Page 13 - MVU Annual Report 2019/20

CITY OF MORENO VALLEY, CA
Statement of Net Position

PROPRIETARY FUNDS

JUNE 30, 2020
Enterprise Fund-ELECTRIC
ASSETS
Current Assets:
Pooled cash and investments (note 3) $22,611,400
Receivables:
Accounts $4,610,193
Prepaid costs $38,921
Inventories $410, 515
Restricted:
Cash with fiscal agent (note 3) $8,691,669
Total Current Assets $36,362 ,698
Noncurrent Assets
Capital assets - net of accumulated depreciation $74,677,048
Total Noncurrent Assets $74,677,048
Total Assets $111,039 ,746

DEFERRED OUTFLOWS
OF RESOURCES
Deferred outflows of resources related to pensions $382,747
Deferred outflows of resources related to OPEB $88,184
Deferred outflows - Utility Network $4,969,364
Total Deferred Outflows of Resources $5,440,295
Total Assets and Deferred Outflows of Resources $116,480,041

LIABILITIES
Current Liabilities:
Accounts payable $2,423 ,904
Accrued interest $377,887
Unearned revenue $18,674
Deposits payable $1,507,886
Compensated absences (note 6) $207,256
Self-insurance payable (note 12) -
Bonds, notes, and loans payable (note 6) $1,631,947
Total Current Liabilities $6,167,554

NONCURRENT LIABILITIES:
Compensated absences (note 6) $138,171
Self-insurance payable (note 12) -
Bonds, notes and loans payable (note 6) $55,766,333
Net pension liability $2,004,382
Net OPEB liability $286,676
Total Noncurrent Liabilities $58,195,562
Total Liabilities $64,363,116
DEFERRED INFLOWS
OF RESOURCES
Deferred inflows of resources related to pensions $4,326
Deferred inflows of resources related to OPEB $29,511
Total Deferred Inflows of Resources $33,837

NET POSITION
Net investment in capital assets $25,754,111
Restricted for public purpose programs $5,048,552
Unrestricted: $21,280,425
Total Net Position $52,083,088
Total Liabilities, Deferred Inflows of
Resources and Net Position $116,480 ,041