Page 9 - 2023-25 Citizen's Guide to the Moreno Valley Budget
P. 9

BUDGET AT A


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        The City’s Budget consists of three major components: General Fund Budget (general operations), Capital Improvement
        Program (CIP) Budget, and other special/restricted fund budgets.

        The General Fund Budget is the City’s fiscal operating blueprint.  The FY 2023/24 - 2024/25 General Fund budget is based
        on resource/revenue projections of $152.8 million and $155.2 million, respectively.  Departmental operating expenditures are
        budgeted at $152.8 million and $155.2 million, respectively.
        The FY 2023/24 - 2024/25  budget furthers the City’s ongoing commitment to fiscal responsibility and effective management.
        The budget is balanced without the use of contingency reserve funding and concentrates resources on maintaining the
        existing levels of services and public safety.

                                              FY 2022/23           FY 2023/24           FY 2024/25
                        General Fund   Amended Budget        Adopted Budget       Adopted Budget

                           Revenues            $141,081,959        $152,834,043         $155,190,489
                           Expenses                   $145,626,895                    $152,830,827                    $155,185,813
                           Variance           $(4,544,936)              $3,216              $4,676

                                  FY2022/23,  C o u n c i l  a p p r o v e d  t h e  u s e  o f  f u n d  b a l a n c e  f o r  t h e  e x p a n s i o n  o f  t h e  An i m a l  S h e l t e r .
        GENERAL FUND SUMMARY

        The following graphs provide information regarding the City’s General Fund revenues by budget category and General Fund
        expenditures by department.
        The General Fund is comprised of several revenue sources; however, three main sources account for over 68% of the total.
        These include property tax, sales tax, and utility users tax.  Each revenue type is impacted by different activity cycles and
        economic pressures.
        For FY 2023/24, the General Fund continues to remain balanced with revenues of $152.8 million and expenditures of $152.8
        For FY 2023/24, the General Fund continues to remain balanced with revenues of $152.8 million and expenditures of $152.8
        million.  Revenue projections are based on the most current economic data available and budgeted appropriations reflect
        million.  Revenue projections are based on the most current economic data available and budgeted appropriations reflect
        ongoing efforts to achieve efficiencies.  Each City department has carefully evaluated its expenditures, seeking to at least
        ongoing efforts to achieve efficiencies.  Each City department has carefully evaluated its expenditures, seeking to at least
        maintain services while reducing costs wherever feasible.  City staff continue to monitor economic indicators for changes.
        maintain services while reducing costs wherever feasible.  City staff continue to monitor economic indicators for changes.
                              REVENUES                                                EXPENSES

                        0.3%
                    0.4%  Fines & Forfeitures                               79.2%
               1.9%  Intergovernmental  0.1%                                Public Safety
               Transfers In     Miscellaneous                               40.5% Police
                                                                            18.9% Fire
            3.1%                      32.1%                                 10.2% Community Development
            Use of Money &            Property Tax                          9.6% Public Works
            Property
          3.7%
          Licenses &
          Permits
        9.5%                                                      0.6%
        Charges for                                             City Clerk
        Services
                                                                  0.7%
                                                               City Council
       12.9%
       Other Taxes
                                                                 0.7%
                                                              City Attorney
                                                                  1.2%
             11.5%                          24.5%           Human Resources
             Utility Users Tax
                                            Sales Tax                             1.7%
                                                                        1.6%  1.6%  Non-Departmental  12.7%
                                                                    City Manager  Economic    Financial & Management Services
                                                                             Development
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