Page 11 - Moreno Valley City 2025 PAFR

Change in net pOSitiOn
C h a n g e i n n e t p O S i t i O n

Net position may serve over PERCENTAGE CHANGE IN NET POSITION
time as a useful indicator
of a government’s financial 10.00%
position. It is a snapshot of
the City’s entire resources and
obligations, or net worth, at PERCENT 5.00%
the close of the fiscal year. In
the case of the City of Moreno
Valley, net position as a whole 0.00%
had a 2.2% increase over FY 20/21 FY 21/22 FY 22/23 FY 23/24 FY 24/25
prior year mainly due to the
increase in current and other
assets.

Accounting for 67.9% of the City’s net position is its net investment in capital assets (e.g. land, buildings, machinery,
and equipment). The City uses these capital assets to provide services to residents; consequently, these assets are
not available for future spending. Although the City’s net investment in its capital assets is reported net of related
debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since
capital assets themselves cannot be used to liquidate the liabilities.

CITY OF MORENO VALLEY’S NET POSITION (in $000’s)
GOVERNMENTAL BUSINESS-TYPE TOTAL PRIMARY
ACTIVITIES ACTIVITIES GOVERNMENT
FY 23/24 FY 24/25 FY 23/24 FY 24/25 FY 23/24 FY 24/25

Current and other assets $470,374 $482,965 $74,663 $98,717 $545,037 $581,682
Capital assets $916,689 $919,593 $84,175 $86,319 $1,000,864 $1,005,912

Other noncurrent assets $8,971 $11,334 $- $41 $8,971 $11,375

$- $-
Total Assets $1,396,034 $1,413,892 $158,838 $185,077 $1,554,872 $1,598,969

$- $-
Deferred outflows of resources $25,986 $11,719 $4,790 $4,363 $30,776 $16,082

$- $-
Current liabilities $66,170 $71,269 $7,410 $10,914 $73,580 $82,183
Long-term liabilities $130,025 $122,414 $51,431 $49,856 $181,456 $172,270

$- $-
Total Liabilities $196,195 $193,683 $58,841 $60,770 $255,036 $254,453

$- $-
Deferred inflows of resources $11,500 $12,914 $99 $148 $11,599 $13,062

$- $-
Net investment in capital
assets $877,152 $877,124 $36,480 $37,896 $913,632 $915,020

Restricted $188,796 $180,184 $12,052 $14,380 $200,848 $194,564
Unrestricted $148,377 $161,706 $56,156 $76,246 $204,533 $237,952

$- $-
Total Net Position $1,214,325 $1,219,014 $104,688 $128,522 $1,319,013 $1,347,536

City of Moreno Valley | 11