Page 24 - 2018-2019 MVUAnnual Report

CITY OF MORENO VALLEY, CA
Statement of Net Position
Proprietary Funds

JUNE 30, 2019

Enterprise Fund-
ELECTRIC

ASSETS
Current Assets:
2018/2019
Pooled cash and investments (note 3) $17,354,929
Receivables:
Accounts $3,850,051
Prepaid costs $25,251
Inventories $417,905
Restricted:
Cash with fiscal agent (note 3) $15,501,854
Total Current Assets $37,149,990
Noncurrent Assets
Capital assets - net of accumulated depreciation $68,229,297
Total Noncurrent Assets $68,629,297
FINANCIALS
Total Assets $105,779,287
DEFERRED OUTFLOWS
OF RESOURCES
Deferred outflows of resources related to pensions $360,121
Deferred outflows of resources related to OPEB $34,585
Deferred outflows - Utility Network $5,146,841
Total Deferred Outflows of Resources $5,541,547
Total Assets and Deferred Outflows of Resources $111,320,834
LIABILITIES
Current Liabilities:
Accounts payable $4,215,929
Accrued interest $456,951
Unearned revenue $25,980
Deposits payable $1,437,899
Compensated absences (note 6) $177,263
Self-insurance payable (note 12) -
Bonds, notes, and loans payable (note 6) $1,215,243
Total Current Liabilities $7,529,265
Noncurrent Liabilities:
Compensated absences (note 6) $118,175
Self-insurance payable (note 12) -
Bonds, notes and loans payable (note 6) $57,398,279
Net pension liability $1,838,570
Net OPEB liability $230,098
Total Noncurrent Liabilities $59,585,122
Total Liabilities $67,114,387

DEFERRED INFLOWS
OF RESOURCES
Deferred inflows of resources related to pensions $28,004
Deferred inflows of resources related to OPEB $30,517
Total Deferred Inflows of Resources $58,521

NET POSITION
Net investment in capital assets $25,289,496
Restricted for public purpose programs $6,125,796
Unrestricted: $12,732,634
Total Net Position $44,147,926
Total Liabilities, Deferred Inflows of
Resources and Net Position $111,320,834