Financial Report - Moreno Valley

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197 City of Moreno Valley Pledged Revenue Coverage Last Ten Years Community Facilities District No. 5 of the City of Towngate Community Facilities District No. 87-1, Towngate Community Facilities District No. 87-1, Improvement Community Facilities District No. 3, AutoMall Refinancing Moreno Valley (Stoneridge) 2007 Special Tax Refunding Bonds No. 1 Special Tax Refunding Bonds Fiscal Year Ended Property Tax Debt Service Special Debt Service Property Tax Debt Service Special Property Tax Debt Service June 30, Special Tax Levy Increment Principal Interest Coverage Tax Levy Principal Interest Coverage Increment Principal Interest Coverage Tax Levy Increment Principal Interest Coverage 2002 $ 1,029,290 $ 135,550 $ 200,000 $ 556,150 1.54 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - 2003 1,074,499 114,766 465,000 2004 1,067,950 145,265 515,000 2005 1,121,094 116,871 575,000 2006 1,189,465 73,700 640,000 2007 1,179,479 108,986 710,000 2008 1,088,427 190,425 785,000 2009 1,212,713 103,026 865,000 2010 1,173,443 185,125 950,000 2011 78,021 96,489 1,045,000 538,113 507,300 469,150 426,625 379,375 327,050 269,300 205,775 135,950 Community Redevelopment Agency 2007 Tax Allocation Bonds Fiscal Year Ended Debt Service June 30, Property Tax Increment Principal Interest Coverage 2008 $ 23,890,555 $ - $ 359,683 66.42 2009 23,775,956 770,000 2,073,084 8.36 2010 0 0 0 2011 0 0 0 1.19 - 1.19 - 1.19 - 1.18 - 1.18 - 1.15 198,306 1.16 344,701 1.18 362,124 0.15 376,005 - - - - - - - 15,000 20,000 1) The interest payment related to the CFD 5 - Stoneridge was paid from the capitalized interest account but in future years this will be paid from the special tax Data Source: City of Moreno Valley Finance Department City of Moreno Valley Community Redevelopment Agency City of Moreno Valley Special Districts - - - - - 217,261 288,613 288,313 287,613 0.91 2,072,568 1.19 1,164,131 1.19 373,011 1.22 1,168,536 - - - - - - - - - - - 575,000 600,000 630,000 - - - - - 226,176 435,881 409,381 382,569 - - - - - 9.16 429,990 1.15 108,706 0.37 78,519 1.15 112,162 - - - - - - 287,228 303,573 277,359 - - - - - 220,000 190,000 195,000 - - - - - - 60,994 175,859 168,029 160,375 0.00 1.00 1.07 1.10
198 City of Moreno Valley Demographic and Economic Statistics Last five years Calendar Year Population (1) Personal Income (in thousands) (2) Per Capita Personal Income (2) Unemployment Rate (3), (A) 2007 180,466 3,264,593 17,257 7.0% 2008 183,860 3,423,011 17,997 9.9% 2009 186,301 3,702,458 18,898 15.7% 2010 188,537 3,836,808 19,230 17.6% 2011 195,216 3,463,419 17,519 16.1% Source: 1- California Department of Finance 2-City of Moreno Valley Economic Development Department 3-California Employment Development Department A- This data is for the Moreno Valley area.
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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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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 Notes to Fina
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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 8: Employee Pension Plan (Cont
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Note 13: Commitments and Contingenc
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Non‐Major Governmental Funds
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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 Sta
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Revenues: Taxes City of Moreno Vall
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City of Moreno Valley Combining Sta
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Expenditures Current: City of Moren
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Expenditures Current: City of Moren
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Page 169 and 170: Revenues: Taxes: City of Moreno Val
Page 171 and 172: Expenditures: Debt service: City of
Page 179 and 180: General Liability Insurance Fund IN
Page 181 and 182: Equipment Equipment Replacement Mai
Page 187 and 188: Agency Funds
Page 189 and 190: City of Moreno Valley Combining Bal
Page 191 and 192: Deposit Liability Balance Balance 7
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Page 197 and 198: Vehicles Infrastructure Total $ 84,
Page 199 and 200: Statistical Section
Page 201 and 202: 180 City of Moreno Valley Net Asset
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Page 205 and 206: 184 City of Moreno Valley Fund Bala
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Page 209 and 210: 188 City of Moreno Valley Key Reven
Page 211 and 212: 190 City of Moreno Valley Property
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Page 215 and 216: 194 City of Moreno Valley Legal Deb
Page 217: 196 City of Moreno Valley Ratio of
Page 221 and 222: City of Moreno Valley Full-time and
Page 223 and 224: City of Moreno Valley Operating Ind
Page 225 and 226: COMMUNITY REDEVELOPMENT AGENCY OF T
Page 228 and 229: Brandon W. Burrows, CPA David E. Ha
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Page 232 and 233: Governmental Activities Assets: Poo
Page 234 and 235: Community Redevelopment Agency of t
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Page 238 and 239: COMMUNITY REDEVELOPMENT AGENCY CITY
Page 252 and 253: Tax Increment Fund 2007 TABS, Serie
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Page 258 and 259: FINANCIAL SECTION City of Moreno Va
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City of Moreno Valley, California C
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Financial Report - Moreno Valley

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