Page 8 - 2020 Popular Annual Financial Report

general fund

REVENUES

The General Fund is used to account for all financial resources of the City traditionally associated with government operations that 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 1 through June 30.

fy 2019/2020 revenues: $114,002,121

34%
Property Tax 18%
Sales FY 19/20 FUND REVENUES
Tax
Property Tax $38,449,752
Sales Tax $20,498,386
Utility User Tax $15,499,534
14% Charges for Services $11,947,306
Utility
User Other Taxes $12,970,014
10% Tax Other Revenues $14,637,129
Charges for
Services Total General Fund Revenues $114,002,121

11% 13%
Other Other Revenues,
Taxes including Transfers

The three largest and most important revenue sources for the City are Property, Sales, and Utility User 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 $38.4 million, which is a 9.2% increase over FY18/19. Sales taxes provided $20.5 million
in revenue, which is a 3.4% decrease from the prior year; and Utility User Taxes generated $15.5 million, a 0.1% increase 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 $11.9 million, a 12.5% decrease over FY 18/19. Other taxes and fees include the Transient
Occupancy Tax, franchise fees, and business license gross receipts. Other taxes generated $13 million, a 5.4% 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
$14.6 million, which was a 1.3% increase from last year primarily driven by use of money and property.

Overall, total general fund revenues reported an increase of 1.5% as compared to the prior year, primarily due to increases in property and other
taxes indicating increased development and citizens investing in their community.

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