Financial Report - Moreno Valley

City of Moreno Valley
Statement of Net Assets
June 30, 2011
Governmental
Primary Government
Business-Type
Activities Activities Total
Assets:
Pooled cash and investments (note 3)
Receivables:
$ 210,771,403 $ - $ 210,771,403
Accounts 6,791,658 1,892,034 8,683,692
Notes and loans (note 4) 24,497,512
- 24,497,512
Accrued interest 1,907,685
- 1,907,685
Internal balances 1,063,759 (1,063,759)
-
Prepaid costs 45,624
-
45,624
Due from other governments 7,430,256
- 7,430,256
Inventories 8,575
-
8,575
Deferred charges 139,972
-
139,972
Land held for resale
Restricted assets:
3,916,126
- 3,916,126
Cash with fiscal agent (note 3) 8,456,291 7,706,620 16,162,911
Capital assets not being depreciated (note 5) 358,719,456 1,521,112 360,240,568
Capital assets, net of depreciation (note 5) 471,020,705 34,213,160 505,233,865
Total Assets 1,094,769,022 44,269,167
1,139,038,189
Liabilities:
Accounts payable 23,637,798 2,123,953 25,761,751
Accrued liabilities 1,132,158
10,791 1,142,949
Accrued interest 1,275,589
269,580 1,545,169
Unearned revenue 705,940
-
705,940
Deposits payable 105,762
848,200
953,962
Due to other governments
Noncurrent liabilities:
5,657,798
- 5,657,798
Advances from operator - 1,483,104 1,483,104
Long-term debt, due within one year (note 6) 4,437,718
551,766 4,989,484
Long-term debt, due in more than one year (note 6) 109,345,061 28,960,429 138,305,490
Total Liabilities 146,297,824
Net Assets:
Invested in capital assets,
net of related debt
Restricted for:
784,881,452
Community development projects 7,079,640
Public safety 644,786
Community and cultural 8,968,479
Public works 109,095,517
Debt service 12,867,643
Permanent funds - nonexpendable 170,162
Water quality 301,868
Public purpose programs -
Unrestricted 24,461,651
See Notes to Financial Statements 15
34,247,823
13,942,981
-
-
-
-
-
-
-
1,702,037
(5,623,674)
180,545,647
798,824,433
7,079,640
644,786
8,968,479
109,095,517
12,867,643
170,162
301,868
1,702,037
18,837,977
Total Net Assets $ 948,471,198 $ 10,021,344 $ 958,492,542