Financial Report - Moreno Valley

196
City of Moreno Valley
Ratio of Bonded Debt
Last Six Fiscal Years
Fiscal Year
Ended Special Tax
June 30, (2) Bonds
2006 23,345,000
Certificates of
Participation
7,115,000
Lease Revenue
Bonds
47,530,000
Total
Governmental
Activities
77,990,000
2007 21,415,000 6,590,000 46,890,000 74,895,000
2008 18,925,000 6,040,000 46,160,000 71,125,000
2009 17,265,000 5,470,001 45,205,000 67,940,001
2010 15,525,000 4,875,000 44,205,000 64,605,000
2011 13,655,000 -
(3) 39,660,000 (3) 53,315,000
General bonded debt is debt payable with governmental fund resources and general obligation bonds recorded in
enterprise funds (of which the City has none).
1) Assessed value has been used because the actual value of taxable property is not readily available in the State of
California
Percent of
Assessed Value (1) Per Capita
0.86% 447
0.67% 415
0.53% 387
0.51% 365
0.59% 343
0.50% 273
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.
Data Source: City of Moreno Valley Finance Department