Financial Report - Moreno Valley

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City of Moreno Valley, California Community Services District Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities Year Ended June 30, 2011 Net change in fund balances - total governmental funds $ 1,492,931 Amounts reported for governmental activities in the statement of activities are different because: Governmental funds report capital outlays as expenditures. However, in the statement of activities, the costs of those assets is allocated over their estimated useful lives as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period Capital outlay 18,247 Depreciation expense (1,931,532) Contributions from the City of Moreno Valley 763,798 Contributions to the City of Moreno Valley (638,225) Revenues in the statement of activities that do not provide 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. (778,695) Change in net assets of governmental activities $ (1,073,476) See Notes to Financial Statements 10
Revenues: Taxes: City of Moreno Valley, California Community Services District Zone L Library Services Fund Budgetary Comparison Statement Year Ended June 30, 2011 Variance with Final Budget Budgeted Amounts Actual Positive Original Final Amounts (Negative) Property taxes $ 1,201,200 $ 1,261,200 $ 1,344,931 $ 83,731 Intergovernmental 27,000 27,000 74,097 47,097 Charges for services 33,000 33,000 40,201 7,201 Fines and forfeitures 56,500 56,500 42,302 (14,198) Miscellaneous 2,000 22,120 22,783 663 Total Revenues 1,319,700 Expenditures: Current: Community and cultural 1,903,462 Total Expenditures 1,903,462 Excess (Deficiency) of Revenues Over (Under) Expenditures (583,762) Other Financing Sources (Uses) Transfers from the City of Moreno Valley 446,740 Total Other Financing Sources (Uses) 446,740 Net Change in Fund Balances (137,022) Fund Balance, Beginning of Year 154,011 1,399,820 1,955,559 1,955,559 (555,739) 446,740 446,740 (108,999) 154,011 1,524,314 1,852,639 1,852,639 (328,325) 446,740 446,740 118,415 154,011 124,494 102,920 102,920 21,574 - - 21,574 Fund Balance, End of Year $ 16,989 $ 45,012 $ 272,426 $ 21,574 See Notes to Financial Statements 11 -
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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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Agency Funds
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Deposit Liability Balance Balance 7
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Vehicles Infrastructure Total $ 84,
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Statistical Section
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180 City of Moreno Valley Net Asset
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182 City of Moreno Valley Change in
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184 City of Moreno Valley Fund Bala
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186 City of Moreno Valley Changes i
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188 City of Moreno Valley Key Reven
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190 City of Moreno Valley Property
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192 City of Moreno Valley Property
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194 City of Moreno Valley Legal Deb
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Page 221 and 222: City of Moreno Valley Full-time and
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Page 225 and 226: COMMUNITY REDEVELOPMENT AGENCY OF T
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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 274 and 275: City of Moreno Valley, California C
Page 278 and 279: Note 2: Cash and Investments (Conti
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Financial Report - Moreno Valley

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