Page 15 - Moreno Valley 2019 Popular Annual Financial Report

REVENUES
HIGHLIGHTS GENERAL FUND

The General Fund is used to account for all financial resources of the City traditionally associated with government operations
which are not required legally or by sound financial management to be accounted for in another fund.

The City of Moreno Valley strives to provide our citizens with the very best value for their dollars while offering the level
of services our Citizens deserve. The Financial and Management Services department is committed to exceeding these
expectations while ensuring the long-term financial stability and sustainability of the City government. The City’s fiscal year
is July 1st through June 30th.

FY 2018/2019
REVENUES:

$112,290,853

31% FY 18/19 FUND REVENUES
Property Tax 19%
Sales Property Tax $35,201,332
Tax
Sales Tax $21,208,442
Utility Tax $15,483,806
14% Charges for Services $13,650,496
Utility Other Taxes $12,303,492
Tax
11% Other Revenues, including Transfers $14,443,285
Other
Taxes Total General Fund Revenues $112,290,853

12% 13%
Charges for Other Revenues,
Services including Transfers

The three largest and most important revenue sources for the City are Property, Sales, and Utility Taxes. These vital taxes
represent a relatively stable source of revenue for the City, which enables it to effectively manage and provide for critical
public services. The largest revenue source for the City was property taxes at $35.2 million, which is a 6.3% increase over
FY17/18. Sales taxes provided $21.2 million in revenue, which is a 10.5% increase from the prior year; and Utility Taxes generated
$15.5 million, a 0.9% decrease from the prior year.

The rest of the City’s general fund revenues came from a mixture of charges for services and other taxes and revenues
(including transfers in from other funds). Charges for services are charges and fees collected by the City for services such as
developer services, inspections, animal services, etc. Charges for services generated $13.7 million, a 0.2% decrease over FY
17/18. Other taxes and fees include the Transient Occupancy Tax, franchise fees, and business license gross receipts. Other
taxes generated $12.3 million, a 4.6% increase over last year. The last piece of general fund revenues include monies collected
from licenses, permits, fines, forfeitures, transfer in, etc. These revenues generated $14.4 million which was a 7.2% increase
from last year primarily driven by use of money and property.

Overall total general fund revenues reported an increase of 5.1% as compared to the prior year, primarily due to increases in
property and sales taxes as well as other taxes indicating increased development and citizens investing in their community.

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