Financial Report - Moreno Valley

Governmental
Activities
Assets:
Pooled cash and investments (note 3)
Receivables:
$ 51,063,099
Accounts 48,685
Notes and loans (note 4) 20,519,937
Interest 471,543
Due from other governments 529
Land held for redevelopment 3,916,126
Advances to the City of Moreno Valley 189,000
Capital assets not being depreciated (note 5) 10,838,132
Depreciable capital assets, net of accumulated depreciation (note 5) 17,216,260
Total Assets 104,263,311
Liabilities:
Accounts payable 1,777,712
Accrued liabilities 24,654
Accrued interest payable on long-term debt 853,202
Due to the City of Moreno Valley 9,378
Due to other governments (note 8) 5,639,404
Long-term liabilities (note 6):
Due within one year 210,000
Due in more than one year 78,222,152
Total Liabilities 86,736,502
Net Assets:
Community Redevelopment Agency
of the City of Moreno Valley
Statement of Net Assets
June 30, 2011
Invested in capital assets, net of related debt 9,983,312
Restricted for low and moderate housing 32,304,849
Restricted for debt service 1,217,367
Unrestricted (deficit) (25,978,719)
Total Net Assets $ 17,526,809
See Notes to Financial Statements 5