Page 7 - Moreno Valley City 2025 PAFR

g e n e r a l F u n d r e S e r V e S
general Fund reSerVeS

& unaSSigned Fund balanCe

Moreno Valley is ranked as one of the most fiscally
strong cities in the nation. This is due in part to the
31%
adoption of a comprehensive financial reserve policy.
27% Other
Financial reserves protect against future economic
Unassigned categories
downturns, which bring unpredictable shortfalls in tax
revenue, and better prepare the City, its residents, and
its businesses for a catastrophic natural disaster.

The General Fund had $30.8 million in unassigned fund 21%
balance, an increase by $7.4 million in comparison with 21% Operating
Economic
the prior year. The fund balances for Operating Reserve reserve
uncertainty
(Emergency Fund) and Economic Uncertainty Reserve
reserve
(Rainy Day Fund) meet adequate reserve levels in
compliance with City Council adopted policy.
FY 24/25 FUND BALANCE
Operating reserve $ 24,256,014
Economic uncertainty reserve $ 24,256,014
terMS Unassigned $ 30,844,365
Other categories $ 35,062,959
ECONOMIC UNCERTAINTY RESERVE Total Fund Balance $ 114,419,352
Established for the purpose of providing funds to be
used during times of severe economic distress such
as recessionary periods, State raids on local resources,
or other impactful unforeseen events which greatly
diminish the financial ability of the City to deliver core
services.

OPERATING RESERVE
Established for the purpose of providing funds for an
urgent catastrophic event or major disaster that affects
the safety of residents, employees, or property (e.g.
earthquake, wildfires, terrorist attack, etc.)

UNASSIGNED
Established to protect against cash flow shortfalls
related to timing of projected revenue receipts and to
maintain budgeted level of services.

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