year 2011 the City defeased the 1997 Lease Revevue Bonds and the 1997 City Hall COPs with private placement financing.
Source: City of Moreno Valley Finance Department
City of Moreno Valley Economic Development Department
Riverside County Economic Development Agency
State of California Department of Finance
110,461,689
149,808,513
148,289,488
144,162,850
137,871,668
Capita 1
3.38% 612
4.38% 815
4.01% 796
3.98% 765
3.80% 706