Page 28 - MVU Annual Report 2017/18

city of moreno valley, california
Statement of Net Position
Proprietary Funds

June 30, 2018

Enterprise Fund -
ELECTRIC
ASSETS
Current Assets:
Pooled cash and investments $ 13,086,879
Receivables:
Accounts 3,767,829
Prepaid costs 926,390
Inventories 402,085
Restricted:
Cash with fiscal agent 184,112
Total Current Assets 18,367,295
Noncurrent Assets:
Capital assets - net of accumulated depreciation 57,145,392
Total Noncurrent Assets 57,145,392
Total Assets 75,512,687

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows of resources related to pensions 525,904
Deferred outflows of resources related to OPEB 6,695
Deferred outflows - Utility Network 6,376,649
Total Deferred Outflows of Resources 6,909,248
Total Assets and Deferred Outflows of Resources $ 82,421,935

LIABILITIES
Current Liabilities:
Accounts payable $ 3,573,569
Accrued interest 245,949
Unearned revenue 18,282
Deposits payable 1,301,916
Compensated absences 167,957
Self-insurance payable
Bonds, notes and loans payable 1,183,111
Total Current Liabilities 6,490,784

Noncurrent liabilities:
Compensated absences 111,971
Self-insurance payable
Bonds, notes and loans payable 35,002,718
Net pension liability 1,981,250
Net OPEB liability 251,060
Total Noncurrent Liabilities 37,346,999
Total Liabilities 43,837,783

DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to pensions (23,393)
Deferred inflows of resources related to OPEB 19,487
Total Deferred Inflows of Resources (3,906)

NET POSITION
Net investment in capital assets 20,959,563
Restricted for public purpose programs 5,460,607
Unrestricted 12,167,888
Total Net Position 38,588,058
Total Liabilities, Deferred Inflows of
Resources and Net Position $ 82,421,935

MVU Ann ual Repor t | 28