Page 8 - 2021 Popular Annual Financial Report

general fund

REVENUES

The General Fund is used to account for all financial resources of the City The three largest and most important revenue sources
traditionally associated with government operations that are not required for the City are Property, Sales, and Utility User Taxes.
legally or by sound financial management to be accounted for in another These vital taxes represent a relatively stable source
fund. of revenue for the City, which enables it to effectively
manage and provide for critical public services. The
The City of Moreno Valley strives to provide our citizens with the very largest revenue source for the City was property taxes
best value for their dollars while offering the level of services our Citizens at $41.2 million, which is a 7.2% increase over FY19/20.
deserve. The Financial and Management Services department is committed Sales taxes provided $25.7 million in revenue, which is a
to exceeding these expectations while ensuring the long-term financial 25.5% increase from the prior year; and Utility User Taxes
stability and sustainability of the City government. The City’s fiscal year is generated $16.4 million, a 5.6% increase from the prior
July 1 through June 30. 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
fy 2020/2021 revenues: $122,004,499 for services are charges and fees collected by the City for
services such as developer services, inspections, animal
services, etc. Charges for services generated $12.7 million,
34% a 6.1% increase over FY 19/20. Other taxes and fees
Property Tax 21%
Sales include the Transient Occupancy Tax, franchise fees, and
Tax
business license gross receipts. Other taxes generated
$15.4 million, a 19.1% increase over last year. The last piece
of general fund revenues include monies collected from
13% licenses, permits, fines, forfeitures, transfer in, etc. These
Utility revenues generated $10.6 million, which was a 27.7%
User
9% Tax decrease from last year primarily driven by a decrease in
Other use of money and property.
Revenues

10% 13% Overall, total general fund revenues reported an increase
Charges for Other Taxes of 7% as compared to the prior year, primarily due to
Services
increases in property and sales taxes as well as charges
for other services indicating increased development and
citizens investing in their community.
FY 20/21 FUND REVENUES
Property Tax $41,211,702
Sales Tax $25,723,709
Utility User Tax $16,361,233
Other Taxes $15,448,743
Charges for Services $12,676,206
Other Revenues* $10,582,906
Total General Fund Revenues $122,004,499
* Includes Transfers In

Popular Annual Financial Report | 8