Page 4 - 2019-20-CitizensGuideToBudget
P. 4

The City of Moreno Valley


                                     BALANCES BUDGET




                                      Despite State and Local Pressures




























        Moreno Valley has approved a two-year balanced budget in   service needs will also grow as new facilities and roadways
        June of this year. Despite continued takeaways of local funds   are constructed to meet community needs.
        by the State and increased costs for services provided by
        Riverside County, the budget is fully balanced.  It represents   “The City’s tradition of sound fi scal management has allowed
        ongoing investments in the City’s future while maintaining   us to manage through prior tough times and provides us
        the award-winning sound fi scal stewardship and conservative   with a strong foundation.  This coming year we face a turning
        legal safeguards, which have marked Moreno Valley as one of   point as we focus on strategies to keep us on fi rm fi scal
        the most fi scally fi t cities in the Nation.            footing and continue to lay the groundwork for a bright and
                                                               sustainable fi scal future,” said Mayor Yxstian A. Gutierrez.
        The adopted General Fund budget for 2019/2020 totals
        $112.9 million and the overall budget exceeds $258 million.    Through diligent fi nancial management, the City will continue
        The  spending  plan  includes  $34.2  million  in  capital   to focus on fi nancial stability and community quality of life,
        improvements to ensure the repair and replacement of aging   despite state and federal policies that potentially affect the
        local infrastructure within our current fi nancial capabilities.  funding Moreno Valley and other California cities receive.

        This budget is based on the principles of Momentum MoVal,   While  the  continued  State  takeaways  and  cost  increases
        a strategic plan developed by the City Council to ensure that   imposed by the County can limit the City’s ongoing ability to
        community priorities are refl ected in  planning  decisions.    sustain services and programs, the current budget effectively
        The City will continue active outreach to assess community   preserves services that are high priorities for Moreno Valley
        priorities into the future.                            residents.

        While Moreno Valley’s fi scal position remains strong, the
        City is keeping a watchful eye on areas of concern such as
        the potential for slower economic growth and increased
        costs for public safety services provided by Riverside County.
        As the City continues to add residents, infrastructure and



        To view our budget and other fi nancial documents,
        visit: www.MoVal.org/budget
        Upon request, this invitation (news release/agenda/notifi cation) will be made available in appropriate alternative formats to persons with disabilities, in compliance with the Americans with Disabilities Act of 1990. Any person with a disability who requires
        a modifi cation or accommodation in order to participate in these activities should direct such requests to Guy Pegan, ADA Coordinator, at 951.413.3120 at least 72 hours before the activity. The 72-hour notifi cation will enable the City to make reasonable
        arrangements to ensure accessibility and participation in this meeting or event in compliance with the Americans with Disabilities Act of 1990.
        Citizens’ Guide | 4
   1   2   3   4   5   6   7   8   9