Page 2 - 2022 Popular Annual Financial Report

popular annual

FINANCIAL REPORT

FISCAL YEAR ENDED JUNE 30, 2022

table of

CONTENTS

City Organization ........................................................ 3

about GFOA Award ...................................................................4
THIS REPORT
The City of Moreno Valley is pleased to present About Moreno Valley ............................................... 5
the Popular Annual Financial Report (PAFR) for
the fiscal year ended June 30, 2022. This is a
user-friendly annual companion to the Annual General Fund Reserves
Comprehensive Financial Report (ACFR), making & Unassigned Fund Balance .............................. 7
the City’s finances increasingly transparent and
accessible to all Moreno Valley Residents. As the
second largest city in Riverside County, Moreno General Fund Revenues ........................................8
Valley remains as one of the most desirable places
to live in the Inland Empire. Property Tax & Sales Tax .......................................9

The PAFR is a summary of the financial activities
of the City of Moreno Valley and is drawn from General Fund Expenditures .............................10
information found in the 2022 ACFR. Both reports
are available online at http://www.moval.org. It
is important to note that the financial data in Change in Net Position ......................................... 11
this report is unaudited, includes information
exclusively on primary government funds and is
presented on a non-GAAP (Generally Accepted Community Services District ........................... 12
Accounting Principles) basis. This means
that it excludes discrete component unit and
fiduciary fund information, contains condensed Moreno Valley Electric Utility ...........................13
financial information and does not provide all
of the necessary financial statements and note Long Term Debt ....................................................... 14
disclosures required by GAAP standards which
are contained in the ACFR. However, we believe
that the information presented in this PAFR is a Glossary ........................................................................... 15
balanced and fair summary of the audited ACFR,
providing our citizens with a good understanding
of the financial health of our city.

We thank you for taking the time to learn about
your City’s finances 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.

We welcome your questions, comments and
suggestions regarding the information of this
report. Contact us at the City of Moreno Valley, CITY OF MORENO VALLEY
Financial & Mangement Services Department, at FINANCIAL & MANAGEMENT SERVICES
14177 Frederick Street, Moreno Valley, CA 92552- 14177 Frederick Street.
0805, Tel. 951.413.3021.
Moreno Valley, CA 92552-0805
951.413.3021 | www.moval.org
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