Financial Report - Moreno Valley

Community Redevelopment Agency
of the City of Moreno Valley
Governmental Funds
Statement of Revenues, Expenditures
and Changes in Fund Balances
Year ended June 30, 2011
Project
Revenues:
Taxes and assessments:
Tax increment -
Property taxes -
Sales taxes -
Use of money and property 640,578
Miscellaneous 157,235
Total Revenues 797,813
Expenditures:
Current:
General government 595,865
Community development
Debt Service:
8,119,944
Principal retirement -
Interest and fiscal charges -
Pass-through agreement payments -
SERAF payment -
Total Expenditures 8,715,809
Excess (Deficiency) of Revenues
Over (Under) Expenditures (7,917,996)
Other Financing Sources (Uses)
Transfers in (note 7) 595,863
Transfers out (note 7) -
Long-term debt issued -
Transfers to the City of Moreno Valley -
Total Other Financing Sources (Uses) 595,863
Net Change in Fund Balances (7,322,133)
Fund Balances, Beginning of Year 42,077,145
Moreno Valley
Redevelopment Project
Capital Projects Funds
Debt Service
Funds
Low and
Moderate
Housing Debt Service Totals
$ $ 3,522,959 $ 14,091,836 $ 17,614,795
- 1,090,264 1,090,264
-
994,015
994,015
197,807
511,926 1,350,311
1,871
-
159,106
3,722,637
648,225
-
-
-
-
-
648,225
3,074,412
-
-
-
-
-
3,074,412
29,230,437
16,688,041
198,129
-
23,760,636
5,533,958
9,474,228
1,082,578
40,049,529
(23,361,488)
-
(595,863)
2,397,749
(1,740,815)
61,071
(23,300,417)
24,517,784
21,208,491
1,442,219
8,119,944
23,760,636
5,533,958
9,474,228
1,082,578
49,413,563
(28,205,072)
595,863
(595,863)
2,397,749
(1,740,815)
656,934
(27,548,138)
95,825,366
Fund Balances, End of Year $ 34,755,012 $ 32,304,849 $ 1,217,367 $ 68,277,228
See Notes to Financial Statements 9