Financial Report - Moreno Valley

Debt Service
Fund
Community
Redevelopment Nonmajor Total
Agency Debt Governmental Governmental
Service
Funds Funds
$ 6,500,538 $ 8,325 $ 22,699,683
Revenues:
Taxes:
Property taxes
-
- 13,055,796 Property taxes in lieu
-
- 15,317,439 Utility taxes
994,015
- 12,277,450 Sales taxes
-
190,183
8,413,326 Other taxes
-
-
1,532,514 Licenses and permits
1,090,264 25,531,615 27,591,342 Intergovernmental
- 1,779,260 21,497,689 Charges for services
511,926
763,445
7,027,197 Use of money and property
-
-
833,799 Fines and forfeitures
2,686,000
660,410
4,251,577 Miscellaneous
11,782,743
28,933,238
134,497,812
Total Revenues
3,163,638
505,026 14,504,781
Expenditures:
Current:
General government
-
863,652 58,152,125 Public safety
- 4,825,884 17,181,128 Community development
- 66,712,713 712 713 23 23,006,061 006 061 Community and cultural
- 11,604,583 15,018,071 Public works
- 15,685,059 15,759,712 Capital outlay
Debt service:
417,581 11,306,440 11,724,021 Principal retirement
4,988,816 3,356,268
8,345,084 Interest and fiscal charges
8,570,035
3,212,708
-
(2,881,220)
-
-
(2,881,220)
331,488
(33,335,207)
-
(33,335,207)
54,859,625
(25,926,387)
16,038,077
(9,441,025)
7,615,500
(167,736)
14,044,816
(11,881,571)
70,186,868
(243,259)
69,943,609
163,690,983
(29,193,171)
18,994,235
(19,012,256)
7,615,500
(167,736)
7,429,743
(21,763,428)
188,899,410
(243,259)
188,656,151
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in (note 7)
Transfers out (note 7)
Refunding bonds issued
Refunding bonds issuance cost
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year, as
previously reported
Restatements (note 10)
Fund Balances, Beginning of Year, as restated
$ (33,003,719) $ 58,062,038 $ 166,892,723 Fund Balances, End of Year
See Notes to Financial Statements 25