Financial Report - Moreno Valley

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Community Redevelopment Agency of the City of Moreno Valley Governmental Funds Balance Sheet June 30, 2011 Debt Service Funds Low and Moderate Housing Debt Service Totals Project Assets: Pooled cash and investments (note 3) Receivables: $ 32,817,339 $ 8,173,443 $ 10,072,317 $ 51,063,099 Accounts - 48,685 - 48,685 Notes and loans (note 4) - 20,519,937 - 20,519,937 Interest - 471,543 - 471,543 Due from other governments - - 529 529 Land held for redevelopment 3,718,466 197,660 - 3,916,126 Advances to other funds (note 7) - 3,386,697 - 3,386,697 Advances to the City of Moreno Valley - - 189,000 189,000 Total Assets $ 36,535,805 $ 32,797,965 $ 10,261,846 $ 79,595,616 Liabilities and Fund Balances: Liabilities: Accounts payable $ 1,765,185 $ 12,527 $ - $ 1,777,712 Accrued liabilities 15,608 9,046 - 24,654 Due to other governments (note 8) - - 5,639,404 5,639,404 Due to the City of Moreno Valley - - 9,378 9,378 Deferred revenue - 471,543 9,000 480,543 Advances from other funds (note 7) - - 3,386,697 3,386,697 Total Liabilities 1,780,793 Fund Balances: Nonspendable for: Long-term receivables - Land held for redevelopment 3,718,466 Advances - Restricted for: Low and moderate housing - Debt service - Assigned to: Capital projects 31,036,546 Total Fund Balances 34,755,012 Moreno Valley Redevelopment Project Capital Projects Funds 493,116 20,519,937 197,660 3,386,697 8,200,555 - - 32,304,849 9,044,479 - - 189,000 - 1,028,367 - 1,217,367 11,318,388 20,519,937 3,916,126 3,575,697 8,200,555 1,028,367 31,036,546 68,277,228 Total Liabilities & Fund Balances $ 36,535,805 $ 32,797,965 $ 10,261,846 $ 79,595,616 See Notes to Financial Statements 7
Community Redevelopment Agency of the City of Moreno Valley Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Assets June 30, 2011 Fund balances of governmental funds $ 68,277,228 Amounts reported for governmental activities in the statement of net assets are different because: Capital assets, net of depreciation, used in governmental activities are not financial resources and, therefore, are not reported in the funds. Capital assets not being depreciated 10,838,132 Depreciable capital assets, net of accumulated depreciation 17,216,260 Revenues in the statement of activities that do not provided current financial resources are not reported as revenues in the statement of revenues, expenditures, and changes in fund balances. These revenues are reported as deferred revenue in the balance sheet of governmental funds. 480,543 Accrued interest payable for the current portion of interest due on long-term liabilities are not reported in the funds. (853,202) Long-term liabilities are not due and payable in the current period and, therefore, are not reported in the funds. (78,432,152) Net assets of governmental activities $ 17,526,809 See Notes to Financial Statements 8
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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 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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Expenditures: Debt service: City of
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General Liability Insurance Fund IN
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Equipment Equipment Replacement Mai
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Page 191 and 192: Deposit Liability Balance Balance 7
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Page 197 and 198: Vehicles Infrastructure Total $ 84,
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Page 215 and 216: 194 City of Moreno Valley Legal Deb
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Page 219 and 220: 198 City of Moreno Valley Demograph
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
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Page 238 and 239: COMMUNITY REDEVELOPMENT AGENCY CITY
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Page 258 and 259: FINANCIAL SECTION City of Moreno Va
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Page 262 and 263: Functions/Programs Primary Governme
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Page 266 and 267: Revenues: Taxes: City of Moreno Val
Page 268 and 269: City of Moreno Valley, California C
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City of Moreno Valley, California C
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City of Moreno Valley, California C
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Financial Report - Moreno Valley

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