Page 19 - Moreno Valley 2019 Popular Annual Financial Report
P. 19
NET POSITION
EXPENDITURES CHANGE IN
CITY OF MORENO V ALLEY
NET POSITION
(IN $000’S)
CITY OF MORENO VALLEY’S NET POSITION (in $000’s)
Governmental Activities Business-Type Activites Total Primary Government
FY 17/18 FY 18/19 FY 17/18 FY 18/19 FY 17/18 FY 18/19
Current and Other Assets $269,745 $288,255 $18,368 $37,150 $288,113 $325,405
Capital Assets $888,586 $872,422 $57,145 $68,629 $945,731 $941,051
Total Assets $1,158,331 $1,160,677 $75,513 $105,779 $1,233,844 $1,266,456
Deferred Outflows of Resources $14,926 $10,591 $6,909 $5,542 $21,835 $16,133
Current Liabilities $29,690 $30,845 $5,140 $7,529 $34,830 $38,374
Long-Term Liabilities $137,246 $123,046 $38,698 $59,585 $175,944 $182,631
Total Liabilities $166,936 $153,891 $43,838 $67,114 $210,774 $221,005
Deferred Inflows of Resources $1,521 $3,354 $(4) $59 $1,517 $3,413
Net Investment In Capital Assets $837,174 $823,200 $20,959 $25,289 $858,133 $848,489
Restricted $146,937 $160,307 $5,461 $6,126 $152,398 $166,433
Unrestricted $20,689 $30,516 $12,168 $12,733 $32,857 $43,249
Total Net Position $1,004,800 $1,014,023 $38,588 $44,148 $1,043,388 $ 1,058,171
PERCENTAGE CHANGE IN NET POSITION
FY 2014/15 FY 2015/16 FY 2016/17 FY 2017/18 FY 2018/19
5.00%
0
PERCENT
-5.00%
-10.00%
Net position may serve over time as a useful indicator of a government’s financial position. It is a snapshot of the City’s entire
resources and obligations, or net worth, at the close of the fiscal year. In the case of the City of Moreno Valley, net position as
a whole increased by 1.4% from $1.04 billion at June 30, 2018 to $1.06 billion at June 30, 2019.
Accounting for 80.2% 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.
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