Moreno Valley

Overview


Socioeconomic Data
Population 204,198
Employment 85,072
Unemployment Rate 7.2%  (11 of 116)
Zillow Home Value Index $264,600  (33 of 116)
Government-Wide Revenues and Expenses
General Revenues $84,393,745
Capital Grants and Contributions $21,732,587
Charges For Services $52,938,140
Operating Grants and Contributions $27,079,338
Total Revenues $186,143,810
Total Expenditures $168,422,172
Change in Net Assets $17,721,638
Actuarially Determined Pension Contributions $4,616,283
Pension Contributions Actually Made $4,616,283
Government-Wide Position
Current Assets $255,270,471
Total Assets $1,200,808,888
Current Liabilities $25,030,422
Long Term Debt $103,608,451
Total Net Position $996,487,445
Unrestricted Net Position $33,342,552

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
FUND BALANCE AT END OF YEAR $  43,375,903 $  116,277,158 $  159,653,061
Surplus/(deficit) 7,167,427 (15,582,624) (8,415,196)
Revenues
Total Revenues $  84,147,945 $  57,846,719 $  141,994,665
Intergovernmental revenues 414,554 32,090,965 32,505,519
Property taxes 26,732,213 10,367,655 30,738,190
Charges for services 9,449,482 11,601,284 21,050,766
Other Taxes 9,750,622 151,232 16,263,532
Utility Taxes 16,138,202 0 16,138,202
Sales and Use Tax 16,130,340 0 16,130,340
Use of money and property 2,214,462 1,190,544 3,405,008
Licenses and permits 2,020,230 0 2,020,230
Other Revenues 702,757 920,813 1,623,569
Contributions 0 1,489,134 1,489,134
Fines and Fees 595,083 35,092 630,175
Expenditures
Total Expenditures $  76,980,518 $  73,429,343 $  150,409,861
Public safety 54,639,994 608,012 55,248,006
Community services 0 18,797,257 18,797,257
Public works 4,140,335 13,992,127 18,130,438
Interest 0 3,388,158 3,388,158
Principal 0 2,556,230 2,556,230
Issuance Cost 0 360,956 360,956
Interest and Fiscal Charges 10,177,000 0 0
Capital Outlay 220,210 28,676,045 28,898,279
General government 12,260,219 886,530 13,146,749
Community development 5,719,760 4,164,028 9,883,788

Metrics


General Fund Balance Ratio 56.35%  (6 of 116)
Debt to Revenue Ratio 55.66%  (112 of 116)
Pension ADC to Revenue Ratio 2.48%  (103 of 116)
Annual Change in Home Prices 6.61%  (58 of 116)
Annual Change in Unemployment Rate (1.5%)  (102 of 116)
Fiscal Health Score 97  (3 of 116)
Implied Credit Rating AAA