Financial Report - Moreno Valley

Revenues:
Taxes:
City of Moreno Valley
Budgetary Comparison Statement
General Fund
Year Ended June 30, 2011
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Property taxes $ 8,596,100 $ 8,596,100 $ 9,430,846 $ 834,746
Property taxes in-lieu 11,773,400 11,773,400 13,055,796 1,282,396
Sales taxes 9,735,100 9,735,100 11,283,435 1,548,335
Utility user's tax 15,200,000 15,200,000 15,317,439 117,439
Other taxes 6,556,500 6,556,500 7,209,262 652,762
Licenses and permits 1,500,600 1,500,600 1,532,514
31,914
Intergovernmental 360,000 360,000 895,366 535,366
Charges for services 8,439,000 8,442,656 7,408,607 (1,034,049)
Use of money and property 4,527,900 4,532,300 3,886,420 (645,880)
Fines and forfeitures 1,176,500 1,176,500 791,497 (385,003)
Miscellaneous 105,300 105,300 682,959 577,659
Total Revenues: 67,970,400 67,978,456 71,494,141 3,515,685
Expenditures:
Current:
General government
City council 579,922
City manager 850,396
City clerk 521,486
City attorney 1,015,407
Economic development 436,287
Financial and administrative services 2,676,900
Human resources 958,505
Non-departmental 3,640,525
Public safety
Police 41,291,771
Fire 15,666,535
Animal services 2,269,940
Emergency operations/volunteer services 605,166
Crossing guards 583,439
Community development 4,544,070
Public works 3,528,195
Capital outlay 130,100
Total Expenditures 79,298,644
Excess (Deficiency) of Revenues
Over (Under) Expenditures (11,328,244)
Other Financing Sources (Uses):
Transfers in (note 7) 263,000
Transfers out (note 7) (1,582,740)
Total Other Financing Sources (Uses) (1,319,740)
Net Change in Fund Balances (12,647,984)
Fund Balance, Beginning of Year 51,289,539
581,564
896,175
521,486
1,090,407
482,774
2,696,813
958,505
3,517,071
41,870,739
15,466,535
2,280,118
609,566
583,439
4,545,270
3,528,195
555,556
80,184,213
(12,205,757)
263,000
(2,513,040)
(2,250,040)
(14,455,797)
51,289,539
513,868
726,440
507,398
1,034,442
391,451
2,694,398
923,964
2,800,066
39,104,174
14,793,909
2,214,243
610,084
566,063
4,235,300
3,413,488
56,406
74,585,694
(3,091,553)
773,051
(2,605,518)
(1,832,467)
(4,924,020)
51,289,539
67,696
169,735
14,088
55,965
91,323
2,415
34,541
717,005
2,766,565
672,626
65,875
(518)
17,376
309,970
114,707
499,150
5,598,519
9,114,204
510,051
(92,478)
417,573
9,531,777
Fund Balance, End of Year $ 38,641,555 $ 36,833,742 $ 46,365,519 $ 9,531,777
See Notes to Financial Statements 27
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