Page 4 - Moreno Valley Citizen's Guide to the Budget

The City of Moreno Valley

BALANCES BUDGET

Despite State and Local Pressures

Moreno Valley has approved a two-year balanced budget in services, 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 Through diligent financial management, the City will
ongoing investments in the City’s future while maintaining continue to focus on financial stability and community
the award-winning sound fiscal stewardship and quality of life, despite state and federal policies that
conservative legal safeguards, which have marked Moreno potentially affect the funding Moreno Valley and other
Valley as one of the most fiscally fit cities in the Nation. California cities receive.

The adopted General Fund budget for 2023/24 totals While the continued State takeaways and cost increases
$152.8 million and the overall budget exceeds $304.6 imposed by the County can limit the City’s ongoing ability to
million. The spending plan includes $28.2 million in capital sustain services and programs, the current budget effectively
improvements to ensure the repair and replacement of aging preserves services that are high priorities for Moreno Valley
local infrastructure within our current financial capabilities. residents.

This budget is based on the principles of Momentum MoVal,
a strategic plan developed by the City Council to ensure that
community priorities are reflected in planning decisions.
The City will continue active outreach to assess community
priorities into the future.

While Moreno Valley’s fiscal 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 financial documents,
visit: www.moval.org/budget
Upon request, this news release 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 modification or accommodation
in order to participate in this meeting should direct such requests to the ADA Coordinator at 951.413.3350 or adacoordinator@moval.org at least 72 hours before the meeting. The 72-hour notification will enable the City to make reasonable arrangements to
e n s u r e a c c e s s i b i l i t y t o t h i s m e e t i n g .
Citizens’ Guide | 4