Page 2 - 2023 Moreno Valley Popular Annual Financial Report
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POPULAR ANNUAL
F i N A N C i A L R E P O R T
FISCAL YEAR ENDED JUNE 30, 2023
TABLE OF CONTENTS
City Organization..........................................3
ABOUT THIS REPORT GFOA Award ................................................4
The City of Moreno Valley is pleased to present the Popular About Moreno Valley ....................................5
Annual Financial Report (PAFR) for the fiscal year ended June
30, 2023. This is a user-friendly annual companion to the Annual
Comprehensive Financial Report (ACFR), making the City’s General Fund Reserves
finances increasingly transparent and accessible to all Moreno & Unassigned Fund Balance .........................7
Valley Residents. As the second largest city in Riverside County,
Moreno Valley remains as one of the most desirable places to live
in the Inland Empire. General Fund Revenues ...............................8
The PAFR is a summary of the financial activities of the City
of Moreno Valley and is drawn from information found in the Property Tax & Sales Tax ..............................9
2023 ACFR. Both reports are available online at https://www.
moval.org/departments/financial-mgmt-svcs/department-fin- General Fund Expenditures .......................10
operations.html. It is important to note that the financial data
in this report is unaudited, includes information exclusively on
primary government funds and is presented on a non-GAAP Change in Net Position ..............................11
(Generally Accepted Accounting Principles) basis. This means
that it excludes discrete component unit and fiduciary fund
information, contains condensed financial information and does Community Services District ......................12
not provide all of the necessary financial statements and note
disclosures required by GAAP standards which are contained in
the ACFR. However, we believe that the information presented Moreno Valley Electric Utility .....................13
in this PAFR is a balanced and fair summary of the audited ACFR,
providing our citizens with a good understanding of the financial
health of our city. Long Term Debt .........................................14
We thank you for taking the time to learn about your City’s finances Glossary ......................................................15
and your shared commitment to the success and vibrancy of our
growing community and invite you to access our audited financial
statements and completed ACFR online for more detailed
information on your City’s finances.
CITY OF MORENO VALLEY
We welcome your questions, comments and suggestions regarding FINANCIAL & MANAGEMENT SERVICES
the information of this report. Contact us at the City of Moreno
Valley, Financial & Mangement Services Department, at 14177 14177 Frederick Street. Moreno Valley, CA 92552-0805
Frederick Street, Moreno Valley, CA 92552-0805, Tel. 951.413.3021. 951.413.3021 | www.moval.org
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