Financial Report - Moreno Valley

ENTERPRISE FUND:
Electric Fund
PROPRIETARY FUNDS
This fund is used to account for the operations of the City electric utility, with its basic purpose to
purchase and distribute electricity to customers in the City’s newly developed areas under the
“Greenfield” concept. The City began serving its first customers in February 2004.
INTERNAL SERVICE FUNDS:
Internal Service Funds
These funds are used to account for services provided to other departments on a cost
reimbursement basis. These services include providing insurance benefits, maintaining and
replacing information systems, facilities maintenance, vehicle and equipment maintenance, and
accumulating cash reserves for equipment replacement.
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