Page 8 - Moreno Valley City 2025 PAFR

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general Fund reVenueS

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The General Fund is used to account for all financial manage and provide for critical public services. The
resources of the City traditionally associated with largest revenue source for the City was property taxes
government operations that are not required legally or at $55.1 million, which is a 5.9% increase over FY
by sound financial management to be accounted for 23/24. Sales taxes provided $41.2 million in revenue,
in another fund. which is a 8.8% increase from the prior year; and Utility
Users Tax was at $21.6 million, which is 10.7% increase
The City of Moreno Valley strives to provide our citizens
over FY 23/24.
with the very best value for their dollars while offering
the level of services our Citizens deserve. The Financial The rest of the City’s general fund revenues came from
and Management Services department is committed a mixture of Other Taxes, Use of Money and Property,
to exceeding these expectations while ensuring and Other Revenues (including transfers in from
the long-term financial stability and sustainability of other funds and proceeds from SBITA’s). Other Taxes
the City government. The City’s fiscal year is July 1st generated $19.1 million, a 4.0% decrease from the prior
through June 30th. year. Use of Money and Property are revenues earned
from interest and unrealized gains on investments.
FY 24/25 FUND REVENUES
Property taxes $ 55,135,927 Use of Money and Property generated $16.7 million,
Sales taxes $ 41,156,071 a 9.2% increase over FY 23/24, primarily driven by
Utility users taxes $ 21,582,335 higher investment interest income and an increase in
Other taxes $ 19,108,171 unrealized gains due to improved investment portfolio
Use of money and property $ 16,746,186 holdings. The last piece of general fund revenues
Other revenues* $ 26,632,712 includes monies collected from licenses, permits, fines,
forfeitures, transfer in, etc. These revenues were $26.6
Total General Fund Revenues $ 180,361,402 million, which was an increase from last year, primarily
*Includes Transfers In & Proceeds from Subscription Based Information Technology due to a transfer in to assist with replacing public safety
Agreements (SBITA)
vehicles.
The three largest and most important revenue sources Overall, total general fund revenues reported an
for the City are Property, Sales, and Utility Users Tax. increase of 5.8% as compared to the prior year,
These vital taxes represent a relatively stable source primarily due to increases in other revenues, indicating
of revenue for the City, which enables it to effectively business growth within the City.
FY24/25 REVENUES: $180,361,402

31%
Property taxes
23%
Sales taxes

9%
Use of money and property
14%
Other revenues
11%
Other taxes
12%
Utility users taxes

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