Page 10 - 2021 Popular Annual Financial Report

general fund

EXPENDITURES

A total of 60 percent of the City’s expenditures ($63.6 million) went
to public safety which represents a 0.5% decrease from FY 19/20.
Expenditures for other city services included General Government
expenditures of $16 million (12.1% decrease), Community Development
expenditures of $10.1 million (15.1% decrease), Public Works
expenditures at $6.7 million (14.2% decrease) and other expenditures
at $9.6 million (31% increase). change in
NET POSITION

FUND EXPENDITURES

Net position may serve over time as a useful indicator
Public Safety $63,601,268 of a government’s financial position. It is a snapshot of
General Government $16,044,563 the City’s entire resources and obligations, or net worth,
Community Development $10,123,013 at the close of the fiscal year. In the case of the City of
Public Works $6,706,293 Moreno Valley, net position as a whole increased by 4.3%
Other* $9,637,895 from prior year.
Total General Fund Expenditures $106,113,032
* Includes Transfers Out
Accounting for 76.6% 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
60%
Public assets to provide services to residents; consequently,
Safety
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
15%
General from other sources, since capital assets themselves
Government
cannot be used to liquidate the liabilities.

6% 10%
Public 9% Community
Works Other, Development
including
Transfers

Total expenditures decreased 2.9% to $106.1 million in FY 20/21. This was
largely attributed to a decrease in Community Development, Public Works
and General Government expenditures due to a delay in spending related to
capital outlay and contractual services as a result of the pandemic.

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